Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods for gig workers often involve delays and reliance on traditional banking systems, creating cash flow challenges and dissatisfaction among workers. This can lead to difficulties in attracting and retaining talent in the flexible workforce.
Solution
Checkr Pay provides a platform for businesses to offer instant payments to their 1099 workers through an embedded and customizable digital wallet and debit card system. The platform integrates directly into existing applications via API or no-code components, enabling seamless and rapid deployment. Workers benefit from immediate access to their earnings, while businesses can streamline their payment processes and enhance worker satisfaction. Checkr Pay also handles KYC compliance, ledger management, and 1099 e-filing, reducing administrative overhead. The platform offers options for same-day ACH transfers and push-to-debit withdrawals, providing flexibility in how workers access their funds.
Target Audience
Checkr Pay primarily targets businesses that utilize a flexible workforce, including those with 1099 contractors, and seek to improve worker satisfaction and streamline payment processes.
Features
- Instant payments to workers via digital wallet and debit card
- Customizable digital wallet embedded within existing business applications
- RESTful APIs and React Native components for flexible integration
- No-code integration options for rapid deployment
- Built-in KYC (Know Your Customer) verification
- Automated ledger and 1099 e-filing
- Admin dashboard for streamlined payment operations
- Same-day ACH and push-to-debit withdrawal options
- Digital and physical debit cards
- 24/7 worker support