Terms of Service

The terms that govern your use of the Payday Parachute website and platform.

Last updated: 3 May 2026

These Terms of Service form a binding agreement between you and Payday Parachute (Pty) Ltd. By accessing our website or using our Services you agree to these Terms. If you do not agree, please do not use the Services.

About us

Payday Parachute (Pty) Ltd is a South African company that provides employer-sponsored loans, earned wage access, and related services. We are a registered credit provider with the National Credit Regulator (NCRCP23524) and conduct credit-granting activities in compliance with the National Credit Act, 34 of 2005.

Use of the platform

The platform is available to South African residents who are 18 years or older and have the legal capacity to enter into binding agreements. You must provide accurate, complete, and current information at all times.

Questions about these terms? Contact hello@paydayparachute.co.za. See also our Privacy Policy.