Those visiting our blog frequently, will noticed three to four articles are channeled around loan apps like in Australia, it is a deliberate attempt to have borrowers learned about possible alternatives. A wise saying, you shouldn’t have all your eggs in one basket, have them spread out using different baskets in case of emergencies. This saying help we all at Winfince realizes that, if a borrower is aware of similar loan apps as such he is using currently, it would be much easier to have a switch during unreachable periods, loan rejection, as well as other issues from the loan app. Asides that, some loan apps are better off others in term of features, duration and interest rates. Here we’ll talk about presspay in details before listing out one of it’s best alternative.
What is presspay?
Two keywords here “Press” and “Pay” the first word press means pick up your device either phone or computer and click, logging into your account then access your pay early it is as sample as that. Press pay doesn’t require any app download for it’s usage, all borrowers will need to go through a browser as such Chrome or Opera. Press pay is new having fixed interest fees as other similar loan agencies and one of those things that make press pay stand out over others, is it’s pay advance shop cards option allowing customers purchase items from over 150 retail stores without spending a dime on fees. Also, press pay make it easier for those having one question or the other to ask, through an A.I assistant by the name Chat Ella it will help give answers to all your question in seconds.
How does presspay work?
Very simple, presspay work’s based on what you earns monthly or weekly, allowing employees withdraw some percentage from their wages hoping to make returns alongside a 5% fee during their next payday. Presspay use an algorithm capable of summing together income and available funds in your account before withdrawals can be placed. When a user request for funds, it is then transferred in to his Australia bank account.
What is the minimum assessment criteria for presspay?
Research have it that, 70% – 80% lenders and brokers in the world share same similarities in criteria for borrowers which are as follows:
For presspay to approve an advance pay loans, such person would have being earning at least $350 as income after paying is tax weekly. A valid identity card is required as well and must be an Australia citizen. You should also note that, presspay do not lend out to centrelink customers since what they earn from benefits not up to the amount specified above.
How much can you get from presspay?
Maximum funds limit you can withdraw or request from presspay dashboard is $1000. However, this amount can increase depending on the borrower commitment towards repayment and nature of his workplace payout system like how much he receives as salary.
Let discuss about close presspay account without user request
Receiving close presspay account status message without a request is a trend within it’s users, which could repeat itself often than expected and becomes a problem if not aware the causes. Here we’ll talk about what might be the cause and how to reactive:
Presspay A.I can close or delete users account whenever it detects bank connection lost, assessment criteria not up to date and users misconduct as such abuse etcetera.
How to reactivate presspay?
If a user is inactive for a while and receives closed account status, presspay as deactivate such account, meaning the person will not be able to request for loan. So to reactive, just keep on sending in funds into the presspay account and it will be activated automatically since the entire system is monitored by automated software. Also, you should know that contacting press pay customer support for manual account reactivation is impossible.
Is presspay safe and legit?
Presspay is legit and safe to use even though it’s new in the pay advance market, presspay technologies is none to be compared with many others considering the sophisticated and advanced stuff they come with, all for the benefit of their clients and accuracy of their system.
Presspay delay repayment
You cannot possibly delay repayment on your end by yourself cause clients don’t have power to do that since repayment is carried out automatically by presspay immediately when salary is paid, unless if the organization you worked for make late payments which is not a problem at all, presspay will not charge any additional fees for such late repay.
Presspay hours and customer service
Presspay processing time is 24/7 hours including weekends Saturday and Sunday even midnight presspay would still take borrower orders cause A.I is responsible for responding to clients before staff will attend to you. Also, clients can get in touch with presspay through Contact page on their website or send email to [email protected] but no direct phone number. However, user in australia can check their balance through sms with text number 0482 082 000 just send the word “Balance” to the number.
Presspay alternative
The world is revolving and a lot of goodies keeps coming our way, anyone who is not updated will certainly be left behind. If presspay seems not to work well according to your standards, you shouldn’t put on with that instead consider their close alternative and explore, if that still do not suit your means check for other apps like presspay till you get the ones you most comfortable with.
Apps like presspay in australia
Mypayfast is similar to presspay cause the both are not apps, but accessible through any form of browsers. Mypayfast is a bit lower than presspay, one of it’s criteria needed for loan approval is regular income of at least $450 per week and customer can only access 25% of their wages or salary for a maximum limit of $750 at any moment, disburse directly into their bank account.
Final thoughts
Both presspay and it’s alternatives are unique in it’s own ways in fact they’re good for everyone looking forward to cash out before the usual pay circle either salary or wages. However, your current state or status will determine which to go with, always prioritize reading through presspay or it’s alternative terms and conditions for better understanding.
Presspay FAQ
Does presspay do credit checks?
Just as many other pay advance services in australia, presspay do not run a credit checks on clients before offering them their pay, however do have these in mind that being employed is paramount for approval.
Does presspay have an app?
Presspay do not necessarily have an app like others it’s strictly accessible through a website, everything including loan application, customer service help and all is on the web not an app.
Can i change presspay bank account?
Ohhh yes, user can update their previous account bank details with the current, but this is not accessible through the dashboard unless you contact presspay service to help with this changes.
How long does presspay take?
Presspay is super fast in it’s usage and loan disbursement within 10 – 20 minutes clients can apply for pay advance and get feedback from presspay company on the approval status.
Why is my presspay account on hold?
Presspay account could be suspended due to many reasons as such you not able to meet the basic requirements or loan contract not push through due to limited information about you, we’ll suggest you should contact presspay service care to find out what is wrong with you account and possibly resolve the issue.
