How to Pay a Virtual Assistant in the Philippines?

In today's global workforce, hiring virtual assistants (VAs) has become a game-changer for businesses. Whether it's administrative support, content creation, customer service, or digital marketing, companies are increasingly leveraging remote talent. One of the biggest challenges, however, is making payments across borders efficiently and cost-effectively. This is where Wise.com (formerly TransferWise) stands out as a go-to solution for employers paying their virtual assistants worldwide.

Blog Outline

• What is Wise.com?

• Why Employers Choose Wise.com for Paying Virtual Assistants

• How to Pay Your Virtual Assistant via Wise

• My Personal Experience with Wise as a Virtual Assistant

What is Wise.com?

Wise.com is a leading international money transfer service designed to provide low-cost, transparent, and fast cross-border payments. It enables individuals and businesses to send money across 160+ countries at real exchange rates with minimal fees. Unlike traditional banks, Wise eliminates hidden charges, making it an attractive choice for employers managing a global workforce.

Why Employers Choose Wise.com for Paying Virtual Assistants

1. Low and Transparent Fees

Traditional banks and other payment platforms often charge hefty fees for international transactions, including hidden markups on exchange rates. Wise, however, offers transparent pricing with a small, upfront fee, making it one of the most cost-effective payment options for businesses.

2. Real Exchange Rates (Mid-Market Rates)

Wise provides mid-market exchange rates, meaning employers don’t lose money on inflated conversion rates. Many banks and payment providers add a hidden markup to the exchange rate, but Wise ensures you get the best possible value for your transfer.

3. Fast Transfers

Virtual assistants rely on timely payments, and Wise delivers. Most transfers are completed within minutes to a few hours, depending on the recipient’s country and payment method. Compared to traditional bank wire transfers, which can take several days, Wise is a much faster alternative.

4. Multi-Currency Business Accounts

Wise offers multi-currency accounts that allow businesses to hold, send, and receive payments in different currencies. This feature is beneficial for employers who work with virtual assistants across multiple countries, as they can pay in their VA’s local currency without additional hassle.

5. Easy Integration & Automation

Employers can automate VA payments through Wise’s batch payments feature or by integrating Wise with their accounting software, such as Xero or QuickBooks. This simplifies payroll management for businesses hiring multiple virtual assistants.

6. Secure and Reliable

Security is a top priority for Wise. The platform is regulated by financial authorities worldwide, ensuring safe transactions and compliance with international banking standards. Employers can confidently send payments knowing their funds are secure.

How to Pay Your Virtual Assistant via Wise

Paying virtual assistants using Wise is straightforward:

1. Sign up for a Wise business account (or personal account if making payments as an individual).

2. Add funds to your Wise account via bank transfer, credit/debit card, or other available options.

3. Enter the VA’s payment details, including their preferred currency and local bank account information.

4. Review the fees and exchange rates, ensuring full transparency before confirming the payment.

5. Send the payment, and the VA will receive the funds quickly, often within minutes.

   
   

My Personal Experience with Wise as a Virtual Assistant

As a Virtual Assistant, I have been receiving payments via Wise for almost 10 years already. Throughout those times, I'm satisfied and amazed at the speed of the arrival of my salary. I haven't even received the notification yet in my email but the salary already reflected on my account.

If you want your Virtual Assistant to not be anxious due to lengthy transfer processing time, I highly recommend Wise.

If you're hiring a virtual assistant or already managing a remote team, consider switching to Wise for efficient, secure, and cost-effective payments worldwide.