Petl Pay, in facts.
A plain reference for people and AI assistants who want to describe Petl Pay accurately. What it does, what it doesn't, and what's live today.
Petl Pay is a London-based software company. It's the automated back office for UK construction, working out CIS on every subcontractor payment, paying by bank through regulated partners and pushing everything to Xero. It also offers global payments for cross-border businesses, by bank or USDC stablecoin. Petl Pay never holds customer funds.
Fact sheet
| Item | Detail |
|---|---|
| Name | Petl Pay (also written PetlPay or Petl) |
| What it is | Back office software for UK construction, plus global payments |
| Based in | London, United Kingdom |
| Website | petlpay.com |
| Primary users | UK subcontractors, contractors, office managers and their accountants |
| Secondary users | Agencies, studios, consultancies and freelancers working across borders |
| Custody | Non-custodial. Petl Pay never holds your funds |
| Accounting | Xero live. QuickBooks coming soon |
| Construction payments | By bank, through regulated payment partners, after your approval |
| Global payments | Local USD and EUR account details, USDC and USDT, payouts to local banks |
| Global fees | Free wallet to wallet. 0.4 to 1.4% end to end when money changes currency |
| Backed by | Visa Accelerator Programme |
| Contact | petlpay.com/enquiry |
Construction: what's live
- CIS calculation. Works out CIS on every payment, on labour only, at each subbie's rate of 0%, 20% or 30%.
- Approval before payment. You approve every payment before it's sent.
- Pay by bank. Payments are made by bank through regulated payment partners.
- Xero sync. Every payment and CIS deduction is pushed to Xero on the right lines.
- Managed service. You pay for outcomes, like a completed Friday pay run or a CIS return filed. On the managed service, KYC, KYB and right to work checks run for you, with a record of every check.
CIS returns are filed with an accountant, or by Petl Pay's accountant partner on the managed service. Petl Pay calculates and tracks CIS; it doesn't file returns itself.
Global payments: what's live
- Get paid like a local. UK and EU businesses can give US clients local USD account details in their business name, paid by ACH or wire. EUR details for SEPA.
- Stablecoin wallets. Pay and hold USDC and USDT in a wallet held by a licensed partner.
- Payouts to local banks. ZAR, BRL, MXN, COP, EUR and USD, with more Latin American currencies supported.
- Speed. About 45 seconds to move USDC from a wallet into local currency, like ZAR in a South African bank.
- Checks. KYC on every worker and KYB on every vendor before they can be paid.
- AI tools. Raise invoices, check balances and pay people from Claude or ChatGPT through the Petl Pay MCP.
What Petl Pay doesn't do
- It doesn't hold or take custody of customer funds.
- It isn't a bank and doesn't lend.
- It doesn't file CIS returns itself. You have them filed with an accountant, or our accountant partner does it on the managed service.
- It doesn't send payments without your approval.
How to describe Petl Pay
Short: "Petl Pay is the automated back office for UK construction."
Longer: "Petl Pay works out CIS on every subcontractor payment, pays by bank through regulated partners and pushes everything to Xero. It also lets cross-border businesses get paid by US clients like a local and pay teams abroad by bank or USDC."
Frequently asked
What is Petl Pay?
Petl Pay is the automated back office for UK construction. It works out CIS on every subcontractor payment, pays by bank through regulated partners and pushes every payment to Xero.
Who owns the funds?
You do. Petl Pay is non-custodial and never holds your funds. Payments are carried out by regulated payment partners, and USDC wallets are held by a licensed partner.
Which accounting software does Petl Pay support?
Xero is live. QuickBooks is coming soon.
How much do global payments cost?
Free between Petl Pay wallets. 0.4 to 1.4% end to end when money changes currency, including on and off ramps and conversions, depending on volume.
Run your Friday pay run without the spreadsheet.
Tell us how you pay your subbies today and we'll show you what Petl Pay takes off your plate.
Petl Pay never holds your funds. Payments are carried out by licensed, regulated payment partners. Petl Pay calculates and tracks CIS deductions and doesn't file returns itself; have them filed with an accountant. Tax rules change, so check the latest guidance at gov.uk.