Tapcheck

What Is Tapcheck?

Tapcheck is a digital financial wellness platform that offers an Earned Wage Access (EWA), allowing employees to withdraw a portion of their accrued net pay before their scheduled payday. It syncs with employers’ payroll and timekeeping systems to calculate exact, after-tax earnings. Employees can transfer their earned wages instantly for a small flat fee, saving them from the high interest rates of traditional payday loans. The service is free for employers to offer; employees pay a flat, ATM-style fee only when they transfer funds.

What Is Tapcheck Best For?

Tapcheck’s one of the standout features is the Net wage calculation based on real-time, data-driven information. Whereas apps based on simple algorithms try to estimate your weekly salary, Tapcheck can be embedded into over 300 time-clock and payroll systems, including ADP, Paychex and Workday to calculate after-tax net pay the instant you clock out of a shift. This suits hourly and shift workers because they can withdraw money before they need it without a risk of over drafting, and also the hourly wage worker does not have to be credit checked or have an interest rate applied.

How Much Does Tapcheck Cost?

Tapcheck pricing starts at $2.95/advance as a small, flat transaction fee. As it is an Earned Wage Access (EWA) program and not a loan provider, there are no interest charges, subscription Tapcheck pricing, or hidden membership fees.

For employers, there is no setup fee, subscription cost, per-employee fee, and integration cost. Whereas signing up, checking available balances, and using the built-in financial education tools are entirely free for employees. They only pay a fee when they actively choose to transfer money:

• Immediate Access/Instant Transfer: $4.95/advance
• Tapcheck Mastercard Transfer: $2.95 for card-to-card transfers

The transfer fee is completely waived if employees choose to cash out their earned wages onto discounted store gift cards via the Tapcheck App.

The overall fee format, according to some reviewers, is reasonable given the instant access it provides. Several users also note that the flat transfer fee feels fair compared to other overdraft or payday-loan alternatives. A few users, however, report that the fee adds up with frequent use, though most say the convenience it offers outweighs the cost during financial emergencies.

Disclaimer: The pricing is subject to change.

Tapcheck Integrations

The vendor connects with more than 300 payroll and timekeeping systems through a no-code integration, including:

• ADP
• Paycor software
• Paychex Flex
• UKG
• Workday
• QuickBooks

How Does Tapcheck Work?

After you have set up an account, here's how to get started using the platform:

• Start with connecting your payroll and timekeeping systems to Tapcheck without code
• After that, ask employees to verify their identity and employment during registration
• Now, employees designate a bank account or sign up for the optional Tapcheck Mastercard
• Hours worked sync automatically to Tapcheck as employees clock in and out
• Tapcheck app allows employees to view their available balance in real time
• Employees get an option to transfer up to 70% of net earnings whenever they choose
• On the payday, the transferred amount gets deducted and itemized on the paystub

Who Is Tapcheck For?

The software serves employers and employees across a range of industries and sectors, including:

• Retail
• Hospitality
• Healthcare
• Manufacturing
• Staffing agencies
• Hourly or shift-based workforce

Tapcheck Use Cases

Based on our analysis of Tapcheck features and earned wage access service model, we have identified key scenarios where this platform is a strong fit for employers with hourly or shift-based workforces:

Competitor-Targeted Job Recruitment

The competition between retail, quick-service food chains, and health care providers for hourly labor forces is quite intense, especially when they all recruit at the same hourly rate. With Tapcheck, hiring managers can create ads for job vacancies on job boards like Indeed and include wording like "Same Day Payment Available with Tapcheck!" at the top of the ad. Because jobseekers search for same-day payment jobs in particular, this leads to significant increases in applicants for that role compared to competitors that stick to the per-pay-period payment model.

Immediate Point-Of-Sale Emergency Purchases

When a personal emergency hit (like a flat tire on the way to work, an unexpected medical co-pay at urgent care, or running out of household groceries), employees often request HR for a manual salary advance. This puts managers into awkward situations and creates messy spreadsheet tracking for payroll teams. Companies redirect all emergency cash requests to the Tapcheck App. The employee requests the money independently, Tapcheck funds the advance instantly, and the system automatically deducts the balance on payday without HR getting involved.

Getting Staff To Work Extra Shifts

Restaurants and warehouse managers often need hourly workers on short notice (mostly because of an unexpected weekend rush). Through this software, managers can motivate their staff to cover that unplanned shift by promising immediate liquidity as an incentive, telling staff: 'Anyone who covers tonight's open shift can withdraw their earnings through Tapcheck the second they clock out.'

Employee Onboarding Without Bank Accounts

Employees without a bank account mostly receive paper checks. This necessitates that the HR department takes the time to print checks and track them while it forces the employees to use companies that charge high fees for cashing checks. When an employee is hired, HR sends them a digital Tapcheck Mastercard, which makes the HR department free from dealing with checks while it also removes the need for the employee to visit a check-cashing outlet.

Is Tapcheck Right For You?

If you operate in a high-turnover industry like retail, healthcare, or hospitality and need a free, competitive benefit to attract workers, then Tapcheck software is the right fit for you. It can protect your company's employees from high-interest credit cards, overdraft fees, or predatory payday loans.

But if your employees work entirely on fixed monthly salaries, and they want to borrow money against future hours they haven't worked yet, then this software is not the right choice for you.

Tapcheck connects directly to your payroll systems like ADP or Paychex via an API. The SOC 2 Type II certification ensures that Tapcheck’s connection won't act as a 'backdoor' for hackers to break into your company's main financial systems. If you connect an uncertified app to your payroll and it gets hacked, your company faces massive legal liabilities, CCPA/GDPR fines, and a PR disaster. This certification proves you did your due diligence by hiring a secure partner.

Still not sure if Tapcheck is the right choice for you? Contact us at (661) 384-7070, and our team will help you decide based on your requirements.