Wagetap: Instant Cash Advance

Wagetap is an instant cash advance app that allows users to access their pay instantly. It also offers a bill splitting feature, allowing users to split their monthly bills into smaller payments and pay over time. To create an account, users need to sign up and connect their bank account. When making a withdrawal, users need to verify their identity with a valid driver's license, passport, or Medicare card. The app charges a 5% transaction fee and a maximum annual percentage rate of 24% interest. Repayment options are flexible, and full repayment is required within 62 days. For questions or assistance, users can contact Wagetap through the app or via email at hello@wagetap.com.

The software, Wagetap, offers the following advantages:

- Instant Cash Advance: Users can access their pay instantly, helping them with unexpected expenses before payday.

- Bill Splitting: Wagetap allows users to split their monthly bills into smaller repayments, making it easier to manage and pay them over time.

- Quick and Easy Withdrawals: Once the user's identity is verified, they can make instant cash withdrawals whenever needed.

- Compatibility with Major Banks: Users with major banks like CBA, ANZ, and Westpac will receive cash instantly, while smaller banks may take up to 1-2 business days.

- Competitive Costs: Wagetap charges a 5% transaction fee and offers an annual percentage rate at 24% interest, making it a cost-effective option for short-term loans.

- Flexible Repayment Options: Users can choose repayment options that align with their pay cycle, with a minimum repayment period of 2 days and a maximum repayment period of 62 days.