Eliminating payday loans and overdraft fees for 2.5MM employees, with Matt Kopko of DailyPay
The Fintech Blueprint
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Is There a Zero Off the Cost of Earned Wages?
For some all you need is one daily pay transaction. But even if you needd to use your daily pay once a week, over those same eight weeks, right on, an average two dollar fee,. Your paying may be something like 15 to 20 dollars in fees, as opposed to 500 dollars in fees. And so yo, we are at minimum, i think, taking a zero off the cost, there at least an order of magnitude reduction in the fee burden.
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