Depending on your work status and your legal requirements we have a different set of payment options and fees for your service:
For Individuals (4%):
Our service allows you to receive money as an individual, without having to start a company or register as a sole trader. As a part of the service, we handle the financial reporting, administration, and withholding of taxes*, that you otherwise would have to handle, if you would set up a company. With this service, the money will be transferred to your bank account within seconds. The fee for this service is 4%
*In Sweden, we withhold social contributions as well as income tax, whenever this is the case it will be clearly specified when accepting the payout.
For companies and sole traders (0-2%):
Automated (2%): Skip the work of making your own invoice. By using self-billing we create the invoice for you and transfer the money within seconds to your bank account. This service has a fee of 2%.
Manual invoice (0%): The service is free but you have to send us your own invoice to Gigapay. The invoice will be paid after 15 days if you have followed our invoice instructions* accordingly.
*The invoice instructions will be shared with you once the payment is available.
When there is a currency conversion on the payment we process the payment via Wise banking service. Wise is used for any other currency than SEK. This service carries a small fee at conversion.
Please note that the amount you see during a currency conversion is an estimated amount that includes the fee. The real amount will be done during the transaction and might differ slightly.