Your Pay, Your Control With Wagefit

Your wages are important for your day to day living.

For those who get paid on a set pay schedule, for example month end, access to earned unpaid wages in-between payday does make a difference to financial health for the better.

Wagefit - what it is.

Wagefit is an earned wage access platform that enables workers to get access to a portion of their unpaid wages as they earn it thereby enabling financial confidence by providing workers with the means to take control of their pay on their own terms.

Wagefit partners with employers to provide their employees with earned wage access to their accrued unpaid wages, during the pay period, before payday - a pay period is a regularly recurring scheduled duration of time (such as monthly, weekly or bi-weekly) when workers earn wages that will be paid to them on their next payday.

To use the platform, employees access a web or install a mobile application, onboard, register and get verified. Once verified they can log in and view the portion of wages they have already earned, but not been paid, which is displayed in their available balance. They are able to track the amount in their available balance and if the need arises can select and transfer (cash out) an amount - instantly or scheduled - from their available balance. The wages in their available balance are already earned and so it is not a loan but simply access to earned unpaid wages.

The unseen work Wagefit does in the background.

During a pay period, an employee accumulates unpaid wages however they only get paid on payday which is typically an arbitrary reoccurring scheduled day that's set within a pay period. So imagine working a monthly pay period that has 30 days with payday on the 30th day. If, for example, today is the 11th day of the month (or any day before payday) then it follows that they have already earned wages for the days worked in those 11 days (or any day worked before payday) however they can't access the money they've already earned from those days until payday. Wagefit simply stays in the background keeping tabs of the unpaid earned wages within the pay period.

Wagefit comes alive when it is needed.

Supposing on the 11th day you had an unplanned emergency expense that you needed to resolve. This is where Wagefit comes alive by giving you the option to access a portion of the accrued unpaid wages that you have earned up to that point in time. So for that unplanned emergency that required funds on the 11th simply view your "Availabile balance" on the app to know the wage amount you've accumulated thus far, select an amount and transfer it out (cash out) for your use. You'd receive a notification confirming your transfer.

Job done.

That's it! Wagefit has done exactly what it says it will do. Your unplanned emergency now has a planned resolution all on your terms.

Now go ahead and attend to it without stress. You are welcome to leave us some feedback on the app when done ❤️. Of course if you decide not to access your earned unpaid wages, through Wagefit, that's okay too as the option is always there. Wagefit simply stays in the background keeping tabs on your wages for you - when you have the need it's right there to serve you. On payday your employer deducts any earned wages already accessed and pays you what is left.

There's more to come from Wagefit so stay tuned as we journey into the world of financial wellness for employees. Find out more to experience first hand how employers are helping employees make any day a payday.