Pay Cards & Wage Disbursement
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What are Pay Cards?
Pay Cards are debit cards that can be distributed to employees, contractors or gig workers for the purpose of disbursing earned wages. While many individuals are paid via direct deposit into a traditional bank account, there are a significant number of “unbanked” individuals that do not have a traditional bank account and pay cards are an ideal way to be paid. Once the funds are disbursed to the pay card they can be used anywhere Visa or Mastercard is accepted, or cash can be retrieved from an ATM. Modern Pay Cards are typically accompanied by a mobile application where cardholders can manage their transaction activity, pay bills, see their balance and manage their overall finances.
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Flexibility is Key
Pay Cards are traditionally physical plastic cards but your provider should also accommodate digital wallet provisioning into Apple Pay, Google Pay, and Samsung Pay.
Earned Wage Access—or paying workers at the end of each shift, or each day—is a growing trend to help workers manage their funds.
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How b7 can help
We are partnered with a leading pay card provider in the US and can help you design, implement and grow a pay card solution within your business.
Traditional industries include: restaurants, healthcare, manufacturing, gig workers, seasonal workers, security, stadium concessions and many others.