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Hey there! Just to give some context from a ZenPayroll engineer: ZenPayroll does have splits between multiple bank accounts[1]. You can split your net pay by a
by tyre 12y ago
Hey there! Just to give some context from a ZenPayroll engineer:
ZenPayroll does have splits between multiple bank accounts[1]. You can split your net pay by amount ($100 in Account1, $200 in Account2, the rest in Account3) or by percentage.
Employees can even chose to donate a portion of their paycheck to any 501c3 in the United States[2].
Regarding BTC payouts, that's an interesting area, though currently runs into a number of wage laws. Many states necessitate that employees be paid in cash or cash equivalent. Bitcoin is not a cash equivalent (nor are more traditional value stores like gold.) Even ACH direct deposit had to be carved out as an exemption, to give some context on how strict these laws are.
It's great to see others diving into the payroll space. There is a great opportunity to help millions of small businesses.
[1] http://help.zenpayroll.com/customer/portal/articles/972807-employee-direct-deposit http://help.zenpayroll.com/customer/portal/articles/972807-e...
[2] https://zenpayroll.com/blog/zenpayroll-giving/ https://zenpayroll.com/blog/zenpayroll-giving/
[3] https://zenpayroll.com/api/v1/states https://zenpayroll.com/api/v1/states
- codelitt 12y agoHey! I didn't know that you guys had splits! I stand corrected on that account. And apologies for the misrepresentation. We even signed up for your service when we were doing our research. Was this recent? You're right about some states having certain laws around this. One of the biggest challenges of working in the US is that every state has a different money transmitting policy and every state has different labour laws. We hope that even if we step on some toes, that we can move this forward. There are some incredibly cool concepts in how people get paid that Bitcoin could enable. We talked a bit about areas in the Bitcoin ecosystem and payroll in general we think we can push things forward in our launch post: http://blog.incoin.io/introducing-incoin-bitcoin-distributed-payroll/ http://blog.incoin.io/introducing-incoin-bitcoin-distributed...