The Powerful Impact of DailyPay and Earned Wage Access
DailyPay’s earned wage access (EWA) benefit is revolutionizing the workplace and putting financial control into the hands of employees. It's more than just a perk—it's a powerful tool for creating a happier, more productive workforce.
When employers offer DailyPay, they aren't just changing payday; they're impacting lives.
Improving Financial Wellness for Employees
A recent study conducted by Arizent and Employee Benefits News on behalf of DailyPay found that EWA—also known as on-demand pay—helps employees gain greater financial wellness in a number of different ways.
- 72% of DailyPay users say that DailyPay helps them feel more confident in managing their finances.1
- 69% of users who previously paid late fees do so less often or stopped completely since using DailyPay.2
How Will the Recent CFPB Ruling Affect EWA Providers?
In this episode of The Source, payroll futurist Pete Tiliakos and American Fintech Council CEO Phil Goldfeder discuss the Consumer Financial Protection Bureau’s (CFPB) interpretive ruling on Earned Wage Access (EWA) and how it will affect the industry.
Motivating American Workers To Succeed at Work and Life
According to a recent survey conducted by the Harris Poll on behalf of DailyPay, 82% of all hourly workers whose employer offers on-demand pay say it is one of their favorite benefits, and 84% of workers say getting paid is what motivates them to go to work every day.3
Helping Americans Be Financially Responsible
Most people using EWA use it for essential bills and services. Seventy-eight percent of users surveyed by Mercator Advisory Group say food and groceries were the top area in which they used on-demand pay support the most, followed by utilities (64%) and transportation and car insurance (54%).4
Improving Workplace Productivity
Over half (55%) of DailyPay users say they pick up at least one extra shift per month because they know they can access earned pay ahead of payday.5 Additionally, 63% of DailyPay users say that DailyPay gives them more time to think of other things in their life besides money.6
How IntelyCare Created An Employee-First Culture With DailyPay
Killing Payday Loans and Eliminating Overdraft Fees
DailyPay partnered with research firm Aite-Novarica to commission a study that found that 95% of DailyPay users either stopped or reduced use of payday loans after using DailyPay. Annual savings from this are conservatively estimated at $930–$620.
Another 97% of users say they overdraw their accounts rarely, never or less after using DailyPay, saving people approximately $660 per year.
Supporting the Next Generation of Innovators
The Thurgood Marshall College Scholarship Fund helps support top talent from America's Historically Black Colleges and Universities (HBCUs) with tech mentorships and creative programming. During its weeklong PITCH™ competition, scholars from HBCUs and Predominantly Black Institutions (PBIs) took part in an immersive entrepreneurial experience.
DailyPay Earns BBB® Accreditation for the Seventh Consecutive Year
We pride ourselves on being an ally to employees and employers everywhere. This milestone reflects our ongoing commitment to ethical business practices and customer satisfaction. As a leader in on-demand pay solutions, we continue to innovate, providing financial flexibility to workers and helping businesses attract top talent.
Committed to Your Happiness
NPS Score – 70
We’re thrilled to mention that our customers have propelled us to one of the highest Net Promoter Scores (NPS) in the industry.
Stories
Tackling Predatory Practices and Promoting Responsible EWA
DailyPay advocates on the most important issues to our community, from battling overdraft fees and payday loans, to the built-in consumer protections of employer-integrated EWA.
Learn more here in articles by DailyPay’s own team on these important issues.
we rise together
Hear What Our Incredible Users Have to Say
“DailyPay is a God send, keeps me from having to use payday loans. What a great idea.”
Debra S.
we rise together
Hear What Our Incredible Users Have to Say
“I love that I have my money available to me before I wake up the next day after working and it's my choice to transfer it or leave for payday.”
Shawnda L.
we rise together
Hear What Our Incredible Users Have to Say
“DailyPay equals daily happiness. Allows you to control your financial future. Completely satisfied. Will look for employment opportunities that utilize DailyPay in the future.”
Marc R.
we rise together
Hear What Our Incredible Users Have to Say
“I love daily pay. Whenever I need my money for bills, I don't have to wait for my paycheck. It's fast and easy.”
Gloria L.
See Why Top Companies Choose DailyPay
Empowering for Employees
Greater financial control with access up to 100% of their DailyPay balance to meet the challenges of unexpected financial disruptions.
Improved planning with visibility to spending and earned pay in one easy-to-use app.
No need for a pre-existing checking or savings account.
Simple and Secure for Employers
Minimal change to payroll processes — DailyPay handles it all.
Seamless integration with HCM, payroll, banking and benefit applications.
Enterprise-grade platform that keeps data private and the service running so it's always there when your employees need it.
Trusted by leading Companies