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
Wagepay
Consumer-direct app with the highest advance limit in Australia at $3,000.
- Model
- Consumer-direct
- Max advance
- Up to $3,000
- Interest
- 24% p.a.
- App (iOS)
- 4.5 / 5
Best for
Best for employees needing the highest advance limit ($3,000)
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
- Highest advance limit in Australia ($3,000)
- Loyalty tiers reduce fees for frequent users
- Instant transfer in about 60 seconds
- No employer required
Cons
- 5% fee plus 24% p.a. interest
- Higher limits mean larger total fees
- Consumer credit, not an employer benefit
About Wagepay
Wagepay is an Australian consumer-direct pay advance app with the highest advance limit in the market at $3,000. It charges a 5% fee plus 24% p.a. interest on the outstanding balance (for example a $500 advance for 7 days costs about $27.30 in total fees), repaid automatically from the next pay over a standard 62-day maximum. A tiered loyalty system (Basic, Premium, Deluxe) reduces fees for frequent users, and transfers can land in about 60 seconds. No employer is required and it operates under an ASIC Credit Licence.
Wagepay was founded in 2020 and is headquartered in Australia.
How Wagepay compares
Side-by-side with the closest alternatives by estimated cost.
Based on a $500 advance repaid in 7 days.
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
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 Wagepay
The same questions Australian merchants ask before signing up.
Wagepay 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.
Wagepay does not require a lock-in contract for Australian merchants. You can switch providers at any time without an exit fee.
Wagepay settlement times are not publicly listed.
Wagepay AMEX pricing in Australia is not publicly listed. Ask their sales team whether AMEX acceptance and rates are included.
Wagepay 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.
Wagepay is best suited to best for employees needing the highest advance limit ($3,000). 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 Wagepay 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 Wagepay
Compare Wagepay against every other Australian provider on price, contract terms, and features.