Vendor Payments for Development Agencies
How development agencies pay international subcontractors without SWIFT fees or multi-day settlement delays.
Explore the international vendor payments platformDevelopment agencies running distributed teams face a specific payment problem: they are paid in USD by US clients but pay subcontractors in local currencies across Asia, Eastern Europe, and Latin America. Every SWIFT wire costs $25–$50 and takes 3–5 days. At 50 subcontractors per month, that's $1,500–$3,000 in wire fees alone, plus cash flow exposure during the settlement window.
Bitwage replaces SWIFT wires with local rail routing at a fraction of the cost. Agencies pre-fund their Bitwage Balance in USD, then execute batch payments to all subcontractors simultaneously. Each subcontractor receives their local currency via PIX, SPEI, SEPA, or USDC — same-day for most corridors — while the agency's FX rate is locked at execution.
For agencies managing accounts payable at scale, Bitwage integrates with NetSuite, QuickBooks, and Sage Intacct — transactions export automatically for reconciliation. Combined with dual approval workflows, this gives finance teams the control they need without the manual overhead of managing dozens of individual wires.
How Bitwage Solves This
- Powered by the international vendor payments platform
- FX rate locked at payment approval — zero slippage
- OFAC screening before every payment execution
- Full audit trail and ERP-ready export
Country-Specific Guides
Frequently Asked Questions
A typical SWIFT international wire transfer costs $25–$50 per transaction plus 1–3% in FX spread. Bitwage replaces this with local rail routing at a fraction of the per-transaction cost. An agency sending 50 payments per month typically saves $1,500–$3,000 monthly in wire fees alone.
Yes. Bitwage routes each payment through the optimal local rail — PIX for Brazil, SEPA for Europe, SPEI for Mexico. You fund in USD; subcontractors receive local currency at a FX rate lock rate set at execution time.
Yes. Bitwage integrates with NetSuite, QuickBooks Online, and Sage Intacct via ERP payment integration. Transactions export automatically after each payment run, eliminating manual reconciliation.
Start paying with Bitwage today
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