Within this uncertain climate, having the ability to pay employees immediately has become increasingly important especially during the COVID-19 crisis. More than ever, emergency situations are arising and are creating a demand for more flexible payment solutions. Fingercheck’s Pay On-Demand feature alleviates such issues, giving employees access to their wages anytime.
“Pay On-Demand overcomes the challenges associated with waiting for your paycheck to arrive on its designated payday”, say Fingercheck CEO Joel Kohn.
The platform (available to all payroll clients of Fingercheck) has been an “in-demand” and popular feature since it launched in early 2019.
“It solves the issue many, living paycheck to paycheck, face by keeping employees financially prepared for both unexpected and day-to-day living expenses”, Kohn adds.
HOW IT WORKS
Using the Pay On-Demand feature, an employee sends a request to withdraw earned pay. Once the request is made, a notification is automatically delivered to their employer to either approve or reject. If approved, Fingercheck, Pay On-Demand transfers the requested amount to the payment method on file with the employee – It’s that simple.
For instant access to wages, enrolled Pay On-Demand users, can have their withdrawal requests sync to our Debit Paycard and receive payments even faster. The Debit Paycard works seamlessly and in conjunction with the Pay On-Demand feature.
“It’s vital for any company to keep pace with how people and businesses work and interact with the rest of the world”, says Kohn. He adds, “In light of the pandemic, we’re seeing more interest and a need for this feature for companies of all sizes. And that’s what we’re all about, fulfilling a need.
To enroll or learn more about Pay On-Demand, click here.