Paying remote workers through VPM Solutions is a simple and secure process. This article outlines how to process payments, associated costs, and key considerations for managing payroll effectively.
How to Pay Remote Workers via VPM Solutions
1. Payment Process
- Payments to remote workers are handled directly within the VPM Solutions platform.
- The company owner/manager can use a major credit or debit card to process payments.
- Workers submit time cards for approval before payment processing.
- The company owner/manager must approve time cards before the dispute window closes; otherwise, they will be auto-approved.
2. Time Card Approval and Payment Schedule
- Workers track their hours using the platform’s time-tracking system.
- The company owner/manager can review and approve time cards before payments are processed.
- If no action is taken, time cards will be automatically approved after the dispute period expires.
What Are the Costs Involved?
1. Payment Fees
- Payments processed through VPM Solutions may incur credit/debit card processing fees.
- Stripe applies a 3% transaction fee to payments.
2. Currency Exchange & International Payments
- If remote workers are in another country, currency exchange rates may apply.
Key Benefits of Using VPM Solutions for Payroll
✔️ Secure and Reliable Payments – Automates the payment process, ensuring timely and secure transactions.
✔️ Automatic Time Card Approval – Prevents payment delays by approving time cards systematically.
✔️ Dispute Resolution – The company owner/manager can review and verify logged hours before payments are finalized.
✔️ Simple Setup – Payments are processed via major credit and debit cards for convenience.
For more details, visit the VPM Solutions Help Center.