Deel for Small Businesses: Searching for a Remote Payroll Services Company — The 2024 Guide

Deel for Small Businesses: Searching for a Remote Payroll Services Company — The 2024 Guide

Deel for Small Businesses: Searching for a Remote Payroll Services Company — The 2024 Guide

  • If you need to run payroll or hire team members in different countries across the globe, you might want to consider Deel. 
  • Deel is a global HR platform with a mission to streamline international payroll and hiring, with positive reviews for its ease of use and customer support team. 
  • In this comprehensive Deel review, learn what Deel is, interesting Deel features, and whether this global payroll service can help you manage your new and future team members around the world. 

What Is the Deal with Deel? 

Deel is a software-as-a-service provider based in San Francisco. The company was founded in 2019 as a professional employer organization (PEO), which is basically an external company that performs all human resources (HR) tasks for your employees. Deel can also act as the employer of record (EOR), or the legal employer, for global employees. The company has hired over 150,000 people for businesses and startups worldwide.

The most notable Deel features include:

  • Domestic or international hiring solutions: Deel can hire contractors, freelancers, full-time or part-time employees from over 100 countries around the world. Get visa and immigration support if needed, and Deel will make sure you stay compliant.
  • Global HR solutions: Send equipment, find flexible workspaces, and manage your international team through Deel HR. The service offers over 20 integrations for software like Bamboo and Bob. 
  • International payroll solutions: Deel payroll operates over 100 countries and don’t worry about local tax laws, compliance, or benefits. Deel can also act as the PEO for your U.S.-based teams.

In other words, Deel is an HR platform that makes hiring and paying remote teams all over the world a lot easier. 

Is Deel Trustworthy as a Global Payroll Services Company? 

It can be hard to trust a new company with important parts of your business, like making sure you hire the right people and that your employees get paid. And using a remote payroll service can seem daunting if you haven’t done it before. Although Deel is not yet accredited by the Better Business Bureau (BBB), it has overall positive ratings. Its Trustpilot ratings are very good (4.8 out of 5 stars at the time of writing). 

The company is also trusted by powerhouses like Nike, Dropbox, and Shopify, as well as over 20,000 other businesses. Deel promises a 24/7 in-app response from the Deel team, as well.

Does Deel Do U.S. Payroll? 

Yes, you can use Deel payroll to pay your employees based in the United States. Deel can help you hire employees, as well as manage the entire payroll process, HR, and benefits for your employees in the U.S. If you have employees in both the U.S. and in other supported countries, you can manage payroll for all your employees together in your Deel platform. 

Is It Easy to Work With Deel as a Small Business? 

As you know, running a small business is no easy feat. Whether your business has a global team or a fully domestic group of workers, Deel could be a good option to offload all the little tasks that take up your limited time. From onboarding and offboarding when you hire employees to running payroll every two weeks, outsourcing this work can help you feel supported on your small business journey. 

Deel’s customer support and its functionality is well rated, so if Deel is in your budget, it could be a valuable addition to your toolbelt.

Let’s take a quick look at Deel pricing at the time of writing:

  • $0 (and up) for Deel HR
  • $599 (and up) per month for EOR services (final price depends on the number of 
  • $49 (and up) per month for contractors
  • Must call for cost of global payroll and immigration services

However, Deel typically works with startups or enterprise businesses, so if you have a very small business, you may want to look at the alternatives listed at the end of this article.

How Do Your Employees Get Paid in Deel? 

Deel manages the payroll process from start to finish and handles the associated risks. It will do the math for you on taxes and local fees, as well as stay up to date on local laws to make sure you stay compliant. 

Payments happen together in one invoice each month or bi-monthly, and you’ll be able to pay full-time employees and contractors at the same time.

Your payment options are:

  • ACH electronic transfer
  • Single Euro Payments Area (SEPA)
  • Bacs payment
  • Pre-authorized debit (PAD)
  • Brex
  • Credit card
  • Debit card
  • Manual bank transfer
  • Wise transfer 
  • Mercury transfer
  • Crypto currency transfer (through specific crypto providers)

Deel customers can set up several types of payments:

  • Fixed payments: Pay full-time employees a fixed amount once or twice per month.
  • Milestone payments: Pay per project (as many times as needed). 
  • Variable payments: Hourly employees submit their timesheets for approval.

Also, you can pay contractors with a Deel Advance up to 30 days early. 

What Currencies Does Deel Pay? 

Deel accepts most global currencies. You can pay employees in over 120 currencies, including several types of crypto currencies, as well as gold and silver currencies. 

A sample of the supported currencies include the:

  • Argentine Peso 
  • Australian Dollar 
  • Bahamian Dollar 
  • Swiss Franc
  • Canadian Dollar
  • Egyptian Pound
  • Hong Kong Dollar
  • Naira (Nigeria)
  • Philippine Peso 
  • Russian Rubel
  • Turkish Lira
  • US Dollar

Do I Have to Worry About Compliance If I Use Deel for Payroll Management? 

Deel will manage the compliance part of maintaining a global staff. The Deel team is global itself, so the on-the-ground teams keep up with local labor laws and compliance changes. That means you don’t have to worry about it. 

Deel can manage compliance for immigration and visas in 25 countries around the world, and payroll and hiring in over 100 countries. 

Overall Pros and Cons of Using Deel for Payroll Services

Deel Alternatives

If you want to shop around for Deel alternatives, here are some other options worth looking into. Some of these options offer their own payroll software, while others offer integrations with global payroll software.

Oyster HR

Oyster can hire and manage workers in over 180 countries around the globe, and pay workers in over 140 currencies. The EOR services will take care of the compliance side of hiring and paying workers in other countries. Reviews say Oyster has a very user-friendly interface and is easy to use. 

Paychex

Remote

Remote has excellent user reviews and offers a global HR platform for businesses. It can act as your employer of record, manage contractors, deal with global payroll, and more. There is also human resource information system software and self-service features for employees.

Rippling

RUN Powered by ADP®

Workday

Workday offers global services with an AI-embedded platform. Workday is for businesses looking for enterprise resource planning software that can help with more comprehensive needs, like finance, HR, payroll, and analytics. User reviews are good, but Workday typically supports mid-size or large businesses, so it might not be the best fit if you’re a small business.

Nav’s Verdict

If you’re looking to simplify your global onboarding process and employee management system, Deel could be a good option for your business. Pricing is based on the number of contracts you have running, and the user reviews are overall positive. However, if you run a small or very small business, you may want to consider alternatives that are more suited to your size of business.

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