How Annual Credits work

Article author
Nneka

Annual Credit Plans are the new credit solution that unlocks a lower rate by paying in advance for a longer commitment. Here’s how it works:

  • You can commit to a minimum of 10 annual credits which are valid for a year. One annual credit costs $599USD.
  • Currently, Annual Credits are only available for our EOR product (employees hired through Remote’s entity with Payroll run by Remote).
  • 1 EOR credit = 1 EOR month and can be used over 12 months.
    • For example, 24 credits could efficiently be allocated to:
      • 2 employees for 12 months,
      • 4 employees for 6 months,
      • 12 employees for 2 months,
      • or any other combination
  • The one year validity period for the Annual Credits starts as soon as you accept the plan on the Remote platform.
  • Billing for annual credits: Annual credits can be billed at the time of purchase or quarterly (which will incur a 2.5% fee spread out over 4 invoices).

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