ZayZoon: The Ultimate Employee Benefit

ZayZoon was created to provide responsible financial products to an underserved generation of employees. The 63% of Millennials living paycheque to paycheque and the over 50% of ALL employed Canadians who would find it difficult to meet financial obligations if their paycheque was delayed by just a week. This is who ZayZoon is cheering for.

In partnership with PaymentEvolution, ZayZoon is giving employees access to their already earned wages, before their next payday. This innovative product allows employees to access a portion of their pay on their own terms all from within the PayChequer portal.

So how does it work?

  1. Login to your PayChequer account and click on the ZayZoon icon.
  2. Choose how much money you would like to access.
  3. Review the terms, such as: how much you are choosing to access, how much this will cost, and what day the payback is.
  4. That’s it. In under 7 seconds, you can have access to your pay, on your terms!

What about the specifics?

ZayZoon allows employees to access a portion of their net pay at a cost of 16 cents per day, for every $100 accessed. Employees pay this back on their payday after next, which means they can have funds for as little as 15 days or as long as 29 days.


It is Monday, March 13th and Zoe’s car gets a flat tire. Zoe is paid semi-monthly, and because she budgets around the 15th and the last day of every month, she finds herself $100 short for the tire repair. By using ZayZoon, Zoe can have money in her account within an hour and her tire fixed shortly after. The $100 of her own wages Zoe chose to access early, will automatically be paid back on the 31st of March. This will cost Zoe only $2.88!

How is ZayZoon good for the employer?

ZayZoon isn’t just a benefit for employees, it is also beneficial to employers!

With no costs involved for employers, allowing employees to use ZayZoon involves zero administrative work as well. In addition, a large portion of employees bring financial stress to work. You can quickly realize how this can reduce productivity and increase employee turnover. Mix in the fact that 12% of employed Canadian’s are using payday loans – that’s 12% of Canadians that are paying upwards of $23 per $100 borrowed!! – no employer wants their employees to be subjected to that.

I still have some questions!

Why ZayZoon?

ZayZoon is an award winning company that has been recognized by PayPal as one of the hottest Financial Technology companies in Canada. ZayZoon has also been featured on Bloomberg Television and recommended to the Canadian Government as an ideal model in the fight against predatory lending.

Isn’t ZayZoon just a payday loan?

ZayZoon is definitely NOT a payday loan. Some key differences? ZayZoon gives workers access to already worked hours, ZayZoon is up to 90% less expensive, and ZayZoon doesn’t deal in cash – we submit funds to employee bank accounts.

 Is ZayZoon is expensive?

For accessing small amounts of money, ZayZoon is one of the cheapest options. $200 for example, will cost about $5. This is the same as many ATM’s or Credit Card cash advance fees! The specifics of ZayZoon’s charging model is that for every $100 an employee chooses to access; they will pay 16 cents/day.

I don’t want to extend my employees credit.

Using ZayZoon, isn’t an extension of credit. ZayZoon works to only extend funds that the employee’s paycheque will cover. This goes back to the fundamentals. ZayZoon is simply a way for employees to get paid a little faster.

Won’t employees be thrown into a debt spiral?

ZayZoon has certain precautions set in place to ensure employees can only access a certain amount of their paycheque. Employees are only allowed to access 65% of their paycheque, and with such low fees, the employee will never take more than they can pay back.

To get PaymentEvolution payroll visit to start for FREE today




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