Earned Wage Access
Employees can access up to $1,000 of already earned wages instantly. Funds are transferred to the employee's bank or card or are picked as cash from a Walmart Money Center. In addition, earned wages can be used to access Uber, Amazon, or Pay Bills directly from the PayActiv app. This has major implications for employees and employers, as on average, financially stressed employees take an extra four sick days each year and financially stressed employees lose an average of 6.9 hours a week of productive time at work as a result of stress-related "presenteeism". With the availability of PayActiv and without day to day money stress on their minds, employees report being able to focus on their jobs, increasing company revenue via higher productivity and better customer service.
Payactiv Prefunds the Cash
- Payactiv prefunds the cash to employees so no change is required to the cash flow of your business.
- The money taken by employees using Payactiv is deducted from upcoming paychecks when payroll is processed—just like any other deduction. There is no change to payroll and associated taxes.
Transfer to a Card or Bank Account
- Instant transfer to the Payactiv payroll or prepaid card.
- Users can transfer funds to their bank or card.
- No change is required to their banking information.
Access for the Underbanked and Underserved
- Use Uber anytime from the Payactiv app, no credit cards or Uber account is required.
- Load funds on an Amazon gift card, no additional cost.
- Pick as cash from the nearest Walmart Money Center.
- User can pay bills directly from the Payactiv App.
Payactiv Visa® Payroll Card
Optimize workforce payout management while giving employees any day access as they earn, and early deposit of pay at no cost. Save time and money on printing paper checks and issue off-cycle payments whenever you need to. Your employees have the benefits of electronic payments with no hidden fees. When using the Payactiv Payroll Card for direct deposit, employees pay zero program fees for Earned Wage Access.
Efficiently Issue Payments
- Eliminate paper paychecks and increase direct deposit participation
- Instantly pay off-cycle payments
- Offer cashless payments of tips and mileage
Safe and Compliant
- Improve payroll security and decrease check fraud
- Reduce the amount of lost and undelivered paychecks
- Stay compliant with federal and state regulatory obligations
Easy to Implement
- Zero cost to employers
- No disruption to your cash flow or business process
- Instant issue cards are available for employees to get started immediately
Replace the outdated manual calculations, delays, and hassle of having enough cash on hand to disburse your employees' tips and mileage with Payctiv's TimelyTips™. Service industry employees rely on more than half of their income to come from tips. We can help you automate electronic disbursements of employees' tips on the Payactiv card or any card or bank account of employees' choice. You can eliminate the need to keep large amounts of cash on hand and rest easy with a 2-day cash float.
Happier Employees with Better Tips
- Increase cash flow with Payactiv's 2-day cash float
- Give your employees better access to their tips
- Eliminate trips to the bank and armored car deliveries
- Save time on processing and disbursing daily tips
- Reduce errors related to manual processing of tips
- Works with your existing POS system, no disruption to your business
Reward accomplishments or recognize a job well done and see an increase in employee productivity and happiness. Employees want to be recognized for their contributions and acknowledged for being a part of the team. Payactiv Awards make it easy for managers to electronically distribute rewards and for employees to convert them into cash.
A Job Is More Than a Paycheck
- Workers who are appreciated are more willing to go the extra mile to provide superior products and services
- Happy employees are more motivated to engage in solving business problems and provide excellent customer service
- Employees are looking for workplaces that appreciate them and recognize their contributions.
Encourage staff members to pick up extra shifts—even late-night and holiday shifts—with access to pay the next day in their bank, debit, or prepaid card, at no cost to your employees. Managers can select the shift that they want to sponsor with TimelyPay and PayActiv will do the rest of the processing—Employees can access up to 65% of the earned wages for sponsored shifts, PayActiv fronts the money to the employees and gets reimbursed by the employers on payday.
Saving and Budgeting
Empower your employees on their journey to financial wellness with an award-winning budgeting and savings tool.
Uses Behavioral Conditioning
- PayActiv uses a unique approach to help users save, for instance, if you make $10/hr you can set a goal of saving $400 for an emergency fund by saving one hour a day for 40 days.
- Employees can create custom categories and allocate funds for major expenses and track daily savings progress from their app.
Saving as You Earn
- The amount set for savings is moved to the savings account at every pay period.
- Employers can match up to a certain percentage of the amount saved by their employees or employers can offer higher interest rates on savings by subsidizing the interest cost.
Simply enter your zip code and find prescription drug discounts for local pharmacies. All you have to do is show the Payactiv app at the checkout register.
Unlimited access to appointment based 1-1 counseling with trained financial coaches. Users can also access free self-paced financial learning recourse integrated through the mobile app and website to help make informed financial choices.
Budget and Savings Strategies
- Helping employees improve their budgeting skills and savings strategies
- Aiding employees in understanding their credit, improving their credit and increasing their credit scores
- Counseling employees to understand their options to reduce and pay off debt-from debt management to debt settlement and bankruptcy.
A rich backend provides components for HR to create the ideal workplace environment for engagement, retention, and recruitment.
Manage the Program
- View active users and the history of transactions
- Manage payroll card inventory and instantly issue cards
- Administer rewards
- Send and track notifications to employees, such as training materials.
Analytics & Reports
- Get adoption and impact reports for your business.
Over 3,500 businesses offer Payactiv services to more than 2 million end users. Fully integrated with Kronos Workforce Dimensions and Workforce Ready.
Designed for all Businesses
- Fully configurable
- Meets the highest security and compliance standards
- Supports multiple locations
- Accessible anytime, anywhere, from a phone app or web interface
- Multiple language support available
- Add-on features available for employee motivation and communication
- Easy implementation, can be rolled out within 48 hours
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