What Is a Paycard/Payroll Card & How Do They Work? | Paychex

Paychex WORX Blog Select a Topic View All Human Resources Compliance Payroll/Taxes Employee Benefits Business Insurance Paychex Research Start-Up Year-End Let's Get Started Payroll Article 6 min. Read Last Updated: 05/07/2024 Table of Contents A paycard is a paperless method for paying your employees. Generally speaking, it resembles a plastic card, not unlike a credit or debit card (though its purpose is different). Also known as payroll cards, these can be ideal payroll solutions for businesses wishing to offer one or more additional ways of paying your workers, particularly those who don't have a bank account for direct deposit.How Do Employee Paycards Work?Employers usually create and implement a payroll card program with a third-party provider. Then, they enroll employees choosing this option, and the provider issues payroll cards. This form of electronic payment is linked to a bank that permits the transfer of funds, but this link is between the paycard vendor and a bank, not bet...