DailyPay makes money from completely transparent per-use transaction fees charged to the employee and/or partner company, as determined by the partner company and DailyPay in advance. The fee is determined by type of transaction, not total amount transferred.
DailyPay charges a single fee per transaction: $1.25 for next-business-day transfers and $2.99 for instant transfers.
This is typically paid by the employee each time he/she uses DailyPay. There are no interest fees or other charges. We are able to provide funds at these rates because, unlike a loan, we only make earned wages available. Since we are paid back through regular payroll processes, we do not have to charge higher rates or interest fees.
DailyPay does not sell any collected employee information (user or non-user).