On-Demand Pay

On-Demand Pay

  1. What is On-demand Pay
    On-Demand Pay is a financial service that allows employees to access a portion of their earned salary before their scheduled payday. With On-Demand Pay, employees can request payment for the hours they have worked or the days they have completed, even before the typical pay cycle concludes.

    This service is designed to enable financial flexibility and alleviate short-term cash flow needs for employees who may encounter unexpected expenses or emergencies between paydays. By offering On-Demand Pay, employers aim to improve employee financial wellness and satisfaction while promoting productivity and reducing financial stress among the workforce
  1. What are the benefits of using On-Demand Pay?
    Using Earnipay offers numerous benefits to both employers and employees. Employees can access some of their earned salary before payday through Earnipay's On-Demand Pay feature, enhancing financial flexibility and managing unexpected expenses. This, alongside services like On-Demand Savings, fosters financial wellness. 

    Employers using Earnipay exhibit commitment to employee well-being, boosting morale and productivity. They also gain a competitive edge in talent acquisition. With its user-friendly digital platform, Earnipay provides convenient access to earnings, simplifying employee financial management.

  2. Who bears the cost of using On-Demand Pay?
    Some employers may choose to share the cost of the On-Demand Pay service with their employees, splitting the fees evenly between the employer and the employee. Others may opt to have the employee bear the full cost of accessing your salary early. It ultimately depends on the employer's approach to employee benefits and financial assistance programs.

  1. How much does it cost to use an on-demand service on Earnipay?
    Each withdrawal of earned salaries attracts a 5.5% flat on the disbursed amount.
    There are no interest rates, no hidden charges, just the stated fees here.
  1. Why is Earnipay connected to my employer?
    Earnipay is connected to your employer to provide the On-Demand Pay feature, allowing you to access a portion of your earned salary before your payday. This connection ensures accuracy in tracking your work hours and facilitates a seamless and secure process for accessing funds.
  1. How are my on-demand earnings for each day calculated?
    On-demand pay is calculated based on the hours worked or completed shifts by the employee up to the current date. The employee's earned salary is calculated using their hourly rate or salary, and any applicable deductions or taxes are taken into account. The available balance for On-Demand Pay is then determined by subtracting any previous On-Demand Pay withdrawals and deductions from the total earnings.  

    When the employee initiates an On-Demand Pay request through the mobile app, they can withdraw a portion of their available balance up to a certain limit set by the employer or the platform.

  2. How long does on-demand payment take?
    Payments from On-demand pay are typically instant.  However, some companies require approval so they get the funds when their admin approves. 

  3. I did not get the on-demand employee code to activate my account.
    The On-Demand employee code is typically sent to the email address that the employer used to onboard the employee. The employee needs to ensure that the email address on file is accurate and that they have access to it.

    If there's any uncertainty about the email address or if the employee is unable to locate the code, please contact your employer or reach out to support@earnipay.com for further verification and assistance. 

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