Work today, Paid today!

No one should wait 15-30 days to receive their hard-earned pay

Work today,
Paid today!

No one should wait 15-30 days to receive their hard-earned pay

Earned Wage Access

is offered by many global brands

The benefits?
Happier, more productive employees

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20

Increased hours worked due to stronger effort/reward link

25

Reduction in employee turnover

15

Lower absenteeism

20

Increased hours worked due to stronger effort/reward link

25

Reduction in employee turnover

15

Lower absenteeism

…which can drive a 11% to 14% reduction in overall payroll expenses

Source: Various US and UK case studies, and the Harvard Kennedy School M-RCBG Associate Working Paper No. 88 (2018) Study

I’m an employer

Bring fairness to a whole new level, and your employee performance along with it.

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I’m an employee

Access your pay any time, with Paytime.

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Frequently asked questions

FAQs for Employees

Who is Paytime?

Paytime is an Australian HR-Fintech with the mission to create a fairer and brighter financial reality for all Australian employees.
We do this by enabling you, the Australian employee, to have access to your earned wages on an on-demand basis so you will never need to access emergency loans caused by having to wait for pay day. Even if you don’t need a loan, Paytime simply allows you to access your earned wages anytime, anywhere. Work today, paid today!

Is Paytime a loan?

No, Paytime is not a loan. Paytime is simply advancing your earned wages before pay day. You can only withdraw your ‘earned’ wages and no more, so there is no lending. This is why there are no interest rates, late fees, and credit checks.

How do I join Paytime (as an employee)?

You can only join Paytime if your employer has teamed up with us to extend OnDemand Wage Access for its employee base.
If you want access to your earned wages on-demand, get in touch with us at support@Paytime.com.au and we’ll arrange your employer to be onboarded to get you started!
Those who help us ‘activate’ their employers will receive an Ambassador status on their Paytime account that effectively waives any access fee for 3 months.

How much money can I withdraw from Paytime?

You can typically withdraw up to 50% of your earned wages (sometimes higher subject to your employer’s discretion).

Will Paytime encourage me to spend more and save less?

The Paytime solution has been designed to simply provide you access to your earned wages. It has not been designed to encourage you to spend more.
A big part of the Paytime solution is dedicated to elevating and empowering our users to save more and spend responsibly – check out the articles and the various tools that are available for you to use, for free!

How fast can I get my money using Paytime?

You will receive your money within minutes of your request 24/7 (if your bank supports OSKO, Australia’s real-time payments platform), or within 24 hours otherwise.

FAQs for Employers

How do I join Paytime (as an employer)?

Get in touch with one of our teams to arrange a demo! The onboarding process is very quick and simple with no changes to your existing payroll process.

Do I need to pay for my employees to use Paytime?

We charge a small flat withdrawal fee (akin to an ATM fee) each time an employee accesses their wages early. This fee can be borne either by the employee, the employer, or a mix of both (subsidy model).

How easy is it to integrate Paytime into my payroll?

The integration is simple and quick. Paytime is a SaaS platform that can be easily integrated with your ERP, Payroll, and Timekeeping systems utilising an Application Programming Interface (API). Our team will work with you and lead the required technical integration work and make sure the program works smoothly.
We also have a self-service model for smaller companies who may do all their payroll and timekeeping manually or that utilise off-the-shelves accounting software (e.g. Xero, MYOB).
Our Tech team will be on the ground to lead and manage the integration on your behalf.
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Earned Wage Access

Earned Wage Access (EWA) is financial wellness solution that is gaining strong support across the world. Earned Wage Access gives employees an ability to access to their wages/salary that they have already earned without having to wait until their next payday. For millions of Australians, there is a mismatch between the weekly, fortnightly or monthly pay cycle and the daily expenses not to mention the unexpected expenses that crop up that need to be met.
The mistiming of income versus expenses often creates a personal cash flow shortfall which can only be dealt with by either missing these payments or entering into high-interest payday loans; credit cards or even buy now pay later offerings, which invariably put people further into the negative.
Earned Wage Access is not a pay advance (an advance by definition is a loan). EWA simply gives employees access to money that is already theirs. There are no credit checks, no interest charges and nothing to pay back!
Employees work is completed in real-time, so why can’t they get their wages in real-time?
EWA plays a vital role in solving this issue, although it is often misunderstood, to the detriment of both employees and their employers.
EWA is an excellent solution because employers don’t have to change anything in the way they currently run payroll nor is there any change in the way time and attendance is run. Payroll operates as usual; it all integrates seamlessly. The technology works seamlessly in the background.
Employees are already struggling with the mismatch because their pay does not match their bills and other unexpected expenses, so EWA allows them to flexibly access their earned wages when and if they need it, saving potentially hundreds of dollars a quarter in fees and interest from other less ethical sources. Even those that don’t necessarily need this money are utilizing it effectively by simply accessing their pay regularily to put into their mortgage offset account; choosing to save it or even investing the money and getting a return.
Research has proven that EWA is also a big benefit to employers. Staff are more likely to remain with their employer longer, be more engaged and be more productive on the job.
Earned Wage Access (EWA) addresses the need for employees to have increasingly flexible access to their earned wages. Staff living paycheck to paycheck (50% of Australians) are reliant on their next payday. EWA reduces this reliance by allowing employees to visualise, track and drawdown on their earned (but unpaid) wages, whenever they like. When an unexpected bill or expense arrives, instead of stressing and eventually having to turn to credit or a dangerous payday loan, credit card or even a buy now pay later option, they can instead access a portion of their earned wages to cover any shortfall.
Various case studies from major international markets have delivered a clear verdict on EWA:
• There is a 20%+ increase in hours worked, by shift workers due to a more substantial effort-to-reward link;
• 25% reduction in employee turnover; and
• A 15% lower absenteeism.
Furthermore, a report from Visa shows that 79% of surveyed workers are more willing to switch to employers already offering EWA.
Additionally, EWA can provide a meaningful differentiation point for employers with near-wage parity, where other employment enhancements are crucial to attracting and retaining staff.
An Ernst & Young report found that almost 60% of employees would view a potential employer in a better light if EWA were offered as a benefit of the job.
Paytime and EWA addresses a larger problem than just financial wellbeing. Mental health is a severe issue that workplaces need to address, not only to get the best out of their people but as a duty of care to the community they serve and support. Currently, the support systems put in place by corporates are often inadequate and struggle to deliver a solution that targets the underlying issue. With financial stress being one of the key ingredients to mental health, if businesses are not focusing on a solution to assist staff with their financial stress, by offering EWA, coupled with financial tools such as budgeting tools; access to financial councilors and resources to a healthy better lifestyle (all offered by Paytime) then Employee Assistance Packages (EAP) that only focus on the mental health aspect will be only assisting with half the problem, so many employees are facing in their day to day lives, being financial stress.

Join the Earned Wage Access revolution

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