PayActiv commitment
From our inception, we made a commitment to "reduce the systemic burden placed on hardworking individuals." With this goal we invented PayActiv, a fair and safe solution for working people who are struggling to pay bills without getting deeper in debt. 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.
Avoiding one penalty at a time. Reducing one debt at a time. Realizing one dream at a time.
Photo Credit: Craig Froehle
Every time someone uses PayActiv, they avoid an impending financial penalty. Small savings add up and help pay off old loans faster. Stress-free life is when you can dream for tomorrow.
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.
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
Your employees are able to avoid predatory fee-debt traps and better manage income-expense needs all without incurring any additional debt.
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
Employers can make the change
By offering PayActiv, employers create positive change for their employees and protect them from falling into fee-debt traps for occasional financial shortfalls.
NO MORE LATE PAYMENTS
NO MORE INTEREST PAYMENTS
NO MORE FINANCIAL STRESS
Sources: American Community Survey 2014; CFSI Underserved Market Size Report 2014; US Census NAICS