The Best Way to Send Money to the Philippines

Are you fed up with overpaying and waiting days to send money to your Filipino employees? There is no need to look any further! This blog post shares the best-kept secret to moving money to the Philippines quickly and cheaply. Say goodbye to high costs and long wait times and hello to happier employees and a more efficient payroll process.

While PayPal is a popular option for international money transfers, it has several drawbacks: both the sender and the receiver are charged fees, and Filipino employees frequently must wait several days to receive their hard-earned money. But don't worry. We have a better solution: TransferWise (now known as Wise).

Why Should You Use TransferWise?

TransferWise provides numerous advantages when sending money to the Philippines:

1. Speed: Transfers can be made in less than an hour, and money can arrive in as little as a day. Imagine your Filipino employees' excitement at receiving their pay nearly immediately!
2. Cost-effective: TransferWise offers competitive exchange rates and low costs, making it a cost-effective option for both parties. Your staff are paid in full, without deductions, and you save money on transaction fees.
3. Ease of use: With TransferWise, you can quickly and easily set up bank payments. All your employees require are a Filipino bank account, which most of them already have or can quickly open.
4. Transparency: Your staff are paid in Philippine Pesos, while you get to pay in your local currency (Euros, Dollars, Pounds, etc.). This way, everyone understands what they're paying or receiving, removing uncertainty, and ensuring your employees are paid correctly.
5. Simplified job postings: TransferWise allows you to advertise employment vacancies in the local currency (Philippine Pesos), making it easier for potential employees to understand their salary and removing the need for currency conversions.

A More Efficient Payroll Process for Your Filipino Employees

Making timely and precise payments is critical to keeping your employees satisfied and engaged as an employer. You may pay your employees on the first and fifteenth of each month using TransferWise, and they will usually get their money within an hour. This dependable and open procedure fosters confidence between you and your employees, making your job much easier.

So, why not switch to TransferWise and transform how you send money to the Philippines? It's a game changer for both employers and employees.

If you find this blog post helpful, please like and subscribe to my YouTube channel, and share it with others who could benefit from this life-changing money transfer technique. Keep an eye on OutsourcingBoss.com for additional helpful hints on hiring and managing Filipino employees and making your business and personal life run more smoothly and efficiently. See you in the following post!