Partners
Employee Perspective
Payments

What taxes are applicable to the early transfers received by employees?

Brittany Leventhal

March 06, 2018 16:42

There are no taxes on these transactions. DailyPay charges a single fee per transaction.

There are no interest fees or other charges. DailyPay is able to provide funds at these rates because, unlike a loan, DailyPay only makes earned wages available.

Have more questions? Submit a request

Articles in this section

My employee had their ACH payment sent to a bank or pay card they tell me is closed/invalid. What do we do?
How are employee Available Balances calculated?
What taxes are applicable to the early transfers received by employees?
What taxes are applicable to the early transfers received by employees?
What are the different ways employees can get paid through DailyPay?
Is DailyPay providing a loan to employees when they allow them to advance on their earnings?
What if an employee claims they never received a payment from DailyPay?