Best 10 Apps Like Beforepay Australia 2024

There are many apps like Beforepay that offer pay on demand services and allow you take out a part of your earned wages or salary to cover emergency expenses, to be paid back on your next payday. The maximum you can cash out with other apps like Beforepay is usually $1,000 for existing customers, while new customers can only cash out between $50 and $800. The limit increases over time with timely and successful repayments.

What is Beforepay?

Beforepay is a short-term fintech banking and finance application in Australia that allows users access up to $2,000 of their wages ahead of payday and up to 4 pay cycles at a 5% transaction fee per advance while repayment period last four weeks. The app, owned by Beforepay Group Limited was founded to support working Austrians who have not been well‐served by the traditional financial services industry. The pay advance app is projected as an ethical, customer‐friendly solution to manage temporary cash flow challenges in preference to less flexible and more expensive payday loans.

The best apps like Beforepay in Australia are CommBank AdvancePay, Wagepay App, PayActiv App, MyPayFast App, Wagetap App, MyPayNow App, Wagestream and Presspay. These online lending applications give customers a portion of their pay as they earn it, have minimal advance fees with really fast loan processing within few minutes, while repayment is typically done automatically at the next paycheck.

While applications like Beforepay point out that you can use your money how you deem fit, they’ll monitor whether you’re using the funds in any risky spending behaviours and limit what you can get. Your account will also be limited if you miss any payment, and you can’t access the services until you settle the outstanding balance.

1. CommBank AdvancePay

CommBank AdvancePay is one of the best pay advance apps like Beforepay that gives customers access to money they expect to be paid, before their next payday. Though CommBank AdvancePay helps with quick loan when unexpected bills hit you or you are short of funds, it’s not intended to be used regularly and won’t be available every pay cycle. It’s designed as a short term facility applied to your personal everyday account as a temporary limit.

This platform allows you access to a minimum amount of $300 before your next pay day. There’s no need to contact or involve your employer. Simply apply online in just a few minutes, as long as you’re eligible. If approved, your limit should be available within seconds (but may take up to 1 business day). You’ll be charged a fee depending on the amount you ask for.

There are no extra charges if you pay back on time. If you ask between $300 and $500, the fee amount is $5. However when you request between $501 and $1,000, the fixed advance fees is $10. To help you stay in control of your finances, CommBank AdvancePay limits you to have just one facility at a time.  You can have access to a payday advance between $300 and $1,000 before your next payday.

2. Wagepay App

Wagepay is another reputable pay on demand app like Beforepay, set up to revolutionise the way Australians access their pay, for the better, by giving early access to a portion of your wages before payday. With this platform, you can get a pay advance up to 25% of your pay, to a maximum of $2000, and repay it back in one, easy payment!

Wagepay allows you to borrow money through the app, or choose to do so through their website. If you get paid $1,000, you can advance up to $250 representing 25% and only pay a fees of $13.65 extra. You can sign up and apply in 3 minutes and get an instant loan approval.

3. MyPayFast App

MyPayFast is a trusted earned wage access app that works exactly like Beforepay, a pay on demand application in Australia, in that it allows you to access your pay early up to $750 and enables you to track your spending and expenses quickly and easily. Their system provides partial access to your salary in advance and deposit money into your transactional account for you to use immediately.

As a veritable app like Beforepay, you can get cash advances from MyPayFast app by simply signing up for fund withdrawal which can be done in only a few minutes. The repayments are directly debited from your bank account. MyPayFast app gives customers real-time wage deposit up to 25% of their salary for a maximum of $750, anytime anywhere before payday. This service is interest-free and only charges a flat rate loan fee of 5% of the loan amount.

4. WageTap App

WageTap is one of the best pay advance apps like Beforepay, allowing users access the pay they have already worked for and earned, up to $300. To be approved to make a withdrawal, you need to meet WageTap eligibility criteria which can only be done one withdrawal at a time.

WageTap loan apps and approval process could be concluded in 3 minutes. Each transaction has a loan fee of 5% withdrawal and an interest rate of 24% p.a. That means if you withdraw $100, your withdrawal (loan) fee will be $5.

5. PayActiv App

PayActiv is one of the top-rated reputable apps like Beforepay that provide pay advance services. If you are a citizen of, or resident in Australia, you can get cash advances on wages you’ve already worked for, but not yet paid. The platform partners with several businesses to provide on-demand access to employees.

With PayActiv, you can access up to 50% of what you have already earned. However, the maximum accessible amount is determined by the employer while all fees to access your earned wages are less than $3. Further, it charges a $1.99 processing fee for instant deposit to cards other than Payactiv cards and for cash pickup at Walmart stores.

6. MyPayNow

With MyPayNow, a very reliable app that works exactly like Beforepay application, you can access up to a quarter of your pay early, each pay cycle. With real-time deposits, you can get the cash you need to get back on track in just 60 seconds! To enjoy the loan services of MyPayNow, simply fill in your details and answer some quick questions about your employment. Once done, the application will calculate how much of your wage you can get early access on.

With MyPayNow, a popular Beforepay alternative and a leading Earned Wage Access application,  employees can get what they need, when they need it (from as little as $50 all the way up to a quarter of your wage) with no limits on the number of requests each worker can make each pay cycle. If you access $100, you will pay back $105.00. That’s the total amount of your wage advance, plus a 5% fee. No hidden fees or interest.

7. PressPay App

PressPay is a wage on-demand service platform that let employees access their earned wages before their next payday through a simple SMS solution. Unlike other apps like Beforepay listed in this article, it doesn’t go through your employer. So, even if your employer is not partnered with PressPay, you can still be able to access money. However, if your employer tends to become a partner, you can be able to get additional benefits like free withdrawals.

The maximum amount you can access through PressPay is $100. For instance, if you wish to withdraw $100, you’ll have to pay a $5 service fee. Although it doesn’t charge interest or any other hidden fee, it does charge a service fee of 5% of the drawdown amount.

8. Wagestream App

Wagestream is yet another credible app that operates similar to Beforepay and it’s popular in Australia as well as in the United Kingdom. The app was formerly called Earnd and it is more like a money management tool with a pay-on-demand option.

Just like Beforepay, Wagestream allows a salaried worker access to up to 50% of their accrued wages throughout the month which can be used in the event of an unplanned expense. which can be done through the app in a matter of seconds and with terms up to 31 days. However an employer needs to be partnered with Wagestream for the employee to benefit to use the service. If your employer covers the costs involved, you will not be charged fees. Otherwise, a fee of $2.49 applies per transaction.

9. InstaPay Australia Pay Advance

InstaPay Australia Pay Advance is a very popular pay-on-demand application offered by Employment Hero, an HR and payroll platform for Australian businesses that allows employees access up to 50% of their earned wages, to a maximum of $250 per transaction, before their regular payday, while repayment is made at the next paycheck.

InstaPay Australia application, just like Beforepay, gives employees early access to their earned wages before their next payday. For a $3 fee per transaction, your employees can request up to 50% of their earned wages, which is capped at a maximum of $250 per week, while the minimum withdrawal amount is $100 per transaction.

Employment Hero pays the InstaPay amount to the employee in advance of the payrun, and the InstaPay amount is automatically included in their payslip as part of the next payrun as a post-tax deduction. Your team simply has to process the payrun as normal, with no extra admin or effort required. You will see the InstaPay amount as a line item under ‘Deductions’ on the payslip.

Just like Beforepay, employees use InstaPay for managing bills when they fall on an ‘off’ week, offsetting mortgage repayments, tackling unplanned expenses like emergency vet visits or medical bills and managing funds between monthly pay cycles among others. For a $3/$4 fee per transaction, employees can request up to $250 of their earned wages each week (or up to a maximum of 50% of their owed pay) before their allocated payrun.

10. ZayZoon App

ZayZoon, an early wage access and payday advance service application in Australia, is the last on our list of apps like Beforepay Australia, and a very reliable pay on demand service app. With it, employees can make anyday their payday by accessing up to $200 instantly from wages they already earned. Workers get the cash flow they need to handle any unexpected expenses life tosses their way. Plus, they can finally stop relying on bad financial products, like payday loans.

When payday’s anyday, you don’t have to worry about missing payments, which means no more late fees or overdraft fees. All in all, our customers can save at least $727 per year, all thanks to a reputable Earned Wage Access app like Before.

What is the Beforepay Application?

Beforepay application is an innovative app-based lending service in Australia that allows you to access a portion of your salary before your scheduled payday. Unlike other buy now pay later platforms, such as Afterpay and Zip, Beforepay provides you with a cash advance directly into your bank account, which you can repay within four weeks along with a 5% transaction fee.

The Beforepay Login 2024

The Beforepay login page in 2023 is a very beautiful and easy to use interface that allows both new and returning customers to have a memorable and seamless online interaction. The steps are simple and takes only a few minutes to complete.

Let us first consider the login page for new customers.

Beforepay Login for New Customers

For new customers to get started and login for Beforepay, do the following:

1. Create an account
2. Verify your income
3. Verify your identity.

You will need a driver’s licence, passport, or medicare card to apply.

Then click, “I am eligible, let’s go” and get started.

After you have successfully created your Beforepay accou nt and logged in, you can then simply apply for up to $2,000 and once approved, you can get it deposited into your account for as little as 10 minutes.

If you started the login process as a new customer to Beforepay and haven’t completed it before you logged out, once you get back, you click “resume application” and complete the login process.

Beforepay Login for Existing Customers

If you are a old or existing customer who wants to login back to your Beforepay account, do the following:

To log in to Beforepay, follow these simple steps:

1. Click the Beforepay login page here
2. Enter your email and password
3. Click login
4. In case you forgot your password, you can click the password reset and have a link to reset another password
5. Get into your account and apply for as much as $2,000
6. Get the fund deposited into your account in as little as 10 minutes.

General Guide To The Beforepay Login Process

The following is a summary of the general steps to be taken to get to the Beforepay login.

1. Ensure that you have downloaded the Beforepay app on your smartphone or you can as well visit the website to register,.
2. Click on the “Log In” button.
3. Enter your registered email address or log in using your Facebook credentials.
4. Provide the required information, such as your password or any other security measures prompted by the app.
5. Once you have entered the correct login details, click on the “Log In” button.
6. You will be granted access to your Beforepay account, where you can manage your funds, view your borrowing history, and make any necessary transactions.

It’s important to remember that you need to have an active Beforepay account and have previously registered with the app before you can successfully log in.

Beforepay Share Price

Beforepay Group Limited’s current share price is $0.50, which signifies a notable movement in share price of 6.38% in comparison to its closing share price of $0.47 recorded seven days ago. When considering the opening stock price of the company today, it remains steady without any significant change. This implies that the stock price has maintained its position without experiencing any significant upward or downward shift since the market opened.

How Does Beforepay work?

Beforepay works by accessing your salary and spending habits directly through your bank. Once you have connected your bank account to the app, you can easily access up to $2,000 of your usual salary before your next payday, which you’ll have up to 4 pay cycles to repay. Beforepay charges a 5% transaction fee on all repayments, with no interest or hidden fees.

To get started, simply download the Beforepay app and link it to the bank account where your salary is deposited. Once your identity is verified, you can choose the amount you need and have it transferred directly into your bank account. Repayment is hassle-free, as it is automatically deducted from your next paycheck. Beforepay gives customers the flexibility to repay early if you wish, or even delay payment once per cash out. With this app, you have full control over your finances and can conveniently access the funds you need when you need them.

What is the cost of borrowing with Beforepay and similar apps like it?

Beforepay is accessible to most employed people and unlike costly payday loans which usually charge an establishment fee of 20% of the loan amount and 4% in monthly fees, Beforepay is lower-cost financial remedy to accessing a part of your pay early.

Apps like Beforepay have their fee structure, but the majority levy a fixed 5% on top of the borrowed amount for using their services. For example, a $5 fee applies for $100 while a $20 fee applies for $400 and so on. Other apps like Beforepay Australia may charge a flat fee influenced by the amount you cash out. It can only apply within specific ranges, and you may face additional costs if the amount you cash out exceeds particular thresholds.

What Are The Features of Beforepay app?

The following are the unique features of the Beforepay application:

• Fast pay advance borrowing up to $2,000, subject to meeting eligibility criteria.
• Quick application. Downloading the app takes as little as 2 minutes.
• Enjoy a fixed 5% transaction fee on borrowed funds, payable on your next payday.
• Instant disbursement. Get your funding in as little as 60 seconds.
• No interest charges, ongoing costs, or rates, apart from the transaction fee.
• No late fees, but missed payments will prevent further borrowing until the outstanding amount is repaid.
• Connects to your bank account. This app connects directly to your bank account.
• Use the app to track your income, expenses, bills, and outstanding repayments, with automatic budget creation based on your spending history.
• Secure and private. Beforepay uses bank-grade security to protect your data from fraud.
• Receive notifications and updates on your spending and saving progress.
• “Delay payment” option. If you can’t make a repayment on time, you can select a “delay payment” option that will automatically line up your next repayment with your next payday. Please note that you can only do this once per wage instalment.
• Repay in instalments. Make your repayments in Up to 4 pay cycles.

Applying for Beforepay

To use Beforepay and other apps like Beforepay, download the app, register with your email address or Facebook credentials, and connect your bank account. Meeting eligibility criteria, including a regular salary of at least $300 after tax per week, is necessary. Beforepay does not run credit checks but analyzes your income and expenses to ensure repayment capacity.

Pros and Cons of Beforepay And Other Apps Like Beforepay

Some of the pros and cons of Beforepay and similar apps like Beforepay include the following:

Pros:

• Quick access to funds when needed, bypassing the wait until payday.
• One-time transaction fee with no ongoing charges.
• Lower fees compared to other products like payday loans.
• No late fees, only restrictions on further borrowing until outstanding amounts are repaid.

Cons:

• Limits on the amount of money that can be accessed.
• Transaction fee is an additional cost compared to waiting until payday.
• Considered a temporary solution, not addressing underlying financial issues.

Conclusion

Applying for apps like Beforepay Australia is straightforward. Download the app and install it. Create a new account, configure your profile and provide your bank account details. Apps like Beforepay Australia will then establish a secure connection with your bank account.

Artificial intelligence will then analyse your banking transactions to determine when your pay usually arrives and the advance amount you can afford. You can then select the amount you need, provided it’s within your cash-out limit, and follow the provided instructions. If you qualify and can afford the loan, your advance will be approved and transferred into your account.