Everee launches Instant Pay and new technical solutions to give workers instant access to payments

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Instant Pay gives contingent workers the ability to get paid seconds after completing tasks, while helping gig companies streamline their payment processes

SALT LAKE CITY, November 1, 2022 /PRNewswire/ — Everee, the leading workforce payment platform disrupting the two-week payroll cycle, today announced the launch of Instant Pay, which enables businesses to streamline payment operations and generate revenue seconds after a shift ends.

“With the rise of casual workers in the gig economy, expectations have started to change, and waiting two weeks for a paycheck is no longer an option,” said Brett Barlow, CEO of Everee. “Almost 59 million professionals work on demand, which represents 36% of the current workforce. As payroll processes and technologies continue to mature to meet the needs of these workers, there’s no reason they can’t get paid as soon as their work is done. Instant payment makes perfect sense, and we’re excited to bring this feature to our customers.”

Since its inception, Everee’s driving force has been to end the two-week payroll cycle by providing organizations with same-day ACH deposits and technology solutions, including flexible APIs and payroll payments. integrable works, in order to pay the workers on a daily basis. Everee continues to lead the industry in paying workers quickly, and as the modern workforce evolves, there is a need for faster payment options. Now, with Instant Pay, organizations that rely on contingent workers to drive their business operations will be able to recruit and retain a strong workforce by delivering the fastest payments possible – a major competitive advantage, in especially with the talent shortage which remains at a level all-time high.

While typical payment processes require manual approval before payments are distributed, companies using the Instant Pay API can automate this step, allowing employees to cash out their earnings seconds after completing a job, while eliminating manual and error-prone tasks. Additionally, Instant Pay can be integrated directly into an organization’s workflow in a central location, enabling a native experience that doesn’t require leaving or switching apps.

“Workers expect instant payment options from leading companies like Uber and DoorDash. Everee’s Instant Pay allows platforms to compete for the same workforce by paying people instantly, every day, including weekends and holidays,” said Piers Mainwaring, Director of Innovation at Everee. “We constated that 68% of workers paycheck to paycheck, and 23% cannot afford the daily commute to work. Instant Pay means breaking this cycle. It means providing them with the resources they need to do their job. This means paying a delivery driver the moment they complete a drop off. It means giving people the money they’ve earned as they earn it.”

Instant Pay joins Everee’s suite of robust features, which enables organizations to accelerate and scale payment processes, automate onboarding workflows, and integrate components into their own applications or platforms. -forms to provide a streamlined compensation experience for workers. For more information on Instant Pay, visit everee.com/payments.

About Everee

Everee is a workforce payment platform that makes it easy to pay people instantly. Launched in 2018 by finance executives who wanted to disrupt the two-week payroll cycle and create a user-friendly alternative to outdated payroll software, Everee’s full-service platform offers flexible APIs, embeddable components, and payroll financing. payroll, allowing companies to onboard and pay contingent workers at scale without cash flow issues. For more information, visit https://everee.com.

Media Contact
Dana Gagno
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SOURCE Everée

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