Your search for an alternative to Bitwage ends here
Looking for a Bitwage alternative? People switch from Bitwage to Request because it’s more affordable and comprehensive. Here’s why we think you should make the switch too ✨
Bitwage, a crypto payroll, and freelance management solution
Bitwage is a payroll platform that facilitates the sending and receiving of wages in digital currencies. With compliance measures that meet HR standards, the platform is feature-rich, offering functionalities such as automated tax documentation, time-tracking, and payroll scheduling. It even supports traditional banking methods and a wide array of up to 25 fiat currencies.
One of Bitwage's standout qualities is its adaptability. The platform can seamlessly integrate with your existing payroll systems, making switching to crypto-based payroll almost effortless. It goes beyond mere payment processing to offer tax compliance, HR assistance, and streamlined employee onboarding. Bitwage even provides a Bitcoin 401(k) plan, allowing employees to allocate a part of their income into Bitcoin.
However, Bitwage’s cost structure could be improved. Its 2% fee on each stablecoin transaction might seem minimal but can accumulate into a substantial sum for businesses with a large workforce.
Moreover, Bitwage’s crypto offerings are limited, catering to only various cryptocurrencies (Bitcoin, Ether) and stablecoins (DAI, USDC on Stellar or Ethereum, and cUSD). This could be a sticking point for employees who wish to receive their wages in a broader range of cryptocurrencies and blockchain networks.
What makes Request Finance a great Bitwage alternative
When it comes to managing your crypto finances, Request Finance emerges as a robust alternative to Bitwage. The platform offers an all-in-one dashboard that allows you to track, verify, and organize all your crypto transactions.
Request Finance is one of the largest crypto payroll platforms, which has enabled over 2,000 Web3 teams to pay more than $450 million in crypto payroll, expenses, and invoices. It allows users to pay and get paid in crypto, process salaries, and bonuses in crypto, and reimburse expenses in crypto.
One of the main advantages of Request Finance is the extensive compatibility with various blockchain networks and various cryptocurrencies. It supports 150+ cryptocurrencies, 10+ stablecoins, 10+ fiat currencies, and 18+ blockchains.
To streamline the payroll process, the app also simplifies financial reporting in crypto for Web3 teams. It also offers features such as batch payment, customized dashboards and reporting, and integration with various wallets and crypto accounting systems.
Request Finance allows for the approval and reimbursement of team expenses in crypto, which is not available on Bitwage. This makes Request Finance an excellent choice if you’re a Web3 team whose primary need is for a crypto-focused platform.
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This led to significant time savings in reconciliations, streamlined processes, and improved transparency, contributing to enhanced operational efficiency.”
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