Professional Services & Consulting
Consulting firms, law firms, accounting practices, and other professional services companies pay international contractors and partners across multiple countries.
Explore BitwageThe Challenges
Subcontractor payments require manual wire transfers
Professional services firms rely on subcontractors in multiple countries. Paying them via SWIFT wires requires manual initiation, correspondent bank fees, and 2–5 day delays.
FX costs erode project margins on international work
When billing in USD but paying subcontractors in local currency, unpredictable FX rates can turn a profitable engagement into a marginal one.
Compliance documentation is needed for every engagement
Consulting firms need contractor compliance documentation — W-8BEN, OFAC screening, contractor classification records — for every subcontractor engagement.
How Bitwage Helps
Pay subcontractors via local rails, not SWIFT
Replace manual SWIFT wires with same-day local rail payments. Subcontractors in the UK, Europe, India, and LATAM receive funds faster at a fraction of the cost.
Lock FX rates at project budgeting time
Bitwage's FX rate lock lets you know exactly what a subcontractor will cost in USD before you start a project. No FX surprises at invoice time.
Automated compliance documentation
Bitwage collects W-8BEN forms, runs OFAC screening, and maintains contractor records automatically. Compliance review at project close takes minutes.
QuickBooks and Xero integration for project billing
Payments sync to QuickBooks or Xero automatically. Project billing reports pull subcontractor costs without manual reconciliation.
Professional Services & Consulting FAQ
Bitwage locks the fx rate lock at the time you approve the payment, not when it settles. This means you know exactly what you'll pay in USD before the money leaves your account.
Yes. Use masspay to pay subcontractors across multiple countries in a single CSV upload. Each payment is routed via the optimal local rail automatically.
Bitwage sends automated collection emails and tracks w8 ben completion status. Payments are held until the form is on file.
Yes. The quickbooks integration auto-exports every payment to QuickBooks Online, matching your project chart of accounts.
Start paying your global team today
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