No-risk, no-cost offering for employers
ZayZoon Earned Wage Access (EWA) doesn’t cost you a cent. All Earned Wage Access requests are 100% funded by ZayZoon with no risk or liability to the employer. Funds are automatically recovered by ZayZoon on the next pay run.
Low-fee and free employee payout options
Employees pay a small fee when they use ZayZoon Earned Wage Access to deposit funds directly into a bank account or through Venmo. Free payout options are also available through the ZayZoon VISA® PrePaid Card, Instant Gas Card or ZayZoon Instant Gift Cards, which offer up to a 25% bonus.
Use on-demand pay anytime, anywhere
Employees can access and use ZayZoon—anytime, anywhere. It’s available for desktop and mobile on all iOS and Android devices. Employers can use ZayZoon to track employee usage, access promotional resources and drive adoption.
Eliminate overhead and the risk of giving cash advances
Over 63% of employees live paycheck to paycheck.* Some rely on payday loans to get by or suffer bank fees while waiting for their next paycheck. Others might turn to you for a cash advance. Unfortunately, customizing a payroll run can eat up valuable time. With Earned Wage Access, employees get their wages when they need them and you don't need to lift a finger.
*CNBC. 2022. More Americans live paycheck to paycheck as inflation outpaces income.
24/7/365 support
Tired of talking to bots? Us too. No matter the issue, with ZayZoon you and your employees can always expect to receive service from a real human being. And when it comes to maintaining the app, we do all the heavy lifting, so you can take all the credit.
Reduce turnover and save on hiring costs
According to a recent PwC survey, 38% of employees will quit their job before year’s end.* But it doesn’t have to be that way. Businesses have experienced up to a 29% reduction in turnover thanks to Earned Wage Access. In other words, for every 200 employees, you stand to save $19,200 annually on hiring.**
*PwC. 2023. Employee Financial Wellness Survey.
**SHRM. 2017. SHRM Talent Acquisition Benchmarking Report.
Make recruiting easier
It's a tight labor market and candidate expectations are at an all-time high, which can make hiring a challenge. Businesses that offer employee benefits like Earned Wage Access receive 2x more job applicants than those who don’t.* Advertise that you offer ZayZoon in job postings to demonstrate your commitment to employee financial health and start attracting top talent.
*PwC. 2023. Employee Financial Wellness Survey.
Reduce employee stress and improve financial wellness
When employees are financially unwell, they’re less productive and engaged—which impacts your bottom line. 76% of employees say ZayZoon reduces financial stress by covering cash flow shortfalls and providing a free suite of financial wellness tools.* ZayZoon Financial Wellness offers beginner, intermediate and advanced educational courses and articles covering everything from opening your first bank account to building credit. Help your employees cover any unexpected expenses and avoid the pitfalls of high-interest loans, predatory payday lenders, and high bank overdraft fees.
*ZayZoon. 2023. Insufficient Fun Report.
Offer something employees need now
On average, 30% of employees sign-up for ZayZoon, and 47% of early wage requests are used to cover necessities, like gas and food.* You've spent countless hours and dollars offering employee benefit programs that workers don't use. In just half an hour, you can empower them with Earned Wage Access and provide them with something they need right now.
*ZayZoon. 2023. Insufficient Fun Report.
Security you can trust
When it comes to security, we provide a safe and trustworthy place for your data. We maintain SOC 2 Type II compliance and are regularly evaluated by auditors with the American Institute of Certified Public Accountants (AICPA).
ADP Marketplace Partner Award Winner
ZayZoon, an Earned Wage Access provider for small and midsize businesses, has been awarded Partner of the Year at the 2023 ADP Marketplace Partner Summit. ZayZoon's commitment to delivering innovative solutions and excellent customer service earned them the highest partner level in the ADP Marketplace Partner Program. At last year's summit, the company was awarded the 2022 Rising Star Award.