without cash in a checking account, people often have to resort to predatory financial products like payday loans or high-interest credit cards in order to make ends meet.
In the testing for this product, was there a noticeable decrease in employee reliance on payday loans?
That's the goal. Having earlier access to your own earnings is a much better source of funds than taking an expensive loan. We're collecting data from early customers and will update more in the future on the progress we're seeing.
My startup paid monthly, which was the least work. But then some employees wanted bi-weekly, and others pointed out the semi-monthly made more sense because it aligned with rent payments. Switching is a fair bit of work. I would have loved a feature that lets people get paid whenever they like.
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