Square launches On-Demand Pay and Instant Payments
Square has launched On-Demand Pay and Instant Payments, solutions that enable Square Payroll customers and their employees to effectively manage their cash flow.
According to the press release, there are more than 80 million hourly workers across the country, many of whom regularly face cash flow constraints that are exacerbated by traditional biweekly and monthly pay schedules. Therefore, Square enables eligible employees using On-Demand Pay to transfer up to USD 200 of their earned wages whenever they need them, for free to Cash App – Square’s mobile payment service that allows individuals to spend, send, store, and invest money.
