How to Choose a Paycard | Paycard Vendors | Visa Payroll Cards

If your organization has considered rolling out a pay card, the first step is to understand the process in how to choose a pay card. As a payroll professional, it is likely that you have developed professional and personal relationships with individuals working for your current payroll service provider. Some of these companies may have their own paycard program offering that can be incorporated into the existing payroll services that you are currently using. Payroll service providers can be an excellent starting point to explore the direction that you may want to go in concerning your future paycard program.

However, you should also explore other paycard program offerings in this expanding payroll and paycard marketplace. For example, your company's funds management department may have a long-standing relationship with one or more financial institutions. Many financial institutions also offer paycard programs. If you already have sizable deposits in a bank holding your organization's payroll and other accounts, your bank's paycard program start-up and maintenance fees could be quite competitive.

In addition, there are very reputable third-party payroll card vendors in the marketplace whose core business is the development, deployment, and servicing of paycard programs for various types of organizations. These paycard vendors often partner with various financial institutions and payroll service providers with which you may already have an ongoing relationship.

When selecting a paycard vendor, remember to keep an open mind and explore all of your payroll card options. This will ensure you have options available to choose a paycard program that meets the needs of your employer and its workforce. This will also ensure your paycard offers the highest level of benefits to both your organization and it's members.

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