Does CardUp support payroll for companies?
Yes, CardUp offers payroll support for companies looking to pay their employees' salaries efficiently.
How does the payroll process work with CardUp?
Companies can set up the desired payroll amount directly within CardUp. Once the payroll amount is configured, payment can be made using a credit card. CardUp will then transfer the specified payroll amount back to the company's designated bank account.
What happens after the payroll amount is transferred?
Once the funds are received in the company's bank account, the company can proceed to run its payroll as usual. Salaries can then be distributed to employees according to the company’s standard payroll procedures.
Important Note
Please be aware that CardUp does not transfer payroll salaries directly to employees' bank accounts. The company is responsible for disbursing salaries to its employees after receiving the funds.