Pay to Card

What does pay-to-card mean?

Pay-to-card is when employers pay employees directly via a direct deposit onto debit or credit cards. This method is faster and simpler than most traditional payment tactics. Pay-to-card uses the card rails network, so after payments are set up and validated, employers can deposit money into an employee’s account anywhere in the world in seconds.

How to set up pay-to-card

Setting up pay-to-card is a simple process. Employers need to ensure employees verify their account information with their card issuer. Once they do so, a unique token is passed from the issuer to the app that secures the cardholder’s details. This validation process is instant so payments can be processed immediately after set up.

How does pay-to-card benefit businesses?

With pay-to-card, payroll teams can spend less time setting up the payment method and running payroll cycles. Teams can use this extra time for operations that limit errors, which protects the company from payroll fraud, fines, or penalties.
With a simple and instant payment method, payroll processes are smoother, improving employee experience. Another benefit is improved finances. As payroll teams no longer have to process payments 2-3 days ahead, capital remains in the employer’s accounts longer, which helps with cash flow.
Other benefits include:

• Instant access: Employees can access their funds immediately from anywhere in the world.
• Fewer payroll errors: Pay-to-card often reduces human errors.
  Convenience: Pay-to-card allows employers to pay employees who don’t have bank accounts.
• Added security: Pay-to-card reduces fraud compared to other payment methods such as paper checks.
  Cost savings: Pay-to-card doesn’t require employers to spend money printing and issuing paper checks.