About
Streamline your business by easily creating contractor agreements, managing payments, and handling year-end tax forms. This platform simplifies the entire process from handshake to payment and 1099 filing for US businesses and independent contractors.
What's New in Paywelly
1.1.0
August 6, 2026
FAQ
What is Paywelly?
Paywelly is a business platform designed to simplify the process of working with independent contractors. It helps businesses create agreements, manage payments, and automatically file 1099-NEC tax forms.
How does Paywelly handle payments?
Businesses save a card upon signing an agreement and are charged only when the work is approved. Contractors are paid the same day the client approves the work. Payments are processed via Stripe.
What are the fees for using Paywelly?
Businesses pay a $19.99 platform fee per contract plus a 15% commission. Flat-rate milestone contracts incur an additional $4.99 per milestone. Contractors pay nothing to receive payments via bank transfer.
Does Paywelly require a subscription?
No, Paywelly does not require a subscription. The pricing is based on a per-contract platform fee and commission for businesses.
Is Paywelly safe for contractors?
Yes, Paywelly ensures safety by requiring identity verification for contractors before their first payout and processing payments through Stripe with tokenized card details.
What devices does Paywelly support?
Paywelly is available on iPhone and iPod devices.
How often is Paywelly updated?
The latest version, 1.1.0, was released on August 6, 2026, indicating recent development activity.
What is the age rating for Paywelly?
Paywelly has an age rating of 17+, suggesting it is intended for mature users due to its business and financial functionalities.