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Rain

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5.7

Overall Score

Author: Jenna Vasquez

LAST UPDATED: November 21st, 2021

Rain Instant Pay is an employee financial wellness benefit. In fact, the company’s mission is to put an end to payday loans and other predatory lending services by allowing employees to choose when they receive their paycheck.

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The Good

  • Guaranteed Benefits for Employers
  • Access Wages Any Time

Guaranteed Benefits for Employers

Rain Instant Pay is a free service for employers who offer Rain to their employees. 

However, employees aren’t the only ones benefiting from Rain’s services. The company claims that employers will see a 200 percent increase in job applications, a 40 percent lower turnover among employees, and 86 percent of employees improving their job performance. 

Access Wages Any Time

Rain Instant Payeasily integrates with most payroll systems and employees can easily view and manage their wages on Rain’s smartphone app. 

QED’s (Rain’s founding investor) co-founder Nigel Morris has this to say about the software, “Rain gives the power to the worker, allowing them to take back control over their financial lives and receive the money they’ve earned without having to wait until payday. At QED, we call this income streaming, and we’re the most active investor in the trend globally because we have seen how it empowers employees and helps employers improve retention, productivity, and recruiting. We couldn’t be more excited for Rain to bring this social-impact model to millions of Americans.”

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The Bad

  • Withdrawal Fee

Withdrawal Fee

Although Rain Instant Pay is virtually free, employees will have to pay a fee. The company states that the fee is much like an ATM fee and appears whenever an employee withdraws his/her wages through the app. We should note the company has free options, including the following:

  • $0 fee to transfer funds to a bank account
  • $0 fee to transfer funds to a Netspend Skylight ONE card
  • Small fee to transfer funds to another pay card or debit card
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The Bottom Line

According to Rain’s website, over $170 billion was spent by Americans while they waited on their next paycheck. This number includes payday loan fees, credit card fees, overdraft fees, and low-balance fees. To help put an end to predatory products and payday loans, Rain Instant Pay is free to all employers.

The software smoothly integrates with most payroll systems, and employees can simply download the mobile app to their phone. The app allows employees to withdraw their paycheck whenever and wherever they are.

For more information, see the Rain Instant Pay reviews below. 

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Star Rating

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3.9

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20 Reviews

Review Breakdown

5 grade

60%

4 grade

15%

3 grade

0%

2 grade

5%

1 grade

20%

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Verified Customer

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Review Source

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Edna

Pretty good but sometimes I have a lot of difficulties. I think it is absurd that they tried to chard four or five dollars every time we withdraw money.

6 years ago

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Reply from Rain

Thank you for your feedback! We're sorry to hear about your difficulties - please contact our team at care@rain.us so we can help you out.

Sep. 8th, 2020

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Richard

Everything works pretty well. I am grateful as this helps out a lot. It is very easy to use as it is self contained.

6 years ago

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Reply from Rain

Thank you for your review!

Sep. 8th, 2020

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Marquilla Brannon Harriman, TN

it has helped me get through til I get my check several times

6 years ago

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Reply from Rain

Thank you for your review, Marquilla! Please let us know how we can get your rating up to 5 stars at care@rain.us.

Aug. 24th, 2020