On-Demand Payment Platforms
All Products
(1-23 of 23)
Paylocity provides 24/7 access to your online payroll and human resource data management. Paylocity offers highly customizable payroll functionality, as well as HR, benefits administration, and time and talent management programs.
Dayforce HCM is a cloud-based platform encompassing HR, payroll, benefits, and talent and workforce management. It provides companies with a scalable framework and real-time data, such as continual pay calculations, to enable efficient decision-making.
Paychex Flex, of Paychex' Online Payroll Services, is a cloud-based human resource management and payroll platform. Paychex offers core and specialized services, and scales to meet the needs of small businesses, SMBs, and large enterprises.
Fintwist by COMDATA is a payroll card solution, supporting on-demand payment, as well as expense management via corporate cards.
DailyPay is an on-demand pay solution designed to provide employees with access to their earned wages before the traditional payday. This platform caters to businesses of all sizes, ranging from small enterprises to large corporations, and is widely used across various industries,…
CloudPay is a payroll management tool designed specifically for organizations that have an international workforce. They offer payroll automation services, an earned wage access platform as well as global treasury services to ensure any employee no matter their location gets the…
Founded in 2008, FinFit is a financial wellness benefit platform boasting over 360,000 clients. Through personalized financial assessments, premier educational resources, emergency savings accounts, online money management tools and one-on-one financial coaching, FinFit motivates…
Instant Financial is an Earned Wage Access platform that gives employees access to their pay immediately after each shift. Instant enables employers to help their workforces kick the stress of daily finances so they can focus on the job at hand.
rapid! PayCard is an on-demand payment solution for employers that eliminates paper checks, frmo Green Dot headquartered in Austin, Texas. The solution boasts zero employer fees for the rapid! PayCard program including no fees for card inventory, no training fees and no paycard…
Rain, headquartered in Santa Monica, provides employers a benefit that can be offered to employees to access their earned wages, boasting users among companies like Walmart and Uber. The vendor states their mission is to regrow individual freedom by giving people control over their…
TipHaus saves restaurant and hospitality managers time by automating service employees tip and wage distribution. The SaaS is presented as a customizable and user-friendly way for the service industry to handle tip sharing, tip pooling, letting managers worry about running their…
Payactiv, headquartered in San Jose, offers their eponymous platform to enable employees to get financial relief between paychecks, a service the vendor states is needed by two-thirds of the workforce. They give businesses the tools essential to ease the financial stress of their…
CyberSource, acquired by Visa in 2010 and now part of Visa Acceptance Solutions, is payment technology, and includes offerings with flexible payment solutions that work across the globe.
minu for business is a financial health tool that enables companies to offer on-demand payments to employees.
A financial wellbeing app founded with charities, designed for frontline workers, built around pay. With its on-demand payment capability, employees can access up to 40% of their earned pay at any time, including the day before payday. There is no impact on the company's payroll…
Tapcheck is a financial wellness benefit that allows employees to access their earnings before payday, from the company of the same name in Tarzana, California. Available at no cost to employers, Tapcheck uses a mobile app to give workers greater control over their finances, which…
FlexWage, headquartered in Scottsdale, Arizona, states their goal is to provide workers with safe and responsible solutions to cash flow volatility and financial wellness, stating that using earned wages to manage cash volatility enables employees to avoid the high cost and stress…
ZayZoon is a financial responsibility software used to improve productivity, employee retention and recruitment. ZayZoon provides Wages On-Demand so employees can access to their earned wages before payday, and a financial wellness platform that teaches employees how to use those…
fastP.A.Y.E is an earned wage access solution that gives employees access to part of their already earned wages before payday as well as other essential financial wellbeing tools that can support them through the cost of living crisis. It also provides access to financial education,…
The Branch Employer Payments Platform is an enterprise-wide self-service scheduling tool for hourly employees. Branch is currently adopted at the enterprise level in retail, restaurant, hospitality, call centers, fitness, banking, and airlines. It is used to disburse one time payments…
Earnin, headquartered in Palo Alto, aims to build a financial system that works for people. Earnin is an app that lets people get paid as soon as they leave work, with no fees, interest, or hidden costs. App users can receive their money in their bank account instantly, and Earnin…
fidomoney provides tailored financial solutions designed for startups and small businesses. One of their key products is a business current acco…
Legion, headquartered in Redwood City, helps companies manage their hourly workforces. Legion WFM, an AI-powered workforce management platform, helps companies maximize labor efficiency while increasing employee engagement. The vendor boasts customers across industries including…
Learn More About On-Demand Payment Platforms
What are On-Demand Payment Platforms?
On-Demand Payment Platforms offer convenient and early access to payroll W-2 and 1099 wages, cashless tips, mileage reimbursement, and paystub information through online web-based access, mobile apps, direct deposit, and payment/debit cards.
This payroll service enables workers to receive some or all their wages as they are earned. This is called on-demand pay or earned wage access (EWA). For employees, it is an attractive alternative to traditional payroll scheduling. Employees have the flexibility as to when to use the service. Some platforms provide instant access to funds, and most platforms support the same-day transfer of funds. Depending on the employee’s bank account, it can take another one to two days to receive the payment. When on-demand payment is not utilized, wages are paid during the regularly scheduled pay period.
Their features are often included in Payroll Software, HR Management Software, and Benefits Administration Software. On-demand payment can also be found within financial wellness platforms; that provide tools to inform and encourage responsible financial decision-making.
On-Demand Payment Platforms Features
On-Demand Payment Platforms include many of the following features.
- Support on-demand payment of W-2 and 1099 wages, cashless tips, and mileage reimbursements
- Advance payment of wages
- Instant payment of hourly wages
- Flexible usage - employees can elect when to use or not use the service
- Digital wallet, checking account, prepaid card, debit card payment options
- Rewards, cashback
- Access payroll and paystub info
- Instant payment notifications
- International workforce support
- Online web-based access
- Mobile apps
- Security
On-Demand Payment Platforms Comparison
Consider the following when purchasing On-Demand Payment Platforms.
Scope: Stand-alone On-Demand Payment solutions are available; however, they are often included in Payroll and Human Resource software suites.
Use Cases: Some vendor products are geared to the instant delivery of hourly wages; others support businesses and organizations with international workforces.
Ease of Use: By enlisting an on-demand payment service to enroll employees, companies can offer on-demand wage payments usually without the need to change their current payroll procedures.
Compliance: If employers pass along some or all the costs for this service and charge employees fees when using on-demand payment, employers will need to address related regulatory compliance rules.
Employee Taxes: The timing and frequency of when employees use on-demand pay can result in varying wage taxation on their standard pay. Employee education on this subject should be considered.
Pricing Information
On-Demand Payment Platform fees are driven by the number of employees and frequency of usage. Vendor quotes are usually required. A few platforms offer on-demand payment services without any employer or employee fees when using the provider's payment card for the deposit. Some vendors offer on-demand payment functions at no additional charge when purchasing their payroll software and services.