The Walden Pond-Control When You Get Paid with Jason Lee | Thomas Renard
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The business model is simple. When you are working, your employer reports your hours to DailyPay through their software. Your hours are converted into an available balance that you can access whenever you want before payday. Everything you take initially is deducted from your paycheck on payday. There is no charge to your employer, but you pay a one-time transfer fee each time you request a payment.
Making their wages available to employees when they need them helps reduce cash loss to almost zero. Jason also discovered that parking meter compliance increases when businesses implement DailyPay. See less –