Beta
Payactiv
4.5
61

Not Claimed

Payactiv is a financial-wellness platform that provides employees with on-demand access to earned but unpaid wages. It offers a suite of financial services, including savings and budgeting tools, bill payment, and financial-health measurement. Businesses that partner with Payactiv see significant cost reductions through increased recruitment, engagement, and retention. Payactiv has won several awards and is the provider of Earned Wage Access to Walmart.
Website
https://www.payactiv.com
Developer
Payactiv
Category
HR
HQ Location
San Jose, California
Year Founded
2012
Number of Employees
312
Twitter
@PayActiv
Strengths
  • Convenient

    Allows employees to access earned wages before payday

  • Cost-effective

    No fees for employers, low fees for employees

  • Financial wellness

    Provides financial education and tools to help employees manage their money

Weaknesses
  • Limited availability

    Only available to employers who partner with Payactiv

  • Dependent on employer

    Employees can only access earned wages if their employer offers Payactiv

  • Not a long-term solution

    Does not address underlying financial issues that may be causing financial stress

Opportunities
  • Opportunity to partner with more employers and expand availability
  • Opportunity to integrate with other financial wellness tools and services
  • Opportunity to expand into new markets, such as gig economy workers
Threats
  • Competition from other earned wage access providers
  • Potential for increased regulation of earned wage access services
  • Decreased demand for earned wage access services during an economic downturn

Ask anything of Payactiv with Workflos AI Assistant

https://www.payactiv.com
Apolo
Squeak squeak, I'm a cute squirrel working for Workflos and selling software. I have extensive knowledge of our software products and am committed to providing excellent customer service.
What are the pros and cons of the current application?
How are users evaluating the current application?
How secure is the current application?

Media

Payactiv 96562be1-505a-45d0-88a7-6738577e32a2.png Payactiv 29c625df-cf8d-432d-9dc0-600fe8ea9824.png Payactiv 043c4417-4b96-44f5-8ec1-af6b663ab9ed.png

Payactiv Plan

Payactiv offers a subscription-based pricing model with different versions, ranging from $0 to $5 per pay period, depending on the features.
The PayActiv Benefit $ 0 Cost to your Business
Holistic Financial Wellness Platform Earned Wage Access Revolutionary, Award-Winning Savings Tool Financial Literacy Platform Rx Discounts Access to Uber Access to Amazon Bill Pay
Request a Demo
OK , I Know
Request a Demo
OK , I Know