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
Wagetap
Consumer-direct pay advance app offering up to $2,000 with a bill-splitting feature and no employer sign-up.
- Model
- Consumer-direct
- Max advance
- Up to $2,000
- Interest
- 24% p.a.
- App (iOS)
- 4.5 / 5
Best for
Best for employees wanting quick pay advances with bill splitting
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
- Fast approval (about 3 minutes)
- Bill Split feature covers bills up to $600
- No employer sign-up required
- Transparent published fees
Cons
- 5% fee plus 24% p.a. interest adds up
- Processing fee on every transfer
- Requires regular payroll income
About Wagetap
Wagetap is an Australian consumer-direct pay advance app that lets employees access up to $2,000 of their pay early without involving their employer. It charges a 5% fee plus 24% p.a. interest on the outstanding balance and a small processing fee (40c to 90c) per transfer, with approval in about three minutes. Wagetap also offers a Bill Split feature that can cover bills up to $600. It is licensed under an ASIC Credit Licence and requires regular employer payroll income to qualify.
Wagetap was founded in 2021 and is headquartered in Sydney, Australia.
How Wagetap 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
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
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 Wagetap
The same questions Australian merchants ask before signing up.
Wagetap 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.
Wagetap does not require a lock-in contract for Australian merchants. You can switch providers at any time without an exit fee.
Wagetap settlement times are not publicly listed.
Wagetap AMEX pricing in Australia is not publicly listed. Ask their sales team whether AMEX acceptance and rates are included.
Wagetap 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.
Wagetap is best suited to best for employees wanting quick pay advances with bill splitting. 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 Wagetap 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 Wagetap
Compare Wagetap against every other Australian provider on price, contract terms, and features.