DailyPay to provide instant wage solution for franchise residential cleaner

Fintech firm DailyPay has signed a deal with national franchise residential cleaning company The Maids to provide the latter’s employees with instant wage payment.

It is hoped the service will reduce employee turnover due to financial stress associated with waiting for the next check along with employer turnover costs which can reach $4,000 per employee.

“When employees achieve financial security at a job, they stay longer,” DailyPay CEO Jason Lee said.

DailyPay also unveiled new proprietary technology operating outside of the ACH network which allows people to receive pay at any time, including on weekends and holidays, directly to their existing account.