What was the problem?
A B2B SaaS company was processing international contractor payments through a mix of SWIFT wires and Wise, paying 2–4% in FX markups plus $25–$45 per wire. With 50 contractors spread across Latin America and Southeast Asia, the monthly AP overhead had grown to over $10,000 — mostly absorbed invisibly in spread costs that never appeared on a single line item.
How Bitwage helped
Bitwage replaced the fragmented wire-and-Wise stack with a single BatchPay workflow. Contractors were onboarded in under 48 hours and chose their preferred payout rail — local bank transfer, USDC, or USDT. FX rates are locked at wholesale with a transparent flat fee, eliminating the spread markup entirely. Finance ran the first batch of 50 payments from a single CSV upload in under 20 minutes.
Measurable outcomes
“We had no idea how much we were losing in invisible FX spread until we saw Bitwage's cost breakdown. Moving to BatchPay felt like finding $10K/month we didn't know we had.”