ZayZoon is a financial technology company that provides employees with access to their earned wages before their regular payday. This service, often referred to as "earned wage access" or "on-demand pay," allows employees to withdraw a portion of their earned but unpaid wages, helping them manage unexpected expenses and avoid high-interest payday loans. The benefits for employees include improved financial flexibility, reduced financial stress, and better financial well-being.
How Does an Employee Signing Up Impact the Employer?
Nothing at all. When an employee signs up, the systems are linked, and it automatically sets up a deduction in payroll to repay the loan.
How to turn on this service?
- Log into Paydeck
- Navigate to Services & Apps
- Select ZayZoon Wages on Demand
- Click Enroll
Direct Employee to ZayZoon
- Log into Employee Deck
- Navigate to the home screen
- Click on the ZayZoon box