Is your salary advance really 0% interest? A checklist

As pay-access products spread, some look like earned wage access but work like credit. Before you offer one to your people, ask these questions.

• Is the amount limited to wages already earned? If employees can draw more than they've worked for, it's credit.
• Is there any interest or percentage-based charge over time? True EWA has none. A flat, clearly disclosed transaction fee is different from interest that grows.
• Is there a credit check or approval decision? Access to earned wages shouldn't depend on a credit score.
• Can the employee end up owing money? With EWA, withdrawals are simply netted off salary already due. There should be no debt left over.
• Are there late fees or penalties? There is nothing to be late on, so there should be none.
• Is it marketed with other credit products? Be cautious if the app pushes loans or buy-now-pay-later offers to your staff.

Why it matters to you

You're putting your name behind the benefit. If employees end up in debt through a product their employer introduced, that damages trust, which is the opposite of what a retention benefit should do.

GetPaid only ever gives access to wages already earned, with 0% interest and no credit checks. You decide whether the company or the employee pays the transaction fee.