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OysterHR Global Payroll

oysterhr.com
Summary

OysterHR provides a global payroll solution for businesses to manage and pay their international teams compliantly in multiple currencies. The platform streamlines payroll operations, offers transparent pricing, and integrates with existing HR systems, aiming to simplify global expansion for companies.

Features
10/15
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Must Have

3 of 5

Transparent Low Fees

Multi-Currency Account

Fast Transfer Execution

Mid-Market Exchange Rate Transfers

Borderless Debit Card

Other

7 of 10

API Integration

Business Account Features

Spending Analytics

Mobile App

Regulatory Compliance

Multi-User Access

Customer Support

Batch Payments

Real-Time Rate Alerts

Invoice Creation

Pricing
Subscription
See all

Contractor

$29.00 monthly
  • Generate compliant contracts in 180+ countries
  • Onboard contractors in minutes
  • Pay invoices in 140+ currencies
  • Manage expenses, time off, and more

Global Payroll

$25.00 monthly
Popular
  • 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

$699.00 monthly
  • 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

Custom
  • 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

OysterHR's Global Payroll service focuses on simplifying international payroll for businesses, allowing them to pay employees in multiple currencies and ensure compliance. While it handles multi-currency payments and offers transparent pricing, it does not explicitly mention mid-market exchange rates for transfers, nor does it offer a borderless debit card, which are core features of Wise. OysterHR is more of a B2B payroll solution rather than a direct money transfer and multi-currency account platform for individuals or businesses to manage their own funds and transfers at mid-market rates. However, it does share features like transparent fees, multi-currency capabilities for payroll, fast processing, API integration, business account features, reporting (spending analytics), mobile access, regulatory compliance, multi-user access, and customer support.