Perks platform, Paychex’s digital marketplace of curated employee benefits. Through this collaboration, employees of Paychex customers have the ability to easily set up PayPal Direct Deposit, providing up to two-day early access to their paychecks.Paychex, Inc.^®

According to theFederal Deposit Insurance Corporation

“In today’s economy, workers face numerous financial pressures,” saidCory Mau

Employees who enroll in PayPal Direct Deposit will benefit from:

"PayPal is helping consumers make the most of their money, optimizing cash back and rewards while also offering a trusted, flexible and seamless experience,” said Scott Young, SVP, Consumer Financial Services, PayPal. “We’re excited to bring that same access to employers and employees of the Paychex Flex Perks program.”

With the addition of PayPal, Paychex has made 25 employee benefit offerings available through Paychex Flex Perks, which was created to meet the unique personal and financial benefit needs of today’s multi-generational workforce.

Paychex Flex

With Paychex Flex Perks, businesses of all sizes can offer enterprise-level benefits that either augment existing employee benefit packages or enable businesses to offer employee benefits for the first time. The digital marketplace is curated with employee benefits to address the needs of today’s diverse, multi-generational workforce. More than 270,000 customer employees have purchased at least one benefit from the marketplace.

Paychex plans to continue expanding the number of offerings within Paychex Flex Perks based on evolving trends and customer feedback. Employers looking to offer benefits like PayPal to their employees through Paychex Flex Perks visitgo.paychex.com/perks

About Paychex

Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today’s workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for approximately 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company’s purpose of helping businesses succeed. Visit paychex.com to learn more. Visitpaychex.com

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visithttps://www.paypal.com https://about.pypl.com/https://investor.pypl.com/.

Disclosures:

1 Early access allows access to your funds up to 2 days before the scheduled payment date. Early access depends on payer availability and when PayPal gets payment instructions from Paychex.PayPal Balance Terms and Conditions terms and exclusions applyhttps://www.paypal.com/us/digital-wallet/manage-money/paypal-debit-cardTerms apply terms and exclusions apply FDIC National Rates and Rate Caps

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By using Direct Deposit with PayPal, employees can receive their pay up to two days early.Early Pay Access:¹
, a high-yield savings account provided by Synchrony Bank, with a current 3.65% APY, that’s 9x the national average.PayPal Debit Mastercard^®PayPal SavingsAccess to the full PayPal product suite:^®²³⁴⁵⁶
Help employees manage their finances by offering them the ability to transfer any portion of their pay to PayPal, providing choice and flexibility to manage their money effectively with a trusted partner.Enhanced Financial Flexibility: