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⍰ ASK How do huge companies pay offshore employees?

Huge companies pay their offshore employees through various means, depending on the location of the employees and the company's policies. Some common methods include:

  1. Direct Deposit: This involves transferring salary directly into the employee's bank account. This is a secure and convenient method of payment and is widely used by many companies.
  2. Wire Transfer: Companies can send funds from their home country to the employee's bank account in the foreign country through a wire transfer.
  3. Payroll Cards: Some companies may provide payroll cards to their offshore employees, which work like debit cards and can be used for making purchases and accessing funds.
  4. Physical Checks: In some cases, companies may send physical checks to their offshore employees, who can then cash them at their local banks.
  5. Payroll Services: Companies can also use third-party payroll services, which handle payroll processing and payment of salaries to employees in foreign countries.
 

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