A Payday Advance is also known as a payday loan. When you do not have enough money to make it until your next paycheck, you can apply for a payday advance online and get the money within 24 hours of approval. These advances are secured against your next paycheck, which means the repayment period is usually within 2 weeks. The lenders earn their money by charging steep fees upon repayment of the loan. A payday advance does not need a lot of documentation, so this is a preferred method of getting cash easily for a lot of people. As long as you meet their requirements, you can qualify for a payday advance.