Why is the amount the contractor received, less than what they were expecting?

Article author
Nneka
  • Updated

This is because the contractor is charged processing costs plus any applicable FX fees related to the transaction by our payout providers. We always recommend adding a little extra to the invoice if you wish to cover payment fees for your contractors.

This will help absorb transaction fees and any fluctuations in currency rates (FX) between the contractor creating the invoice and Remote receiving funds from the employer to lock in an FX rate on the final payout.

The guaranteed payout for contractors only applies to payments processed via Wise and not Stripe.

See also:
Contractor invoicing currency and guaranteed payouts
What are the fees and costs for contractor payouts?

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