Withdrawal methods available for your workforce

What are the withdrawal methods available for your workforce on Multiplier?

Multiplier offers a range of withdrawal options tailored to different employment types. Here's an overview of the available methods:

Workforce Type	Available withdrawal methods on Multiplier
Contractor	Local Bank Transfers, Crypto, PayPal, Payoneer, Wallet (pre and post onboarding)
Employer of Record (EOR)	Local Bank Transfers, Crypto, Wallet (pre and post onboarding)
Global Payroll (GP) - Company Onboarding	Local Bank Transfers

Withdrawal methods details

Local bank transfers

Contractors can seamlessly receive payments into their local bank accounts provided to Multiplier during every pay period.

Crypto

Contractors will receive a payment link instead of a direct bank transfer. They can choose to accept payments in any supported cryptocurrency. The amount can then be transferred to their crypto wallet based on the exchange rate on the transfer day after deducting applicable platform service fees.

PayPal

Multiplier supports PayPal wallets. Contractors must provide the email address associated with their PayPal wallet to receive payments. Once the client makes the payment, the approved invoice amount will be credited to their PayPal wallet.

Payoneer

Contractors can provide the email associated with their Payoneer account to receive payments securely and conveniently.

Multiplier Wallet (Coming soon)

The Multiplier Wallet allows contractors to sign up for a digital wallet to hold funds. Contractors can keep funds in their wallets and withdraw later, providing flexibility in managing their payments.