Bold handles payout processing for companies that pay large amounts of contractors, freelancers, or other non-employee entities.
Something we've noticed is that a lot of companies have to utilize multiple payout services in order to have access to payout methods or the ability to send together. Which means more time, more confusion, and greater cost.
Bold is the single platform needed for this coverage. With the ability to send money around the world via direct deposit, check, wire, PayPal, and other networks, you don't need to piece together a comprehensive payout solution.
Bold payout platform consists of two core activities (Onboarding Recipients, Sending Payouts) which are both available in three different methods (Manual, Batch, API).
Clients may use any of the methods as well as mix. A typical situation might consist of adding recipients via API, paying out via a weekly batch file and performing incidental payouts manually.