Deel vs Multiplier – Comparing features and costs

As businesses increasingly expand across borders, the need to pay international employees and contractors effectively has become a pressing concern. Several platforms have emerged to streamline the complexities of global payroll, and two notable players are Deel and Multiplier. Both services offer tailored solutions to manage remote teams, but how do they compare in terms of features and costs? In this article, we’ll explore the key features and pricing structures of Deel vs Multiplier to help you decide which might be the best fit for your business.

Deel vs Multiplier – Features compared

Feature	Deel	Multiplier
Global hiring & compliance	Hire in 150+ countries with full compliance support, including local contracts, tax filings, and labour law adherence.	Similar global reach (150+ countries) with strong compliance support, handling contracts, tax filing, and local law adherence.
Payroll & payments	Pays employees in local currencies with options to fund via bank transfer, credit card, and cryptocurrency. Automated payroll, payslips, and expense management.	Pays employees in local currencies, integrated with local banking systems for smooth cross-border payments. Automated payroll reduces manual input.
Employee benefits	Provides local health insurance, pensions, and other regionally compliant benefits.	Offers benefits like health insurance, retirement plans, and wellness programmes in line with local laws.
User interface	Highly intuitive, user-friendly platform simplifying onboarding and payroll management.	Also user-friendly, but some users find Deel slightly more intuitive.
Compliance support	Comprehensive compliance services, especially in regions with complex regulations.	Strong compliance support, but may not be as exhaustive in more complex markets.
Payment options	Multiple funding methods, including cryptocurrency.	Limited to traditional payment methods (bank transfers and credit cards).
Pricing for contractors	Starts at $49 per contractor per month.	Starts at $40 per contractor per month.
Pricing for full-time employees	$500 to $599 per employee per month, depending on the country.	$300 to $600 per employee per month, depending on the country. More cost-effective in certain regions.
Integration with other platforms	Offers various integrations, including HR and accounting platforms.	Also offers integrations with third-party systems like HR platforms.
Scalability	Ideal for businesses entering multiple international markets at once.	Suitable for businesses looking for cost-efficient scaling, especially for full-time employees.
Additional features	Support for international contractors and freelancers; crypto payroll option for tech-forward companies.	Offers wellness programmes and additional perks for full-time employees.

Global hiring and compliance

Deel is designed to help businesses hire employees and contractors from over 150 countries. One of its strongest selling points is its comprehensive legal and compliance support. With Deel, you can quickly draft locally compliant contracts and handle all the necessary tax filings. The platform ensures that your business adheres to local labour laws, saving you from potential legal pitfalls.

Like Deel, Multiplier offers a global employment platform with a focus on local compliance. Multiplier helps companies hire employees and contractors across more than 150 countries, handling contracts, tax filing, and regulatory requirements in line with local laws. The platform simplifies onboarding, making it easier to scale your global workforce without administrative headaches.

Payroll and payments

Deel handles global payroll seamlessly, offering the ability to pay employees in local currencies. You can fund payments in a variety of methods, including bank transfers, credit cards, and even cryptocurrency. This flexibility is particularly useful for companies managing teams in multiple countries. Deel also offers automated payslips and easy expense management.

Multiplier provides a streamlined payroll system that allows companies to pay their international employees in their local currencies. It integrates with local banking systems, reducing the friction often experienced when making cross-border payments. Payroll processing is automated, reducing the need for manual input, and ensuring accuracy.

Employee benefits

Deel provides access to local health insurance, pension schemes, and other employee benefits that are compliant with regional laws. This adds significant value for companies looking to offer attractive benefit packages to international employees.

Multiplier offers benefits management, giving access to health insurance and retirement plans that comply with local laws. They also provide additional perks, such as employee wellness programmes and insurance, adding further appeal to potential recruits.

Costs compared

Deel operates on a subscription-based pricing model. For contractors, Deel’s pricing starts at $49 per contractor per month. For full-time employees, the costs can range from $500 to $599 per employee per month, depending on the country. While Deel may appear more expensive for larger teams, the platform offers significant value through its compliance support and easy-to-use payroll system.

Multiplier’s pricing structure is similar to Deel’s, with a monthly fee starting at $40 per contractor and ranging from $300 to $600 per full-time employee per month. The costs vary based on the country of employment, and while both Deel and Multiplier are on par in terms of contractor pricing, Multiplier tends to offer a more cost-effective solution for full-time employees in certain regions.

Key differences between Deel and Multiplier

While both platforms offer robust solutions for global payroll and compliance, they do have some notable differences.

• Compliance support: Deel provides comprehensive legal and compliance services, making it ideal for companies entering multiple international markets at once. Multiplier offers strong compliance support as well but may not be as exhaustive in regions with more complex legal frameworks.
• Cost structure: Deel tends to have higher costs per full-time employee in some regions, while Multiplier provides a more cost-efficient model for hiring full-time employees. If managing costs is a key priority, particularly for larger teams, Multiplier may be the more budget-friendly option.
• User experience: Deel’s platform is praised for its user-friendly interface, which simplifies onboarding and payroll management. Multiplier’s platform is also straightforward, though some users find Deel to be slightly more intuitive.
• Funding methods: Deel offers more payment options, including cryptocurrency, which could be a crucial advantage for tech-forward companies or those operating in regions where traditional banking is less accessible.

Which platform should you choose?

Choosing between Deel vs Multiplier ultimately depends on your business’s specific needs. If your primary concern is ease of use and access to a wide range of payment methods, Deel might be the better option. However, if cost-effectiveness is a priority, particularly for full-time employees, Multiplier could offer a better deal.

For businesses expanding into multiple countries with complex legal and compliance needs, Deel’s comprehensive support may provide the peace of mind necessary to grow without worrying about local regulations. On the other hand, if you are focused on maintaining a streamlined payroll system at a lower cost, Multiplier’s offering may be the more efficient choice.

Conclusion – Deel vs Multiplier

Both Deel and Multiplier are excellent options for businesses looking to manage international payroll, each with its strengths.

Deel excels in compliance and a wide range of payment options, while Multiplier offers a cost-effective solution for hiring full-time employees.

Ultimately, your decision should be based on the scale of your business operations, the complexity of compliance requirements in your target countries, and your budget. By carefully considering these factors, you can select the platform that best aligns with your business goals.

FAQ – Deel vs Multiplier