Floatpays calculates your earned salary/wages daily, based on hours or days worked. A percentage of this earned amount is made available to you, as determined by your employer's withdrawal rule configuration.
On withdrawal, funds are sent to your designated bank account at a fee based on the amount of funds withdrawn.
The total withdrawals for the month along with the transaction fees are deducted from your pay at the end of the month and the net wages are then paid to you in the normal process. There is no interest or late repayment fee because it's your money, we just pay you earlier than your employer's payroll date.