Teamed vs Skuad, a full cost-and-service comparison

At a glance

Shared by both: 160-plus countries covered · EOR and contractor management · dedicated account managers bundled in

Teamed on G2

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Frequently asked questions

• Is Teamed cheaper than Skuad?+

  The headline does not answer that. Skuad starts from $199 per employee per month; Teamed is $599 flat. But Skuad's FX conversion is run through Payoneer's rails at an undisclosed rate, and the pricing page also references a security deposit, payroll pre-funding and bolt-on modules (Shield, recruitment, visa). Industry analysis puts undisclosed EOR FX at 1.5 to 3% of salary. On a $150,000 salary, a 2% undisclosed spread is $3,000 per year per employee. Get Skuad's full landed cost in writing, including the FX rate and all applicable modules, then build the model. Teamed's all-in is $599 flat with FX absorbed at zero markup.
• Who is Skuad now after the Payoneer acquisition?+

  Skuad was acquired by Payoneer in 2024 for a reported sum and now trades as Payoneer Workforce Management (formerly Skuad). The skuad.io domain and product remain live, and the Skuad brand continues in the market. The acquisition gives Skuad access to Payoneer's cross-border payment infrastructure and the backing of a Nasdaq-listed public company (Nasdaq: PAYO). When you contract with Skuad today, confirm with Skuad's team which legal entity the contract runs through and how the Payoneer ownership affects the terms.
• What is Skuad vs Teamed on contractor management?+

  Skuad has a genuinely differentiated contractor stack. Its $19 self-serve CMS handles payments in 70-plus currencies, invoice tracking, expense management and a mobile app. Its $99 Agent of Record service adds full contractor engagement and misclassification cover. For high-volume contractor populations across varied currency corridors, that pricing and breadth is a real advantage. Teamed covers contractors through Guard (misclassification cover up to $10,000 per case; you remain the engager) and Protect (Teamed engages the contractor directly and takes on the misclassification liability), on the same system as EOR. The difference is the price point at entry and the FX transparency on payments.
• 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 and Works Agreements. Skuad covers Germany within its 160-plus country footprint but does not confirm an owned German entity on its public pages; German employment is described under its broader 'legal expertise in 160-plus countries' claim.
• Can I switch from Skuad to Teamed?+

  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 Skuad invoice and MSA and Teamed maps the cutover plan. Most switches complete in four to six weeks.
• When should I set up my own entity instead of using an EOR?+

  As a rough guide, EOR tends to stay the simpler structure at a small headcount in a single country. 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. The exact crossover is country-specific, so Teamed models it per country, helps you set up your own entity via Global Entity & Employment Operations (GEMO) in 90+ countries, and can keep managing it for you on the same system with no re-onboarding of existing EOR employees. Skuad does not publish proactive crossover modelling as a standard feature; its core offer is hiring without needing to establish a foreign subsidiary.
• How does Skuad handle deposit and pre-funding requirements?+

  Skuad requires a security deposit plus payroll pre-funding: salaries, taxes and employer contributions must arrive before each payday. The deposit is described in Skuad's help centre as approximately one month of total payroll cost, though this figure comes from secondary summaries of a JS-rendered help-centre article rather than a verbatim published source, so treat it as indicative. Teamed also takes a refundable deposit equal to one month of salary, which is standard practice across EOR providers. Neither provider has a zero-deposit option. Read both contracts line by line and clarify the exact deposit amount and pre-funding timeline directly with each provider before you sign.

• Teamed vs Skuad, which EOR is better for a fast-growing company hiring across Europe?+

  For a rapidly growing company hiring across Europe, the three deciding questions are full cost transparency, access to real employment-law expertise per jurisdiction, and the path to your own entity as you scale. Skuad starts from $199 per employee per month, has a broad all-in-one platform and a strong contractor stack with 70-plus payout currencies via Payoneer. It does not publish a rate or spread on its FX conversion. Teamed is flat at $599, absorbs FX at zero markup, shows the rate against mid-market on every invoice, gives real HR and legal experts on all plans, owns its German entity, and models the crossover to your own entity via Global Entity & Employment Operations (GEMO). For a company that needs the full cost visible before it signs, direct expert access and lifecycle advisory, Teamed is the stronger fit. For a company where the lower published base matters and a broad all-in-one platform is the priority, Skuad is worth modelling once the FX terms are confirmed in writing.
• Is Skuad (Payoneer Workforce Management) good for contractor management?+

  Skuad has one of the more differentiated contractor products in the category. Its self-serve CMS at $19 per contractor per month handles payments in 70-plus currencies, invoice tracking, expense management and a mobile app, backed by Payoneer's cross-border payment infrastructure. The $99 Agent of Record service adds full contractor engagement and misclassification cover. For a high-volume contractor population paying into many currency corridors, that breadth at that price point is a real advantage. Teamed covers contractors through Guard and Protect plans with misclassification cover, integrated with EOR on the same system. The Teamed difference is the FX transparency on payments (zero markup, shown against mid-market) and the advisory depth when a classification question arises. For pure contractor volume and currency coverage, Skuad leads. For transparent FX and deeper employment-law advisory, Teamed is the fit.