How to Change a Contractor's Receiving Currency? – Remofirst

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What’s This About?

This article helps you change the receiving currency for a contractor, ensuring they receive payments in the correct currency according to their preference or the agreement.

Step-by-Step Instructions

Follow these simple steps to update a contractor’s receiving currency in your payment system.

1. Navigate to the Contractor’s Profile

To start, you need to access the contractor’s profile in your system or payment platform.

Find the Contractor: Search for the contractor whose receiving currency needs to be updated under “Team” Tab from the side.
Select Profile: Click on the contractor’s name or profile to open the details page.

2. Access job details

Once you're in the contractor’s profile, the next step is to locate the job details.

Go to Job details: Look for a section titled “Job Details”.
Edit receiving currency: Within this section, you will find options related to the contractor’s payment method and currency.

3. Select New Currency

Choose Currency: There should be a dropdown menu or an option to select a new currency. Choose the desired currency from the list.

4. Confirm Changes

Once you've selected the new currency, it’s important to confirm all changes before finalizing.

Review Currency Change: Double-check that you have selected the correct currency. Mistakes at this stage can result in payments being sent incorrectly..

5. Save and update contract

Save the Changes: Click “Save” to save the new currency settings.
New Contract: Once you save you will be promoted to update the contract. choose the desired method to update the contract based on these changes done.

Troubleshooting Tips

Here are some common issues you may encounter when changing a contractor’s receiving currency and how to resolve them.

Q: The contractor’s currency isn’t available in the dropdown menu. What should I do?
A: If the desired currency isn’t listed, check if the employee information are correct.

Q: I accidentally selected the wrong currency. How can I fix it?
A: If you made a mistake while selecting the currency, go back to the contractor’s job details and change it again. Be sure to save the updated information once you've selected the correct currency.