Question 1

What is Swaps Payroll?

Accepted Answer

Swaps Payroll is a payout execution product for verified customers: businesses, founders, and creators. Pay run owners create an approved run, fund it once, and Swaps executes individual bank or enabled external USDC wallet payouts to workers or contractors through provider-verified rails. Tempo wallet payouts are planned after production wallet proof.

Question 2

Does Swaps calculate payroll taxes or file payroll?

Accepted Answer

No. Swaps Payroll v1 is execution-only. Your company, payroll system, accountant, or employer-of-record provider remains responsible for payroll calculations, taxes, filings, employment records, and legal payslips.

Question 3

How do recipients get paid?

Accepted Answer

Each recipient receives a secure onboarding link to confirm a provider-verified bank account or, where provider capability allows it, an enabled external USDC wallet destination. Tempo wallet payouts are planned after production wallet proof and are not live for Payroll yet.

Question 4

How does employer funding work?

Accepted Answer

Each pay run is funded separately. After approval, the pay run snapshot is locked and Swaps shows verified funding instructions when provider funding is available. Payout execution does not start before funding is detected.

Question 5

Can payroll run automatically every month?

Accepted Answer

Not in v1. You can duplicate past pay runs into reusable templates for weekly or monthly payroll, but each run still requires explicit approval and funding proof before execution.

Question 6

What happens if one payout fails?

Accepted Answer

Swaps reconciles every row independently. A pay run can complete, partially complete, or fail, with row-level status, provider evidence, and retry paths after a corrected destination.