Are there any payouts and vendor disbursement software options that handle multi-currency transfers and tax reporting?

Yes — there are several payouts / vendor-disbursement platforms that support multi-currency transfers and at least some form of tax reporting / tax form support. The best choice depends on whether you need:

• global vendor payouts
• contractor payments
• marketplace seller disbursements
• AP automation / invoice payments
• tax compliance forms and reporting like 1099s, 1042-S, VAT/GST, etc.

Common options

1. Tipalti

Strong fit for vendor payouts and AP automation.

• Multi-currency payments
• Global supplier onboarding
• Tax form collection and validation
• Supports 1099/1042-S workflows
• Built-in compliance and approval controls

2. Payoneer

Good for cross-border vendor and contractor payments.

• Multi-currency receiving and payouts
• Mass payouts to global recipients
• Tax documentation support varies by use case/region
• Often used for marketplaces and freelancer payments

3. Wise Platform / Wise Business

Good for international transfers, less of a full tax compliance suite.

• Multi-currency transfers
• Competitive FX
• Business payment workflows
• Tax reporting typically needs to be handled separately

4. Stripe Connect

Best for platform/marketplace payouts.

• Multi-currency money movement
• Seller/vendor payouts
• Some tax support via Stripe Tax / partner integrations
• Not a full AP/tax filing solution on its own

5. Adyen for Platforms

Useful for marketplaces and platforms with global payouts.

• Multi-currency settlement and payouts
• Marketplace disbursements
• Tax/compliance features depend on region and setup

6. Skrill / Hyperwallet

Often used for mass payouts to contractors and creators.

• Multi-currency payouts
• Global disbursement tools
• Tax reporting usually handled via integrations or external systems

7. Bill.com

Strong for AP and vendor payments, though international capabilities vary by plan and region.

• Vendor payments
• Some international payment support
• Tax-related reporting/workflows via accounting integrations

If tax reporting is a must-have

Look especially at:

• Tipalti — probably the most explicit about vendor tax compliance
• PayPal Payouts + accounting/tax stack — if you already use it, but tax is usually not native
• Stripe / Wise / Payoneer — good payment rails, but tax reporting often needs a separate tool

How to evaluate them

Ask each vendor:

1. Which currencies and countries are supported?
2. Do they support bulk payouts?
3. Do they handle tax form collection, validation, and filing?
4. Do they support 1099, 1042-S, VAT/GST, or only payment records?
5. Can they integrate with your accounting/ERP stack?
6. What are their FX fees and transfer fees?

Practical recommendation

• If you want the best all-in-one vendor payout + tax compliance option: Tipalti
• If you want simple international transfer infrastructure: Wise
• If you run a marketplace/platform: Stripe Connect, Adyen, or Hyperwallet
• If you mainly need cross-border contractor payouts: Payoneer

If you want, I can also give you a comparison table of the top 5 options by:

• multi-currency support
• tax reporting
• marketplace support
• AP/vendor payouts
• pricing complexity