An instant pay benefit provides employees with access to earned wages when they need money, which can help with unexpected expenses or bills that are due between payroll cycles. An instant payment app like DailyPay lets employees make withdrawals (for a small fee) any time they want, rather than waiting for a bi-weekly paycheck.
Instant pay is an alternative to payday loans.
Instant payments mean smart spending
94% of instant pay app DailyPay users self-report that they use instant payments to pay bills on time and avoid late fees.
For hourly workers Instant Pay is an in-app feature that allows them to cash out on approved shifts before the job’s designated weekly/monthly pay date.