Choose Payment Method
How to choose the right payment method that Clockbook supports?
Clockbook supports all the payment options that are offered at Resortifi. Clockbook is easy to integrate with the payment modes you choose on Resortifi. You can choose Paypal, Master Card, Visa Card, Transferwire, Payoneer and so on.
Why to use digital payment platform?
Digital payment platforms or software makes it easier for you to pay your remote teams. Using such platform is especially helpful when your remote team, specifically international team, has a significant impact on fees, timings and deadlines.
If you want to track the time, streamline payments and make payment transactions through various payment modes, Clockbook, a time tracking software, is a great choice since it can be integrated with various payment modes Resortifi offers. Its time tracking features help you to make the accurate track of your team’s working schedule and streamline your online payments.
What are the major payment methods Resortifi uses?
Resoriti offers several payment options for the hosts to pay to their team as well as for the guests to make payments to their host. These are as follows:
Paypal
Paypal is one of the oldest payment methods introduced in 1998. You can use Paypal since it supports most of the currencies and banks in the world.
There are certain fees the receiver has to pay while withdrawing the payment, depending upon their country and bank.
Payoneer
This is another payment method Resortifi offers. It was introduced in 2005 and is the service provider of MasterCard.
Payoneer supports over 200 countries and 150 currencies.
Money can also be withdrawn with their own Payoneer cards.
Payoneer lets you send money to your MasterCard, PayPal or make a global bank transfer.
Transfer Wise
This is a payment platform that provides online money transfer at real exchange rates.
The best part is that the rates are low.
It supports 70 countries and over 40 currencies.
It is more suitable if you manage a remote team or have hired an independent contractor. Hence, it is also good for small businesses having small transfer requirements every month.
Bit Wage
This method doesn’t need you to have bank account in order to pay your teams.
It offers various payment options and supports Bitcoin.
It is ideal if the payments are to be made in bit currency.
Its reasonable rates and mass payment options are great if your entire team is based in the US.
Is there any drawbacks in using PayPal or Payonneer?
Both methods are a great way for payments; however, there are some considerations to be kept in mind.
Paypal is most suitable for the hosts having pool/property rentals spread across multiple locations in the world and/or have their teams to manage the rentals. Paypal sometimes puts certain accounts on hold without any notice, which may be a problem if you are doing big transactions.
Payoneer has a minimum monthly payment requirement as $20,000. Hence it is more suitable for larger teams.
Is PayPal and Payoneer can be integrated with Clockbook?
When connected to your Clockbook account, Paypal and Payoneer can also automate your payments.
Clockbook integration with all the payment methods Resortiti offers let you pay to independent parties securely and automatically.
How much is PayPal and Payoneer transaction fee?
Paypal transaction fee is based on the following factors:
- Using bank account
- PayPal balance
- Credit / debit card
- Local or international transfer
- Currency conversion fee
With Paypal, you can send money up to 10,000 people monthly without monthly fee. Payoneer charges flat fee of $3 per transfer.
How Clockbook can be of value to a Resortifi host or a guest?
For using multiple payment methods at a time can be difficult and is prone to errors. Clockbook, a time tracking software, minimizes the errors through accurate time tracking of your teams. The best part of it, which makes it a win-win situation for Resortifi’s hosts and guests, is that it integrates multiple payment options you choose to use.