Contract Payment Process
We recognise the importance of turning around contractor payments as quickly as possible.
We never hold on to funds for longer than needed and have one of the fastest turnarounds on payments in the industry.
- We reconcile our bank 4 times each day ensuring international payments are allocated and paid out as soon after receipt as possible.
- All of our international payments are made by ‘international priority payments’ ensuring currency payment are sent as swiftly as possible.
- We cover the cost of sending the payment by ‘international priority payment’ from our bank account. Most companies send by SEPA, which is significantly cheaper but takes 2-4 days longer to reach the contractor.
- For contractors being paid in different currencies we have relationships with some of the best FX companies offering preferential exchange rates to 6CATS contractors.
- We run 4 UK payrolls each day ensuring our UK contractors are paid as soon as we receive funds from our agency clients.
- All of our UK to UK transfers are sent by ‘Fasterpay’ at our cost ensuring the contractor receives funds within hours of 6CATS running the payroll.