FAQs: TemPay Service Basics
What does money-only or factoring mean?
Factoring or money-only service means TemPay wires money into your company’s account for eligible accounts receivable to cover expenses. Your company processes its own paychecks, prints invoices and pays and files payroll taxes.
What does payroll funding or full service mean?
Payroll funding or full service means TemPay not only provides funding but cuts your paychecks, prints your invoices and pays and files your payroll taxes.