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(Scranton Times-Tribune)   How to steal part of the paychecks from your measly workers: Get a scummy debit card company to issue their 'payroll card' with lots of fees to get at the money   ( thetimes-tribune.com) divider line
    More: Asinine, Mcdonald, debit cards, franchisees, debit, paychecks, Linkin Park, Happy Meals  
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4604 clicks; posted to Business » on 15 Jun 2013 at 11:29 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-06-15 09:23:17 AM  
Make sure their card is only valid at a company store, and you can swindle even more.
 
2013-06-15 09:24:31 AM  

SilentStrider: Make sure their card is only valid at a company store, and you can swindle even more.


That could be an additional verse to Sixteen Tons!
 
2013-06-15 09:42:15 AM  
Right now the Walton kids are screaming "Why didn't YOU think of that?" while hurling Faberge eggs at each other.
 
2013-06-15 10:04:04 AM  
You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
 
2013-06-15 10:15:53 AM  
Google indicates that a lot of temp agency employers are using this  JPMorgan Chase payroll card.  Kelly, Volt, Nursefinders, etc. Government agencies and school districts, too.

This should not be the only option for employees. It's a last resort for  the unbanked day worker.
 
2013-06-15 10:19:32 AM  

BarkingUnicorn: Google indicates that a lot of temp agency employers are using this  JPMorgan Chase payroll card.  Kelly, Volt, Nursefinders, etc. Government agencies and school districts, too.

This should not be the only option for employees. It's a last resort for  the unbanked day worker.


The place where I work has it as an option for how you can get paid, but I don't think there's any fees on it besides what you might get from an ATM anyway.  And, of course, you can get your paycheck directly depsited (like I do).

Forcing employees who do have bank accounts into this shiatty card that assrapes its holders on fees is disgusting.
 
2013-06-15 10:24:52 AM  
From TFA: The definition of "lawful money" is unclear, but the state Department of Labor and Industry and state banking regulators haveendorsed payroll cards as a legal form of wage payment, according to the American Payroll Association, an industry trade association.

And there's your problem.
 
2013-06-15 10:32:27 AM  
Fark needs an evil tag.

And these franchise owners need a proper tar and feathering.

I wonder how much in kickbacks they got from the card issuers?
 
2013-06-15 10:41:45 AM  
 
2013-06-15 10:46:42 AM  
Jeezuz. Stop farking with these people and pay them a decent wage. I'd drop an extra buck per Big Mac if only to slightly diminish the probability of a bitter-wage-slave-phlegm-special-sauce scenario, and I aint 'zactly rich mine own self.
 
2013-06-15 10:50:54 AM  
Comments are gold btw. Near the end the franchisee shows up in full sock puppet regalia.
 
2013-06-15 11:01:37 AM  

TsarTom: Comments are gold btw. Near the end the franchisee shows up in full sock puppet regalia.


I couldn't tell who was the franchisee.
 
2013-06-15 11:15:52 AM  
That is sad, very very sad.   *shakes head*    It should also be illegal.   I remember when I was on unemployment, CA issued those debit cards through BoA.   I made sure to withdrawal my money only from their ATMs b/c I needed all of my money and didn't want to deal with fees.  It's not like UE pays well.
 
2013-06-15 11:35:51 AM  
Yikes - according to the article too, it looks like it may very well be legal.  Disgusting.
 
2013-06-15 11:40:04 AM  

jake_lex: BarkingUnicorn: Google indicates that a lot of temp agency employers are using this  JPMorgan Chase payroll card.  Kelly, Volt, Nursefinders, etc. Government agencies and school districts, too.

This should not be the only option for employees. It's a last resort for  the unbanked day worker.

The place where I work has it as an option for how you can get paid, but I don't think there's any fees on it besides what you might get from an ATM anyway.  And, of course, you can get your paycheck directly depsited (like I do).

Forcing employees who do have bank accounts into this shiatty card that assrapes its holders on fees is disgusting.


I've worked at a few places that offer it to employees, but I've never heard of a place where it was mandatory.

I'm curious if the employer gets a kickback, they're just lazy, cheap, evil, or a combination of the above.
 
2013-06-15 11:42:30 AM  
FREE MARKET! GUBM'INT REGULATIONS BAD. We DAERN'T pass any regulations against such behavior, as the ECONOMIC ENGINE OF CAPITALISM will *SURELY* sort this out.
 
2013-06-15 11:45:06 AM  

TsarTom: Comments are gold btw. Near the end the franchisee shows up in full sock puppet regalia.


Thing of beauty, iddinit? 'Don't like it, lump it'. He literally says that.
 
2013-06-15 11:48:32 AM  
If the state has determined it's legal, get the card, withdraw the available balance and pay one fee?

Granted, I think the tactic is complete BS.   I can see the incentive for the banks issuing these cards, what incentive is it for the business owners?
 
2013-06-15 11:50:50 AM  
Something seems fishy here to me. Did the employer give her the option of being paid with a payroll check and she refused? If so I say screw her, she is the victim of her own stupidity and this needs to be laughed out of court. I seriously doubt that the card was the only way they would pay their employees but if it was then the employees are being screwed and have a case. I foresee a followup coming in this case where some of the assertions made in this article are corrected.
 
2013-06-15 11:52:14 AM  

toetag: If the state has determined it's legal, get the card, withdraw the available balance and pay one fee?

Granted, I think the tactic is complete BS.   I can see the incentive for the banks issuing these cards, what incentive is it for the business owners?


A kickback on customer transaction fees would be one way. They contract with Morgan for the credit card machines in the stores, and get a break on fees if they pay the employees with the card.
 
2013-06-15 11:52:30 AM  

SilentStrider: Make sure their card is only valid at a company store, and you can swindle even more.


Nothing wrong with that ...

"The McDonald's Company Store offers McDonald's products priced specifically for the McDonald's worker."
 
2013-06-15 11:53:15 AM  

red230: Something seems fishy here to me. Did the employer give her the option of being paid with a payroll check and she refused? If so I say screw her, she is the victim of her own stupidity and this needs to be laughed out of court. I seriously doubt that the card was the only way they would pay their employees but if it was then the employees are being screwed and have a case. I foresee a followup coming in this case where some of the assertions made in this article are corrected.


You didn't read the article. The employee is given no option OTHER than the card. That should honestly be illegal in this day and age.
 
2013-06-15 11:55:51 AM  

red230: Something seems fishy here to me. Did the employer give her the option of being paid with a payroll check and she refused? If so I say screw her, she is the victim of her own stupidity and this needs to be laughed out of court. I seriously doubt that the card was the only way they would pay their employees but if it was then the employees are being screwed and have a case. I foresee a followup coming in this case where some of the assertions made in this article are corrected.


You know how I know that you would be the proud owner of a paycheck card?
 
2013-06-15 11:59:22 AM  
I received a prepaid debit card as part of a company employee recognition program last year.  You could only receive the money through the card, they wouldn't send you a check or add it to your payroll.  As expected, the fees were stupidly high and there was a monthly maintenance fee.

Told my boss to never send me one of those stupid things ever again.  If he wanted to reward me, he could take my wife and I out for a steak dinner instead.
 
2013-06-15 12:04:06 PM  
Seems like some employers are getting in to the same scam certain banks and universities have been running on students in the form of debit cards for financial aid. It seems we're headed right back to the early 20th century with the ways they've figured out to screw everybody but the rich.
 
2013-06-15 12:10:17 PM  
There is no legitimate excuse for this type of policy. Either the guy is getting kickbacks from the fees or he hates his employees with a farking passion and wants to inflict as much grief on them as he possibly can. Possibly both.

This is Amy's Baking Company level of scammery.
 
2013-06-15 12:35:16 PM  

MFAWG: red230: Something seems fishy here to me. Did the employer give her the option of being paid with a payroll check and she refused? If so I say screw her, she is the victim of her own stupidity and this needs to be laughed out of court. I seriously doubt that the card was the only way they would pay their employees but if it was then the employees are being screwed and have a case. I foresee a followup coming in this case where some of the assertions made in this article are corrected.

You didn't read the article. The employee is given no option OTHER than the card. That should honestly be illegal in this day and age.


In Britain you have to pay at least the minimum wage in cash as either legal tender or direct bank transfer. Anything else is illigal (though a lot of employers do offer schemes were you can get part of your pay in shop credit, usualy at 95% of the face value).
 
2013-06-15 12:37:31 PM  

TV's Vinnie: There is no legitimate excuse for this type of policy. Either the guy is getting kickbacks from the fees or he hates his employees with a farking passion and wants to inflict as much grief on them as he possibly can. Possibly both.

This is Amy's Baking Company level of scammery.


This McDonalds borrowed a line from the Democrats in Virginia.

http://www.timesdispatch.com/business/investment/virginia-s-new-tax- re fund-card-hits-bumps/article_a1a6d66c-8d50-5d79-8608-514c3366732c.html

/Yay Tim Kaine
 
2013-06-15 12:41:08 PM  
JP Morgan Chase Payroll Debit Card...


Figures.
 
2013-06-15 12:45:14 PM  

Because People in power are Stupid: Republicans.



Amusingly, that site lists the McDonald's Corporation Political Action Committee as "Democrat" leaning despite....


http://www.opensecrets.org/pacs/lookup2.php?strID=C00063164
2012 PAC Contribution DataContributions from this PAC to federal candidates
(41% to Democrats, 59% to Republicans)
 
2013-06-15 12:48:08 PM  
JP Morgan Chase Payroll Debit Card

Well that explains that. Anything with the JP Morgan name on it is specifically designed to fark you. All of you. America. Don't worry, they won't use the bought and paid for NYPD to butt rape you or anything.
 
2013-06-15 12:48:58 PM  

SilentStrider: Make sure their card is only valid at a company store, and you can swindle even more.


Wal*Mart actually managed to do just that, and pay workers with Wal*Mart coupons.
 
2013-06-15 01:00:26 PM  
Cool, even a fee for checking your balance.
 
2013-06-15 01:08:58 PM  

lucksi: Cool, even a fee for checking your balance.


"Hmm, I think I have a dollar left in my account, lemme check....oops, not anymore!"
 
2013-06-15 01:13:52 PM  

Christian Bale: lucksi: Cool, even a fee for checking your balance.

"Hmm, I think I have a dollar left in my account, lemme check....oops, not anymore!"


Given the charges they apply to balance checks, online payments, and withdrawals, I'd imagine they get to regularly exercise what I'm guessing are insane overdraft fees.
 
2013-06-15 01:15:13 PM  

Nemo's Brother: TV's Vinnie: There is no legitimate excuse for this type of policy. Either the guy is getting kickbacks from the fees or he hates his employees with a farking passion and wants to inflict as much grief on them as he possibly can. Possibly both.

This is Amy's Baking Company level of scammery.

This McDonalds borrowed a line from the Democrats in Virginia.

http://www.timesdispatch.com/business/investment/virginia-s-new-tax- re fund-card-hits-bumps/article_a1a6d66c-8d50-5d79-8608-514c3366732c.html

/Yay Tim Kaine


And this means that Rick Perry is now declared President for Forever, right?
 
2013-06-15 01:22:53 PM  

LouDobbsAwaaaay: Christian Bale: lucksi: Cool, even a fee for checking your balance.

"Hmm, I think I have a dollar left in my account, lemme check....oops, not anymore!"

Given the charges they apply to balance checks, online payments, and withdrawals, I'd imagine they get to regularly exercise what I'm guessing are insane overdraft fees.


And that may be the employees' way out of this. If McD's is essentially forcing employees to bank through JPM.

/former JPM employee
//fark JPM.
 
2013-06-15 01:27:09 PM  

Nemo's Brother: TV's Vinnie: There is no legitimate excuse for this type of policy. Either the guy is getting kickbacks from the fees or he hates his employees with a farking passion and wants to inflict as much grief on them as he possibly can. Possibly both.

This is Amy's Baking Company level of scammery.

This McDonalds borrowed a line from the Democrats in Virginia.

http://www.timesdispatch.com/business/investment/virginia-s-new-tax- re fund-card-hits-bumps/article_a1a6d66c-8d50-5d79-8608-514c3366732c.html

/Yay Tim Kaine


Actually, not even close, assuming this story is accurate.

1) There is an option for direct deposit. If the company provides that option, I would say it is sufficient. If they provide alternative options that have drawbacks, I applaud them for providing options that may benefit some of their staff.
2) The biggest issues in Virginia are being caused by the card company screwing up. Now the state is at fault for selecting a bad supplier, but if these people were getting their one free withdrawal and 2 free customer service calls I would say it is entirely a non-issue (even if there wasn't a direct deposit option) as you can just treat it as a cheque and deposit it all into your account or get cash. According to this story, these employees (most likely paid biweekly) have to pay $40 annually to access their paychecks. And if you are working at McDonald's that is probably fairly significant
 
2013-06-15 01:31:11 PM  

toetag: If the state has determined it's legal, get the card, withdraw the available balance and pay one fee?

Granted, I think the tactic is complete BS.   I can see the incentive for the banks issuing these cards, what incentive is it for the business owners?


Most companies use a third party to process payroll. I'm going to assume that Chase charges companies way less than other payroll processing companies, and probably even less if they make them their exclusive payroll processor. So the company probably saves a shiat ton of money by using Chase to process their payroll. And what Chase loses by charging less they make up 10 fold in fees they charge for using the payroll card.
 
2013-06-15 02:02:49 PM  

TV's Vinnie: Nemo's Brother: TV's Vinnie: There is no legitimate excuse for this type of policy. Either the guy is getting kickbacks from the fees or he hates his employees with a farking passion and wants to inflict as much grief on them as he possibly can. Possibly both.

This is Amy's Baking Company level of scammery.

This McDonalds borrowed a line from the Democrats in Virginia.

http://www.timesdispatch.com/business/investment/virginia-s-new-tax- re fund-card-hits-bumps/article_a1a6d66c-8d50-5d79-8608-514c3366732c.html

/Yay Tim Kaine

And this means that Rick Perry is now declared President for Forever, right?


So no criticism of a Democrat is allowed without your hyperboles?
 
2013-06-15 02:10:49 PM  

Nemo's Brother: TV's Vinnie: Nemo's Brother: TV's Vinnie: There is no legitimate excuse for this type of policy. Either the guy is getting kickbacks from the fees or he hates his employees with a farking passion and wants to inflict as much grief on them as he possibly can. Possibly both.

This is Amy's Baking Company level of scammery.

This McDonalds borrowed a line from the Democrats in Virginia.

http://www.timesdispatch.com/business/investment/virginia-s-new-tax- re fund-card-hits-bumps/article_a1a6d66c-8d50-5d79-8608-514c3366732c.html

/Yay Tim Kaine

And this means that Rick Perry is now declared President for Forever, right?

So no criticism of a Democrat is allowed without your hyperboles?


You haven't even offered up a comparable example.
 
2013-06-15 02:14:05 PM  
We offer paycards as an option to direct deposit. We make sure our employees know that the first transaction each week is free, after that there are fees.  So, get paid, check balance, withdraw all funds at bank/ATM, no fees.
 
2013-06-15 02:29:27 PM  

Nemo's Brother: TV's Vinnie: Nemo's Brother: TV's Vinnie: There is no legitimate excuse for this type of policy. Either the guy is getting kickbacks from the fees or he hates his employees with a farking passion and wants to inflict as much grief on them as he possibly can. Possibly both.

This is Amy's Baking Company level of scammery.

This McDonalds borrowed a line from the Democrats in Virginia.

http://www.timesdispatch.com/business/investment/virginia-s-new-tax- re fund-card-hits-bumps/article_a1a6d66c-8d50-5d79-8608-514c3366732c.html

/Yay Tim Kaine

And this means that Rick Perry is now declared President for Forever, right?

So no criticism of a Democrat is allowed without your hyperboles?


We live in a  world where whenever a democrats gets criticized, there's always a republican agenda behind it. Bet on it.
 
2013-06-15 02:41:17 PM  
K-Mart does this, at least to their fodder serfs.  Mastercard debit with lots of fees and restrictions (can't be used at gas pumps for example).
 
2013-06-15 02:47:45 PM  
I've never seen an employer that offer this as the only possible option. Direct deposit into an existing account with no additional fees is always on the table as well.  If that's the only option offered by this employer, he should be forced out of business. You do not make decisions like that for your employees, especially ones that involve their money.

Seriously, f*ck him.
 
2013-06-15 03:05:30 PM  

raerae1980: That is sad, very very sad.   *shakes head*    It should also be illegal.   I remember when I was on unemployment, CA issued those debit cards through BoA.   I made sure to withdrawal my money only from their ATMs b/c I needed all of my money and didn't want to deal with fees.  It's not like UE pays well.


CA Unemployment also allowed you to transfer the full value from that BofA account to your own at the time of deposit with no fee, so it was actually a little easier than dealing with checks every couple weeks.

But yeah, these franchisees are assholes.
 
2013-06-15 03:05:48 PM  
Assuming the article is accurate, I just got nudged one notch closer to inciting revolution. When will it end with these people.

/meanwhileinethiopia.jpg
 
2013-06-15 03:15:37 PM  

LouDobbsAwaaaay: SilentStrider: Make sure their card is only valid at a company store, and you can swindle even more.

Wal*Mart actually managed to do just that, and pay workers with Wal*Mart coupons.



You know, Wal*Mart was exactly who I was thinking of when i typed what I did.
I guess I shouldn't be surprised.
 
2013-06-15 03:23:06 PM  

inclemency: Assuming the article is accurate, I just got nudged one notch closer to inciting revolution. When will it end with these people.

/meanwhileinethiopia.jpg


I'm sure they'll be happy when employers can just issue something like this in lieu of a paycheck

farm5.static.flickr.com
 
2013-06-15 03:29:31 PM  

inclemency: Assuming the article is accurate, I just got nudged one notch closer to inciting revolution. When will it end with these people.

/meanwhileinethiopia.jpg


I'm rapidly coming to the conclusion that the most valuable part of being salaried is not being salaried.

It's not having to having to deal with the bullshiat.  (Though I've had hourly jobs that were pretty good too.  One of the advantages of having a job that was by definition non-productive after 9:00, and the willingness to pull a 16-hour Saturday (on OT) every time it flooded (which was depressingly often) to make up for "Woops, my car blew.  Let me give Jon a call").

Train's running late.  No one cares.
Car explodes.  Send an email saying "Car broke.  Be in in 3 hours after mechanic tells me the damage".
You've got to run errands.  Take Tuesday morning off so you don't have to deal with traffic.  Heck, I took the better part of 3 days off for moving to my new apartment.

/Mind you, I'm also at a 8.5-person startup which really helps in the no-bullshiat department.
 
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