Oyster
oysterhr.comSummary
Oyster is a global employment platform designed to simplify hiring, onboarding, and paying international contractors and full-time employees. It provides tools for compliant hiring, streamlined payroll in multiple currencies, and HR management across over 180 countries. The platform aims to reduce administrative burden and ensure legal compliance for distributed teams.
Features8/15
See allMust Have
2 of 5
Transparent Low Fees
Fast Transfer Execution
Mid-Market Exchange Rate Transfers
Multi-Currency Account
Borderless Debit Card
Other
6 of 10
API Integration
Business Account Features
Mobile App
Regulatory Compliance
Multi-User Access
Customer Support
Batch Payments
Real-Time Rate Alerts
Invoice Creation
Spending Analytics
PricingSubscription
See allContractor
- Generate compliant contracts in 180+ countries
- Onboard contractors in minutes
- Pay invoices in 140+ currencies
- Manage expenses, time off, and more
Global Payroll
- Run multi-country payroll from one platform
- Pay your employees accurately and compliantly
- Receive support from our payroll specialists
- Generate payslips and reports
- Integrate workflows with your HRIS
Employer of Record
- Hire full-timers compliantly in 130+ countries
- Onboard talent in as fast as 48 hours
- Run payroll in 140+ currencies
- Receive guidance from global HR experts
- Reduce risk with confidentiality and IP assignment agreements
Scale
- Everything in Employer of Record
- Enjoy reduced annual rates
- Reuse seats at no extra cost
- Benefit from speedy bulk onboarding
- Access dedicated account manager, robust customer support, and success resources
Rationale
Oyster is a global employment platform that helps businesses hire, onboard, and pay international contractors and full-time employees. While it facilitates international payments, its core offering is HR and compliance management, not direct money transfers or multi-currency accounts for individuals/businesses in the same way Wise operates. It does offer transparent pricing and fast payments, and has an API for integration. It also provides business account features, mobile app, regulatory compliance, multi-user access, and customer support. However, it does not explicitly mention mid-market exchange rates, borderless debit cards, or real-time rate alerts, which are key features of Wise.
