Native Teams offers a comprehensive set of payment tools designed to meet the diverse needs of freelancers, remote workers, and employers. These tools include:
Multi-currency digital wallet: A virtual wallet for storing and managing assets in multiple currencies. It provides flexibility in managing incoming payments and accessing funds either through the payroll system or other means. Each account comes with an IBAN for seamless transactions.
Local Bank Transfers: Facilitates easy and secure transfers between bank accounts in various currencies.
Payment Requests: Allows users to request instant payments, whether as one-time payments or recurring transactions. Funds can be received directly into the virtual wallet or expense card.
Native Teams Card: Visa/MasterCard linked to the multi-currency digital wallet, offering convenient access to funds for online and in-store purchases globally.
Wallet Transfers: Enables quick and hassle-free transfers between different currency wallets or batch payments to team members.
Expense Management: Tools for marking business versus personal expenses, maintaining records, and generating reports for tax compliance and financial analysis.
Client Invoicing: Enables users to generate custom invoices for local or international clients. Payments received are directly added to the virtual wallet.
Global Payroll: Streamlines payroll processes for businesses operating in 65+ countries, ensuring employees are paid in their local currency and local bank accounts. Additionally, Native Teams handles tax, social, and other contributions to ensure full compliance.
Native Vault: Provides users with the opportunity to securely store money and earn rewards through savings within the Native Teams platform.