Over the past decade, we have been committed to bringing you the best service possible when receiving your payments in the currency of your choice. And thanks to our new banking partners you can now apply to get paid from your employer/client in a unique USD bank account with your name as the beneficiary.
In this post, we will go over this new feature which will make receiving your salary and client payments outside of the US much more seamless. This optimization to our services makes it so that clients/companies that usually ask for a bank account with your name as the beneficiary can now pay you to a unique account under your name!
Through these new uniquely named bank accounts in USD for ACH transfers, you can also receive payments from other places and freelance marketplaces like Freelancer.com, Fiverr, Airbnb, Upwork, Toptal, Guru and others.
Receive payments in USD through ACH with Bitwage
The Automated Clearing House (ACH) network is an electronic bank-to-bank money transfer. This network provides the necessary infrastructure for client/employer payments to reach Bitwage's bank accounts without a hassle.
Unlike other funding options like wire transfers or credit cards, sending USD through ACH is much cheaper for clients and employers. This can vary, between banks, and depending on the banks that our clients use, the fee for this service could come out to be a few cents.
To apply for an ACH bank account in USD, your client or employer does not have to be registered at Bitwage. This is a huge plus for freelancers since they do not need their employer or client to sign up for a Bitwage Business account and you can just give them a bank account to your name.
If you would like to apply for an ACH account in USD under your name, follow these steps and make sure to complete the necessary account validation steps.
How to obtain a USD ACH account under my name?
Step by Step1- Create a Bitwage individual or Business account.
2- Once approved, add a new client by going to Invoicing -> Clients, and complete your clients' information. After that, click Save.
3- Create an Invoice and at the bottom where you have the funding instructions for ACH, click "Apply" and begin the form.
4- Accept the terms and conditions of our new banking partner.
5- Verify that your personal information is correct before continuing.
6- Upload the selected document and click finish.
Note: Once your ACH Bank account in USD is created, you will receive an email notification in your mailbox.
Why Use Bitwage?
Out of all the available services, why should you use Bitwage?
Well, there are many reasons why our users prefer us. Not only do we offer some of the highest quality services around but we excel with our 5-star support. We offer personalized support where you talk to a real person, so forget about talking to a chatbot or an AI, at Bitwage you interact with real people.
Bitwages services are non-custodial, meaning that you are guaranteed to get your salary without your funds being held by a third party. Recently, many issues arose with custodial services like Synapse where unfortunately users' funds were held and the user/company could do nothing about it. By using Bitwage, you can make your crypto payroll process simple, secure, and swift.
Companies can pay their workers and give them the choice of what currency they want. Be it Stablecoins like USDC, USDT, or DAI, local currencies like USD and EURO, or cryptocurrencies like Bitcoin and Ethereum. Let your employees mix and mash together the best solution for their salary payments.
With the unique ACH accounts Bitwage's new partner offers, your employer does not have to sign up to use Bitwage. They don't even need to know you are using Bitwage. Just give them the ACH account details under YOUR name, and that's it!
