Many businesses and organizations today favour the option of employees working remotely as this enables them to utilize human resources from all over the world. However, one of the obstacles that organizations encounter is how to pay staff members that are working from home in a foreign country. There are a variety of overseas payment solutions available today one of which is the fast-growing OrbitRemit.
OrbitRemit is among the best low-cost options for organizations in Australia, New Zealand and the UK seeking to make payments to remote workers in a number of countries around the world. Herein is a detailed overview of how to Pay Remote Staff in the Philippines from the UK using this non-bank financial service.
What You Will Need
In order to use OrbitRemit to transfer funds, you must have an online account with the company. According to the company’s official website, for a user to create an account they must have:
- An active bank account with any bank in the countries the company sends from.
- Internet access is linked to their bank account and the ability to utilize internet banking.
- A photo ID is necessary for identity authentication.
- An email address.
- A Utility bill or Bank statement in their name not more than 3 months old for address verification.
The Money Transfer Process
Organizations sending money to remote staff in the Philippines have two options going by OrbitRemit’s official website https://www.orbitremit.com/philippines. These are the bank deposit and the recently added cash pick-up options.
1. Bank Deposit
The first step is logging in to your account through the OrbitRemit website or app. The next step is creating a payment instruction on the website. The payment instruction includes the destination (Philippines), recipient the payment is being made and the amount being transferred.
Once the payment instruction has been created, the next step is transferring the money online to the local UK OrbitRemit bank account. No fees are charged for this transaction since it is a domestic online bank-to-bank transfer. OrbitRemit will complete the online currency exchange and send the money to the recipient’s bank account in the Philippines once they have the cleared deposit. This transfer will be completed on the same or the next business day after the company receives the funds.
2. Cash Pick-up
The Cash pick-up option enables the recipients to collect cash at more than 7,000 branch locations in the Philippines including but not limited to Cebuana Lhuillier, LBC Express, Puregold, GCash, M Lhuillier, Metro bank, Palawan Pawnshop and PS Bank. The transfer process for cash pick-up is similar to the bank deposit option. You create your payment instruction detailing the amount you are transferring, the destination (Philippines) and the recipient you want to pick up the cash.
After creating the payment instruction, transfer the total payments to the OrbitRemit bank account in the UK. OrbitRemit will release the funds for collection in the Philippines as soon as the deposit clears. The money will be available for collection on the same day.
It is crucial to note that OrbitRemit has a transfer minimum of $ 50 and a transfer maximum of $ 9,900. The website has a currency rates converter that will display the amount you will transfer in Philippine Pesos.
