Instant Pay

Instant Pay is a fast and flexible way to disburse funds to workers, offering real-time access to earnings using modern card network rails such as Visa and MasterCard, through a linked debit card. This feature is available both through the Zeal Dashboard and API, allowing you to deliver Employee net pay, Contractor payment, or final termination pay—near instantly.

Key Benefits

• Real-Time Funds Availability
  Workers can receive funds within minutes, far faster than traditional methods via ACH or paper check.
• Convenience
  Funds are available directly in the worker’s virtual wallet that can be transferred to a connected debit card through a mobile app experience at any time.
• Accessibility
  Instant Pay works with most major debit cards, ensuring wide availability for nearly all workers.
• Revenue-Generating
  This payment method allows you to add your own fee, to be collected from each payout amount, allowing you an additional revenue stream for your business.

Use Cases

Some use cases for Instant Pay include:

• Urgent funds availability
• Same-day termination pay
• On-demand worker withdrawals
• Contractor disbursements

Instant Pay Flow

1. Setup: Ensure the worker has opted into Instant Pay by going through the Instant Pay Enrollment.

   • Enrollment can be completed as part of onboarding to Zeal, or independently with Create enrollment link.

   • The link can be generated in the Zeal dashboard, within a worker's profile you can Ask worker to update:

   • The link can be sent in one of two ways - via the link generated or by having Zeal email the worker to their email address on file.

2. Onboarding: The worker completes their Instant Pay Enrollment, which includes acknowledging/enrolling in Instant Pay and connecting their debit card. Upon successful enrollment, a virtual wallet is then created to store their Instant Pay funds.

3. Funding: When running payroll, you can select Instant Pay as the disbursement method for the worker to receive funds to their virtual wallet.

4. Transfer: At the time of processing, the funds move into the worker’s virtual wallet.

5. Access: Workers can then request to move their funds on their debit card, receiving it in near real-time—often within minutes.

Instant Pay Dashboard View

Through the Zeal dashboard, you are able to view and manage all Instant Pay transactions - from the Pay -> Instant Pay page:

• Overview of all Instant Pay payments (date, recipient, card network, amount, and status)

• Detailed transaction view within each transaction (worker payout, business revenue, Zeal fees)

• Balance summaries:

  • Available Instant Pay revenue
  • All wallet balances
  • Median wallet balance
  • Total revenue earned from Instant Pay

• Payout functionality

  • Provides the ability to send the available revenue that has been generated to your business's linked bank account
  • The history of all business payouts provided to you will be shown in Transactions

White-Labeled Mobile App

Workers have the ability to manage the pay you provide them directly within a Zeal white-labeled mobile app. Workers can access their funds directly either on their app to move the money out or directly into their linked card, eliminating the wait time when funds might be made available to them with their external financial institution.

• Instant Pay Tab in Earnings
  • Shows balance available for transfer
  • Displays full transaction history (wallet fundings and withdrawals)
• Transfer Funds
  • Choose how much to transfer
  • Select or add a new debit card
  • View and confirm any associated fees
  • Track transfer status instantly

A quick demo of the flow can be viewed here.

For additional information on how Instant Pay can work for you or help getting set up, please reach out to your Zeal Salesperson or Customer Success Manager.