Certainly one of PayActiv’s rivals is New York-based DailyPay.

DailyPay enables employees to get into their earned but unpaid wages for a day-to-day basis and will not cap the total amount they can touch.

DailyPay stated in feedback to your Ca Legislature that the bill is drafted in a fashion to safeguard one company’s business model. The organization pointed to your 50% restriction on accessing income that is earned the $14 per month cost limit, among other examples.

A supply acquainted with DailyPay’s arguments stated that the pricing that is proposed could restrict the power of very very early wage providers to work alongside smaller, less credit-worthy companies, since those organizations are far more most most likely than big corporations to walk out company and evade their payroll responsibilities. [Read more...]