Employees can request a payout of their earned wages at any point during the pay cycle, including evenings, weekends and holidays, directly from their mobile device. Notifications are sent to employees when funds have been deposited and are available for withdrawal.
On-Demand Pay uses continuous calculations so requests are based on actual earnings, not predictions. Net pay is consistently kept up-to-date which helps to reduce the risk of overpayment. This enables you to pay your employees accurately and when they need it.
Payroll administrators can easily set controls over various functions for on-demand requests. Limitations can be set according to your specific business rules, such as minimum and maximum request amounts, the number of requests per day, and the timing of the request to help minimize abuse of the feature.