Instant payout with Payday
Over 3.9 million freelancers and flex workers are currently working in the Netherlands, and many of them find jobs through online platforms that facilitate remote work. Despite this flexibility, it takes a long time to fill in hours, approve them, create invoices and get paid. As a result, these 'gig workers' often don't receive their income on time. Payday makes it possible to pay out these gig workers instantly. Instant gratification leads to more filled shifts for your platform, a higher NPS score and an increase in the volume of workers.Increase the interest in your digital platform
Instant payout with Payday
Wondering if instant payout with Payday suits your digital platform?
Schedule a non-binding demo- Available for all digital platforms
- Increase the happiness of gig workers
- Quick scaling after a succesful pilot
Instant payment for gig workers
Pre-financing by Payday enables flex workers and freelancers to get paid instantly for their services provided through your platform
More active gig workers
Offering instant payout will result in more active gig workers executing assignments through your digital platform.
Increased NPS score
Freelancers and gig workers will be happier when you offer them instant gratification. Payday positively impacts your NPS score.
For whom is Payday?
For (digital) labour platforms
Platforms that offer Payday have the benefit of motivated and satisfied workers, more active gig workers and more filled jobs. After integrating Payday via the API integration, it will work as follows:
- Gig workers carry out their assignments with your client
- Your client confirms the hours worked by your gig workers
- Gig workers can manage their payments via the Payday app
- You invoice your client for the hours your gig workers worked
For freelancers
With the Payday app, freelancers on your platform have more control over their pay dates and financial well-being. One can find open and closed invoices, payment details, and income statements.
- No longer having to chase payments of invoices
- 24/7 insight into earnings in a user-friendly application
- Decide for yourself which invoices to pay out immediately
For temporary workers and flex workers
Temp workers and flex workers gain full control over their finances, thanks to the Payday app for temporary workers. They decide for themselves when to instantly payout pay slips.
- Receive notifications once income arrives on the app
- Decide on the amount of the payslip to pay out early
- Insight in a handy overview of gross-net-calculations
How does Payday work for temporary workers?
Watch the short animation video and discover what benefits Payday offers to temporary workers.
- Income already (partially) available in app after hours have been registered
- Temporary worker determines when the salary is being paid out
- Automatic payment of unpaid wage periods
How does Payday work for freelancers?
Watch the short animation video and discover what benefits Payday offers to freelancers.
- Earnings already available in app after invoice has been submitted and approved
- Freelancer immediately gets the option for early payout of the invoice
- Automatic payment of unpaid invoices on expiration date
How does Payday work?
How does the onboarding work?
1
Receive a non-binding demo
Our specialists are happy to show you a demo of Payday. Discover all features and ask all the questions you have.
2
Decide if Payday fits your platform
Once we have determined that Payday fits your platform, we will select the most suitable components for implementation.
3
Sign contract and start development
The implementation starts with a pilot of a few months. The technical details will be realised in your current payment process.
4
Scale up after a successful pilot
Based on the learnings from the pilot, we improve the process and integrate Payday within your labour platform.
The benefits of Payday
For (digital) labour platforms
- Offer instant payment to your gig workers
- Payday Admin Panel with all transactions
- Use the instant payment API
- Insight into work behaviour of workers
- Insight into Payday balances
- Automate worker payouts
For entrepreneurs and freelancers
- Notification when income is due/payable
- Decide for yourself which invoice to payout
- Invoice paid within 1 minute
- No more chasing the payment of invoices
- 24/7 insight into earnings
- All in one Freelancer app
For temporary workers and flex workers
- Notification when payslips can be paid out
- Decide for yourself what amount to pay out
- Hours worked paid immediately
- Pay slips are always up to date
- Overview of all gross-net calculations
- All in one Temp-worker app
Is Payday something for your platform?
Platforms that offer immediate payouts see a higher NPS score, more invoices, and an increase in workers. Wondering if instant payment with Payday is something for your platform? Discover it during a free demo.
User experiences
“Instant payment fits perfectly with today's fast-paced society and how young people work. They perform a job today and prefer to spend their earned money the same night. Thanks to this innovation, it is possible. If we can make freelancers happy with this, then of course we will go for it. Direct payment will eventually replace our current factoring option, on the same terms.”
Pim Graafmans - CEO of YoungOnesPim Graafmans CEO of YoungOnes
“We are very excited to enter this partnership with ABN AMRO. Our couriers are the heart of Packaly and help our Retail customers every day, whether it is sunny or rainy. With this partnership, we can offer our couriers an exclusive service, allowing them to drive and get paid in the same hour.”
Axel Dekker - CEO of PackalyAxel Dekker CEO of Packaly
Frequently asked questions
Payday is a payment service provider suitable as an API integration for job-providing platforms that want to offer freelancers, flex workers and/or temporary workers the opportunity to get paid out faster. Payday enables early payout of earnings, even before the approval of worked services.
Is that too big of a risk? Then choose to withdraw money from the Payday app after approving the hours: for the worker, this means that, on average, they are getting paid out five days faster! Direct payment will ensure more satisfied gig workers while simultaneously making your platform more interesting than your competitor.
For whom is Payday interesting?
With Payday, your job-providing platform has the unique ability to order the automatic payout of your gig workers through our API integration. The API-call results in a payment from Payday to the flex worker within one minute.
Direct payout via Payday leads to a higher NPS score, more active and motivated gig workers, and more open jobs filled by them. As a platform, you get access to the Payday Admin Panel that gives a transparent insight into all micro-transactions, all active workers, and the app balances.
You always know where your money is. To be able to pay out your workers early, a buffer needs to be in place. You can choose to either placing an initial buffer with Payday to enable payouts of the Payday balances or co-finance it in the Payday proposition to relieve your working capital.
At the end of the pay period, Payday charges a service fee on the amounts paid-out from the Payday app. Some customers, in their turn, bill this to the gig worker as per their agreement with the gig workers.
Does your platform service both freelancers and temp workers? Payday allows for 'Multi Platforming'. This means that a worker can have access to two (or even more) Platform Balances on the Payday App. From the Dashboard (main screen), the worker can select a Platform Balance to execute a payout from.
What are the benefits of Payday for platforms?
Payday gives the possibility of immediate payment of outstanding invoices. With the Payday app, your freelancers can better manage their income and finances. As a result, self-employed people no longer must wait for weeks for their income, and they don't have to chase the payment of the invoice.
The freelancer receives notifications when invoices arrive in the Payday app and therefore is available for early payment. The freelancer then decides when to get paid: take it out early or receive it at the time the payment term has passed. In addition, the Payday App shows what the freelancer has earned over specific time frames, so the freelancer has all the information about their income in one place.
What are the benefits of Payday for freelancers?
With the Payday app, temporary workers can better manage their income and finances. Payday shows pay slips over specific pay periods while offering direct payment from when the worker fills in worked hours or when clients approve them.
The flex worker receives notifications as soon as the payslip is updated (hours approved, estimated income calculated, gross-net calculation and final net salary).
Payday gives temporary workers early access to income, so they no longer have to wait long. The flex workers decide for themselves when they get paid. This gives the flex workers full control over their income!
In addition, the Payday App shows what the flex workers have earned over specific timeframes so that all information about their earnings is in one place!
What are the benefits of Payday for flex workers?
During a first meeting (according to your wishes physically on the Gustav Mahlerlaan or online via Teams), the Payday team would like to get to know you and gain more insight into your current payment process.
Based on your current structure, we are happy to give a presentation about Payday: where it originated from, the benefits of direct payment (for both platform and worker) and how a possible pilot could be set up.
If desired, we are happy to show you a digital prototype of the Payday Application. Fill in our contact form and schedule your non-binding demo.
What does a free demo entail?
Yes, discover the Dutch translation of the Payday product page.
Is there also a Dutch Payday page?
You can find the complete overview of FAQ items here.
