Payment Methods & Currencies
Which payment methods and currencies does Deel support for funding?
Clients can fund their Deel accounts in the following currencies:
AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HUF, JPY, MXN, MYR, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD, USDC, ZAR
Payment Methods
Clients can choose to pay in the payment method of their choice:
Card (credit/debit) payments: USD, EUR, GBP
Direct Debit payments (authorize Deel to initiate a payment from your bank account)
- CAD from bank accounts in Canada via EFT
- EUR from bank accounts in SEPA countries via SEPA direct debit
- GBP from bank accounts in the United Kingdom via BACS direct debit
- USD from bank accounts in the United States via ACH direct debit
Bank transfers: AUD, BRL, CAD, EUR, GBP, HUF, JPY, MXN, NZD, SGD, TRY, USD, ZAR
Wise account transfers: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HUF, JPY, MYR, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD
Mercury account transfers: USD
Brex Account Transfers: USD
Coinbase transfers: USDC
How long will my payment take to clear?
Contractors will be paid on-time once your payment has been approved by Deel, and this will be reflected on the Deel platform with a Invoice Approved status.
| Method | Payment Approval Timeline |
| Coinbase | Up to 1 business day |
| Mercury, Wise | Up to 1 business day |
| ACH, BACS, BECS, BREX, SEPA, PAD | Up to 1 business day |
| Domestic bank and wire transfers | 2-3 business days |
| International (SWIFT) wires | 3-7 business days |
Even though the funds have been processed on your end, only when we receive the funds will the transaction be completed. This can take from 1 to 7 business days.
When the transaction is settled the status will be marked as Invoice Paid.
| Method | Transaction Settlement Timeline |
| Coinbase | Up to 1 business day |
| Mercury, Wise | Up to 1 business day |
| ACH, BACS, BECS, BREX, SEPA, PAD | 1-7 business days |
| Domestic bank and wire transfers | 2-3 business days |
| International (SWIFT) wires | 3-7 business days |
Can I make a payment with cryptocurrency?
Yes. Deel now supports payments in USDC via Coinbase.
You must have a Coinbase account to pay in USDC.
What is the best way to pay multiple contractors if I am paying them in different currencies?
The best way to tackle this situation is to use the Mass Pay payment method, and we'll handle the multiple currency conversions for you. You will pay into Deel in one of Deel's funding currencies, and your contractors will get paid out in one of Deel's 120 payout currencies.
Exchange Rates
What will my exchange rate be?
Since the exchange rates frequently fluctuate, we've accounted for this by building it into your invoice. That means we take into account the exchange rate on the 25th and the 30th of the month.
For example:
The USD/EUR exchange rate on the 25th of the month was (x), but on the 30th it changed to (y).
In this case, the rate you're given accounts for the five days between the 25th and the 30th, thereby accounting for this (x) to (y) exchange rate fluctuation.
This is called the Forward Rate, and we build the amount into your invoice.
We want to make sure there are no surprises on your end.
Why is using Deel better than transferring straight from my bank account?
In short, it's a lot easier and more reliable. Working with Deel makes sure your group gets paid the correct amount, on time, each month.
Plus, most banks will charge between 3-5% on an exchange rate when transferring abroad, plus a fixed fee per transfer. And on top of that, there's no guarantee the money will get there on time.
What if my group wants to be paid in a currency that isn't yet on Deel?
Contract currency is the currency the client and contractor have agreed on as the form of payment. Settling on a contract currency usually happens during the negotiating process, before the contract is signed.
We support dozens of contract currencies, but we also partner with top payment providers like Revolut, Wise, and Payoneer so your group can get paid in 120+ currencies at the best available rate.
Deel will always disclose all rates and fees before a payment request is finalized.
Fees
What fees will be applied to my invoice payment?
Provider fees will depend on what method you select, and they are subject to change with our available processors.
Credit/Debit Card:
Cards domiciled in the US or European Union - $0.30 USD and 2.9%
Cards domiciled outside of the US or European Union - $0.30 USD and 3.9%
Direct Debit:
ACH (for USD payments in the US only): $5 USD
PAD (for CAD payments in Canada only): $10 CAD
BACS (for GBP payments in the UK only): $5 USD
SEPA (for EUR payments in SEPA countries only): $5 USD
Bank Transfer (multiple currencies via wire): $5 USD
Brex Payment (must be a Brex account admin): $5 USD
Coinbase (existing Coinbase account holders): $5 USD
Mercury (existing Mercury account holders): equivalent of $5 USD
Wise (existing Wise account holders): equivalent of $5 USD
ACH
What is Deel's ACH Originator ID?
The ACH Originator ID is a 10-digit unique identifier used to identify entities called originators, which collect payments via ACH debit. Similar to a mailing address, the ACH company ID helps ensure the ACH debit is delivered to the correct account holder.
You may use the following details if your bank needs our ACH Originator ID to send ACH payments or allow ACH debits to your account:
- Company Name: Deel Inc
- Originator Name: Stripe Payments Company
- ACH Originator IDs (also known as a "Debit Block Code"): 1800948598, 4270465600
- Please ensure that all IDs listed above have been cleared by your bank
What is the best invoice payment method for a client with a US-based bank account?
ACH is the most convenient invoice payment method for clients with US-based bank accounts, as ACH transfers are quicker, more convenient, and cheaper.
Wire transfers are also supported; however, they're typically slower and more expensive compared to ACH.
International Wires (SWIFT)
What do the “OUR,” “BEN,” and “SHA” options mean in the Details of charges section?
You can specify how transfer-related fees are handled when initiating an international bank transfer via SWIFT.
Most banks will charge a transfer fee to send a wire. Your sending bank may also need to route the payment through other banks to complete the payment. These are called intermediary or correspondent banks.
Those banks will often also deduct a fee from the amount before it reaches the final recipient. The total amount of these fees depends on your bank and intermediary/correspondent banks involved in processing the payment.
You must cover any transfer fees incurred when paying Deel invoices via international bank transfer, including intermediary bank fees—covering the costs guarantees that Deel receives your payment in full and that your contractors get paid on time. Field 71A (Details of Charges) on the form provided by your bank determines who will pay the transfer fees.
When in doubt, please check directly with your bank and confirm that the beneficiary will not be charged transfer-related fees. This ensures your contractors can be paid out on time.
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Note: Always select "OUR" when sending an international wire to Deel. Selecting OUR avoids additional intermediary bank fees and ensures Deel receives the total amount and can settle your payment immediately. |
Options defined
OUR: The sender covers transfer fees in full. The total transferred amount is delivered to the beneficiary. Payments to Deel must be made with OUR instructions.
BEN: The beneficiary covers the transfer fees. Any fees are deducted from the transfer amount. Therefore, the beneficiary receives the transferred amount net of all fees.
SHA: The transfer fees are shared. The sender covers fees charged by the sending bank. Any fees charged later by intermediary/correspondent banks are deducted. The beneficiary receives the transferred amount net of any intermediary bank fees.