PayActiv Commitment
Empowering lower-income workers with tools to avoid exploitative Fin-Tax™ 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.
Avoiding one penalty at a time. Reducing one debt at a time. Realizing one dream at a time.
Photo Credit: Craig Froehle
Fin-Tax Paid by the Financially Stressed
2014 CFSI Underserved Market Size
Fin-Tax Paid by the Financially Stressed
2014 CFSI Underserved Market Size
Payday Loan Fees
Overdraft Fees
Bank & Money Fees
Subprime & Title Loan Fees
Subprime Auto & Buy Here Pay Here Fees
Credit Card Interest & Fees
Late Fees & Reconnect Charges
Why it Matters
On average, low-to-moderate income families would pay more than $300/month in fees and interest.
"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.


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.


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