Dosh vs Instant Financial

Dosh is an earned wage access platform for employees of participating companies. It connects to an employer’s payroll system to track wages as they accrue, allowing eligible employees to request up to 25% of their monthly salary before payday. By default, employees may request one advance per week, though employers can configure a different limit. Dosh charges a flat 10% transaction fee on the amount requested. The amount accessed and fee are deducted from normal pay on the next payday and itemised on the payslip. Approved funds are sent to a bank account or mobile wallet, often within minutes. Dosh describes wage access as not a loan and says it involves no credit check or interest. Employees need a participating employer with integrated payroll, a South African ID, mobile number, bank account, and three months of bank statements to sign up. The Android app is available on Google Play; Dosh says iOS is coming soon. The company says it uses encryption, access controls, and audit trails, and does not sell personal data. Dosh says the benefit costs employers nothing to run.

Instant Financial gives employers tools for earned wage access, tip payouts, and virtual pay cards. With Instant Pay, employees can access up to half of a day’s wages the next day after working. Instant Tips lets managers move tips into employees’ Instant accounts immediately after a shift. Funds can be received through a physical or virtual Visa debit card, direct bank transfer, or mobile wallet. The Instant Card works wherever Visa is accepted and supports withdrawals at more than 40,000 surcharge-free ATMs. The app also includes five financial wellness tools, including high-yield savings, credit-building solutions, and health benefits. Instant lists integrations with Paychex, UKG, ADP, P&A Group, Delaget, Harri, and Paylocity. Employees can use Android, iOS, or a desktop browser with Safari or Chrome. A free plan is listed at free; pricing is also available on request.