Find a balance between efficiency and cost
A blended approach is effective for businesses with U.S. and global teams. The balance depends on where your workforce is located and how frequently you pay them.
Choosing the right method means balancing some trade-offs with your company’s financial and compliance goals. For example, if payroll speed matters more than cost within the U.S., wire transfers may better align with your priorities. However, if efficiency and automation are more important, ACH is likely the better fit.
Evaluate your administrative capacity
Think about the internal effort to manage each payment method. ACH payments are automated, while wire transfers need more manual input.
As payroll regulations vary across jurisdictions, managing these processes internally can strain your HR and finance teams. Even with robust systems, coordinating compliance, taxes, and exchange rates can be tricky.
Streamline payroll with a trusted partner
Partnering with an EOR simplifies payroll management across regions. G-P acts as a legal employer in 180+ countries, employing your team members in each country on your behalf. Using an EOR lets you hire and pay employees in their local currencies without the need to establish local entities.
G-P EOR simplifies all aspects of payroll, including tax withholdings, benefits, and currency conversion. You still have control and visibility through a single dashboard, while we ensure every employee is paid accurately and on time, in full compliance with local laws.
Factors to consider when choosing a payment method
A strong payroll foundation starts with consistency. Choose a payroll system that minimizes manual steps, enhances transparency, and simplifies record-keeping. Here are key factors to consider when choosing a payment method:
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Geographic reach: Where are your employees located?
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Payment frequency: Do you run payroll weekly, biweekly, or monthly? How many employees do you pay during these cycles?
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Speed of delivery: How quickly do you want payments to arrive?
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Cost per transaction: Transaction fees matter, especially at scale. Picking a cost-effective method can impact your bottom line.
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Compliance needs: The payment method must align with jurisdictional tax rules, labor laws, and payroll regulations.
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Growth potential: As your workforce expands, your payment methods need to scale without creating bottlenecks or risk.
EOR solutions remove the need to choose between ACH and wire transfers for global payroll. Instead, your payments automatically run through localized systems designed to meet each country’s financial and legal requirements.
Hire and pay global teams with G-P
Choosing the right payment method, whether it’s ACH or wire transfers, is a strategic decision that impacts your team’s experience and operational compliance. While ACH is useful for U.S. payroll, wire transfers offer speed and international reach. By combining technology, local expertise, and compliant global payments from G-P, you can better support your workforce.
G-P simplifies every stage of payroll management. Our global employment products and EOR solutions make it easy to hire, manage, and pay global teams without setting up new entities. Pay your team confidently anywhere in the world, in 150+ currencies, backed by a 99% payroll accuracy.
Book a demo today.