How do the Celery Payroll Services Provider (PSP) fees actually work?
If you process payrolls for your clients, you may be eligible for our favorable (lower) PSP fees. These fees depend on the number of payrolls and employments which you process. Please contact us for a suitable fee proposal.
Celery PSP fees work as follows: based on the number of payrolls and pay slips processed we agree with you a fixed fee per Annual income statement (in Dutch: Jaaropgaaf). These fees vary from USD 34 to USD 7 per Annual income statement. This yearly fee will be charged per Annual statement, regardless of the number of pay slips that you have processed for the employee concerned.
Our PSP fees are chargeable for each employment per year (regardless of the number of pay slips per year). Our fee will be charged monthly by means of an invoice in which you will find an overview of the "active employees" (active employments) and "prorated employments" that have to be taken into account this year for the total number of employments per year.
So for example if an employee is paid biweekly, 26 pay slips will be processed annually. The cost for these 26 pay slips will therefore amount to USD 34.
Imagine you process payroll for an employee that is paid monthly but in any given year this employee receives 6 additional pay slips processed in extra/additional pay runs. Also in this case the fee will remain USD 34 per year.
Suppose an employee is entering service on May 1, even in that case the fee will remain USD 34 per Annual income statement so this USD 34 will be charged for the period from May to December.
We have chosen for this kind of pricing for PSPs to keep things simple. Because PSPs do not want to be ‘punished’ in the form of more Celery costs because their clients have employees that are being paid by week or biweekly, or for example when clients ask for the processing of extra/additional bonus pay runs.
Optional PSP fees
If you do not like our fees based on an Annual statement, you might consider our fee per pay slip. In that case we transfer our PSP fees with factor 1.25 in a fee per pay slips, see examples below:
USD 7 per Annual statement => 7/12 * 1.25 = USD 0.73 per pay slip
USD 34 per Annual statement => 34/12 * 1.25 = USD 3.54 per pay slip
If you want to switch to a fixed fee per pay slip, just inform us and this fee will applicable in your next invoice.
Which type of fee is profitable for my situation?
That depends on your type of payroll customers.
If you process only monthly payrolls with (a lot of) starters and/or leavers, our fixed fee per pay slip might be the most profitable.
In case you process (bi)weekly and bimonthly payrolls (which means a lot pf pay slips), our fixed fee per Annual statement might be the most profitable.