SEND003 — B2B Employer Payments

Modified on Thu, 30 Jul at 6:09 PM

In many corporate structures, corporate policies or vendor agreements require that incentive payouts (such as SPIFFs, sales commissions, or contractor rewards) be sent directly to the employer company rather than to individual employees or contractors.

Xtrm's B2B Employer Payments model allows remitters to dispatch bulk funds to partner companies alongside an itemized employee distribution breakdown, giving the beneficiary employer full oversight and control over final disbursement.

What is an Employer Payment?

An Employer Payment routes funds directly to a partner, vendor, or distributor company's Xtrm wallet instead of directly crediting individual worker balances.

B2B Employer Payment Flow

Payment Options

After the employer receives the lump sum payment in their Xtrm Wallet, they can choose one of the following actions:

Option A: Distribute Funds

Allocate the received funds to individual employee digital Xtrm wallets.
Payments are distributed based on the employee payment breakdown provided by the remitter.
Employees receive their own wallet notification and can choose their preferred payout method, if applicable.

Option B: Transfer Funds

Transfer the full lump sum directly from the employer's Xtrm Wallet to a linked business bank account via ACH or Wire Transfer.
Additional payout methods may be available depending on the employer's program configuration and region.

Benefits for Beneficiary Companies

Corporate Compliance: Maintains corporate policy control over employee incentive programs, commissions, and SPIFFs.
Flexible Execution: Employer administrators can either pass through funds directly to individual employees' digital wallets or absorb the funds into company accounts.
Transparent Reconciliation: Provides full visibility and line-item breakdowns of every reward recipient and amount owed.

How Employers Manage Received Payments

When an Employer Payment arrives, the designated finance contact receives an automated email alert.

Logging In

Access your account at xtrm.com.
Log in using the email address where the payment notification was received.
(If you forgot your password, reset it via Xtrm Forgot Password or contact support@xtrm.com).

Step-by-Step Employee Disbursement Guide

1. Access Wallet Details:

Log in to your Xtrm Company Account, navigate to Wallets, locate the wallet containing the Employer payment, and click Details.

2. Initiate Payment Processing:

Click Process Payments to view the itemized breakdown of individual employees/contractors and their designated reward amounts.

3. Review Line Items:

Verify the list of individual payment recipients and amounts, then click Next.

4. Confirm Payment Summary:

Review the total disbursement amount and click Next to proceed to the final confirmation screen.

5. Dispatch Funds:

Click Send Now to immediately execute the transfers into your employees' individual digital wallets.