Cycle Secondary Approval Settings

When Cycle is implemented in the DailyPay Portal, your team has three settings to choose from regarding secondary approval. If a Cycle payment requires secondary approval, the payment will not be processed and sent to the intended employee until a second admin (separate from the original payment issuer) approves the payment in the Pending Approval queue. 

One of the following settings must be selected at the time that Cycle is implemented:

1. Cycle payments do not require approval from another admin.

• All payments will be processed immediately and cannot be changed or retracted.
• There is a limit of $2,000.00 per payment. Payments above $2,000.00 will not be processed. 

2. Approval is required for all Cycle payments.

• All payments require approval from another admin before sending to the employee.
• Once sent, the payment cannot be changed or retracted.
• There is a limit of $10,000.00 per payment. Payments above $10,000.00 will not be processed. 

3. Approval is required for Cycle payments above $2,000. 

• All payments greater than $2,000.00 require approval from another admin before they are processed by DailyPay and sent to the employee.
• All payments equal to or less than $2,000.00 do not require approval and will be processed and sent immediately.
• Once sent, the payment cannot be changed or retracted.
• There is a limit of $10,000.00 per payment. Payments above $10,000.00 will not be processed. 

To change your team’s Cycle Secondary Approval setting, reach out to your DailyPay contact. If changed, the new setting will be effective immediately. 

To learn about how to approve a pending cycle payment, refer to the PDF document in the Overview of Cycle article.