PayActiv Commitment

Empowering lower-income workers with tools to avoid exploitative FinTax and manage finances with security, dignity, and savings.

From our inception, we made a commitment to reducing the systemic burden placed on millions of lower-income workers who are exploited unfairly by predatory lending practices and are excluded or disadvantaged by a banking system geared for higher income earners.

Through our holistic financial wellness platform and timely access to earned wages, a fair and safe solution for working people living paycheck to paycheck, we are giving users the tools to reach financial resilience and wellness. What we have discovered is that we are not alone in our mission, every new business that offers PayActiv force multiplies in doing good by their low-income workers.

Together with forward-looking businesses that practice corporate social responsibility we make a positive impact in society.

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Avoiding one penalty at a time. Reducing one debt at a time. Realizing one dream at a time.

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  Photo Credit: Craig Froehle 

FinTax Paid by the Financially Stressed

2014 CFSI Underserved Market Size

$8 billion

Payday Loan Fees

$25 billion

Overdraft Fees

$10 billion

Bank & Money Fees

$27 billion

Subprime & Title Loan Fees

$43 billion

Subprime Auto & Buy Here Pay Here Fees

$25 billion

Credit Card Balance Interest

$10 billion

Late Fees & Reconnect Fees

FinTax Paid by the Financially Stressed

2014 CFSI Underserved Market Size

$ billion

Payday Loan Fees

$ billion

Overdraft Fees

$ billion

Bank & Money Fees

$ billion

Subprime & Title Loan Fees

$ billion

Subprime Auto & Buy Here Pay Here Fees

$ billion

Credit Card Interest & Fees

$ billion

Late Fees & Reconnect Charges

Why it Matters

On average, low-to-moderate income families would pay more than $300/month in fees and interest.

Debt traps - financial services living paycheck to paycheck

"Firms such as PayActiv are dis-intermediating the payday lending market, dropping the costs of borrowing by 90%."

Sanjiv R. Das, Santa Clara University
The Future of FinTech

Every time someone uses PayActiv, they avoid an impending financial penalty. Small savings add up and help pay off old loans faster.

Read what our users are saying

Strategic corporate social responsibility in action.

Without PayActiv

With less than $400 in savings, half of the working population is paying crippling costs in bank overdraft and payday lending fees for their short-term small-dollar financial needs.

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Overdraft and payday lending revenue across the U.S.

$38 billion in 2014

2014 CFSI Underserved Market Size, R.K Hammer

FEES
High cost of access

INTEREST
Prohibitive interest rates

FINANCIAL STRESS
Restricted access and increased cost for auto insurance, rent, lease, and loans

Sources: American Community Survey 2014;  CFSI Underserved Market Size Report 2014;  US Census NAICS

With PayActiv

By offering PayActiv, employers create positive change for their employees and protect them from falling into fee-debt traps for occasional financial shortfalls.

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AVOID
Fee-debt traps

ALLOCATE
Align income with expenses

SAVE
Build savings and credit for future plans

Sources:  American Community Survey 2014;  FDIC National Survey of Unbanked and Underbanked 2013; CFSI Underserved Market Size Report 2014;  US Census NAICS

"I have room for dreams now."

Michelle Dean, Administrator, Veterans program, Goodwill Silicon Valley

Businesses offer PayActiv to create financial inclusion, upward mobility, and equity in their communities

 Introduce PayActiv wellness benefit at your workplace

Businesses offer PayActiv to create financial inclusion, upward mobility, and equity in their communities

 Introduce PayActiv wellness benefit at your workplace

It's more than a paycheck.
It's peace of mind.

It's more than a paycheck. It's peace of mind.

© 2018 – PayActiv, Inc. All Rights Reserved