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Publishing platforms are constantly emerging around the world, bringing together a market of publishers and writing clients. In many cases, a client pays a writing service that then pays its publishers. Some of these platforms facilitate work for thousands of writers. Here are reasons that the best way to make publisher payments is through an ACH provider with an automated mass payment system.
The old manual payment method is flawed in the sense that it can lead to billing errors, mixing up accounts, or issuing late payments, depending on staff performance. The automated payment system eliminates these mistakes, allowing a company to move forward instead of looking back to fix problems. It allows payees to configure their own accounts and decide how they want to be paid.
One of the major advantages of using an ACH provider is that it allows a company to make mass payments around the world in a payee’s native currency. This feature alone helps elevate a global business. Payees have several other options, including getting paid early or selecting a payment method such as PayPal.
These days, cybercrime is an escalating trend that can only be blocked with state-of-the-art security solutions. Millions of transactions flow through electronic payment systems on a daily basis while government regulations require strong security to guard against data breaches. An ACH provider uses robust security to ensure all transactions are safe.
Easy Staff charges a fixed commission of 10% of the transfer amount from the sender of the money. The recipient does not pay the service anything. At the same time, the sender does not need to pay additional taxes and fees to the state, and this is absolutely legal. It’s a more economical way to process payments than traditional methods, particularly for large companies.
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Making publisher payments used to take a week for many vendors, but switching to an ACH system only takes a day or two. Small firms that were able to deliver payments in a day can now accomplish the task of mass payment in a few hours, or in some cases just a matter of minutes.
Our online payment platform allows you to collect and validate W-9, W-8, and VAT tax forms and reconcile payments in real-time. The system also integrates well with analytics applications such as HitPath, CAKE, and HasOffers. Publishers appreciate the fact that we provide them automatic payment status. Knowing the status in real-time helps publishers strengthen business relationships with their ACH provider.
The electronic payment system beats spreadsheets in almost every way since it’s paperless, which takes less office space, eco-friendly and it eliminates problems with lost checks. Most importantly, it ensures publishers get paid on time.
Thanks to Easy Staff, your recipients will receive the money within one workday in any required world currency for a Visa, MasterCard, or e-wallet. At the same time, you do not need to do currency conversion and accounting yourself, we will do it for you.