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83: The Paycard Pickle

Paycards are for the unbanked

I don’t like getting involved with employees’ financial affairs A paycard is like a pre-paid credit card or a debit card. They’re funded the same way you make a direct deposit into your employee’s bank account. The paycard provider issues the card to your employees and you send an ACH transaction to your bank. The cards are funded…

About the author, Thomas

I have 20 of years insurance industry experience in C-level management, focusing on all aspects of workers compensation, risk management, loss control, employee benefits, HR, payroll and professional employer organization (“PEO”) operations. Currently, I am the owner and CEO of Humanly HR, and founder and host of SmallBiz Brainiac; a podcast providing employer intelligence to small business owners.

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