Startup FinTech Revolution launches a new feature called Payday. It is an alternative to credit card debt and short term credit because it allows you to unlock a portion of your paycheck earlier. If a company decides to integrate with Revolut, then users can directly access the functionality from the financial super app.

Right now, the feature is limited to UK-based businesses, but the company plans to launch it in the European Economic Area and the US as well. That’s the trick – Payday will not be available to everyone who receives their salary in their Revolut account by direct deposit.

Revolut must first log into an employer’s payroll system so the company knows how much employees are earning at all times. The fintech startup says employers don’t have to change their payroll system, however.

Once done, employees can unlock a portion of their earned salary whenever they want. Users can withdraw up to 50% of what they have earned up front. While the feature is free for businesses, Revolut will charge a small flat rate for users.

“We believe in the importance of making financial wellness accessible to everyone, and that includes focusing on the impact of financial stability on the mental health of employees,” said Revolut co-founder and CEO Nik Storonsky, in a statement. “After the hardships of last year, the last thing employees need now is financial uncertainty and stress. It’s important to move away from a situation where many rely on expensive short-term payday loans and credit, a dependency that is exacerbated by the monthly payroll cycle. ”

People who live on paycheck could take advantage of Payday for unforeseen expenses. For example, if you need to fix your car and it can’t wait until the end of the month, you can unlock the money right away.

It’s not debt and it doesn’t affect your credit score – it’s a part of your paycheck, which means you’ll receive less money at the end of the month when you get paid.

Even if you don’t use the payday advance feature, Payday lets you see how much you’ve earned so far this month. It will be interesting to see if many companies adopt this feature. With millions of users in the UK, there’s a good chance businesses will find out about Payday from their own employees.