How does Instant Pay work?

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How does Instant Pay work?

Rounding it up

  • Instant Pay is a type of earned wage access (EWA) program that gives employees up to 50% of their paycheque at the end of every workday.

  • Using Instant Pay is free for employers to implement and it’s fee-free for employees who withdraw their wages to their KOHO account.

  • Instant Pay works by paying you a portion of your wages each day so you don’t have to wait until payday to get your money.

  • You’ll still get a paycheque on your regular pay schedule; KOHO just re-collects the funds you’ve withdrawn early.

7 min read

Ryan Severance
#Instant pay#payroll, payday#earned wage access#paycheque

Ryan Severance

Ryan Severance is a professional freelance author and the owner of American Scribe LLC. With degrees in political science and socio-legal studies, he writes about business, politics, and law for clients around the world.

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