LSS partners with PayActiv to allow you immediate access to the pay you’ve already earned

Have you ever wished that you could access the money that you’ll be paid on your next paycheck but can’t?  Have you ever needed just twenty dollars or sometimes more to pay an expense that can’t wait until the next pay date?  If so, you are not alone.  Approximately 50% of all workers in the United States have less than $400 in savings for unanticipated expenses.

LSS has partnered with PayActiv to provide services designed specifically for these hardships.  We believe the services they offer reduce stress caused by short term financial needs like many of us experience. 

What is PayActiv?

PayActiv provides a service that allows staff to receive an “advance” on their wages that they’ve already worked but have not yet been paid.  This is not a loan, and no interest is ever charged.  It’s simply an advance on your own earned wages.

How does it work?

Each morning, PayActiv receives a report from our payroll system that tells them the number of hours each employee has worked in that pay period.  Matching the hours we’ve each worked with the monthly demographic report provided to them each week, PayActiv knows how much pay to estimate the employee has earned in that pay period.  PayActiv then displays the dollar amount available to you for which you can withdraw when you visit their app.  If you want to access that money instantly, you may incur a fee based upon how you’re accessing that money. See pricing chart below.

For example, an employee who is paid $15/hour visits the PayActiv app on the 4th day of a pay period.  They’ve worked two 8-hour shifts in that pay period so far… 16 hours x $15 = $240.00.  Seventy-five percent (75%) of that, $180.00, would be available for them to get an advance on (minus any applicable fees as outlined above). You may request the money be applied to a pay card of your choosing, transferred to a bank account, and/or withdrawn via participating ATM’s as cash.