Understanding Paycards: The Journey and ZayZoon Visa® Prepaid Card
At Journey Payroll & HR, we understand that employees want the flexibility to access their earned wages whenever they need them. That’s why we’re excited to partner with ZayZoon to offer the ZayZoon Visa® Prepaid Card -a revolutionary paycard that provides no-cost access to earned wages daily. Let’s dive into what a paycard is and explore the benefits.
What is a Paycard?
A paycard is a prepaid card that allows employees to receive their wages electronically. Unlike traditional payroll cards, which are owned and administered by the employer, the ZayZoon Visa® Prepaid Card is employee managed. This means employees have full control over their card and can manage their funds independently.
Benefits of the Journey Payroll & HR and ZayZoon Visa® Prepaid Card
No Administration Needed
The ZayZoon Card is designed to be hassle-free for employers. Since it is employee managed, employers don’t need to oversee or administer the card. This simplifies payroll processes and reduces administrative burdens.
Skip the Fees*
Employees can enjoy the benefits of the ZayZoon Card without worrying about monthly maintenance fees or payout fees. This means they can access their earned wages without incurring additional costs. *There is a $5/monthly charge after 12 months of consecutive inactivity.
Easy Access for Employees
One of the standout features of the ZayZoon Card is its accessibility. No credit check is required to issue the card, making it more accessible to employees compared to traditional bank cards. This ensures that more employees can benefit from the convenience of a paycard. Employees must be 18 years or older.
Flexible Usage
The ZayZoon Visa® Prepaid Card offers flexibility in how employees can use it. Employees can opt to receive their paycheck via direct deposit onto the card, use it as a direct deposit option for a second job, or reload funds themselves. This versatility makes it a valuable tool for managing finances.
FDIC Insured Funds
Safety is a priority. The ZayZoon Visa® Prepaid Card is offered in partnership with an FDIC-insured bank, meaning that employees’ funds are securely insured, providing peace of mind.
How It Works
Getting started with the ZayZoon Visa® Prepaid Card is simple:
- Direct Deposit: Employees select to receive their paycheck via direct deposit through Journey Central onto their ZayZoon Visa® Prepaid Card.
- Digital Card: A digital card is issued immediately, which can be added to Apple Pay, Google Pay, and Samsung Pay.
- Physical Card: The physical card is delivered within 5-10 business days.
- Payday Deposits: Their net pay is deposited onto the card on payday.
- Usage: Employees can use the ZayZoon Card like a debit card in stores or online wherever Visa debit cards are accepted.
- App Access: Employees can check their earned wages and card balance on the ZayZoon app.
The ZayZoon Visa® Prepaid Card is a game-changer for both employees and employers alike, offering convenience, flexibility, and security. At Journey Payroll & HR, we’re proud to provide this innovative solution to our clients, helping them streamline payroll processes and empower their workforce.