Employers

FAQ's for the employer

How does Floatpays work?
Floatpays integrates with your payroll in order to calculate your employees’ earned wages daily, based on hours or days worked.  A percentage of these earne...
Tue, 10 Nov, 2020 at 3:13 PM
What are the benefits of Floatpays to my company?
Employers that offer on-demand pay to their employees report improved employee retention, more focused and engaged employees and greater productivity as emp...
Tue, 10 Nov, 2020 at 3:16 PM
How do I sign up my company for Floatpays?
Floatpays partners with employers by integrating directly to their payroll systems or assisting employers to upload payroll data to our platform in flat fil...
Tue, 10 Nov, 2020 at 3:18 PM
What will it cost me to offer Floatpays?
As an employer, you do not pay for providing Floatpays as a benefit to your employees.  You can however opt to pay the Employee withdrawal service fees or a...
Tue, 10 Nov, 2020 at 3:19 PM
What happens when an employee leaves?
Once an employee leaves, any funds they have already withdrawn via Floatpays will be deducted as normal from their final salary and they will no longer be a...
Tue, 10 Nov, 2020 at 3:20 PM
How does Floatpays impact my cash flows?
Floatpays does not have any impact on your cash flows.  When payroll closes, we send a statement of withdrawals and related transaction fees to the payroll ...
Tue, 10 Nov, 2020 at 3:21 PM
How much can employees withdraw?
Floatpays allows you as an employer to determine the maximum percentage of earned wages that employees can withdraw, the frequency of withdrawals and the ma...
Tue, 10 Nov, 2020 at 3:21 PM
Is employee data secure on the Floatpays platform?
Yes it is.  All the data is hosted in the cloud.  Data is encrypted at rest and in transport.  The most stringent security standards are used to maintain th...
Tue, 10 Nov, 2020 at 3:22 PM
What do you mean by the term “financial well-being”?
We believe that financial well-being is determined by the extent to which people: Have control over their day-to-day, month-to-month income and expenses;...
Tue, 10 Nov, 2020 at 3:23 PM
Have you prioritised employee data safety?
We minimise the personally sensitive data we consume from your payroll system down to the bare minimum required to manage your employees use and security on...
Wed, 11 Nov, 2020 at 1:07 PM