The Payactiv benefit to employers and employees has been quantified by Harvard Kennedy School and published in WSJ
Users can transfer their earned wages to their bank account, Payactiv card, or pick up cash at Walmart. We front the money.
Pay a bill, call an Uber and get daily necessities from Amazon with EWA funds directly from the Payactiv app.
Both free and low-cost options help save an average of $200 a month in overdrafts, late fees, and high-interest loans.
Exempt, non-exempt, part-time, salaried, everyone can use EWA from day one through an easy opt-in enrollment process.
They can even use their earned wages to call an Uber and get daily necessities from Amazon, or pay bills directly from the Payactiv app.
2M+ workers have saved $400M+ with Payactiv. Meet one.
Payactiv is proven to increase retention by an average of 30% and can save businesses millions in turnover cost.
Payactiv partners with all major HCM, payroll and T&A providers like ADP, Paychex, Kronos and over 70 others.
Payactiv fronts the money requested by your employees and is paid back when you process payroll normally. It’s a zero-cost benefit that requires no change to cash flow.
Timely access to earned wages helps tackle day to day finances without worry. The app also includes free financial learning and counseling, discounts, and goal-based savings.
We do. Payactiv fronts the cash to the employees. There is no income or expense impact for the employer.
There are no setup or recurring costs to the business. Even if an employee discontinues their employment, there is Zero Risk to employers, as Payactiv protects employers against financial losses associated with our service.
Employers or designated payroll providers process payroll. Services within Payactiv’s financial wellness program are independent of payroll and associated taxes.
Payactiv has API integration with most payroll and time and attendance system. Highest security standards are followed.
For salaried employees, Payactiv works as it would for any user.
The only Name, Employee ID, and Clock In Clock Out information is needed.
Once an employer agrees to offer Payactiv as an employee benefit, the service can go live within 48 hours. We provide on-site implementation and training where required.