Importance of Timeliness in an On-Demand Pay Benefit

Imagine you’re in the check-out line at the grocery store and you realize that you don’t have enough money in your bank account to buy your groceries. Fortunately, you have DailyPay and you can instantly transfer your earned pay into your bank account before you even get to the front of the checkout line.

DailyPay believes that on-demand pay should be available to everyone so that money is always in the right place at the right time. It’s important that employees have access to on-demand pay whenever they need it. 

Available at all times

One on-demand pay provider has a two-week blackout period right around the holidays each year. DailyPay’s on-demand pay benefit is available to employees instantly, 24/7/365, with no blackout periods. We provide two different options for transfers, instant or next day, so that your employees can get their money when they need it. We also allow access to 100% of your employees net earned pay, unlike other vendors who only make a portion of that pay available. 

Available no matter what happens

DailyPay will never delay your employees’ on-demand pay transfers because of an unexpected bank closure. We have backup plans that kick in when payments are unable to move through a certain channel, ensuring that employees can still transfer their money, no matter the circumstance. 

Money Available From Day 1

With DailyPay, 100% of your employees’ net earned pay is available from their first day with your company. They do not have to wait days or even weeks to make their first transfer, rather it is available right after their first shift. Earned pay in the DailyPay Balance™ can be transferred to any account, debit card or pay card, unlike other providers who force employees to use a certain pay card to access their pay. 

Timeliness is an integral part of an on-demand pay provider. If funds are not available to your employees 24/7/365, regardless of the circumstances, what is the point in providing on-demand pay at all?

Want to read more about what else to consider when evaluating on-demand pay providers?

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