A better way to get paid
Join the payday revolution with IGsend’s flexible solution. Access a portion of your wages as soon as you’ve earned them with IGsend’s On-Demand Pay and draw-down directly into savings.
On-Demand Pay from IGsend
With pre-approval from a Business, ODP lets Employees instantly transfer earned wages to their bank account at no cost.
Free to use
ODP from IGsend can be provided as another benefit free to employees
Flexible
ODP helps workers to handle unexpected costs or urgent needs
No interest
Pay no interest on any withdrawals throughout the month
Instant
Withdrawals are paid into employee bank accounts instantly
Accessible
ODP works seamlessly on any device with internet access, anywhere
Secure
All personal and financial data is secured using the latest technology
Why On-Demand Pay?
On-Demand Pay is not a payday loan. Reports have shown that 72% of those using ODP feel more in control of their finances and almost two-thirds say it improves their quality of life.
On-demand is in demand
of users utilise credit cards less
of employees who chose to be paid with ODP say their finances are stable or improved
of users borrow less from family and friends
Financial Control
ODP gives employees the ability to access their earned wages any time, instead of waiting for payday. This can help employees better manage their finances.
Better Planning
ODP supports employees’ financial planning, helping to manage bills or emergencies without waiting for a fixed payday. This can prevent the need for loans or credit cards, making it easier to budget.
Positive Wellbeing
By having access to earned wages, this can alleviate anxiety associated with financial insecurity which contributes to a healthier work-life balance, allowing employees to focus on their personal and professional responsibilities.
Flexibility
ODP can improve flexibility by offering workers immediate access to their wages, so they can handle unexpected costs or urgent needs on their own timeline. This freedom reduces financial stress and gives individuals more control over their money.
Increased Job Satisfaction
ODP promotes a sense of autonomy and empowerment, which can improve job satisfaction. As a result, businesses often see a decrease in staff turnover, as employees value the financial flexibility and support from ODP.
Must Have
Due to its rapid and continued adoption, ODP is fast becoming a ‘must-have’ according to businesses. In many sectors, employers increasingly feel like they don’t have a choice but to offer it.
Code of Conduct
Income Group joined the CIPP and other leaders in the sector to create an ‘EWA Code of Practice’. This Code was written in response to a recommendation by the Financial Conduct Authority and sets the common standard for firms providing On-Demand Pay products to deliver good consumer outcomes.
Best Practice
Work with authorised and regulated providers
By opting for a provider that is authorised and regulated, customers can ensure their money is safeguarded and guarantee their data is encrypted and secure. Agents fall under the authority of the primary business so cannot provide payment services for which the principal business is not authorised. Under an agency arrangement, the agent does not have to be directly authorised by the FCA to provide these payment services regulations so it is ideal to trust an ODP provider that is fully authorised and regulated.
Check the degree of regulation
Customers should verify the level of regulation offered by their potential ODP provider to ensure they receive the best service for their needs. Opting for an authorised payment institution enhances transparency among businesses and provides greater protection for consumers. Income Group is proud to be an authorised payment institution that is regulated by the Financial Conduct Authority (FRN 809483).
Make the employee charge fair
Would you use a cash machine that charged you to withdraw money? Probably not…
So why charge your employees to access their salary? Income Group proudly offers an ODP service at no cost to employees. However, if profit margins make it difficult for employers to provide a completely free ODP service, Income Group partners with businesses to ensure the service remains as affordable as possible, keeping draw-down costs fair for employees.
Best Practice
Check the degree of regulation
Customers should verify the level of regulation offered by their potential ODP provider to ensure they receive the best service for their needs. Opting for an authorised payment institution enhances transparency among businesses and provides greater protection for consumers. Income Group is proud to be an authorised payment institution that is regulated by the Financial Conduct Authority (FRN 809483).
Work with authorised and regulated providers
By opting for a provider that is authorised and regulated, customers can ensure their money is safeguarded and guarantee their data is encrypted and secure. Agents fall under the authority of the primary business so cannot provide payment services for which the principal business is not authorised. Under an agency arrangement, the agent does not have to be directly authorised by the FCA to provide these payment services regulations so it is ideal to trust an ODP provider that is fully authorised and regulated.
Make the employee charge fair
Would you use a cash machine that charged you to withdraw money? Probably not…
So why charge your employees to access their salary? Income Group proudly offers an ODP service at no cost to employees. However, if profit margins make it difficult for employers to provide a completely free ODP service, Income Group partners with businesses to ensure the service remains as affordable as possible, keeping draw-down costs fair for employees.
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