DailyPay Instant Access to Earned Income
An On-Demand Pay Benefit
Category:
Provide Benefits
DailyPay Instant Access to Earned Income

DailyPay Instant Access to Earned Income

An On-Demand Pay Benefit
Category:
Provide Benefits
Contents

On-Demand Pay

Over 60% of today’s workforce is unsure about their ability to handle economic uncertainty (Mercator, 2020). Bills, rent, and emergencies don’t always coincide with traditional pay periods. PAY from DailyPay eliminates the uncertainty associated with a paycheck and gives employees access to their pay and tips when they need it, and the ability to plan — before payday arrives. We reduce financial stress and increase financial stability.

On-Demand Pay

How it Works

  • 1. An employee uses the DailyPay app to access their pay
  • 2. The employee chooses when they want to get paid on-demand — instantly or the next business day
  • 3. DailyPay funds and pays the employee, to whatever bank account or pay card they choose - including Wisely Pay by ADP. The lowest fees. No subscriptions. No confusion

Employee Savings

78% of working Americans are searching for cost-free ways to help them save and manage their finances(DailyPay, 2020). DailyPay SAVE encourages employees to save by offering three ways to set aside their earnings, before payday, and start building a savings safety net. We know that there can be barriers that prevent people from saving. That’s why, unlike many on-demand pay apps, SAVE is 100% free. Employees have the freedom to put money in their own savings account, so they can earn interest on their money and make withdrawals whenever they choose to.

Employee Savings

3 Free Ways to Save

  • AutoSAVE: Build a savings safety net with regularly scheduled savings.
  • DirectSAVE: Save different amounts each pay period, on-demand, at any time.
  • RoundupSAVE: Save before you spend. Allocate earnings to savings when a PAY transfer is requested.

Fully Integrated With Wisely Pay by ADP

When employees use the Wisely™ pay card, they’re fully set up to access and receive on-demand pay transfers with DailyPay. Employees can instantly transfer earned income at any time via a mobile-optimized website or Android app without causing disruption to your payroll process, or the timing of payroll funds.

Tip Disbursements

FlexTips is a cashless tip disbursement solution that allows your employees to access their tips and gratuities. FlexTips is an extension of the PAY product, and once enabled, employees, can accrue their tips in their available balance over the pay period and choose to access them as needed on-demand.

FlexTips

  • Accessible - your employees can access their tips on demand
  • Flexible - no specific paycard required. Tips can be sent to any account
  • Effective - boost employee productivity by offering flexible access to tips anytime
  • Digitized - manage tips and reports with one easy tool and seamless integration

Compliant Rewards

With DailyPay’s REWARD product, you can give net amounts to employees at any time for reasons like, picking up an extra shift, providing exceptional customer support, meeting a sales goal, achieving team goals, or hitting an individual milestone.

Empower and incentivize your employees

  • Empower your managers to disburse compliant spot bonus awards that recognize employees for a job well done or serve as an incentive to cover undesirable shifts. REWARD helps empower, incentivize and motivate employees, with no extra lift from your end.

Off-Cycle Payments

CYCLE enables payroll teams to disburse payments anytime, anywhere. Eliminate the hassle of issuing off-cycle payroll payments, and save time and money too. With CYCLE, it’s possible to process off-cycle payroll payments for on- the spot bonus payments, termination pay, or failed payments or errors.

Off-Cycle Payments

CYCLE Was Built With Flexibility in Mind

  • -Disburse payments instantly and digitally. Running an off-cycle payroll payment used to be a hassle. But now with CYCLE, it’s easier than ever to instantly send off-cycle payments to a single employee or to multiple employees at the same time.
  • -Send funds to any account or pay card. CYCLE gives you the flexibility to send electronic off-cycle payroll payments to any employee bank account or card, whether or not the employee uses PAY by DailyPay.
  • -Start saving now. Save time and the cost of paper checks and shipping fees. With CYCLE, you can eliminate the cost of off-cycle paper checks and save on next-day postage rates too.

Dedicated Professionals — There When You Need Them

Our Enterprise Partnership Management team will work with your HR team to tailor a strategy specifically for your organization in order to maximize benefits for your employees. We have successfully executed programs for organizations with distributed workforces, multiple locations and non-English speaking employees, and more.

Dedicated Professionals — There When You Need Them

Implementation and Rollout

  • Manager Training: You'll receive customized live webinar sessions for managers, recruiters, HR reps and others
  • Online Partner Portal: Rollout calendars, FAQs, manager scripts, new hire forms, partnership digital badge, email announcement templates and more
  • Printed Collateral: Posters, brochures, benefit cards and swag

Custom Reporting

DailyPay provides you with custom reporting so you can validate the impact of the benefit to and share it internally with all levels of senior management and your Board of Directors.

Custom Reporting

  • Observe value creation through improved employee retention and engagement, and related impact on hiring costs
  • Predictive analytics to improve business operations
  • Custom reporting and tools provide you to identify underperforming stores/locations from an employee engagement standpoint, based on correlation to DailyPay