Contractors vs. EOR Employees
Omnivoo gives you two ways to engage people. Choosing the right one depends on the relationship and where the person is based.
If you’re hiring a full-time employee in India, use EOR. For everyone else (and for project or flexible work anywhere in the supported countries and territories) use contractors.
Where Contractors Can Be Paid
Omnivoo pays contractors in 220+ countries and territories, covering 177 of the world’s 195 recognised countries. Payouts are not available in a small number of places, almost all of them because of sanctions or active conflict: Afghanistan, Belarus, Cuba, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, South Sudan, Sudan, Syria, Ukraine, Venezuela, and Yemen. Barbados is also unavailable today.Coverage is checked when the contractor sets up their payout account. If their country is not supported, they cannot be paid through Omnivoo, so confirm it before you invite them.
How Omnivoo Fits In
For contractors, Omnivoo is the platform and payment rail, not the employer:- We generate a work agreement based on the contractor’s country and your billing terms.
- We run identity and compliance screening on the contractor during onboarding.
- We collect the contractor’s invoices and show them to you for approval.
- When you pay, you pay a contractor run to Omnivoo by bank payment, and we pay the contractor to their payout account through our secure payments partner. A run in USD is a single amount. A run in another currency is charged as the run amount plus the platform and processing fees, which are USD prices.
Before You Can Pay Contractors
There are two one-time steps for your company before you can invite and pay any contractor:- Complete your company profile so we can verify your business.
- Sign the Contractor Services Agreement (CSA) once. Until the CSA is signed, you can’t pay contractor invoices. See The Contractor Services Agreement.
How It Works End to End
Inviting a Contractor
1. Invite the contractor. Open the Add people flow and choose the Contractor card, then set their country, billing mode, rate, and terms.
Contractor Onboarding
2. The contractor onboards. A four-step wizard: Terms of Service, Identity verification (a live ID scan and selfie), Identity & tax details, and Documents.
Contractor Work Agreements
3. The work agreement is signed. Once the contractor’s identity verification is approved, signing their tax form, signing the work agreement, and adding a payout account appear as tasks on their dashboard. The contractor signs the agreement first, then you countersign.
Submitting Invoices
4. The contractor submits invoices. They bill you for hours or a fixed amount once the agreement is fully signed and their identity verification is approved.
Approving and Paying Contractors
5. You pay. Contractor invoices appear on the Pay page, where you pay them as a run, one or several together. A run pays one currency at a time.
Getting Paid: Payouts
6. The contractor gets paid. After your payment settles, Omnivoo pays the contractor to their payout account.