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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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William Knoxville, TN

I switched employers and now I get paid a day earlier. I love the fact that I don't have to go to the bank to cash a paycheck or deposit it. It's there every other Thursday. I have never had a problem with my paycheck coming in direct deposit. It's as easy as can be.

6 years ago

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Reply from Rain

Thanks for your review, William! Don't forget: with Rain, you can get paid any day - you don't even have to wait for Thursday!

Aug. 19th, 2020

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Latoya

What I liked about it is that I was able to request money and I was able to get it the same day like I get it, within a couple of hours, so I like I get the money instant.

6 years ago

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Reply from Rain

Thank you for your review! We're so glad you've enjoyed the app.

Sep. 8th, 2020

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Jessica

It is very convenient and easy to use. I think it is good idea to have in place instead of people getting loans until they get paid.

6 years ago

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Reply from Rain

We agree! This is a healthier option. Thanks for your review!

Sep. 8th, 2020

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Joanna

For rainy days when you don’t have money it is convenient. It is a very complete company and a great company to work with.

6 years ago

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Reply from Rain

Happy to help, thanks for your review!

Sep. 8th, 2020

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Daiesha

I really appreciate them for coming out with things like this. They are very informative and answer all my questions.

6 years ago

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Reply from Rain

Happy to help! Thanks for taking the time to leave a review.

Sep. 8th, 2020

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star star star star star

Edmonia Charles Lafayette, LA

Great service and it comes in a great time of need and when you need cash it helps to know u can count on extra cash

6 years ago

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Reply from Rain

Thanks for your review, Edmonia! Let us know if you have any questions at care@rain.us.

Aug. 17th, 2020

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Jose

I have no complaints about it. It works great. It got me out of a jam. They did an awesome job.

6 years ago

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Reply from Rain

Glad to hear that! Thanks for taking the time to leave a review.

Sep. 8th, 2020

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Nae Quinn Gulfport, MS

great wen needing extra cash and i never expected it to be that fast and effective

6 years ago

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Reply from Rain

Glad you're liking the app!

Sep. 1st, 2020

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Sonya Taylor Convent, LA

Excellent service very helpful for extreme cases immediately loaded to your account to save the day

6 years ago

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Reply from Rain

Thank you for your review! We're so glad you've had a good experience.

Sep. 1st, 2020

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Nathaniel Davis

The best i had used. I get my money when i need it.

6 years ago

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Reply from Rain

Thanks for your review!

Sep. 1st, 2020

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Heaven Pasadena, TX

it works good and it gets money to my care right away

6 years ago

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Reply from Rain

Thanks so much, Heaven! Let us know at care@rain.us if we can help with anything.

Aug. 17th, 2020

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Melissa R Fulner Madisonville, TN

Ease of use and response from customer service

6 years ago

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Reply from Rain

Thanks for your review, Melissa! Let us know if we can help with anything at care@rain.us.

Aug. 7th, 2020