This article is for admins who want to learn about Gusto Money.
Gusto Money gives you access to Bill Pay, Invoicing, and Payroll Bridge, powered by Parafin. More features are coming soon.1, 2, 3 These tools give you a clearer view of your finances and help you manage everything within Gusto.
Your subscription includes Gusto Money Basic at no additional cost. You can find these tools on the Money page of your Gusto admin account:
Payroll Bridge, powered by Parafin, offers a payroll line of credit to make sure your team is paid on time. This is subject to credit approval.1
Bill Pay helps you manage and pay bills or vendors with flexible payment options, and allows you to directly request W-9s from vendors.2
Invoicing helps you take control of incoming payments, so your team gets paid faster. You can streamline accounts receivable with flexible payment options and clear visibility.3
If you want discounted transaction rates and extra workflow features, you can opt for the Gusto Money Plus add-on for $19/month. This gives you more control and efficiency when you manage your cash flow.
Transaction fees apply when you pay vendors or receive payments from customers. Both Basic and Plus have the same transaction fees, with one exception: Plus gives you more free Automated Clearing House (ACH) payments for Bill Pay.
Gusto Money Basic
Your Gusto subscription includes Gusto Money Basic at no additional cost. This gives you access to Bill Pay, Invoicing, and Payroll Bridge, powered by Parafin. Each product has additional fees, including transaction fees for Bill Pay and Invoicing, and a financing fee for Payroll Bridge.1, 2, 3
Gusto Money Plus
Gusto Money Plus gives you more features that Basic doesn’t have. These include accounting integrations, approval workflows, batch payments, and fewer transaction fees.
Gusto Money Plus is billed at $19/month alongside your normal Gusto subscription.
With Bill Pay, you can pay your vendor by ACH or credit card.2
See below for available payment speeds and the associated fees.
Same day payment speed
Payment method (How you pay)
Basic
Plus
ACH4
2%
1% (up to $30)
Credit Card4
2.9%
2.9%
Three day payment speed
Payment method (How you pay)
Basic
Plus
ACH5
$1 each
25 free
then $0.50 each
ACH to Fast Check5
$20
$20
Credit Card to Fast Check
2.9% + $20
2.9% + $20
5 day payment speed
Payment method (How you pay)
Basic
Plus
ACH to Check
$2.50
$2.50
Credit Card to Check
2.9%
2.9%
Feature
Basic
Plus
Scheduled payments
X
X
AI bill capture
X
X
Batch payments
X
Approval workflows
X
With Invoicing, your customer can pay you by ACH or credit card.3
See below for available payment speeds and the associated fees.
Payment speed
When you get paid.
Payment method
How your customer pays.
Basic
Plus
Same day
ACH5
2%
1%
Same day
Credit Card4
2.9%
Paid by you or your customer.
2.9%
Paid by you or your customer.
3 days
ACH5
1% (min $1)
1% (min $1)
3 days
Credit Card4
2.9%
Paid by you or your customer.
2.9%
Paid by you or your customer.
Additional features
Feature
Basic
Plus
Auto payment reminders
X
X
Custom invoices
X
X
Personal payment link
X
X
Accounting integrations
X
Your subscription already includes Gusto Money Basic at no additional cost.
To start using Bill Pay, Invoicing, or Payroll Bridge:
Go to Money.
Sign up for the tools you need. Go to each tool’s Help Center article to learn more:
To add the Gusto Money Plus tier (an additional $19/month) to your subscription:
In the bottom-left, click your company name.
Under Settings, click Plan & Billing.
Scroll to Add-ons and click Get add-ons.
Select the Gusto Money Plus add-on and click Add to plan.
Confirm your selection.
Note: Adding Gusto Money Plus does not guarantee access to all Gusto Money products. Each tool and partner has different eligibility requirements. You may need to complete additional identity verification or application steps before you can use some tools. Payroll Bridge is a loan product and requires a separate application and approval process. Parafin approves and reviews all Payroll Bridge applications.
Q: How does Gusto Money work with the way I use Gusto today?
A: You already use Gusto to run payroll, track paydays, and manage your expenses. Gusto Money adds more tools to help you manage your cash flow. Bill Pay shows you money going out.2 Invoicing shows what’s coming in.3 If you need funds before payroll, Payroll Bridge, powered by Parafin, can help approved customers cover the gap quickly and affordably.1 Everything stays in one place, so you can see your business’s money without switching between different tools.
Q: Is Gusto Money secure?
A: Yes. Gusto and our partners use bank-level encryption, multi-factor authentication, and strict security standards to keep your data and transactions safe.
1. Gusto provides access to Payroll Bridge through our partnership with Parafin. Payroll Bridge is offered by Parafin, not Gusto. Gusto does not review applications, make credit or lending decisions, provide credit, service loans, or collect repayments. All lines of credit are issued by Celtic Bank. All lines of credit and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Lines of credit are governed by the Line of Credit Agreement and Parafin’s Privacy Policy. Bank transfers are subject to review. All lines of credit are subject to application completion and review. Please also see Gusto’s terms.
THIS IS A LOAN SOLICITATION ONLY. GUSTO, INC. IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.
2. Transaction fees apply and vary based on payment method and speed. See here for details. Bill Pay services provided by Melio.
3. Transaction fees apply and vary based on payment method and speed. See here for details. Invoicing services provided by Melio.
4. If scheduled before 2pm ET.**
5. When scheduled before 9pm ET.**
* Bank account to ACH payments exceeding $100,000 generally are delivered within 4 business days. ** Any payments submitted after this time will only start processing the following business day.