EMPLOYEE PAYMENT OPTIONS

Paymasters offers several services to make the task of payroll check distribution easier and more secure. Our employee payment options will reduce your check handling costs and help you avoid lost or stolen checks. In addition, your employees will appreciate the convenience and security of the following services.

Direct Deposit

Direct deposit provides your employees with fast access to cash while eliminating trips to their bank and controlling where deposits are made. Your employees’ pay is deposited directly into their bank account each pay period, providing greater convenience for your employees and increased employee productivity for you.

Payroll Debit Cards

Payroll debit cards provide your employees without a bank account the convenience of our direct deposit service. Employees using these debit cards can make purchases, ATM withdrawals, and electronic transfers where Visa cards are accepted. Your employees are supported by a 24/7/365 multi-lingual call center and eliminate expensive check cashing fees.

Net Pay Impound

Our net pay impound service provides the ultimate convenience and security to employers who issue large volumes of checks. A single debit is made from your account and your employees receive their checks, drawn on a Paymasters account, so the problem of check fraud and reconciling each of those checks is transferred to us. You no longer have to worry about cancelling lost or stolen checks or worry about sharing your bank account information with all of your employees.