DailyPay reviews

3.5

57% would recommend to a friend

(312 total reviews)
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Nelson Chai

39% approve of CEO

49% positive business outlook

DailyPay has an employee rating of 3.5 out of 5 stars, based on 312 company reviews on Glassdoor which indicates that most employees have a good working experience there. The DailyPay employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

312 reviews
1.0
Nov 18, 2022

Why is everyone flying the "COOP" at DailyPay?

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I worked for DailyPay for years. Initially, it was great, but you could see where the company was headed. The early DP was electric. The previous CEO's enthusiasm and vision were contagious, and the mission was clear. You can point fingers in every direction for recent layoffs and morale, but it was exciting to be part of something that truly was disruptive. We destroyed predatory payday loans. It was a win (employers), win (employees), win (DP employees). It was fun with a purpose. But wait, there's more...

Cons

Everything changed with the new CEO, who has the personality of a manilla envelope. A lot of talented management has already found their wings and split. While it was smart to stop the free lunches and address complaints about paying for rotting bananas, he should have spent more time getting to know his employees before he started slicing and dicing. To make matters worse, his town halls were vague and loaded with marketing cliches - buzzword bingo. Before he cut for the sake of cutting, he could have saved jobs by maybe dumping a portion of the football field-sized office where no one shows up. Or, a few more jobs would have been saved if DailyPay stopped putting its logo on every product known to man. I cannot imagine what they spend on "swag." If you apply here, you won't get paid enough despite claims of being 'competitive.' If you are over 40, good luck - they prefer sheep. It is NOT merit-based. If you decide to work here, be prepared to be in meetings for half your remaining lifespan. DailyPay invented meetings about meetings - utility patent pending. Also, Slack is whack, and you will get pinged to the point of torture.

2.0
Nov 11, 2021
Recommend
CEO approval
Business Outlook

Pros

- Meeting a market need - High growth Seemingly committed to benefits/ flexibility (but this is more talk than action in my experience)...so make sure to ask questions about work/life balance as this varies from team to team. If you are sales-oriented, this may be a good place for you. This is a sales driven organization, NOT a product driven one.

Cons

There is no doubt DailyPay is fitting a need in the market. The current payroll system (typically operating on a bi-weekly schedule) can leave hourly or lower-income workers in a bind when sudden financial needs arise. However, examine the incentives of this kind of product...in order for DailyPay to make $, workers need to be cash poor. That statement may sound black and white, as I know they have other promoted products regarding savings, budgeting, etc. But they make money off of need. At least in their current state. Other cons include: - Not a start up culture, very finance/ investment banking culture given that is where a lot of the leadership started their careers - Competitive environment - Very 'in office' culture, not necessarily covid-conscious policies - Equity/ stock option plans are a black box, try to do your own research and ask good questions before accepting a job here

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DailyPay Response
4y
Thank you for your feedback. Before replying to your comment we shared this with our executives for visibility. It is concerning to us that during your time at DailyPay you did not feel our leadership is not in touch with the rest of the organization. We are passionately committed to listening to colleagues via our Employee Engagement survey which allows colleagues throughout the organization to work on departmental specific improvements. We’ve taken your comments (and others) to heart regarding work/life balance and continue to make culture a top priority at DailyPay and build our organization to ensure we have the right resources in our teams. We’re thrilled to have been named a Newsweek’s 100 Best Places to Work most recently, as well as occupying an ongoing place on the Great Place to Work list. We do appreciate your support of our mission and business focus. You mentioned that people need to be “cash poor” to use DailyPay, however our focus is offer many other features including budgeting and saving that work for everyone. And people who use DailyPay are likely to get a 30% raise within the first 6 months. Exciting! Hopefully you were exposed to our full suite of products while you were on our team. Finally, we always want to hear directly from colleagues, so please reach out to us at peopleops@dailypay.com to share input.
1.0
Feb 4, 2020

Unethical and horrible executive team

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Fast moving space New market Lots of demand and inbound

Cons

CEO is a joke- very unethical. He is very negative and bashes people in company and partners. Product is built on legacy technology. It’s spaghetti that is pieced together. Zero Q/A is done and nobody follows any security protocols when we are moving people’s money. Scary!

Viewing 4 - 6 of 312 Reviews

Glassdoor has 331 DailyPay reviews submitted anonymously by DailyPay employees. Read employee reviews and ratings on Glassdoor to decide if DailyPay is right for you.