Maximize employee retention, engagement, and recruitment
50% of Canadian employees live paycheque to paycheque. Attract and retain top talent by supporting your employees’ financial wellness with our award-winning Earned Wage Access benefit and give your employees access to their earned wages before payday 1 – at no cost to your business.
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Is financial stress hurting your bottom line?*
Is financial stress hurting your bottom line?*
Employee financial stress leads to low retention rates, productivity, and employee satisfaction. Payactiv’s Earned Wage Access helps employees save money and avoid predatory fees and loans, ultimately supporting their financial wellness.
2/3
of employees
experiencing financial stress results in your workforce becoming 2x more likely to turn to payday loans, overdrafts, and other costly alternatives.
9/10
of employees
want Earned Wage Access through their employer, 89% would stay longer if they had EWA, and 79% would switch jobs to get EWA.
in retention and an average of 16 hours per employee per month gained in productivity by businesses that offer EWA
The Payactiv Financial Wellness Platform
Earned Wage Access
Your team can access the money they have already earned, between paydays, and transfer it to their bank account, or apply those wages towards an Uber or an Amazon account.
Employees are empowered to save hundreds of dollars a month in late fees, overdraft charges, and interest payments while reaching their financial goals.
Seamlessly integrate your payroll processes with Payactiv. We front the money so your employees are covered without disrupting your existing process.
Financial Learning & Coaching
With their Payactiv account, employees gain access to financial learning resources and personalized 1-on-1 coaching for better money management.
Payactiv Connect
A helpful section in the app that serves as a hub for notifications, reminders, app feature tips, and more.
It’s as seamless as…
Compliance
Payactiv is authorized to provide services in all provinces and territories.
Security
ISO27001, SOC1 Type II, SOC2 Type II, PCI DSS Level 1 certified. We use multiple authentication options.
Configurable
Our platform supports SSO, internationalization, and 450+ rules to customize the service for your business.
Payactiv has saved 4,500+ businesses $1Billion+*
* Statistics mentioned are based on U.S. studies.
1 Earned Wage Access requires employer participation. Employees can only access a portion of the wages they have earned to date.
2 Standard message and data rates from your wireless service provider may apply.
Awards
Additional Resources
10 Tips for Building Financial Security
Start building financial security today with Payactiv. These 10 tips can help put you on a path to financial stability and security
12 Budgeting Tips for Beginners For Every Financial Situation
If you have financial goals on your mind, you’re likely concerned about the dreaded B-word—budgeting. But if you’re going to save money, a few budgeting
How to Spend Less by Ignoring the Joneses
When people in our lives get the latest iPhone, shoes, car, or tech gadget, it can be easy to feel left behind. We live in
Let’s work together
Get in touch to request a demo for your company.
Have questions? We have answers.
How long does it take to start offering Payactiv to employees?
Once an employer agrees to offer Payactiv as an employee benefit, the service can go live within 4-8 weeks. We provide implementation and on-site training where required.
How does the service work for salaried employees?
For salaried employees, Payactiv allows 40 hours per week Monday through Friday.
How do you receive time and attendance data?
Payactiv has API integrations with most payroll and time and attendance systems. We follow the highest security standards possible in the industry.
How much does it cost businesses to offer Payactiv?
There are no setup or recurring costs to the business.
Who funds the money accessed by employees?
We do. Payactiv fronts the cash to the employees. There is no income or expense impact for the employer.
What employee information do employers share with Payactiv?
We require the employee’s legal first and last name, employee type, hourly rate, employee ID, hours worked, date, and pay codes.
