What is Rain?
Rain provides employers with a suite of financial health and on-demand pay benefits that can be offered to employees, allowing staff to access a portion of earned wages prior to payday, and proactively build financial wellness. In addition, the vendor states their mission is to regrow individual freedom by giving people control over their income and finances. They aim to displace predatory financial products like payday loans and overdraft fees.
The Rain Instant Payment platform is presented as free and easy for employers to implement. When an employer agrees to work with Rain, employees are invited to download the free Rain Instant Pay app from the Apple or Google app store. The employees will have early access to portions of their wages. Rain charges a small transaction fee, similar to an ATM fee.
Categories & Use Cases
Technical Details
| Deployment Types | SaaS |
|---|---|
| Mobile Application | No |
| Supported Countries | USA |
FAQs
What is Rain?
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 income and finances. They aim to displace predatory financial products like payday loans and overdraft fees.
The Rain Instant Payment platform is presented as free and easy for employers to implement. When an employer agrees to work with Rain, employees are invited to download the free Rain Instant Pay app from the Apple or Google app store. The employees will have early access to portions of their wages. Rain charges a small transaction fee, similar to an ATM fee.
What are Rain's top competitors?
DailyPay, Payactiv, and ZayZoon are common alternatives for Rain.