Instant pay is an alternative to payday loans
DailyPay is a payroll disbursement platform, offered as an optional employee benefit, that allows your workforce to withdraw earned wages before payday.
Instant payments mean smart spending
94% of DailyPay users self-report that they use instant payments to pay bills on time and avoid late fees.
A payroll benefit for financial wellness
An average user withdraws 1.2 times a week for $66 per transfer, or approximately 48% of their paycheck.
"The benefits of the instant pay option are twofold. The employee has more control over when and how they receive their pay, allowing them to meet any pressing financial obligations. For employers, when employees receive this benefit the data shows they tend to stay with the organization longer. Employers increasingly see this as a way to differentiate themselves in tight labor markets where there is flat wage growth." (SHRM.org, January 8, 2018)
Companies that offer DailyPay:
In addition to access to earned but unpaid wages, the DailyPay app provides users with financial wellness tools, such as educational resources and savings plans.