“EMPLOYEES ARE STRUGGLING,
AND IT IMPACTS YOUR BUSINESS!”
Be a Leader in Employee Financial Wellness!
Financial distress and stress contribute to reduced productivity, increased absenteeism, decreased presenteeism, low morale, higher employee turnover, and overall workplace disengagement.
For Employees, facing financial distress often struggle to concentrate, experience heightened anxiety and depression, and may develop health issues due to chronic stress. This can lead to increased errors, missed deadlines, and strained workplace relationships. In desperation, many turn to high-interest loan or unregulated lenders “Mashonisas”, trapping them in a cycle of debt that worsens their financial situation.
For Employers, this results in lower efficiency, higher operational costs, increased recruitment and training expenses, and a disengaged workforce — ultimately impacting profitability and long-term sustainability!
What is Earned Wage Access (EWA)?
Earned Wage Access (EWA) is an employer-provided financial wellness benefit that allows employees to break free from the traditional fixed payday cycle.
Most employers pay wages on a predetermined date for work already completed, meaning employees must wait until payday to get paid.
EWA redefines this approach by giving employees the flexibility to access a portion of their earnings to which they have a right when needed—allowing them to fund emergencies that, in the past, left them with no option but to take on debt or rely on employer advances, which are often discretionary and subjective at best.
Instead of begging, borrowing, or resorting to desperate measures, employees are simply using what is already theirs, but on their own terms.
EWA is facilitated by third-party providers who ensure secure and seamless access to earned wages, following specific access rules determined by the employer. This ensures that EWA remains a structured, fair, and responsible solution that benefits both employees and employers without disrupting Management, HR, Payroll, Operations, or cash flow.
Watch this 1-minute video to see how PayCheck works and why it’s a game-changer for both employees and employers
General Overview of Earned Wage Access (EWA)
What is Earned Wage Access (EWA)?
Earned Wage Access allows employees to access a portion of their already earned wages between normal paydays, reducing financial stress and increasing productivity.
What is the purpose of Earned Wage Access (EWA)?
The purpose of EWA is to provide employees with a secure and efficient FinTech solution that offers a responsible alternative to traditional short-term loans and unregulated lending practices. By enabling access to earned wages before payday, EWA helps employees avoid costly and time consuming regulated short-term loans and predatory loan sharks (Mashonisas) who operate outside the formal financial system.
Is PayCheck like a loan or an advance?
No! PayCheck is NOT a loan or an advance. It allows employees to access a portion of their wages they’ve already earned up to that point in a pay cycle or work cycle between normal paydays.
How is PayCheck different from payday loans?
EWA is NOT a loan. Employees access only what they’ve already earned, ensuring responsible financial management and assisting employee’s behaviour by shifting the mindset from “what can I get?” to “what do I need?”.
How does PayCheck differ from traditional salary advances?
PayCheck (EWA) is not an advance and unlike traditional advances which require employers to fund employees in emergencies and which are mostly based on subjective and arbitrarily rules and in most cases discretionary, EWA gives employees access to money they have already earned based on a financially responsible and agreed upon set of rules for all employees, reducing administrative workload and cashflow challenges and further eliminating financial risks for employers.
Benefits for Employers
What are the benefits of offering PayCheck to employees?
Employers benefit from reduced admin, no cost, no risk, and no need to manage salary advances. Additionally, PayCheck helps boost employee productivity, retention, and financial wellness.
How does PayCheck improve payroll administration and assist with overall business efficiency?
PayCheck eliminates the need for salary advance requests, significantly reducing administrative burdens across multiple levels of the organization. Payroll and HR teams no longer have to process manual adjustments or additional paperwork, ensuring smoother payroll operations. Furthermore, line managers and other supervisory staff remain focused on their core responsibilities without being disrupted by handling, approving, or managing financial assistance requests from employees. By streamlining this process, PayCheck enhances overall business efficiency and ensures that all employees can dedicate their time to their primary job functions.
Does PayCheck impact my company's cash flow?
No, PayCheck fully funds the wage access requests between normal Paydays, ensuring that employers do not experience cash flow disruptions. The process is automated, and seamlessly integrates with a monthly, weekly or any payment frequency payroll deduction cycle for repayment.
How does PayCheck accommodate different payroll frequencies and multiple payroll structures?
PayCheck’s Earned Wage Access (EWA) system is designed to handle all payment frequencies, including weekly, bi-weekly, and monthly payrolls. Employers with multiple payroll groups — such as wage earners and salary earners, or different departments — can configure distinct rules for each group. This includes setting different withdrawal limits, accessible amounts, and minimum transaction values based on employee categories. The flexibility of PayCheck ensures that businesses can tailor EWA access according to their workforce needs while maintaining seamless payroll integration.
Benefits for Employees
How does PayCheck ensure responsible financial behaviour?
PayCheck’s flexible rules-based system allows employers to set access limits which can easily be changes based on employee feedback over time and through behavioural monitoring.
Where does PayCheck send the funds?
PayCheck offers flexible payment options—funds can be transferred directly to an employee’s bank account or a wallet, providing a convenient and secure way to access money.
How simple is it for employees to use PayCheck?
Employees can instantly request funds, using a USSD code or via the PayCheck website or progressive WebApp. The process is designed to be user-friendly and accessible to ALL employees.
Implementation & Security
How do we implement PayCheck?
Implementation is quick and seamless, requiring minimal effort from employers. There are no long-term contracts, and PayCheck integrates easily with existing payroll systems and processes ensuring we can provide the service to ALL employees.
Can PayCheck integrate with any payroll system?
Yes! The PayCheck EWA solution is designed to be payroll agnostic, and the data protocols are aligned with all major payroll providers, in addition to the flexible designed which must incorporate all specific and unique Employer payroll system customization in terms of specific deduction codes and text.
How secure is PayCheck?
PayCheck is committed to the highest security standards, using international best practices, advanced encryption, and robust data protection measures to ensure the safety of transactions and user information.
Is PayCheck POPI compliant, and how does it ensure data protection?
Yes, PayCheck is fully POPI compliant and follows strict data protection protocols, including encryption, access control measures, employee consent, data minimization, compliance with regulatory standards, and third-party security measures. The platform follows strict data protection protocols to ensure the confidentiality, integrity, and security of employee information. PayCheck achieves compliance by:
- Secure Data Handling – All personal and financial data is encrypted and stored securely.
- Access Control Measures – Only authorized personnel have access to sensitive information.
- Data Minimization – PayCheck collects only the necessary information required for wage access transactions.
- Compliance with Regulatory Standards – PayCheck aligns with POPI Act requirements and applicable financial regulations, ensuring all data is processed lawfully and transparently.
- Third-Party Security Standards – PayCheck works with secure and reputable payment rail providers, banking and payroll systems that comply with industry best practices for data protection.
- Purpose-Specific Data Use – Employee data is only used to fulfil the specific purpose of providing EWA services to the employee upon application or engagement by the employee. PayCheck acts as a service provider for the employer to facilitate EWA services only and will not use any employee data for any other purpose beyond providing EWA services as agreed with the employer and with full employee consent.
- Electronic Assistance in Emergencies – PayCheck provides employees with secure, electronic access to earned wages for assistance in an emergency, ensuring data is processed solely based on the employee’s request.
Choosing the right EWA Provider
What should we consider when selecting an EWA provider?
Companies should ensure the solution meets the needs of all employees equitably, considering functional literacy, technology access, payroll complexity, and seamless data integration.
How can we ensure the EWA solution is inclusive for all employees?
Choose an equitable solution that supports employees regardless of functional literacy levels or technology access. Providers should offer multiple access points such as USSD, mobile apps, and web platforms.
What makes an EWA application process simple and effective?
A good provider should have a straightforward application process with minimal requirements, allowing employees to sign up and access wages without unnecessary documentation or verification.
Are there hidden conditions or requirements we should avoid when selecting an EWA provider?
Yes! Avoid EWA solutions that bundle unnecessary financial products or require employees to complete irrelevant tasks (such as signing up for additional services) to qualify for wage access. The EWA service should be standalone, transparent, and fair.
How can we ensure data security when using an EWA provider?
Look for a provider with robust security measures, including internationally recognized data encryption protocols, compliance with regional regulations, and fraud prevention protocols.
How do we verify transparent pricing from an EWA provider?
Ensure the provider offers clear and straightforward pricing with no hidden costs, no relative to transaction value fixed cost charges, and a simple fee clearly communicated structure at point of relevance when a transaction is concluded.
How important is customer support in choosing an EWA provider?
Excellent customer support is essential. Select a provider that offers fast, responsive, and accessible support services for both employers and employees.
What makes PayCheck unique in the EWA market?
- PayCheck is a straightforward solution designed to provide employees with access to their earned wages when they need it most — without hidden conditions, upselling, or unnecessary add-ons or requirements. Our focus is on delivering financial relief, with certainty on what to expect, without complicating the process with unrelated services, products or requirements.
- Furthermore, PayCheck stands out due to its no-cost model for employers, no financial risk, no manual salary advances to manage, seamless payroll integration, direct payments to wallets and bank accounts, and simple USSD-based access for employees.
Financial Wellness & Social Impact
How does PayCheck promote financial wellness?
- PayCheck empowers employees by providing a safe, responsible, and cost-effective alternative to traditional emergency funding methods. By reducing reliance on high-cost, short-term debt solutions, employees save both money and stress, leading to greater financial stability.
- Additionally, PayCheck supports responsible lending practices by enabling traditional, regulated credit providers to consider an employee’s full financial history, rather than just visible formal credit transactions. This holistic approach helps prevent employees from becoming overextended and promotes sustainable financial health
- In contrast, unregulated credit providers often do not report loans under the National Credit Act (NCA), which can lead to hidden debt accumulation and worsen financial challenges for consumers. By offering a transparent and structured solution, PayCheck helps employees, and per definition Credit Providers, to make informed financial decisions and avoid the pitfalls of untracked, high-risk lending.
General Employee Questions
Do I need data or airtime to apply for a PayCheck?
Yes, if you apply on the Website or via the web application you will need data, and you need at least 20c Airtime to apply via USSD to initiate the application process.
Can I receive my PayCheck in a wallet instead of a bank account?
Yes! PayCheck allows employees to receive their PayCheck payments in either a bank account or a digital wallet.
Can I use PayCheck if I don’t have a bank account?
Yes! PayCheck provides alternative transactional access outside of traditional banking structures, ensuring financial inclusivity.
How often can I use PayCheck?
Every day, if you’ve worked and earned. However, usage limits may depend on employer-defined rules, ultimately ensuring responsible financial management while providing unmatched flexibility.
How much does it cost to use PayCheck?
Employees pay a small service and transaction fee for each successful application. There are no hidden costs, subscriptions, or interest charges.
Where can employees use their PayCheck funds in their Wallets?
- Employees can withdraw and/or spend their PayCheck funds at major retailers using the wallet network, including:
- Checkers, Pick n Pay, Shoprite, Boxer, OBC, USave, Dis-Chem, Clicks, KFC, Burger King, Wimpy, Mr Delivery, Mugg & Bean, Nando’s, Spur, Steers, Total etc.
- Employees can withdraw and/or spend their PayCheck funds at major retailers using the wallet network, including:
If you’re an employee, Sign in here
By registering on Paycheck, you confirm that the information provided is accurate and complete. Your data will be used for payroll and employment purposes only and handled in line with POPIA. You are responsible for your account access and consent to receive employment-related communications electronically. PayCheck is not liable for errors resulting from incorrect information submitted.
By continuing, you agree to these terms.
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