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.
Currency conversion fees
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. WISE will take a conversion fee for carrying out the transaction.
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. You may always accept the payment in the original currency, however, your bank may take out a currency conversion fee if your bank account is denominated in a different currency.