The Access EarlyPay app allows employees to access pay they've already earned on demand, helping them with financial management and leading to a more engaged workforce and lower staff turnover.
On-demand pay service is a modern financial service that allow employees to access their pay early. EarlyPay currently integrates with Access suites of products including MicrOpay Evo:
Employees can withdraw their earned income via the EarlyPay app.
The Access Group pays the money directly to the employee's bank account.
The withdrawal and fees are logged in your payroll system.
At payroll reconciliation, withdrawals and fees are shown as deductions.
On payday, the employee receives their net pay and will see the withdrawal amount plus the transaction fee on their payslip.
Direct debit collects withdrawal and transaction fees after your payroll date.
It’s as simple as that!
Employees can withdraw their earned income via the EarlyPay app.
The Access Group pays the money directly to the employee's bank account.
The withdrawal and fees are logged in your payroll system.
At payroll reconciliation, withdrawals and fees are shown as deductions.
On payday, the employee receives their net pay and will see the withdrawal amount plus the transaction fee on their payslip.
Direct debit collects withdrawal and transaction fees after your payroll date.
The EarlyPay app allows employees to see how much they could draw down from the salary they have earned so far this month. Employees can withdraw at any time of day, with just a few taps on your mobile phone. This money then appears in your bank account in a few minutes.
It’s your pay, you’ve earned it, so if you need it now you can have it, before pay day.
As an employer, you may not be able to increase salaries, but you can help to reduce the pressure and boost your employee's financial wellbeing by allowing them access to their accrued salaries. All while reaping the business benefits of a more engaged workforce, increased retention, and higher competitivity in the recruitment space.
