GoldMoney Inc. Launches Gold Payroll & Gold Payout Applications

GoldMoney Inc. today released Gold Payroll and Gold Payout applications for the BitGold Business platform, free tools that allow BitGold Business Account users to set payrolls, dividends, rebates, reward payments, partner and affiliate payments from their dashboard.

Transferring value through banks or money transfer services can be costly and slow, especially across borders. This cost friction is easily compounded when business owners have multiple recipients, such as employees, partners, and service providers.

BitGold for Business enables users to send gold for free to any employee, anywhere in the world. There are no monthly fees, minimum payments, foreign exchange exposure or cross-border transaction fees.

Advantages of BitGold Business Payouts:

  • Send scheduled payments to many recipients at once
  • Send payments to recipients in different countries and different currencies
  • Faster and easier than writing business cheques or setting up multiple wire transfers
  • Recipients get paid instantly in vaulted and titled gold bullion; can hold gold, redeem to local currency, or redeem to multi-currency GoldMoney Prepaid Mastercards
  • Track payments easily
  • Time and cost effective

Ways to utilize batch payments in business:

  • Automate employee benefits or payroll
  • Shareholder dividends
  • Affiliate commissions and online marketing
  • Customer rebates
  • Gifts and incentives
  • Social media marketing campaigns and giveaways
  • Philanthropy and Impact Investing distributions

Business Account users can add employees and other payees via CSV or manually in their dashboard, linking them to their payroll list via email addresses or mobile phone numbers.

For more information on BitGold, visit bitgold.com. For more information on GoldMoney, visit ir.goldmoney.com.

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