https://finance.yahoo.com/news/square-payroll-brings-faster-more-150000381.html
From what I understand you can access your pay at the end of the day instead of waiting 2 weeks (like I do). This can crush the pay day loan industry, which I for one will be extremely happy to see die!
“The traditional payroll process is slow and rigid, creating cash flow constraints for employees and businesses alike. This is even more pronounced now given the current economic conditions,” said Caroline Hollis, GM of Square Payroll. “Because businesses still run payroll on a fixed schedule, employees are paid days or weeks after they’ve worked. We created On-Demand Pay for employees so they can access their earnings when they need them, as soon as their shift has ended. For employers, it can take up to four days for payroll funds to move from their bank account to their team. With Instant Payments, employers can now fund their payroll instantly, getting money to their team faster.”
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