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Read more about the PayCard product and how it works.
  1. Who uses PayCards?

    • Construction companies pay their bricklayers, tilers, welders and plasterers with the Standard Bank PayCard.
    • Teachers are given the cards by the School to use on school trips.
    • A Standard Bank Profile owner uses the PayCard to pay their domestic worker.
    • NGO's uses it to pay their staff.
    • Farmers use it to pay their farm laborers.
    • Bead work companies use it to pay their bead workers.
    • Cabinet / furniture makers use it to pay their staff.
    • A number of companies use it to give to their office managers to use for various office expenses.
    • A State-owned institution uses the PayCard to give to their office managers for certain expenses.
    • Aviation companies use the PayCard to pay their workers.
    • Company employees that are concerned about the safety of funds and who feel their personal security may be threatened, use the Standard Bank PayCard to pay their workers instead of cash.
    • Companies give it to staff members who don’t have a bank account.

  2. Allocating cards

    Once you receive the PayCard cards you will be able to allocate the cards to your employees. Their full names and Identification numbers are required. If you have their cell phone number, this will assist us in communicating with your employee. It is however not mandatory to capture this field.

    When allocating a card to a card bearer, please note that the PayCard site is case sensitive. Therefore, when entering the card bearer’s name and surname in the relevant fields it must be typed in exactly as it appears on the card bearer’s ID/Passport.

    When an existing card is stopped, and a new card is allocated to the same card bearer, the details of that card bearer must be entered exactly as it was initially captured for the card that has been stopped card.

    This will ensure that verification of the card bearer’s details can take place accurately for the new card, for the purposes of FICA.

    If the name is typed incorrectly, with the same ID number as another card, an error will appear when you go to the “Manage card” option for that card indicating that the card has not been FICA’d.

  3. What is a PayCard?

    We have introduced a simple alternative to cash or cheque payment of salary, wages or petty cash. If you use cash or cheques to pay your employees; you can now make payments to a disposable PayCard. Once the cards have been loaded the card can be used to withdraw cash at any Standard Bank or other local banks’ ATMs or it can be used to pay for goods and services at any merchant where the MasterCard logo is displayed. The cards takes away the risk of managing and carrying large amounts of cash. PayCards are - so they may be used for multiple salary or wage payments to each employee. Cards expire after 3 years.

  4. Is your payroll cash and cheque intensive?

    PayCard now offers you an easier solution to paying your employees. It is a prepaid MasterCard that is ideal for paying employees who may not have a bank account.

    The card is a PIN authenticated prepaid card product that may be loaded again and again.

    It works like a debit card. The PayCard can be used by the cardholder to withdraw cash at an ATM or pay for goods at a shop with a point-of-sale machine.

  5. Getting your payroll onto PayCards

    As an employer you will buy cards then load them with the salaries or wages, and then hand them to each employee. You may load up to R25 000 per card and a maximum monthly limit of R25 000 per card in a month.

    The employee (cardholder) may use up to R5 000 a day.

  6. Benefits of PayCard

    A simple alternative to cash and cheque, salary and wage payments

    A re-loadable card that can be used to withdraw cash using Standard Bank or other bank ATM and purchase goods and services at merchants displaying MasterCard logo

    Your employers have a safe and simple solution to replace cash and cheque wage payments

    You may also use PayCard for petty cash payments.

  7. How can I purchase PayCards?

    You can purchase unloaded PayCards from the secure PayCard website www.paycard.co.za or via www.standardbank.co.za. You need to register for the service and accept the terms and conditions on the website. An email confirming registration is sent to you within 1 day. You need to respond to the email as requested.

    Cards are ordered on the website and must be paid for using an electronic account payment. A reference number will be allocated to you and all payments made by you relating to PayCards must contain this reference number. Payments from a Standard Bank account will take 1 business day, payments from other banks can take up to 3 days. Please take this into consideration when planning payments.

    Once payment has been received, the card order will be produced and delivered either to your nearest branch or your premises. An email will be dispatched confirming order has been placed and is ready for collection.

  8. Loading funds onto Paycards

    Once you receive the cards you will be able to allocate the cards to your employees. Their full names and Identification numbers are required. If you have their cell phone number, this will assist us in communicating with your employee. It is however not mandatory to capture this field. When allocating a card to a card bearer, please note that the PayCard site is case sensitive. Therefore, when entering the card bearer’s name and surname in the relevant fields it must be typed in exactly as it appears on the card bearer’s ID/Passport.


    Calculate the value of payroll and pay via electronic account payment into account number provided using your unique reference number and allowing sufficient time for payment to be received. Cash and cheque deposits will not be accepted.


    Deposits can take up to 3 days to reflect. When a deposit is made on a weekend it will only reflect on the Tuesday after that weekend.

    Transfer funds from your PayCard account to employee’s cards as required. You will be able to load an activation time and date.


    As an employer you can be safe in the knowledge that the PayCards are not loaded or active until the specified date and time. You can then distribute the PayCards to each employee, together with the PIN in a sealed envelope before the cards are activated.

  9. Activating cards

    When cards have been activated, the risk of holding “cash” is passed to your employees, who can withdraw their cash or use the card to make payments at merchants.

    Each time the card is loaded or reloaded, the employee has one free Standard Bank ATM or AutoMoney withdrawal, one free Standard Bank ATM balance enquiry. Purchases at merchants are free. The employee will be charged for any additional transactions.

  10. Re-loads

    The re-loading process is the same as the initial loading process. You will simply need to transfer funds to your employees.


    Cards can be re-loaded until card expires. Any balance remaining on the card on expiry can be transferred by you to a new card.


    A PayCard does not replace a bank account. Employees can only withdraw cash from ATMs and pay for purchases with or without cash back at merchants. Only you can deposit funds into the card. The maximum load / re-load amount is R25 000 and the balance on the card cannot exceed R25 000 within a month. No debit orders can be processed against the card.

  11. Lost or stolen cards

    If a card is lost or stolen, or the cardholder forgets their PIN, a replacement card has to be issued by you. You or your employee can stop the card by calling 0861 11 51 96 between 9am to 11pm, calling 0800 020 600 from 11pm to 9am or you can stop the card on the website. Once the card has been stopped, you will be able issue a replacement card and transfer the funds from the lost or stolen card to the new card. Any transactions made before the card was reported lost will be a loss to the cardholder.

  12. Terms and conditions

    Cards are produced with a PIN and are attached to a card carrier showing how to use the cards at an ATM. On the reverse of the card carrier are the terms and conditions in English.. These terms and conditions are available in Afrikaans on the website.

  13. Fees

    Employer

    Card orderR16.14 per card
    LoadR10.09 per card
    Card delivery Face to Face
    1 - 50 cards R95.83
    51 - 600 cards R95.83
    601 - 2000 cards R95.83


    Employee



    ATM cash withdrawal at a Standard Bank ATMR8.07
    ATM cash withdrawal at another bank ATMR14.83
    Purchases at merchantsFree
    Purchase plus cash back at merchantsFree
    Balance enquiry at SBSA ATMR2.82
    Balance enquiry at an agent bank ATMR2.82
    SMS Balance enquiryR2.82
    Declined cash withdrawal at Standard BankR0.00
    Declined cash withdrawal at another bankR0.00
    Card inactive feeR13.11
    Bank reversal feeR55.48

  14. Queries

    If you have any questions, please contact the Standard Bank call center on 0861 11 51 96.