About PayActiv
PayActiv provides a financial service that allows workers to access their earned wages before the traditional payday. This service helps individuals avoid high fees associated with payday loans and overdrafts. PayActiv calculates the amount of earned but unpaid wages using time and attendance data from employers or government benefits providers. Once the employer sends the funds, they are made available on the worker's Payactiv Visa Card, often allowing for earlier access to money than usual. Unlike many competitors, PayActiv does not charge businesses to offer this service, instead generating revenue through transaction fees when workers use their cards. As a public benefit corporation and certified B Corp, PayActiv aims to balance profit with social responsibility, focusing on the well-being of workers and the community.