Can I schedule payments for my contractors through Qwil?
Qwil has a new feature that allows platform admins to schedule payments to contractors on a specific date. If you are interested in signing up as a beta user for this feature, please reach out to our support team at firstname.lastname@example.org.
How do I schedule payments for my contractors?
You will first need to reach out to email@example.com to be setup as a beta user for our scheduled payments feature. Once setup, you will see the Schedule Payment option towards the bottom of your screen when you click "Add Earnings" from your Earnings Dashboard in Qwil.
When will my contractors receive their earnings after I schedule the payment?
When you schedule a payment, the date you set is the date that your linked company bank account will be debited for the amount entered. The payment will be released to your contractors 3 business days later once the funds settle from your account. Since payments are expected to take 1 - 2 business days to deposit to your contractors' linked accounts after the settlement period ends (assuming they are located in the U.S.), we recommend scheduling the payments at least 5 business days in advance of when you would like your contractors to receive their earnings. Please note that we recommend adding additional business days into the scheduled payment for contractors outside of the U.S. as the deposit timing to international accounts varies depending on the bank and country.
The calendar view below shows an example scheduled payment to a contractor in the U.S., in terms of when your company account will be debited and when your contractors are expected to receive their earnings.
Example scheduled payment
*Direct deposit via ACH takes 1-3 business days to transmit (for larger banks the payment will land the next business day). The exact deposit day may vary slightly based on the contractor's payment method and bank details. For international payments, there may be extra payment delivery time based on the country.
How can I track earnings that I have scheduled in Qwil?
Once you schedule a payment, you will see it listed in your Earnings tab in Qwil. The Creation Date is the date that you entered the scheduled payment into Qwil. Our team is currently working to improve this interface so that it is easier to track which payments you have added via the regular process versus those that are scheduled for a specific date.
How can I share feedback regarding this new feature?
We would love to hear your feedback so we can continually improve this feature. Please send any feedback to firstname.lastname@example.org and we will make sure it is passed on to our product and tech teams.