Crypto & Fiat Payroll Platform

Comprehensive Payroll Solution for Traditional and Crypto-Native Companies

Franklin provides a unified payroll platform that enables businesses to pay employees and contractors in both traditional fiat currency and cryptocurrency while maintaining full U.S. tax compliance. The solution supports W2 employees, 1099 contractors, and global workers, with flexible payment options in USD, stablecoins, and cryptocurrencies across multiple blockchain networks.

U.S. Compliant W2 Payroll

Full Federal and State Tax Compliance

Franklin's payroll solution provides comprehensive payroll processing for W2 employees with automated tax reporting and filing, corporate registration across all 50 states, and quarterly and annual tax submissions. The platform automates payroll tax calculations, efficient filing and payment processing, and handles unlimited fast payments with 2-day ACH transfers.

Benefits Integration

Healthcare and retirement benefits integration with automated deductions including 401k and healthcare benefits. The system includes a self-service worker portal where employees can manage personal details, payment preferences, view W2s and paystubs, and submit payment requests.

HR Management Portal

Employers benefit from an intuitive HR management interface that allows administrators to quickly view their workforce, manage personal details, and update payroll information through a centralized People Portal.

Global Contractor Payments

Zero Cross-Border Fees

The contractor payments platform enables businesses to hire, pay, and manage contractors worldwide with zero cross-border fees through cryptocurrency payments. Multi-currency support allows distributing payments in USD, stablecoins, and cryptocurrencies within a single transaction batch.

Instant Cross-Border Transactions

The platform provides instant cross-border transactions by leveraging blockchain technology, eliminating traditional wire transfer delays and high international payment fees. Franklin handles comprehensive document management, automatically collecting and distributing tax forms including W9s and W8s for both U.S. and international contractors.

Self-Service Invoice Management

Contractors benefit from self-service invoice generation through their dedicated Worker Portal, where they can create and submit payment requests directly. The platform includes expense management capabilities and integrates with popular accounting systems for seamless reconciliation.

Cryptocurrency & Stablecoin Payroll

Multichain Payment Infrastructure

Franklin enables businesses to compensate employees and contractors in cryptocurrency and stablecoins while maintaining full tax compliance. The platform supports payments in major stablecoins (USDC, USDT, DAI) and cryptocurrencies across multiple blockchain networks including Ethereum, Arbitrum, Polygon, Optimism, Avalanche, Base, Celo, and Linea.

Automated Tax Reporting for Crypto

Crypto payroll includes automated tax reporting with proper cost basis calculations for cryptocurrency compensation, generating compliant W2s and 1099s that reflect crypto payments in USD value. The platform handles the unique tax implications of paying employees in digital assets, including withholding calculations and year-end reporting.

Non-Custodial Control

Key features include non-custodial wallet control where companies maintain full custody of their crypto assets, gas-subsidized transactions that reduce payment costs, and seamless fiat-to-crypto conversion for companies that receive revenue in traditional currency but want to pay in stablecoins.

Bankless Payroll Operations

Complete On-Chain Operations

Franklin's Bankless Payroll solution allows companies to run entire payroll operations without traditional banking infrastructure, using only cryptocurrency and stablecoins. The platform enables complete financial operations including employee payroll, contractor payments, vendor bills, and invoice collection without ever touching traditional banking systems.

DeFi Treasury Integration

Bankless Payroll includes stablecoin-first payroll processing where all compensation is distributed in USDC or other stablecoins, on-chain treasury management with DeFi yield opportunities on idle funds, and gas-subsidized transactions that make small payroll payments economically viable.

Tax Compliance Without Banks

The solution includes all tax compliance features of traditional payroll, generating proper W2s and 1099s despite operating entirely on-chain. The platform handles tax withholding, quarterly filings, and year-end reporting while never requiring a traditional bank account. Franklin has processed over $20 million in bankless payments, demonstrating the viability of fully crypto-native business operations.

Multichain Payment Technology

Franklin's multichain payments infrastructure enables businesses to process payments across multiple blockchain networks in a single unified workflow. Businesses can batch payroll or bill payments across different networks in a single transaction, paying some recipients on Polygon while others receive funds on Arbitrum, all executed simultaneously. The platform abstracts away blockchain-specific complexities like gas token requirements and provides automatic network routing to optimize payment execution.

Pricing

• Starter Plan: $50/month for teams of 3 or fewer
• Premium Plan: $75 platform fee + $12 per employee/contractor per month (includes health and financial benefit integrations)
• Contractor Plan: $15 per contractor paid per month