Running a 50-person contractor payroll in the Philippines in one batch
Upload a CSV or type the list, check the pesos figure on every line, confirm once. Fifty transfers go out over InstaPay or PESONet, each with its own notification and reference, for one fee line at 1% all-in.
Read this guide in Français · Filipino
Short answer. Build the list once — name, bank, account number, default amount — then each pay cycle is: open Run Payroll, confirm or edit the amounts (or upload a CSV), check the pesos figure on each line, and confirm. Storspay sends fifty separate transfers over InstaPay or PESONet, usually within minutes, each with the recipient's own reference and notification, and charges one fee line of 1% on the total.
The list
Each recipient is added once: name as it appears on the account, bank (BDO, BPI, Metrobank), account number, role, default amount and currency. Storspay verifies every account name with the bank at the moment you add it, so the list is clean before the first payroll.
The run
Open Run Payroll, pick the recipients, type amounts in dollars or pesos per line (or upload a CSV with name, country, bank, account, amount, currency — bad rows are named, not silently dropped). The footer shows the count, the subtotal, the 1% and the total charged. Review, confirm, done. Each person gets their own transfer and their own notification; your statement shows every line with its reference.
What happens if one fails
If one account rejects the credit — closed, frozen, mistyped — that one payment is returned to your balance with the reason, the other forty-nine are unaffected, and you fix the one line and resend. Nothing is held hostage to the slowest bank.
What is different about the Philippines
The Philippines is the world's second-largest BPO market and the home of the virtual assistant: millions of Filipinos are paid every fortnight by companies in the US, Canada, the UK and Australia. They are used to being paid to a BDO, BPI or UnionBank account by InstaPay in minutes — and to losing several per cent of each payment to the platform or the bank in between. Storspay delivers pesos at the mid-market rate with the 1% shown separately, and a fortnightly run for a whole team is one batch, one fee line, one receipt.
How a payment to the Philippines works on Storspay
- Fund your balance in USD (ACH or wire), CAD (Interac e-Transfer or EFT), GBP (UK bank transfer) or EUR (SEPA) — to account details in your own business name. Funding is free.
- Add the recipient once: their name as it appears on the account, the bank (BDO, BPI, Metrobank, UnionBank, Landbank, Security Bank, RCBC and the other BSP-supervised banks) and the account number. Storspay checks the account name before you confirm.
- Type the amount in either box. Enter what you want to send and see the pesos that land, or type the pesos figure on the invoice and see what it costs you. The rate is the mid-market rate; the 1% is on its own line.
- Confirm. The money goes over InstaPay or PESONet and usually lands within minutes — the same business day at most. The recipient gets a notification with the exact amount, and you get a receipt with the invoice reference.
Nobody in the Philippines has to sign up, install an app or touch anything other than their own bank account. Everything on the recipient side looks like an ordinary domestic transfer.
What it costs
Storspay charges 1% all-in on payments to the Philippines, with a minimum of US$2, at the mid-market rate. That one line covers conversion, settlement and delivery; there is no FX markup, no intermediary-bank charge and nothing deducted on the recipient side.
| You send | Storspay fee | They receive | A bank wire at ~6% delivers |
|---|---|---|---|
| US$1,000 | US$10 | ₱62,198 | about ₱59,057 |
| US$10,000 | US$100 | ₱621,984 | about ₱590,571 |
Rates in this guide are the mid-market rate on the day of writing (1 USD = 62.8267 PHP); the calculator on the homepage shows today's. Large payments are split automatically under the local channel cap, under one reference and one fee.
See what your team in the Philippines receives →
Questions businesses ask before the first payment to the Philippines
Is there a limit on batch size?
No practical limit. Large individual amounts are split under the local cap automatically under one reference.
Can I mix the Philippines with other countries in one run?
Yes. One batch can pay the Philippines at 1% and Nigeria, Kenya or Mexico at 2%, each line in its own currency, one total.
Can the batch be scheduled?
Yes — set it to run on the 1st and 15th, or any dates you choose, from your balance, with the same references.
Can you pay GCash or Maya?
Not yet — Storspay pays Philippine bank accounts today, and e-wallets are on the roadmap. Most GCash and Maya users also hold a BDO, BPI, UnionBank or Landbank account.
How fast does a peso payment land?
Usually within minutes through InstaPay; larger amounts may route through PESONet and land the same business day.
Does the contractor pay anything on their side?
No. You pay 1% all-in (minimum US$2); the contractor receives the peso amount shown. Their bank does not charge for an incoming domestic credit.
Who this is for — and who it is not for
Storspay is for businesses and organisations: companies, agencies, schools, hospitals, facilitators, foundations and sole traders paying other businesses and professionals for work, goods and services. A sole trader counts as a business and signs up in their own name.
What Storspay is not is a personal money-transfer service. We do not open personal accounts, and every payment has to be a business transaction: an invoice, a contract, a fee note, work delivered. Money to family and personal transfers are not what this is, and we would rather say so now than at verification.
See your own corridor number. What your team receives, what Storspay costs, what you keep — no sign-up.
Open the calculator →