Running a 50-person contractor payroll in Thailand in one batch

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 baht figure on each line, and confirm. Storspay sends fifty separate transfers over the domestic interbank rail, 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 (Bangkok Bank, Kasikornbank (KBank), Siam Commercial Bank), 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 baht 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 Thailand

Thailand is a manufacturing and tourism economy with a deep banking system: every supplier, hotel and studio has a Bangkok Bank, KBank, SCB or Krungthai account and domestic transfers land in seconds. Thai recipients are precise about baht amounts — invoices are issued in baht and the accounts team expects the exact figure — and they are tired of inbound wires that arrive a few per cent short after the correspondent bank and the receiving bank's FX desk have taken their cut. Storspay pays the baht figure on the invoice at the mid-market rate, with the 1% on its own line.

How a payment to Thailand works on Storspay

1. 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.
2. Add the recipient once: their name as it appears on the account, the bank (Bangkok Bank, Kasikornbank (KBank), Siam Commercial Bank, Krungthai, Krungsri, TMBThanachart and the other Bank of Thailand-licensed banks) and the account number. Storspay checks the account name before you confirm.
3. Type the amount in either box. Enter what you want to send and see the baht that land, or type the baht figure on the invoice and see what it costs you. The rate is the mid-market rate; the 1% is on its own line.
4. Confirm. The money goes over the domestic interbank rail 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 Thailand 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 Thailand, 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.

Rates in this guide are the mid-market rate on the day of writing (1 USD = 33.5341 THB); 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 Thailand receives →

Questions businesses ask before the first payment to Thailand

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 Thailand with other countries in one run?

Yes. One batch can pay Thailand 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 PromptPay?

Not yet. Storspay pays Thai bank accounts by account number today; PromptPay is on the roadmap. Every PromptPay ID is linked to an ordinary bank account you can pay now.

Will the recipient's bank ask for documents?

For most business payments, no — the money arrives as a domestic baht credit. At or above the equivalent of US$50,000 the recipient's bank completes a Foreign Exchange Transaction Form; your invoice and the Storspay receipt are what they ask for.

Can I pay a Thai hotel or supplier in baht for a quote they gave me in US dollars?

Yes. Type the dollar amount and Storspay shows the baht figure at the mid-market rate; or type the baht figure on their invoice and see the dollars it costs — both boxes are editable.

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.