Clever RX
3 min read

Work Today, Get Paid Today with ZayZoon

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With earned wage access, everyday can be payday.  It's a benefit employers can offer employees that reduces financial stress related to cash flow shortfall between pay checks.

With less financial stress on employees, employers see:

  • Improved retention,
  • Increased productivity 
  • More engaged workforce 

How businesses pay their employees in 2021 shouldn’t be the same as how they paid them in 1991, and yet, it is. Now there’s a new, much better payroll trend companies are using to fund their staff: Offering employees earned wage access.  

Who is ZayZoon?

ZayZoon allows employees to instantly access their earned wages on demand. It is a voluntary benefit and there is no cost to the employer outside of a small, one-time setup fee. ZayZoon was founded to end predatory lending – payday loans, overdraft fees, etc.

How it works:Benefits of Partnering with Zayzoon1-2

  • Integration
    No work required by you!  Already integrated with AAP. 
  • Funding
    ZayZoon funds all early wage requests. There is no risk or liability to the employer. Funds are automatically recovered on the next pay run.
  • Support
    ZayZoon handles all employee support. There is no additional overhead for the employer to manage the program.
  • Pricing
    The service is employee paid, or employers can choose to help subsidize the benefit.

Why should a business offer ZayZoon to their employees?

Wage-on-demand offerings are becoming more and more popular. It could be a huge timesaver for someone commonly dealing with employee advance requests. Employers are continually looking for no-cost options for their benefits programs and ZayZoon fits in perfectly, while giving employees a great advantage if/when they need it.

How does the integration work?

  • Employees create a ZayZoon login using their isolved username/password. (Going forward, they can access the ZayZoon SSO link from within isolved.)
  • If a client is using isolved Time, ZayZoon will look at the current hours worked. 
  • Employees may request up to $200 of earned wages for a flat fee of $5 or less.
  • Once an employee has accessed an advance, ZayZoon adds a deduction entry into the employee record for the outstanding amount to be deducted on the employee’s next paycheck.
  • Once payroll has been processed, ZayZoon creates a repayment for the deducted amount to reset the employee’s outstanding balance.

What’s new at ZayZoon?

  • Retail Gift Cards - ZayZoon now offers a “Boost” feature. Boost allows employees to allocate their earned wages toward instantly issued gift cards at a large array of retailers such as Target, CVS, etc. Boost gift cards are automatically increased by amounts set by retailers. As an example, an employee may choose to allocate $100 toward a CVS gift card, and CVS would give them $110 instead - more than covering the fee of accessing their early wages!
  • Zayzoon offers a free financial education platform called ZayU to promote financial wellness to all employees, whether actually taking advances or not.  

ZayZoon allows employees to instantly access their earned wages on-demand. It's a voluntary benefit that reduces financial stress related to cash flow shortfall between pay checks. Improve retention, increase productivity and benefit from a more engaged workforce. 

  To learn how you can you can incorporate ZayZoon into payroll

click on the link below:

 

ZayZoon