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FAQs

Here are some frequently asked questions to help you navigate our website.

What is Wagefit?

Wagefit is a revolutionary social benefit that allows an employee to access their earned but unpaid wages when they need it.  Say goodbye to account overdrafts, pay day loans and micro credits.  

With Wagefit an employee can withdraw the wages they have earned but not been paid, within a pay period, directly into their bank account.  This benefit is offered to companies at no cost hence employers can attract talent, retain talent and improve the productivity of their employees.

Essentially Wagefit is an Earned Wage Access (EWA) provider.

Explore how it works for employees and businesses

How do I get started?

Getting started is as simple as accessing the web app or downloading our app from the Google Play Store or App Store and following the instructions to register. If your company has partnered with Wagefit, you'll be able to easily sign-up and use Wagefit's EWA service.

What is Earned Wage Access (EWA)?

EWA allows employees to access some of their already earned but unpaid wages before payday to avoid unnecessary debt caused by shortfalls at the end of the month or when unexpected bills arise.

For illustration: Imagine you are paid monthly and today is the 4th day of the month. For those days you have already worked you have literally earned the wages for them however you have not been paid for them. Typically you won't receive your wages until payday at the month end. EWA allows you to access a portion of the wages you have earned but not yet been paid so here a portion of your wages earned up to the 4th day will be available for you to withdraw.

What EWA is NOT?

It is not a loan.

It is not meant to put users in a cycle of loans but to offer a safe alternative so they can avoid them.

It is not difficult to set up.

It is a way for businesses to solve key personnel issues.

It is not an advance on future earnings.

No interests are charged.

It is not daily payroll or replacing payroll.

Do employees need to pre-register or qualify?

Once an employer is signed up for Wagefit the requirements for eligibility are based on whether the employee is active and how man hours were worked during a given pay period.

Active means employee is still employed by the employer.

It is not possible to sign up for Wagefit directly since we only partner with employers and make our service offerings available to employees through their employer.

Still have questions?

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