What’s the Best Way to Send Money from Australia to Your Virtual Staff and Freelancers in the Philippines?


Australian businesses are employing freelancers more than ever. And that's a big step for our trusty Filipino virtual staff. I mean, Filipinos are leading the freelance economy revolution. And this trend will surely catch fire in the coming months. I mean, just watch this news clip of the growing freelancing movement in the Philippines.



The problem is, with the influx of Filipino talent, how do you pay them? And pay them with cheaper costs plus reliably at that?  Well, we have gathered payment options just for you to decide which one is best for your needs!


paystaff_Bank Transfer

Bank Transfer

We all know that banks can do bank-to-bank transfers internationally. And what's good about them is that banks are known to be really strict when it comes to international transfers. You are assured that your virtual staff will receive their pay.

The problem is, it comes with hefty fees and long waiting times (3-5 days on average. More for some).  According to an article by Time Doctor, in general when sending $1000, banks can have around $25-$40 in fees plus a hidden Forex charge of around $30 - $60. And it's not only charged from the sender, but the receiver is also charged a different amount as well.

It's for those who trust banks because of their reliability. But don't mind the charges (!).




paystaff_Western Union

Western Union

In the Philippines, everyone knows about Western Union. It's a staple brand for OFW remittances and remittances from one far-off province to another. And one of the reasons for their prominence is that most Filipino are unbanked.

In fact, 77% of Filipinos remain unbanked according to BSP. With this, Filipinos rely on cash-pick up from the almost ubiquitous Western Unions in the country. (In our street alone, there are two western unions.)

Western Union is fairly reliable. Although again, you are faced with big fees. According to Time Doctor's article, western union charges $28 on fees plus a hidden Forex charge of $21 when sending $1000.

It's for you if you have freelancers who are unbanked, especially those in the province. But again, the Forex rates can be really low.

Western Union




We all know Paypal. Arguably, Paypal is the most prominent online money transfer service available worldwide. But compared to the new players right now, it comes with a price.

Currently, they charge 3.6% + $0.3 for online transfers to the Philippines. If you want to know how much your staff will be getting, you can check this Paypal calculator for roughly the AU amount you will send after the fees.

According to Time Doctor's blog, Paypal charges roughly $ 0-40 on fees and $25-40 on hidden Forex Charges with release times of 3-5 days.  Also, some Paypal accounts can suddenly be frozen.

But amidst this and although being expensive, Paypal has a feature where you can send batch payments to your virtual staff. If you have many employees, you can use Paypal amidst the hefty cost.





Payoneer is another option for sending your staff their salary. The good thing about Payoneer is that you can strike deals with them if you have a big company. They may offer you preferential rates.

But for the normal SMEs, Payoneer doesn't have hefty fees. The problem is the exchange rate. They charge a currency conversion rate of roughly 2-2.75% above the mid-market rate.

Currently, there are no published rates for Payoneer. But assuming the percentage holds true, that's roughly a $20 - $28 deduction from the currency conversion for sending $1000.

Although, the good thing about them is that they are reliable as a company and they also have batch processing if you have many virtual employees on your payroll. They have an option also for your receivers to have a prepaid MasterCard they can withdraw from.

This is for companies who want a cheaper alternative for Paypal with batch processing. And maybe have a relationship for preferential rates.





Out of all, Transferwise might give the highest Forex rates with roughly a $10 fee if sending out $1000. They don't charge a currency conversion rate. They also have batch processing.

It might be one of the best options for you out there whether you are sending to a few virtual staff or a whole remotely located department.


paystaff_Paystaff Payments Solutions

Paystaff Payments Solutions

With all these options, why should you use Paystaff?

Simple. Paystaff offers a combination of the strengths of the other 5. Paystaff offers a reliable way to send money to your Filipino staff with multiple sending options:

  • Bank Transfer

  • Cash Pick-up

  • Door-to-Door Delivery

With these sending options, you can hire Filipino staff who are unbanked.

Also, the fees for the transaction are fixed and minimal. Whether you are sending $1000 or $5000 you are just charged a flat rate of $7 (bank transfer) to $9 (cash pick-up or door-to-door). Imagine the savings in the long run.

As for the exchange rate, Paystaff is pegged at slightly above the mid-market rate. But definitely higher compared than most of those in the list. And like Payoneer, Paystaff offer partnerships deals with bigger companies to get a preferential rate.



Designed for Filipino Freelancers with Australian Clients

On top of that, Paystaff caters solely for Australian companies who have Virtual staff in the Philippines. You are assured that your exact payment needs are met. And that future updates will be geared towards improvement just for your needs.

The problem with Paystaff is that it doesn't have batch processing (yet) for businesses with many virtual staff recipients. Paystaff is for those who want the advantages that are relevant for Australian companies with Filipino freelancers.

And if you are a new user, Paystaff offers a promo code with 2-months free transaction fee for unlimited transactions.



Choosing your payment solutions platform can be a daunting task. Of course, we want you to try Paystaff. But then, you can also try out these other options because arguably they are your best bet in the market today.

Although, if you do want to try Paystaff, feel free to register or to call us for more information.


Share This Post

Leave a Reply

  • More Articles