MyPayNow
$27 est.
- Model
- Consumer-direct
- Employee fee
- 5% of advance
- Interest
- 24% p.a.
- Max advance
- Up to $2,000 (25% of wages)
- Repayment term
- Up to 62 days
- Cost of advance
- $27
MyPayNow
Consumer-direct pay advance app for weekly and fortnightly earners, up to $2,000.
- Model
- Consumer-direct
- Max advance
- Up to $2,000 (25% of wages)
- Interest
- 24% p.a.
- App (iOS)
- 4.5 / 5
Best for
Best for employees on weekly or fortnightly pay
Pricing breakdown
Every fee we track, grouped by where it applies.
In-person payments
EFTPOS terminal and tap-to-pay transactions.
- Setup fee
- Free
Online payments
Online checkout and keyed-in card transactions.
- Setup fee
- Free
Contract terms
- Contract length
- No contract
Last verified 21 May 2026.
Strengths and trade-offs
Pros
- No employer sign-up required
- Suited to weekly and fortnightly pay
- Transparent published fees
Cons
- 5% fee plus 24% p.a. interest
- Advance capped at 25% of wages
- Minimum income of about $450 per week
About MyPayNow
MyPayNow is an Australian consumer-direct pay advance app offering up to $2,000, capped at 25% of regular wages. It charges a 5% fee plus 24% p.a. interest on the outstanding balance, repaid automatically from the next pay within a 62-day maximum. A minimum income of about $450 per week is required and no employer integration is needed. MyPayNow operates under an ASIC Credit Licence and suits people paid weekly or fortnightly.
MyPayNow was founded in 2020 and is headquartered in Gold Coast, Australia.
How MyPayNow compares
Side-by-side with the closest alternatives by estimated cost.
Based on a $500 advance repaid in 7 days.
Wagepay
$27 est.
- Model
- Consumer-direct
- Employee fee
- 5% of advance
- Interest
- 24% p.a.
- Max advance
- Up to $3,000
- Repayment term
- Up to 62 days
- Cost of advance
- $27
Wagetap
$28 est.
- Model
- Consumer-direct
- Employee fee
- 5% of advance + 40c to 90c processing
- Interest
- 24% p.a.
- Max advance
- Up to $2,000
- Repayment term
- Up to 62 days
- Cost of advance
- $28
Beforepay
$25 est.
- Model
- Consumer-direct
- Employee fee
- 5% flat
- Interest
- None
- Max advance
- Up to $2,000
- Repayment term
- Up to 62 days (4 instalments)
- Cost of advance
- $25
Common questions about MyPayNow
The same questions Australian merchants ask before signing up.
MyPayNow does not publish a standard rate in Australia. Pricing is quoted based on your business size, industry, and card mix. Request a quote on their site, or use our free fee calculator to compare against providers that do publish rates.
MyPayNow does not require a lock-in contract for Australian merchants. You can switch providers at any time without an exit fee.
MyPayNow settlement times are not publicly listed.
MyPayNow AMEX pricing in Australia is not publicly listed. Ask their sales team whether AMEX acceptance and rates are included.
MyPayNow does not advertise least-cost routing for Australian merchants. If you take a lot of contactless debit, compare against providers that do support it on our comparison page.
MyPayNow is best suited to best for employees on weekly or fortnightly pay. To see how it stacks up for your specific volume and card mix, try our free fee calculator.
We may earn a commission when you click through to MyPayNow and sign up, where a commercial arrangement is in place. This never affects ranking, the data we publish, or the comparisons we make on this page. Read our terms for the full picture.
We may earn a commission when you click through to a provider. This never affects ranking or data shown. Read our terms.
Compare MyPayNow
Compare MyPayNow against every other Australian provider on price, contract terms, and features.