Skip to main content
TrustRadius
Payactiv

Payactiv

Overview

What is Payactiv?

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…

Read more
Recent Reviews

TrustRadius Insights

PayActiv has been widely praised for its ability to address the financial needs of employees and provide quick access to funds in tight …
Continue reading
Read all reviews
Return to navigation

Pricing

View all pricing
N/A
Unavailable

What is Payactiv?

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 employees and…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Would you like us to let the vendor know that you want pricing?

1 person also want pricing

Alternatives Pricing

What is Paychex Flex?

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.

Return to navigation

Product Details

Payactiv Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(3)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

PayActiv has been widely praised for its ability to address the financial needs of employees and provide quick access to funds in tight situations. Users have reported that receiving their wages early through PayActiv has significantly improved their satisfaction and retention rates, as it allows them to avoid falling behind on bills and handle their financial responsibilities more effectively. One of the primary advantages of this software is that it eliminates the need for employees to ask for advances, which not only prevents potential embarrassment but also reduces the reliance on paycheck advances and employee loans. In addition, PayActiv has played a crucial role in improving employees' financial security by reducing garnishments from payday loan places and helping them steer clear of predatory lenders.

Both employers and employees have found PayActiv to be instrumental in recruiting and retaining talent in a competitive job market. By providing employees with a reliable option to access their funds when needed, the software has been successful in preventing individuals from falling behind on bills and necessities. This, in turn, enables employees to pay their bills on time and avoid financial difficulties. Another use case where PayActiv shines is its ability to provide payroll advances for emergency situations and unexpected expenses. By offering this service, the software has not only improved employee attendance but has also reduced their financial stress, resulting in more balanced daily lives.

Furthermore, PayActiv has expanded opportunities for individuals to travel and has served as an additional resource for clients by functioning as a dependable outlet for accessing funds when needed. The product has encountered no major issues and consistently contributes to employee happiness by improving turnover rates and offering valuable financial options. During the COVID-19 pandemic, PayActiv has proved to be an essential partner by providing access to funds for employees facing challenging circumstances, enabling them to avoid credit card interest charges and handle essential expenses effectively. Overall, PayActiv's user experiences highlight its significance in addressing immediate financial needs while promoting stability and well-being among employees.

Convenience of paycheck deductions: Users appreciate the convenience of deducting money from their paycheck instead of borrowing or taking out a loan. This feature allows them to effectively manage their finances and avoid additional debt.

Quick access to funds: Users highly value being able to access a portion of their pay within minutes. This feature provides them with fast access to funds when needed, offering a sense of financial security.

Seamless integration with existing payroll systems: PayActiv integrates smoothly with popular payroll systems like Paychex or ADP, making it easy for users to set up and use the platform without any hassle or extra effort.

Inconvenient Clock-in Process: Several users have expressed frustration with the need to manually clock in and out on the app, leading to difficulties in submitting work hours for approval by their employers.

Manual Administration Tasks: Users report facing difficulties with user-facing administration tasks such as address changes, banking changes, password resets, and earnings reporting. These tasks have to be handled by PayActiv, causing frustration for both users and their staff members who are unable to receive assistance directly from PayActiv.

Service Functionality Issues: Some users have experienced issues with the service not functioning properly after employees are given their cards. Only a few employees have been able to access their money early, resulting in dissatisfaction among users.

Based on user feedback, PayActiv has received the following recommendations:

  1. Increase Accessibility: Users suggest expanding availability to more companies and industries to maximize benefits.
  2. Enhance User Interface: Improve the user interface to make it more intuitive and user-friendly.
  3. Offer More Features: Introduce additional features like budgeting tools and financial education resources for a comprehensive solution.

These recommendations focus on expanding accessibility, improving the user interface, and introducing more features to enhance the value of PayActiv as an employee benefit.

Reviews

(1-2 of 2)
Companies can't remove reviews or game the system. Here's why
Score 10 out of 10
Vetted Review
Verified User
Incentivized
This is a good way to help our employees to access their funds earlier which eliminates stress on an everyday basis. It allows the employees to know that when they work they can access their money early to pay bills, take care of their kids, etc.
  • Financial burden relief
  • Customer Service
  • Financial assistance
  • Better reporting
I think it is well suited because it lets the employees know that the company cares, that we want them to be able to have financial stability, and by doing that we are providing a way for them to access their funds earlier.
  • Early access to funds
  • Financial tools
  • Online availability to Uber etc
  • Better retention
  • Less employees calling out
I think Pay Activ is the only tool really we need as a company since it has more than just early access to money but can provide other tools to help you in your financial situation
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Approximately 25% of my workforce uses PayActiv during any given pay period. With access to earned wages via PayActiv, my employees no longer have to come to me for a payday advance. Having this access has been a real help to my staff
  • It is seamless for me and my office staff
  • In all the time we have used it we have never had a problem or issue
  • Does not cost me any time or money
  • I have no suggestions for improvement, it's never been a problem for my office staff and we have never had a complaint from the field staff, which is most of our employees.
Ours is a service industry and not a high-paying one. Staff and this level of employment don't always have funds available for even minor problems, like a car repair. PayActiv enables them to get the funds they need in situations like that without even [having] to talk to the office.
  • Once set-up it is seamless to use
  • Does not cost me or my office staff any time or money.
  • Sorry, not something we track, but I believe it has an impact on worker dignity, they don't have to come to me hat in hand ask for an advance.
I have not used any other products like PayActiv, I have been very pleased with this relationship. Like I said, in the 7+ years we have used them we have not handed a single problem. They work seamlessly with our payroll company and we have not had a single complaint from any of our staff that uses it.
Return to navigation