DailyPay is the pioneer of the daily pay benefit or on-demand pay where employees can receive real-time access to earned wages. Its technology exists as an overlay on top of payroll and time management systems and requires no change to a company’s current payroll process or timing of payroll funds.
Employers offer this as a perk for employees so they can control the timing of their pay empowering them to pay bills on time and avoid late fees. With a tap of a button, employees can receive their earned but unpaid wages (earned wage access) or income instantly to any bank account, prepaid card or paycard. This leads to improvements in employee retention and overall job satisfaction.