"There is no cost to you, or to your company, when you sign up for DailyPay. You pay a small fee every time you make a transfer of your earned income to your bank account, debit card or payroll card."
This is directly from the DailyPay FAQs.
This is from a page on financial planning.
"Daily pay services can be relatively inexpensive if used occasionally. (By this we mean maybe a few or several times per year at most).
For example, DailyPay currently charges employees $2.99 for each on-demand advance and $2.25 for regular automatic transfers that are set up ahead of time.
That's comparable to a standard "out of network" ATM fee, and generally lower than a credit card cash advance fee.
The trick is not using daily pay advances so often that they end up costing as much (or more) than payday loan interest would.
Getting paid daily from one of these services can be good options for people with bad credit or even immigrants as well that are “unbanked”."
So yeah, there are fucking fees, that's how they pay their bills.
On the backs of the people who can least afford it.
They aren't doing this to be kind.
www.businessinsider.com
