Selectable payroll amounts for instant payroll deposits

A system comprising:

• one or more processors;
• and
• one or more computer-readable media storing instructions executable by the one or more processors, wherein the instructions program the one or more processors to implement a payment processing service to:
• receive, by one or more servers of the payment processing service, transaction information associated with a plurality of transactions between a plurality of customers and a merchant;
• based at least in part on the transaction information, process, by the one or more servers, payments corresponding to the plurality of transactions on behalf of the merchant;
• receive, by the one or more servers and from a merchant device, a request for funds from the payment processing service, wherein the funds correspond to a compensation amount to be received by an employee of the merchant;
• based at least in part on receiving the request for the funds, determine, by the one or more servers that the merchant is eligible for a financial offer of a cash advance associated with a cash advance amount using (i) a data model, (ii) merchant information available to the payment processing service, and (iii) the transaction information, to offer a cash advance to the merchant;
• transmit, by the one or more servers and to the merchant device, the financial offer associated with the cash advance from the payment processing service, wherein the cash advance amount is based at least in part on one or more of (i) the compensation amount, (ii) the merchant information, and (iii) the transaction information;
• receive, by the one or more servers, from the merchant device, an acceptance of the financial offer;
• and
• initiate, at a time prior to the merchant sending a batch fund transfer associated with the compensation amount to the payment processing service and in response to the acceptance of the financial offer, transfer, by the one or more servers and in near real-time, from a financial account associated with the payment processing service and to a financial account of the merchant, of at least a part of the cash advance amount, to allow the merchant to apply at least a portion of the cash advance amount towards the compensation amount.

One or more non-transitory computer-readable media maintaining instructions that, when executed by one or more processors of a device associated with a payment processing service that is configured to communicate with a plurality of point-of-sale (POS) devices, program the one or more processors to perform operations comprising:

• receiving, from at least a portion of the plurality of POS devices, transaction information associated with a plurality of transactions between a plurality of customers and a merchant;
• based at least in part on the transaction information, processing, by the payment processing service, payments corresponding to the plurality of transactions on behalf of the merchant;
• receiving, from a merchant device associated with the merchant, a request for funds from the payment processing service, wherein the funds correspond to a compensation amount due to an employee of the merchant;
• based at least in part on receiving the request for the funds, determining that the merchant is eligible for a financial offer of a cash advance associated with a cash advance amount using (i) a data model, (ii) merchant information available to the payment processing service, and (iii) the transaction information;
• transmitting, to the merchant device, the financial offer for the cash advance from the payment processing service, wherein the cash advance amount is based at least in part on one or more of (i) the compensation amount, (ii) the merchant information, and (iii) the transaction information;
• receiving, from the merchant device, an acceptance by the merchant of the financial offer;
• and
• initiating, at a time prior to the merchant sending a batch fund transfer associated with the compensation amount to the payment processing service and in response to the acceptance of the financial offer, transfer, from a financial account associated with the payment processing service in near real-time, of at least a part of the cash advance amount, to allow the merchant to apply at least a portion of the cash advance amount towards the compensation amount.