Pay Employees Using Paycards
- Paycards are an electronic way to pay employees, especially those who do not have a bank account.
- Federal paycard laws and regulations generally mirror direct deposit laws, but state paycard laws vary widely from state to state. As a result, employers must comply with both federal and state laws pertaining to paycards.
- Once an employer chooses the type of paycard(s) it would like to offer to its employees, it should follow certain steps in order to effectively implement the paycard program and properly pay its employees using paycards.