ZayZoon Amplifies Employee Wages With Fee-Free Instant Gift Card Payouts
PHOENIX, March 28, 2023 (Newswire.com) - ZayZoon, an Earned Wage Access provider for small and mid-sized businesses, is expanding its real-time payment options with Instant Gift Cards. By bolstering and diversifying its payout methods, ZayZoon is reinforcing its commitment to offering fee-free payout options and services that support employee financial wellness and flexibility.
Employees with access to ZayZoon can now withdraw some or all their earned wages into instant gift cards with a bonus amount of up to 25%. With hundreds of brands to choose from like Walmart, DoorDash, and Amazon, this new feature can help make wages go further where customers are already spending, saving money on essentials like gas and groceries. The gift cards can be redeemed instantly via email with no fee to the employee.
As one of the first Earned Wage Access providers that enables employees to withdraw their wages into instant gift cards, ZayZoon continues to empower employees to take control of their everyday expenses and improve their short-term and long-term financial health.
"With most Americans living paycheck to paycheck and more than half of our customers tapping ZayZoon for short-term necessities, our growth philosophy revolves around improving financial stability for employees," said Tate Hackert, President and co-founder of ZayZoon. "Flexible payout options like the Instant Gift Card can act as a bridge to payday for necessities by getting rid of fees and even offering a bonus on top of an employee's earnings."
With flexible payout options, ZayZoon continues to prioritize employee autonomy and allow employees to send wages where they prefer. Customers can also access alternative real-time payouts on ZayZoon by using the Visa and Mastercard debit networks or send wages to a debit card instantly for a $5 fee.
Samantha, a ZayZoon customer, shared her experience using Instant Gift Cards: "I like that being able to get instant gift cards is handy. I've used it when I needed groceries and many other things. Having access allows my family not to worry in-between paychecks. As a family of 5 with one main income, it has saved us many times."
To learn more about ZayZoon and Earned Wage Access, please visit www.zayzoon.com.
ZayZoon is the financial empowerment platform for SMBs. With ZayZoon, payday finally comes with the push of a button. It's free for employers and takes only 30 minutes to implement. Employees can use ZayZoon to get paid whenever, however. The platform also offers educational resources and tools to help workers break the paycheck-to-paycheck cycle. And it works. Eighty-nine percent of employees who use ZayZoon report less financial stress and employers who offer ZayZoon boast a 29% reduction in turnover. To learn more, visit ZayZoon at https://www.zayzoon.com/.