Benivo offers a PayLater feature that provides interest-free salary advances to employees before payday. It allows employers to improve employee benefits without increasing allowance budgets. PayLater is included in Destinations product licenses and offers cash payouts via bank transfer, PayPal, prepaid cards, or third parties within 2 days. Employers benefit from improved duty of care without the costs of setting up similar infrastructure themselves. The standard configuration limits PayLater access to $3,800 for rent and deposits, with options to increase limits and eligible expenses. Benivo handles all repayment authorizations and collections while giving employers controls over fund access and repayment terms.

1. Spotlight on PayLater
Wednesday Webinars
July 3rd 2019

2. About Benivo
$15M Institutional VC Funding | FEM EMMAs Award Winner

3. The Top 9 Things to Know PayLater
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4. PayLater is a feature included in a
Destinations product license for
employees.
1

5. It offers an benefit-equivalent to an
interest-free salary advance for employees.
2

6. It serves the need of delivering
cash-in-hand to an employee before they
are on payroll.
3

7. It can be used as standalone financial
support, or as an allowance complement.
4

8. Money goes out from Benivo and back
into Benivo. Payroll is not involved.
5

9. Therefore, clients do not need to incur
associated HR, Payroll and Legal costs of
setting up similar infrastructure in-house.
6

10. Benivo’s PayLater system is compliant with:
GDPR, Financial authorities regulation,
infosec/cyber security, ISO 27001.
7

11. 8 Benivo’s PayLater system can support power
of attorney employee authorisation if
required.

12. 9 Benivo’s PayLater system offers bank-level
encryption for capture, processing and
storage of repayment card & bank details.

13. Payout Methods, Speed, Currencies

14. Payout Methods
-Bank Account
-Online Bank Account
-PayPal
-Prepaid virtual cards
-Delivery to 3rd parties

15. Payout Methods Speed
Delivery options to
employees in 0 to
2 working days
across most
markets.
-Bank Account
-Online Bank Account
-PayPal
-Prepaid virtual cards
-Delivery to 3rd parties

16. Payout Methods Speed Currencies
Any country.
Multiple currencies.
-Bank Account
-Online Bank Account
-PayPal
-Prepaid virtual cards
-Delivery to 3rd parties
Delivery options to
employees in 0 to
2 working days
across most
markets.

17. How Employees Benefit

18. How Clients Benefit
Improved Duty of Care without higher allowance budgets.

19. How Clients Benefit
Improved Duty of Care without higher allowance budgets.
Critical to deliver on Social Mobility objectives.

20. How Clients Benefit
Critical to deliver on Social Mobility objectives.
No internal process changes to launch.
Improved Duty of Care without higher allowance budgets.

21. How Clients Benefit
Improved Duty of Care without higher allowances.
Critical to deliver on Social Mobility objectives.
No internal process changes to launch.
Game-changer for employees who do not have expenses covered.

22. Fine Print
❖ Destinations PayLater access is $3,800.
The add-on PayLater Plus can be used to increase the access limit.
Standard Configuration
❖ Destinations PayLater use is for upfront rent & deposit.
The add-on PayLater Extend can be used for more categories.

23. Fine Print
❖ Clients underwrite repayment risk to Benivo.
Clients can choose to purchase waivers to not underwrite.
Standard Configuration
❖ Clients do not need to prefund PayLater. Benivo funds cash
requirements from working capital and/or debt facilities as needed.
Clients may reduce delivery price by prefunding some or all capital.

24. Fine Print
❖ Benivo maintains running authorisations for automatic repayments
by employees.
Standard Configuration
❖ Benivo manages all first instances of late repayment by employees
in a standard process which is usually resolved directly.

25. Fine Print
❖ Clients can control timing for access to funds and adjust repayment
expectations for their employees.
Standard Configuration
❖ Clients can adjust these controls during live service.

26. Talk to our team to learn more today
Schedule a Demo Here