It's payday, and your employees are excited to get their hard-earned money, but writing paper checks and managing complex payment systems takes too much time.

There’s an easier way: paycards for employers.

With paycards, employers can pay their employees quickly and safely—without the hassle. Learn how the use of paycards can simplify payroll, save time and money, and give employees more ways to access their pay.

Why Paycards Make Sense for Your Business

Paycards are a cost-effective way to manage payroll. They reduce paperwork and save time. In addition to regular employee wages, paycards work for all types of payments, such as bonuses, tips, and expense reimbursements. 

Offering paycards helps businesses run more smoothly in a number of ways:

Cost Benefits

• Lower processing costs and waste. Paycards cut the expenses of printing, distributing, and handling paper checks. They also reduce paper waste, which helps the environment.
• Save on costly accounting errors. A payroll card’s automation tools can save time on bookkeeping and reduce the likelihood of costly accounting errors.
• No lost or stolen checks. Paycards provide a secure, reliable way to pay employees and minimize the potential for check-related mistakes, delays, and fraud.

Time-Saving Advantages

• Easy setup and use. Many modern paycard solutions are simple to set up and don’t require complicated systems or training.
• Quickly send one-off payments. Paycards offer employers an opportunity to make one-off payments or easily remedy a payment error, rather than needing to issue and mail out a paper check.
• Built-in tracking and reports. Paycards make it easier for employers to monitor payroll activities, create reports, and keep accurate records to comply with federal and state laws. 

Making the Switch: Simple Steps to Get Started 

With the right preparation and tools, you can easily set up a paycard system and begin to pay your way. Here’s how to start:

1. Choose a Provider

Identify your business needs and compare different paycard vendors. Look for a paycard program with helpful features such as:

• Wide usability. Payroll debit cards that are part of the Visa or Mastercard network are accepted at most places, allowing your employees to spend their money in-person or online.
• Low or no card fees. It shouldn’t cost your company anything to use a paycard, and in order to drive adoption you’ll want one that comes with plenty of fee-free options for your employees.
• Accessibility for unbanked and minor employees. Make sure the paycard provider offers easy-to-use payroll tools and works well for everyone, including minors 14+ and unbanked employees that do not have bank accounts at financial institutions.

2. Set Up Your System

After you pick a provider, start configuring payment options, including a paycard option. Some providers allow you to hand out paycards on day 1 to new hires or existing employees so they can access their pay as soon as the paycard system is in place. Many platforms integrate easily with existing payroll systems, making the switch quick and smooth. 

3. Onboard Employees

Provide resources like FAQ documents, or work with your provider to distribute co-marketing materials that can help employees understand how paycards work and how to make the most of the new offering. 

The right provider will also come with materials and support on how to easily activate their card, make purchases, and take advantage of features such as budgeting tools, cashback rewards, and free ATM withdrawals.

👉 Ready to streamline your payroll and boost efficiency? See it in action by getting started with Branch today.

Features That Help Your Business Grow

The right paycard for your business should come with helpful features that streamline payroll operations and support business growth. 

Flexible Payment Scheduling 

Choose the payments cadence that’s best for your business. Whether it’s weekly, bi-weekly, monthly, or per shift, the right paycard system can adapt to your preferred cadence and schedule, minimizing the chances of errors or delays in payment. 

Cross-Platform Compatibility

Modern paycards should be able to integrate with your existing payroll, accounting, and HR systems. They work with desktop software, cloud-based tools, and mobile apps to make payroll management easier. 

Mobile App Access + Financial Wellness Tools

Many paycard providers, including Branch, offer a mobile app. This allows employees to check their account balance, transfer funds, and make transactions from their smartphones any time. Some paycards, like Branch, also provide financial wellness tools such as personalized spending insights, a savings goal feature, and even cashback rewards to help your workers on their way to financial well-being. 

Real-Time Tracking and Reporting

Paycards let business owners track payments, view transactions, and generate reports instantly. These features simplify taxes and potential audits because all your data is easily accessible in a single place with a clear audit trail.

Expert Support

Most paycard providers have dedicated customer support teams available to help with setup, troubleshooting, and ongoing management. 

Maximize Efficiency with Paycards for Employers

Ready to streamline your workforce payments with paycards? Simply choose a provider, set up your system, and onboard your employees. 

With the award-winning Branch Card, you can skip excessive fees, onboarding delays, and the hassles of old-school paycards and switch to a solution that not only integrates easily into your current systems, but empowers workers with financial wellness tools like cashback rewards, personalized spending insights, a savings goal feature, and more.

With Branch, you can say goodbye to administrative hassles and costly paper checks, and enjoy the convenience of fast, digital workforce payments, real-time tracking and reporting, and dedicated, ongoing support to ensure your paycard program is a win-win for you and your team.

Now’s the perfect time to switch—get started with Branch today!

‍