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

DailyPay: Making the payroll experience faster, easier and more effective for employers and employees

DailyPay, the premier provider of on-demand pay solutions, significantly reduces turnover rates at no cost to the employer (for businesses with 500+ employees). Leading the industry in compliance, reliability and service, we seamlessly integrate with any payroll and time management system, and require no change to your existing payroll process (including the timing of funds and withholding of taxes). Through the... Read more
DailyPay, the premier provider of on-demand pay solutions, significantly reduces turnover rates at no cost to the employer (for businesses with 500+ employees). Leading the industry in compliance, reliability and service, we seamlessly integrate with any payroll and time management system, and require no change to your existing payroll process (including the timing of funds and withholding of taxes). Through the use of data analytics and AI we deliver total excellence to create insights that inform HR and Payroll to make you the hero. Read less

Features and Benefits

Fully Integrated With Wisely Pay by ADP

When your employees use the Wisely ™ pay card for their payroll, they’re already fully set up to access and receive on-demand pay transfers — all you have to do is turn on DailyPay. The Wisely pay card and DailyPay offer a complete payroll experience, making it seamless and easy for your employees to access their earnings — whenever and wherever they want. Employees can instantly transfer earned wages at any time via our mobile optimized website or Android app. DailyPay lets you provide employees with instant access to earned wages and causes no disruption to your current payroll process or timing of payroll funds.

Delivering High-Impact Results, Seamlessly

Through mobile API technology and artificial intelligence, we seamlessly integrate with your payroll and time and attendance systems to receive your employees’ daily hours worked. Then we calculate an available balance for each individual employee, based on historical payroll data and our dynamic income algorithm that continually monitors changes to each employee’s earnings, taxes and deductions. Employees are able to access up to 100% of their earnings, minus taxes and any deductions/garnishments, prior to payday; they can request instant or next day transfer of these earnings via our mobile-optimized website or smartphone app. DailyPay is offered at no cost to employers and it requires no disruption or changes to your current payroll processes, including the timing of payroll funds and withholding of taxes. We believe that a secure approach to employee pay access is an essential part of the workforce of the future. It heralds the arrival of employee-centric payroll and moves Payroll into a strategic leadership role in your company.

Provide Employees Greater Financial Wellness

By controlling the amount and timing of when they get paid, DailyPay allows employees to take much-needed steps toward creating financial stability in their lives. DailyPay reduces your employees' financial stress, which in turn increases productivity and improves retention. DailyPay also transforms the employer-workforce relationship and increases employee engagement by adding a benefit that empowers financial management. With the simple tap of a button, employees can request a transfer and receive their earnings immediately in their designated bank account or on any debit card or pay card, including Wisely Pay by ADP. Having 24/7/365 access to their earnings allows employees to pay bills on time, avoid overdraft and late fees, and fund any unexpected expenses.

No Risk to Your Business

DailyPay was architected by payments and financial experts to ensure we offer a service that meets optimal regulatory standards. We are secure and strictly adhere to all wage and hour regulations throughout every state in the U.S. Our financial model eliminates risk for the employer and employee, and it is flexible enough to support adjustments as new legislation is enacted. DailyPay funds all employee transfers and assumes all responsibility associated with errors (overpayments), fraud or risk. If the employer were to fund on-demand requests for payment, the IRS could view this as "payroll" (constructive receipt) and require the remittance of all applicable withholding tax amounts on the day a transfer is made. This is highly disruptive and burdensome to your tax-withholding schedule; it complicates your current payroll process and it's a drain on your operating capital.

Simple & Transparent

DailyPay was purposefully designed to be simple and transparent. That’s why our adoption rates are so high! The DailyPay user experience is very much like an ATM for your employees’ earnings. As employees work throughout the week, their earnings balance available for transfer increases. With a tap of a button, employees can transfer all or only a portion of their earnings into a bank account or onto a pay card or debit card, when needed, for a one-time transaction fee.

Zero Cost for Company Implementation

DailyPay only collects a fee for transfers, regardless of the amount withdrawn or the time remaining till payday. There is no set-up fee of any kind for either the employer or the employee.

Custom Reporting

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

Dedicated Professionals — There When You Need Them

Our Enterprise Partnership Management team will work with your Human Resources department to tailor our 360 Launch Strategy specifically for your business in order to maximize employee enrollment in the program. You'll also receive a dedicated Partnership Manager who functions as a program advisor and who will continue to work side-by-side with you as your DailyPay benefit program grows. We have successfully executed programs for companies with distributed workforces, multiple locations, field employees and non-English speaking employees.

DailyPay Funds All Early Pay Transfers

DailyPay funds all on-demand transfers; the employer simply processes payroll as usual. Employees will always receive 100% of their pay on payday and DailyPay is repaid for any early transfers made to employees when the employer runs their usual payroll process.
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