OnDemand Pay is a voluntary benefit from FlexWage that allows your employees early access to their pay to avoid expensive borrowing and overdraft fees when they need cash. It gives your employees more control over accessing their pay when they need it. There is no financial risk as the employee has already earned the pay.
Employers can improve employee productivity, satisfaction and retention, accelerate payroll card adoption and cost savings, while improving employee financial wellness.
OnDemand Pay is the first and only patented solution in the growing Earned Wage Access (EWA) industry.
How Does OnDemand Pay work?
OnDemand Pay gives your employees more control over accessing their pay when they need it. FlexWage interfaces with your payroll and time & attendance software to calculate employees’ earned wages. Companies’ policies set the frequency and percentage of the net accrual that employees may access.
Our patented system interfaces directly with companies’ Payroll and Time & Attendance software to calculate employees’ earned wages. Employees may access a portion of their earned wages prior to payday when cash flow challenges arise.