ko-kard is a payment option for workers in the Philippines only. The advantages of using ko-kard are:
- You can send automatically from your bank card in countries such as the US, Australia, UK.
- Potentially a lower cost than PayPal. The cost is $7 per transfer which compares with 4% for standard transfers and 2% for MassPay.
- Employees receive money in their local currency (pesos) which saves them money
- Workers don't need a bank account to receive the money. They will be sent a card in the mail and they can withdraw money from an ATM using this card.
- The currency exchange rate is potentially lower than PayPal. They don't give a specific rate but say that it should always be the same or better than PayPal.
How to set up ko-kard
- Click the activation button to turn it "on" in your payroll settings page
- Click on the link to sign up for ko-kard. You will then need to enter your account details and verify your account within the ko-kard.com website
- Select each staff member that you want to pay via ko-kard
- Make sure to log into the ko-kard.com website and add each of these staff members. They will be then sent a card.
- At the end of each payroll you will need to download a spreadsheet and then use the details to send payment amounts within the ko-kard.com website. We do not have a direct integration at this stage, so you will need to do everything within their website. If you would like to request that we work on the integration please contact Staff.com support.
The PayPal integration is set up for PayPal Mass Pay. This is the lowest cost way for a business to pay people on PayPal. The cost 2% of the transfer amount PLUS PayPal will effectively charge for currency conversion at a rate of approximately 2.5% although this varies depending on the currency. The maximum fee is $20 for international payments and only $1 for US and Canadian domestic payments. If you do not have access to PayPal Mass Pay but you still want to use PayPal then you can pay manually through your PayPal account. In this case select the payment method as Manual. The costs will be significantly higher in this case. The steps to setting this up are:
Step 1: Apply for Mass Pay in your PayPal account.You can do this by calling PayPal. The criteria for acceptance are:
- Be in good standing for 90 days or more
- A verified business account
- Ensure all PayPal limits are removed (This can be checked by logging into your PayPal account and going to https://www.paypal.com/us/cgi-bin/webscr?cmd=_show-limits&req_from=view_limits)
- The account owner has to contact PayPal
Step 2: Select for the PayPal payment method to be on
Step 3: Select the currency for your PayPal accountThis needs to be the same currency as your PayPal bank account. Unfortunately with PayPal mass pay you can only calculate salaries and pay people in the same currency as your PayPal bank account.
Step 4: Select the individual people that you wish to use PayPalChange their payment method to "PayPal" and check if their PayPal email address is valid (but default it will be the same as their Staff.com email address but you can change it.
What is the best way to structure the setup of a remote working team?
What are pitfalls of setting up a remote team and how can they be overcome?
If you’ve decided to hire a remote digital marketing team, where’s the best place to start?
Those were the burning questions David Bain asked our very own Liam Martin, co-founder and COO of Staff.com and Time Doctor, on episode #28 of the Digital Marketing Broadcast.
Staff.com is an online staffing site for long term jobs.
Time Doctor is a time tracking and productivity monitoring software designed for managing remote teams.
In this podcast, Liam discussed with David the the ins and outs of setting up a remote working team, reflecting on his 5 years of experience in outsourcing, designing and managing distributed ecosystems like those of Staff.com and Time Doctor.Read More
For the past four years now, the Philippines had consistently earned top spots in Tholon's Top 100 Outsourcing Destinations, which ranks outsourcing cities around the world, moving to the second spot in this year's iteration of the rankings.
And although India is maintaining its dominant position in the rankings, trend suggest that the traditionally smaller markets can overtake behemoth rivals.
Cell center services are the largest percentage of the outsourcing market in the Philippines, although higher-end outsourcing services such as Web design, software development, and animation are starting to take hold.
Finance and accounting are also gaining ground as the Philippines push on to become regional and global hub for corporate backroom operations.
Check out our compiled List of Outsourcing Companies in the Philippines. And don't forget to leave a comment if you find this list useful!Read More
At Staff.com and Time Doctor all of our 52 employees work remotely (from home) in 9 different countries. I have been working completely remotely now for over 6 years. When done right, remote work can be very productive, but many companies find it hard to manage or work with people who aren’t sitting with them in an office.
Here are some tips based on my experience and our collective experience as a company on how to make it work.
1. Over-communicate (compensate for the lack of face-to-face)
People working in a office tend to bump into each other and are more likely to communicate often because they’re constantly seeing each other.
When working remotely you don’t see your co-workers, which makes it easier to forget about them, and to forget to communicate. Out of sight, out of mind. This solitude has benefits in that there are less distractions and “got a minute” meetings, but it can lead to a culture with too little communication. So you need to over communicate to compensate for the fact that you’re not naturally bumping into each other in the office.
Let’s take a look at some of the ways you can communicate more effectively when working remotely...Read More