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Native Teams offers a comprehensive suite of payment tools designed to streamline transactions and financial management. Each tool is crafted to give you flexibility, control, and convenience.
Here’s a breakdown of how these tools work:
- Core financial management tools
Multi-currency wallet: Manage and store funds in multiple currencies within a virtual wallet. Each wallet includes an IBAN, enabling international transactions and serving as a central hub for managing incoming payments and accessing funds.
Wallet transfers: Easily transfer funds between different currency wallets or initiate batch payments to team members, making quick and efficient transfers for timely payouts.
Local bank transfers: Securely send and receive payments across currencies by initiating transfers between bank accounts globally, ensuring smooth international transactions.
- Payment processing and requests
Payment requests: Send requests for payments from clients or other parties for both one-time and recurring transactions. Payments are received directly into the Native Temas wallet, which offers instant access to funds.
Client invoicing: Generate and send custom invoices to clients worldwide. Payments are deposited directly into your wallet once an invoice is settled, simplifying the payment collection process.
- Spending management tools
Native Teams card: Linked to the multi-currency wallet, the Native Teams card allows for easy online and in-store purchases globally. Users can access funds and manage expenses while travelling or handling international business.
Expense management: Track and categorise business or personal expenses, keep detailed financial records, and generate reports for tax compliance and financial planning.
- Advanced payroll and savings features
Global payroll: Native Teams automates payroll for businesses in multiple countries, ensuring employees are paid in their local currency and bank accounts. Tax, social, and other contributions are handled to meet local compliance requirements.
Savings in Native Save: Store funds securely in the Native Save and earn rewards by keeping a balance within the platform. This feature offers a safe and beneficial way to manage savings while gaining attractive rewards.
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