What is Borderless Advance on Pay?
Our advance-on-pay system is an amazing service that allows employees registered in our UK-based EORs* to advance money from the wages they have earned that month. This is not a loan, nor a payday loan, and is not finance. There is no interest, just a small admin fee per transaction, no matter the amount. It is simply an advance on wages!
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Employees can advance themselves up to 50% of wages earned on that payroll. At the end of the pay cycle, this advance is instantly paid back as a deduction from the payroll. The advance is paid to their bank account registered with the payroll team. All documentation and reporting are provided in their app.
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This facility gives employees peace of mind that there is a solution for financial emergencies and unexpected needs. Employers will no longer need to deal with staff asking for advances and the awkwardness of refusing them. A happy team will boost your productivity, and giving them this facility shows you care about them!
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*The UK will be our first location to roll out this feature, and we expect the system to be live in 2025. Other locations will be onboarded thereafter.
A financial lifeline!
In an easy to operate app, employees will at the touch of a button be able to get a percentage of their wages earned to help them with unexpected costs.
Upto 50% of Wages
For a small admin fee, employees can get up to 50% of their earned wages advanced to them.
No interest
No interest charges as this is not a loan, it is an advance on what has been earned that month so far.
Savings Account Option
Employees can easily and quickly open an additional bank account to save money.
