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Paying Employees with Paycards? The Pros and Cons

Paycor

Paycards offer a distinct advantage to employees who are underbanked – those who have a bank account but rely largely on unconventional finance options such as check cashing services – or unbanked – those who don’t have a banking relationship at all. Pros of Paycards for Employees and Employers. Paycard Challenges.

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Understanding How On-Demand Pay Providers Work With Paycards

DailyPay

One of the biggest misconceptions is that on-demand pay solutions always require employees to be paid with paycards. Paycards could be a convenient alternative to direct deposit for both banked and unbanked employees. employees have bank accounts and want options to access their earned wages anytime, anywhere without needing a paycard.

Payroll 52
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Give your team easy access to paychecks

FingerCheck

Pay On-Demand offers a near real-time option Did you know you can deliver paychecks to your employees through a reloadable debit PayCard that is convenient and easy to use? With Fingercheck PayCards, your employee can get the money instantly, within 10 minutes of you approving the request – 7 days a week 24 hours a day.

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Texas Lawmakers Pass Sweeping 'Paycard' Law

Namely

With a law set to take effect on September 1, 2019, Texas is set to join the growing list of states that allow employers to pay their workers via “paycards” by default. When it comes to payday, employees aren’t typically used to being asked “paper or plastic?”

Payroll 55
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3 Things You Should Consider When Selecting a Paycard Provider

Prism HR

To retain the benefits of electronic payroll while addressing the significant number of unbanked employees, many HR service providers are deciding to offer paycards as another payroll vehicle. There are 3 aspects to a paycard offering that an HR service provider should pay close attention to: Can you reverse deposit?

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3 Things You Should Consider When Selecting a Paycard Provider

Prism HR

To retain the benefits of electronic payroll while addressing the significant number of unbanked employees, many HR service providers are deciding to offer paycards as another payroll vehicle. There are 3 aspects to a paycard offering that an HR service provider should pay close attention to: Can you reverse deposit?

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Debunking the Myths About Paycards

FingerCheck

FingerCheck360 payroll offers employers many options for paying employees, including direct deposit, check, and paycards. While we’ve already written an article titled “ Paycards 101 ,” concerns persist about the drawbacks of paycards. What are paycards? What are the drawback of paycards?

Payroll 40