12 million Americans use payday loans each year. As of 2017, there were 14,348 payday loan storefronts in the United States (there were only 14,027 Mcdonald's locations). The typical payday borrower is in debt five months out of the year. In a typical pay period, at the end of each month, an employee gets paid the salary. Employees are forced to often use payday loans to cover the interim period but at the cost of large interest payments which usually leave them in a worse situation.
In the earlier example, while a payday loan is an option — i.e a cash advance that comes with high interest and fees — OrbisPay believes that a non-interest-bearing fee-only system that only gives earned salaries will bring greater benefits as well as accountability for consumers. OrbisPay hopes to provide financial stability that benefits hourly wage workers by letting them access their earned money before their next paycheck.
The nice thing is that OrbisPay gives funds through its own banking relationships and does not cause any cash flow issues for your employer!