A paycheck advance is a way for employees to receive their money early. Think of this as money that employees can borrow from a future paycheck. While the employee hasn’t technically been paid out yet, the employer advances money on the work the employee has already done.
Earned wage access through DailyPay is not a paycheck advance and is a great alternative for employees to access their wages ahead of traditional payday.
DailyPay gives employees more control over their financial wellness without any strain on the employer or traditional money advances.