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PayPal Inks Deal Letting U.S. Workers Get Paid Before Payday

Nov. 17, 2020, 2:00 PM

PayPal Holdings Inc.’s U.S. workers will be able to get paid faster under a deal the company reached with Even Responsible Finance Inc.

The agreement gives PayPal employees access to their compensation as soon as they earn it, so they don’t have to wait for payday every two weeks. They also get free access to Even’s app, which forecasts earnings and expenses to make it easier to formulate a monthly budget.

PayPal is one of many U.S. employers looking for ways to help staff build their savings and avoid borrowing from pricey payday lenders. Almost 40% of U.S. workers ...