When starting a business, one of the most important decisions you’ll make is how to pay your employees. There are a few different options available to businesses on BigCommerce, and each has its own benefits and drawbacks.
Option 1: Pay your employees with direct deposits
One of the most common ways to pay your employees is to simply have them bank their salaries directly into their bank account. This is a simple and convenient option, and it can be a great way to avoid any late payments or bounced checks.
However, one downside of this approach is that it can be difficult to track your employee’s earnings. If your employees are paid using direct deposits, you’ll have to keep track of their bank account numbers and balances yourself.
Option 2: Use payroll services
If you don’t want to deal with bank account numbers and balances yourself, you can use a payroll service to manage your employee’s pay. These services can help you to track your employee’s earnings and payments, and they can also provide you with a range of other financial management tools.
PRO TIP: The following is a warning note about getting paid on BigCommerce:
BigCommerce does not currently offer direct deposit for payments. If you are looking to get paid via direct deposit, you will need to set up a third-party payment processor such as PayPal or Stripe. You can find more information on setting up a third-party payment processor here:
https://support.bigcommerce.com/articles/Public/How-do-I-set-up-a-third-party-payment-processor
One downside of using a payroll service is that they can be expensive, and they may not offer the same range of financial management tools as some of the more popular alternatives.
Option 3: Use a payment gateway
Another option is to use a payment gateway to manage your employee’s pay. These services can help you to process payments from your customers, and they can also provide you with a range of other financial management tools.
One downside of using a payment gateway is that they can be expensive, and they may not offer the same range of financial management tools as some of the more popular alternatives.
Overall, there are a few different options available to businesses on BigCommerce when it comes to paying their employees. Each has its own benefits and drawbacks, and it’s important to consider which one is best suited to your specific needs.
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