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The Payments page under Contractors is your hub for everything owed and paid: upcoming amounts, payment history, and per-payment detail. Payments are grouped into payment runs, and each row shows its type (Scheduled or On-demand), due date, amount, and status.

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Scheduled payments

Contractors on an invoice schedule are paid automatically each period:
  • Fixed-rate contractors are paid their period rate, prorated for partial periods
  • Hourly contractors are paid for approved timesheet hours (skipped if no hours were approved)
  • Terminated contractors are still paid for work before their end date
US contractors and international contractors on the same schedule are handled in the same payment run — Bolto splits the funding and payout mechanics behind the scenes.

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On-demand payments

For task-based work or one-off payments, use Make on-demand payment:
  1. Name the payment and set the pay period it covers
  2. Select contractors and enter the amount for each — for hourly contractors you can enter hours instead, and for US contractors you can add reimbursements
  3. Review the per-contractor amounts and fees, then submit
Every contractor in the payment must have completed their payment setup — Bolto names anyone who hasn’t so you can chase them before paying.
US contractors are paid on the next available payday (payroll processing timelines apply). For US contractors you can also add them directly to an on-cycle or off-cycle payroll run while it’s in draft.

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Funding and Auto-Pay

Configure funding under Payments → Settings. If you run US payroll, US and international contractor payments each have their own bank account and Auto-Pay toggle.
  • US contractor payments are debited from your payroll bank account.
  • International contractor payments are funded through a Bolto invoice charged to your bank account (ACH). The cross-border payout begins once your funding payment is in flight.
Auto-Pay on: scheduled and on-demand payments are charged to your bank automatically, and scheduled US runs are approved automatically. Auto-Pay off: each scheduled US run is created as a draft for you to review and approve (you always get at least 24 hours before the approval deadline), and each international invoice is emailed for you to pay manually — on-demand invoices give you 7 days to pay. Auto-Pay requires a default bank account on file.

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Fees

  • Fees are always shown on the review step before you send a payment.
  • International payments include payment-processing and currency-conversion fees, billed on the funding invoice as a single line item. Transfer fees are covered by you — contractors receive the stated amount.

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Payment statuses

A payment run rolls up to the most urgent status of its payments. Contractors see their own payment history — with gross pay, reimbursements, and totals — in their portal, and US contractors can download PDF pay statements.

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Tax documents

For US contractors, Bolto files Form 1099-NEC at year end. Forms appear on the contractor’s Documents tab (your view) and in the contractor’s own portal. International contractors are responsible for their own local tax obligations — see Contractor Payments for the responsibility breakdown.