The True Power of On-Demand Pay
/On-Demand Pay (ODP) is clearly the future — there’s no turning back now. But ODP’s success is based on much more than just transferring money before payday.
A successful ODP program is only achievable when the product, technology and experience speak to the needs of both the employer and employee. When that happens — it’s a win-win.
The first win is employees who love the ODP program. A great ODP program results in high adoption. Employers only get value out of the ODP program from the users who adopt.
DailyPay has 300+% higher adoption than any other ODP vendor in the industry. As a result, unlike the Walmart program, DailyPay’s partners show significant turnover improvement (two of our largest partners reduced turnover by 44.7%and 35.6%, as of Jan 2021).
Why does DailyPay have such high adoption?
On the surface, it may sound pretty straightforward. Under the hood, it’s only possible through an extremely complex network of people, integrations, payments, data, technology, partnerships and much more.
The key to a successful ODP program is not earned wage access, savings, bill pay, etc – those are just use cases. It’s the employee’s available balancethat holds all the power.