Teamed vs Boundless in 2026

1. Step 1

   Bring your Boundless invoice

   Share your current Boundless invoice. Teamed unbundles it line by line: gross salary, statutory at cost, platform fee, and any FX charges. You see exactly what the switch means in published-rate terms and where the FX lands on a zero-markup basis.

2. Step 2

   Map the operational plan

   Teamed builds the cutover plan per country or per employee cohort: notice-period alignment, payroll-calendar sync, benefits continuity, employee communications. Nothing moves until the plan is agreed.

3. Step 3

   Issue new contracts

   New compliant employment contracts issue under Teamed. Employees receive their new payslip structure before the first pay cycle, with FX shown against mid-market. No re-onboarding overhead.

4. Step 4

   Close the Boundless relationship

   Teamed manages the Boundless termination timeline and keeps you out of a double-billing period. EOR contracts typically carry a 30 to 90-day notice period. Teamed maps the calendar and the deadlines.

Frequently asked questions

• Is Teamed cheaper than Boundless?+

  Teamed publishes $599 USD or 479 GBP per employee per month, flat. Boundless publishes 600 EUR per employee per month. At the June 2026 EUR/USD rate of approximately 1.08, 600 EUR converts to roughly $648 USD, making Teamed the lower headline in USD terms. The more important difference isn't the headline, it's the FX line. Teamed absorbs currency-conversion costs at zero markup and shows the applied rate against the mid-market reference on every invoice. Boundless does not publish its FX spread. An undisclosed FX spread of 2% on a $190,000 salary is $3,800 per year per employee that doesn't appear as a line item.
• Can I switch from Boundless to Teamed mid-contract?+

  Yes. Most EOR contracts are month-to-month or carry a 30 to 90-day notice period. The harder part is the operational cutover: contract timing, payroll-calendar alignment, benefits continuity, and employee communications. Teamed runs phased cutovers, one country or one employee cohort at a time, so the overlap period is contained. Bring your current Boundless MSA and Teamed maps the cutover plan and the deadlines. Most switches complete in four to six weeks.
• What is Boundless's FX policy?+

  Boundless invoices clients in their home currency and provides a full breakdown of payroll costs, but does not publish the FX spread applied to salary conversions on its website (verified June 2026 at boundlesshq.com/faq/). If you need the FX terms, request them explicitly from the Boundless sales or account team and get them in writing before signing. Teamed shows the applied rate against the mid-market reference on every invoice and absorbs FX at zero markup on the fee.
• Is Boundless part of Payoneer?+

  Yes, since January 2026. Payoneer (NASDAQ: PAYO), the global payments company, acquired Boundless in a deal that closed on January 20, 2026. Boundless continues to operate under its own brand and with its own leadership team. The acquisition is part of Payoneer's strategy to build a complete financial stack for international SMBs, particularly in Europe. If you already use Payoneer for payments, the convergence of EOR and payments infrastructure may be a genuine operational benefit.
• Does Teamed own a German entity?+

  Yes. Teamed operates through its own German entity, which means your German employee's contract is issued by a Teamed GmbH rather than a local partner. Real HR and legal experts with German employment-law credentials handle edge cases directly: Betriebsrat (Works Council) consultations, Kuendigungsschutzgesetz (KSchG) terminations, Works Agreements. Boundless also owns a German entity and offers dedicated in-country expertise. Germany is a market where entity ownership matters, because Works Council law and strict termination protection create advisory requirements that generalist queues struggle with. Both providers are credible for Germany; the difference is the advisory depth and the support access model on each side.
• When should I set up my own entity instead of using an EOR?+

  The crossover point depends on headcount and salary mix in each country. As a rough guide, EOR stays cheaper than running your own entity below roughly 10 to 15 full-time employees in most European markets. Above that, the cumulative per-seat EOR fee approaches the fixed cost of a registered entity, a local director where needed, bookkeeping, and annual filings. Teamed models this crossover explicitly and flags the month your own entity gets cheaper. That modelling is a standard part of the advisory relationship, not an upsell. Global Entity & Employment Operations (GEMO) can set up the entity in Germany and 100+ other markets on the same system with no re-onboarding of existing EOR employees.
• How many countries does Boundless cover?+

  Boundless covers approximately 110+ countries, with the strongest depth in European markets. It owns entities in key EU and UK markets and uses vetted local partners for the rest of its coverage. Teamed covers roughly 180 countries through a similar mix of owned entities and vetted local partners. If your hiring plan includes markets in Latin America, Southeast Asia, or Africa beyond a handful of key locations, confirm Boundless coverage per country before committing. Coverage breadth within Europe is comparable; the gap shows outside it.

• Teamed vs Boundless, which is better for a company hiring across Europe and beyond?+

  For a rapidly growing company hiring across Europe, the three deciding questions are FX transparency, coverage breadth, and the path to your own entities as you scale. Teamed shows the FX against mid-market and absorbs it at zero markup, covers roughly 180 countries (versus Boundless's approximately 110+), and models the crossover to your own entity via Global Entity & Employment Operations (GEMO). Boundless has strong European entity ownership, is now part of the Payoneer financial stack, and offers a dedicated account manager on all plans with a 4.8 G2 rating. For a company hiring primarily in Europe with a Payoneer payments workflow, Boundless is a credible choice. For a company with a global hiring footprint or a plan to grow beyond Europe, Teamed's broader coverage and lifecycle advisory are the stronger fit.
• Is there an EOR that shows FX rates transparently?+

  Teamed is the clearest: it shows the applied rate against the mid-market reference on every invoice and absorbs FX at zero markup on the fee. Remote discloses that it applies a variable FX rate, which is more transparent than concealing it, but the rate is still a spread above mid-market, not zero markup. Boundless does not publish its FX spread or show the applied rate against a mid-market reference on its website. Deel does not publish FX terms. Most other providers in the category do not disclose the FX spread on salary conversions. If FX transparency is the criterion, Teamed is the only provider at the $599 price point that absorbs FX entirely and publishes the reference rate on every invoice.