Pay-on-demand: Your Pay When You Need It
The new way to access your wages
In today’s fast-paced, digital world, being able to access your wages when you need them is a must. That’s where new Pay-On-Demand services, like Wagepay, come in. We’re here to disrupt the way you collect your hard-earned wages and help you take control of your payday, by giving you access to your pay when you need it most.
So, what is pay-on-demand? A Pay-On-Demand service is a modern financial service that allows you to access your pay early. This means that instead of waiting for your next payday to arrive, you can access a portion of your wages early. While traditionally offered by employers as an employee benefit, new services like Wagepay provide these services directly to you, without the involvement of your employer.
Choose Wagepay for pay-on-demand
Wagepays Pay-On-Demand service is designed to be convenient and fast, so you can use it when you need it most.
- Receive an Advance Limit after creating your account, so you know what you can potentially draw down on.
- We will generally send the funds using the New Payments Platform (NPP), so you can access your funds within 60 seconds after drawing them down.
- We are the first in the industry to offer Real-Time direct debits (PayTo), meaning you don’t have to wait days for repayments to clear (as long as your bank also supports PayTo).
Who can use Wagepays pay-on-demand service
To be eligible for Wagepays Pay-On-Demand in Australia, you must meet the criteria below.
- Be aged 18 or over
- Hold a steady job with a minimum weekly income of $500 from your employer
- Ensure that sufficient funds are left in your account after each pay cycle to repay your advance
- Have a positive banking history, which will be evaluated through your Wagepay score.
Using Wagepays pay-on-demand service
Accessing your Wages On Demand with Wagepay is simple and can be done using the following steps.
- Download our Pay-On-Demand app or access our web portal.
- Create an account, which only takes a couple of minutes.
- Connect your bank feed, so we can verify your wages and know where to deposit your funds.
- Make an advance request, and get an immediate outcome.
- Accept your drawdown, and most people receive the funds in 60 seconds
Get in touch today
