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Typical setup timeline: signup → first successful payment

Most companies can go from signup to their first successful payment in 24–48 hours, assuming the required information is provided and funding is sent on time. In some cases, Compliance may request extra documents, which can extend the timeline.

Timeline overview (end-to-end)

Step 1 — Company signup + application review (same day)

  1. You complete the signup form in Bitwage Business.

  2. Our team reviews your application.

Typical time: within the 24–48 hour window.

What can extend this step: If Compliance needs additional verification, we’ll request EDD (Enhanced Due Diligence) documents or ask follow-up questions.

Where you’ll see requests:

  • Inside the platform (action required / requests)

  • You’ll also receive an email notification

Step 2 — Compliance requests (EDD) if needed (varies)

If your application requires additional review, you may be asked to:

  • Upload extra documents

  • Provide clarification on business activity, source of funds, or related questions

Typical time: depends on how quickly documents are submitted and reviewed.

Tip: Responding quickly inside the platform is the fastest way to keep onboarding moving.

Step 3 — Approval + invite workers/recipients (same day)

Once your company is approved:

  1. Go to Recipients

  2. Invite your workers (employees or contractors) through the platform

Workers will receive an email invitation.

 

Step 4 — Worker account setup (about 5 minutes per worker)

If workers have their details ready, setup is fast (about 5 minutes):

 

  • Confirm email/phone (if prompted)

  • Choose how they want to receive funds (local currency, crypto, or split)

  • Add bank account and/or crypto wallet details

Tip: The fastest first payroll happens when workers complete setup before you create the payroll.

Step 5 — Create and run your first payroll (same day)

Once recipients are onboarded, go to Payroll and create your first payroll (one-time or recurring). You’ll be able to review the payroll and confirm totals before submitting.

Step 6 — Fund the payroll (typically ~24 hours to reach our bank)

After the payroll is funded, it can take around 24 hours for funds to arrive to Bitwage’s bank account (timing depends on the funding method and banking rails).

 

Step 7 — Bitwage deposits to recipients (same day funds arrive)

Once funds arrive to our bank, we deposit the money that same day to recipients based on their payout setup.

What a “fast” onboarding looks like

  • Company submits signup correctly ✅

  • No EDD needed ✅

  • Workers accept invites + complete setup same day ✅

  • Company funds payroll early ✅

    → First successful payment can happen within 24–48 hours

Common delays (and how to avoid them)

  • EDD requested: submit documents ASAP in-platform

  • Recipients incomplete: remind workers to finish setup before payroll

  • Funding timing: send funding early to account for bank transfer time