It seems like this is solving the easy part of payroll. The actual "moving dollars between accounts" bit I just assume works fine with all payroll providers. It's getting taxes and deductions and bonuses and multiple states correct, and getting good reporting.<p>This product might be cheaper than what we do now, but the landing page does not convince me it's better.<p>(Disclaimer: HR & payroll is not my department.)
There are Bitcoin related startups which are run by people with no experience in either finance, cryptography, or security. Hopefully you guys are very strong in this background. I don't see any personal profiles on the site. Codelitt Incubator has no names either which is even more concerning.
First of all, this is an awesome idea, and I can tell you from personal experience that payroll automation is still gaining momentum in the California small business community.<p>I noticed you chose ZenPayroll's pricing model, without having all the features of ZenPayroll. The most important ZP features are automating tax filings, both quarterly and yearly. Also, contractor payments and integration to FreshBooks. These are all the essential ingredients of a payroll solution- the bitcoin aspect is cool but I don't really care much about it.
Nice to see some more people in the payroll space.<p>Very interested to hear how you are handling fraud/risk with bitcoin and with split payments (what happens when you need to clawback a payment half of which was made through USD/ACH and half through BTC?).
It would be rad to be able to pay in Bitcoin as the employer. Any thoughts there? It would help your model as you'd get to save trade fees by having an internal trading desk essentially.