Parts of the following are taken from an article on paperlesspay.org.
Payroll cards typically offer ATM withdrawals and Point-of-Sale purchases (where a merchant has a PIN pad at the checkout counter). You simply swipe your card and enter your PIN number to complete your transaction. Some cards also offer the ability to get cash back along with your purchase – a common option that you’ve seen at most grocery stores.
Payroll cards typically offer ATM withdrawals and Point-of-Sale purchases (where a merchant has a PIN pad at the checkout counter). You simply swipe your card and enter your PIN number to complete your transaction. Some cards also offer the ability to get cash back along with your purchase – a common option that you’ve seen at most grocery stores.
Cards that are “branded” – and look
like a Visa Card or MasterCard – allow you to sign for purchases anywhere the
brand is accepted. With this version of the payroll card, the dollar amount of
the purchase is authorized and the transaction is completed when you sign the
receipt. You may also use a payroll card to make catalogue and online
purchases. Once you receive your payroll card, you
keep it for as long as you work for your employer.
