Press Pay review

Access up to $100 of the money you've earned instantly with Press Pay wages on demand. It's available 24/7 and is interest-free.

If you want to be able to access your money as you earn it, Press Pay may be able to help.

Press Pay is a wages-on-demand service that allows you to instantly withdraw money from your earnings 24 hours a day, 7 days a week, ahead of your usual payday.

3 things to know about this service:

  • Access up to $100 of your money per day
  • Interest-free with no ongoing fees
  • Does not go through your employer – 100% confidential

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Details

Product NamePress Pay
Maximum amount$100

Main points to consider with Press Pay

Press Pay is a wages-on-demand service that allows employees to access their money ahead of payday via a simple SMS service. Press Pay does not charge interest or ongoing fees for its service, but simply a flat rate withdrawal fee of 5% of the money you draw down. For example, if you decide to withdraw $100, you'll pay a $5 fee.

Unlike other wages-on-demand services, Press Pay does not go through your employer. You can even use this service if your employer is not partnered with Press Pay, though you may be able to access additional benefits if your employer does choose to become a partner, such as free withdrawals. Whether your employer is partnered or not, this service is 100% confidential and does not inform your employer of you using the service. Press Pay also does not perform credit checks, so it won't affect your score to apply.

To sign up to Press Pay, fill out a quick online application form on the lender's website. If approved, you'll receive a text message back confirming your details and eligibility within 5 minutes. Press Pay will also inform you of how much of your earnings you can immediately access, which is up to $100 of the money you've earned per day instantly. Any borrowings are then automatically repaid from your nominated bank account on your next payday.

Features of Press Pay

  • Loan amount. Access up to $100 of your earnings each day.
  • Loan term. Repay any borrowings you've made in full on your next payday.
  • Quick application. Sign up with a simple online form.
  • Quick approval. You'll receive a decision within 5 minutes.
  • Access wages on demand. Get access to your wages as you earn them.
  • SMS service. Request your money by simply texting the lender.
  • Confidential. Your employer will not be informed that you are using a wages-on-demand service.
  • Available 24/7. This service is available 24 hours a day, 7 days a week, 365 days of the year.
  • Interest-free. This service does not charge interest.
  • No sign-up fees. It's free to sign up to Press Pay.
  • No ongoing fees. There are no monthly or other ongoing fees for using this service.
  • No credit checks. Press Pay will not check your credit report for using its service.

Pros and cons of using this service

Pros
  • Free to sign up
  • No interest charges
  • No hidden fees
  • Your employer does not need to be signed up to Press Pay
  • Get paid within minutes
Cons
  • Limited withdrawal amount

How much does it cost?

  • Flat fee. This service charges a flat fee of 5% of the drawdown amount.

Eligibility requirements

In order to qualify for this service, you must meet the following eligibility criteria:

  • Be employed by a company. This service is not available to self-employed individuals. You can be employed full-time, or part-time as a casual worker or contractor (this includes on-demand work like Uber, UberEats, Deliveroo, Menulog, etc).
  • Income minimum. You must earn at least $450 in income after tax each week. (Government benefits including Centrelink cannot make up more than 50% of your income.)
  • Regular pay. You must have a weekly, fortnightly or monthly pay schedule. This pay must also go into a transaction account and not a savings account.
  • Community first review criteria. Your spending will be assessed via your online banking to review criteria such as alcohol and gambling spending.

For more information on pay-on-demand services, please visit our guide.

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