Could I have a breakdown of the invoice charges?
Below you will find the different line items you will see on an invoice, with a corresponding description. If you have further questions, please reach out to Velocity Global through your normal process, and we will help you.
13th-Month Payout. Amount paid each month to compensate your supported employee for their 13th-month salary.
14th-Month Payout. Amount paid each month to compensate your supported employee for their 14th-month salary.
Allowances. Payment of an allowance. Examples of this are car, cell phone, or fitness allowances.
Bonus. Additional remuneration added to your supported employee's payment.
Compensation. The amount of money your supported employee receives in exchange for their services.
Commissions. Additional remuneration added to your supported employee’s payment due to sales generation.
Employer Burden—Social Security. Contributions to Spain’s general social security fund, which covers sickness, maternity, unemployment, etc.
Employee Expense. Payment of an expense.
Velocity Global EOR Fee. Velocity Global’s fee.
Wire Transfer Fee. Payment for the cost of a wire transfer.