What is EarlyPay?
Access EarlyPay allows eligible employees to draw down on their current earnings before pay day using their estimated accrued gross earnings for hours they have already worked in the period. Employees can then request an on-demand payment. When pays are processed, the on-demand amount and transaction fee, if applicable, are deducted from the employee's net pay.
How does it work?
EarlyPay uses pay information to estimate employees' accrued gross earnings for hours they have already worked, either based on the employees' autopay or hours sent from the EarlyPay worksheet. Employees can then request an on-demand payment based on that value using the EarlyPay app. When pays are processed, the on-demand amount and any applicable transaction fees are deducted from the employee's pay.
The amount available for employees to request is capped at either a percentage of their accrued gross earnings or a dollar amount or both. Where both caps are set the lower value applies.
Employees can request their payment as either cash or selected retail discount vouchers. A transaction fee applies to cash payments but not vouchers.
Note: Employees with a non-weekly pay frequency are eligible to be enabled for EarlyPay.
For more information about EarlyPay refer to our website link below:
Getting Started with EarlyPay
Please contact your Account Manager to discuss the process and cost. You will then work with a Consultant to enable and set up EarlyPay for your organisation. The Setup Guide below can be used to work through the enablement and the EarlyPay Setup Wizard.