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Disbursing your own funds? Check out prepaid checks

There are a variety of situations where you might want to control your own funds for disbursement to employees—that’s why we’re excited to share that checks can now be marked as “Prepaid”.

Product Manager

Nick Boesel

Product Manager

March 17, 2022

There are a variety of situations where you might want to control your own funds for disbursement to employees—that’s why we’re excited to share that checks can now be marked as “Prepaid”.

For partners who have their own disbursement method for employee funds, they can now create a check and follow the normal process, simply marking a check as “Prepaid”. Instead of distributing the net wage of an employee automatically, we now give our partners the flexibility to make the choice on if they want this to happen. Whether you’re disbursing your own funds or not, we’ll continue to make payments out on all employer taxes and garnishments that they are liable for.

So, why do this—what purpose do prepaid checks and managing your own disbursement actually serve? There are many great use cases, and one, in particular, we’re excited to share with you is in crypto.

Zeal partners with a few crypto payroll companies that pay out employees on their platform using cryptocurrency. This means that they can easily mark all employee checks that they create as “Prepaid”, and Zeal won’t disburse net wages for that employee. These crypto payroll companies do the magic of converting the disbursement amount to the specific cryptocurrency the employee is getting paid in, and we handle the magic of calculating taxes and deductions, so they don’t have to.

Prepaid checks are a small example of how we are prioritizing building our APIs with customization in mind. We want to enable anyone and everyone to build payroll, in as many ways as possible. Our customers have shown us that there is a no one-size fits all solution when it comes to payroll and that is why we are focused on providing the tools so that everyone can create their own payroll experience.

Thinking about building your own payroll? Let us know how we can help—get in touch with us to see what we can make possible together!

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