Does paying an employee with a paycard provide an employer with any advantages?
Author: Alice Gilman
Yes. Offering paycards as a wage payment option helps employers eliminate paper paychecks and the associated costs (e.g., maintaining check stock, stop-payment fees). Using paycards also helps employers to reduce burdens associated with unclaimed or uncashed paychecks. In addition, employers can store and distribute unbranded paycards to employees in the event of a natural disaster or emergency that makes wage payment by other methods impossible or late.