Outsourced Filipino staff get paid in Philippine pesos, deposited into local bank accounts like BDO. Your employer converts whatever currency you use to pesos before it reaches them. Most OFS don't have foreign currency accounts.
So when you pay your people, no matter what happens, they're going to receive their money in Filipino pesos. They're going to get their money into their Filipino peso bank account in the Philippines. They most likely only have an account in the Philippines. They're unlikely to have a US Dollar bank account or a bank account in the US Or Australian bank account. They're unlikely to have any of that stuff. It's possible. It's just unlikely. So what they are likely to have is an account in the Philippines at their local bank, and it could be a national bank. BDO is a common one. Or there's like 10 banks that are really, really prevalent in the Philippines. So you're going to pay them. No matter how you pay them, it's going to get converted into Filipino pesos, and it's going to show up in their bank account in Filipino pesos.
Stop Being the Dispatcher, Start Being the CEO: How to Scale Your Field Operations 🛠️
