Paymenow lets you access earned yet unpaid wages, at very low fees. This is not a loan, just access to money you’ve already earned. No interest, monthly fees or initiation fees!
We provide expert financial and consulting solutions designed to foster growth, stability, and long-term success.
Paymenow is an employee benefit app that focuses on financial wellness and inclusion. Connected to your company payroll, Paymenow facilitates responsible access to money you have already earned.
No! Any cash outs you receive via Paymenow are not a loan. It is simply access to money you have already earned.
A cash out on Paymenow will cost you a small service fee as well as a transaction fee to disburse the funds to your bank account. An immediate payment option is also available at a slightly higher cost. No interest is charged. No subscription fees. No hidden costs.
You do not owe Paymenow anything, ever! Any cash outs you receive using Paymenow will be deducted from your next salary payment. Example: if you cash out R500 in the middle of the month, come pay day, you will receive R500 (plus fees) less than your usual salary, paid into your bank account.
Your employer makes all decisions related to your available balance. Paymenow uses a calculation to determine the amount added to your available balance every day of your cycle. For shift workers, the calculation is based on information received by your employer.
No. To combat fraud, you can only cash out to the bank account your salary is paid into. If you need it changed, please contact your payroll department.
Yes. Paymenow uses encryption and two-factor authentication to keep your money and information safe. The Paymenow app is as safe as a bank app.
No. Paymenow does not share your information with any third parties without your permission. Refer to our Ts and Cs for more information. Your Paymenow transaction amount will show as a line item on your payslip under the label "Paymenow", but no specific transaction information will be listed.