We are introducing a new option for users who work with VEYYO through SWAPD: subcontractor contracts. These contracts are not mandatory and are not required to use the platform. They are simply a tool we can provide to subcontractors who want a formal agreement in place for accounting, tax, and banking purposes.
Why a subcontractor contract can be useful
- Invoicing and tax compliance: Having a signed subcontractor agreement allows you to issue proper invoices directly to SWAPD for services rendered. This can be helpful for tax deductions, bookkeeping, and professional record keeping.
- Global payments: Many banks and payment providers (especially when handling large or frequent wire transfers) will require you to show a contract in order to justify payments. Having a subcontractor agreement in place makes it easier to receive and send funds globally without unnecessary delays or freezes.
- Transparency with authorities: For freelancers and companies, being able to provide a valid service contract often simplifies audits, cross-border compliance, and proof of legitimate business activity.
- Professional structure: Subcontractor contracts help give your business more credibility when dealing with your own banks, accountants, or even government agencies.
How it works
- Contracts are issued only upon request. If you want one, contact us via support.
- Once a subcontractor agreement is issued, you will be able to generate and send invoices directly to SWAPD for completed services.
- Make sure to attach your invoices in your open checkout tickets so they remain on record alongside the transactions.
- These contracts do not change how the platform works or how you get paid. They simply give you an additional layer of paperwork that can be very helpful for taxes, compliance, and smooth global transactions.
In short, subcontractor contracts are here to make your life easier when it comes to invoicing, taxes, banking, and professional documentation. If you need one, please see our KB entry: