What is Recurr PaySalary?
Recurr PaySalary is a payroll solution designed to automate salary disbursements for businesses of all sizes. It simplifies the payroll process, allowing you to onboard employees, manage staff payouts, handle deductions, and pay salaries effortlessly.
How does the onboarding process work?
Onboarding is quick and easy. You can sign up on our platform within 5 minutes. After inputting your business information and completing the verification process, you'll receive a business bank account to manage your payroll.
Can I upload all my employees at once?
Yes, Recurr PaySalary allows you to either create individual employee profiles or bulk upload staff information, making the process efficient for businesses with a large workforce.
How secure is Recurr PaySalary?
We take security very seriously. Our platform integrates Two-Factor Authentication (2FA), ensuring that no transaction can be made on your account without your PIN to authorize it. This provides an additional layer of protection for all payroll transactions.
Does Recurr PaySalary support commission-based payments and salary deductions?
Yes, our platform accommodates different payment structures, including commission-based payments and deductions. This flexibility allows businesses to handle more complex payroll scenarios with ease.
What is the Recurr Overdraft product?
The Recurr Overdraft is a short-term loan product designed for businesses facing liquidity challenges in meeting payroll. We offer a 30% overdraft for 3 weeks to help you pay salaries on time. This low-interest loan is exclusively for salary payments, and businesses must have used Recurr PaySalary for at least 6 months to qualify.
Do you offer any discounts for startups?
Yes, Recurr offers a special discount for startups. If your business is less than 2 years old, you're eligible for a 3-month discount where you won't be charged any payroll processing fees. This is part of our initiative to support growing businesses.
Can I choose specific employees to pay at each payroll cycle?
Absolutely. Recurr PaySalary allows you to select specific employees for payouts during each payroll cycle, giving you more flexibility and control over your payroll management.
What payment methods are available for funding my payroll account?
You can fund your payroll account using a variety of methods, including bank transfers. Once the payroll account is funded, you can proceed with salary disbursements.
How long does it take for my employees to receive their salaries?
Once you hit the Pay Salary button with 'Now' used as the Selected payout timing option, the disbursement is processed instantly, and your employees will receive their salaries in real-time, depending on their bank's processing times.
What happens if I need assistance?
Our dedicated customer support team is available to assist you with any questions or issues you may encounter. You can reach us through our support channels, and we'll help resolve your concerns promptly.