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Contractor payouts

Pay contractorsto bank accountsor USDC wallets.

Bring international contractor payments into one reviewable pay run. Contractors confirm a bank or eligible USDC destination through a secure link.

Prepare first payout Swaps Payroll
Example

Contractor batch · 3 rows

October contractors

  • Ana RuizReady · Bank account4,200.00 USD
  • Tom BeckerReady · USDC wallet3,600.00 USD
  • Lea ParkNeeds destination2,800.00 USD
Total
10,600.00 USD

Names and amounts illustrate a pay run, not customer results. No money moves until the run is approved, sufficiently funded and eligible for execution.

How a batch works

Four steps, one run.

Start from amounts you have already agreed. Swaps does not calculate what anyone is owed.

  1. Add rows

    Type them in or upload a CSV with recipient, amount, currency and memo.

  2. Contractors confirm

    Each one confirms their own details on a secure link. A link expires after 14 days; you can send a new one.

  3. Review and approve

    Missing destinations show before you approve. Approval freezes the payout snapshot.

  4. Fund and track

    Fund only from the instructions issued for this run. Then follow each contractor on their own row.

Destinations

Bank or USDC, per contractor.

Delivery depends on the contractor and the route, not just on the currency in your spreadsheet.

  • Bank account

    Six currencies.

    • USD
    • EUR
    • GBP
    • BRL
    • MXN
    • COP

    The bank rail follows the currency of the run. Available where enabled for your account.

  • USDC wallet

    An external wallet.

    Only where your account, a USD pay run and the contractor’s network are enabled. A valid address alone is not eligibility.

    Payouts to a Swaps wallet are not live for payroll yet.

Reconcile

Every row has its own status.

A run can complete, complete in part or fail. Keep each row’s status and payment evidence with your records.

  • Needs destinationThe contractor has not confirmed where to be paid.

  • ReadyA destination is confirmed. Nothing moves before approval and funding.

  • ProcessingDelayed is not failed. Do not send a duplicate replacement.

  • PaidConfirmed for that row.

  • FailedContact support with the affected row before you pay again.

  • ReturnedNot a promise of an immediate refund to your bank.

Trust

Named before you pay.

Payouts are processed by licensed partner Bridge. Swaps provides the interface and transaction coordination.

Bank-service provider

Execution only.

You stay responsible for classification, agreed pay, taxes and records. Swaps executes payments rather than managing employment.

Pricing

Drafting is free.
1% per payout.

See all pricing
Drafting a run
Free
Each payout Swaps executes
1%
Each contractor receives
The full amount
Provider and network costs
Shown before you fund

FAQ

Questions.

How do I organize a contractor payout batch?

Start with your agreed contractor amounts and payment records. Add rows manually or upload a CSV with recipient, amount, currency and memo. Ask contractors to confirm their own details through secure links instead of collecting bank details in chat. Review missing destinations and requirements before approving the run. Approval freezes the payout snapshot. Fund the run only when its verified instructions are available, then track each contractor separately.

How do I reconcile failed or returned contractor payments?

Use each row to tell processing, paid, failed and returned payouts apart. A partly completed run does not mean everyone was paid. If a destination needs correction or a payout fails, contact support with the affected row so the next step can be reviewed. Do not send a duplicate replacement just because a row is delayed. A returned payout does not promise an immediate refund to your bank.

Can I pay contractors in USDC?

Only where your account, a USD pay run and the contractor’s network are enabled. A valid wallet address alone does not establish eligibility. Use the network offered in the contractor’s flow; do not assume every network carrying USDC is supported. Funding the run and receiving USDC are separate steps: never reuse a contractor’s wallet as the funding destination.

Is this payroll tax software?

No. Swaps is payout execution only. The payer remains responsible for payroll calculation, taxes, filings, legal payslips, worker classification and employment records.

Do I need to verify first?

You can prepare a draft before you verify, and a draft moves no money. Approving, funding and paying need an account verified with Bridge, our licensed bank partner, and recipients that are ready for the rail.

Prepare your
first payout.

Prepare a draft before you verify. Each contractor confirms their own payout details.

Prepare first payout Swaps Payroll