Paycards operate in a manner similar to traditional debit cards that are linked to a checking and/or savings account held by individual consumers at any given financial institution. The primary difference between these two types of cards is that an employer establishes a banking relationship with a specific financial institution as opposed to the employees doing so on their own. Once the employer creates a paycard account for the purpose of paying wages to their workers, the employer issues paycards to these employees and begins to electronically deposit, or load, wages into the paycard account every pay period. Visa has created An Employee's Guide to Payroll Cards.
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