Paid brings business owners free core payroll with premium features to save time, money, and increase employee financial wellness.
Employee Checking: Employees can create a Paid checking account with 2.5% APY* and access to a debit card.
Rewards Programs: Employees will have access to financial products and rewards through Paid.
We believe core payroll should be free.
Paid is able to offer free core payroll services due to the benefits offered to your business and your employees. Our revenue is generated through premium features and services that are complementary to payroll and that help optimize your business’s success and employee engagement.
When employers and employees are in complete alignment and leveraging premium services for their mutual benefit - payroll can be free.
There are no fees. Our core payroll services are completely free for employers. Optional premium features and additional services for both employers and employees are clearly outlined and priced, with no surprises. Learn more about Paid's premium features.
Paid offers all essential payroll features, including (but not limited to) direct deposit, employee database, tax filing, compliance tracking, benefits & PTO, and W2 & 1099 generation.
Paid is a d/b/a of Keep Financial Technologies, Inc. ("Keep"). Keep is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. The Paid Mastercard Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Mastercard U.S.A. Inc. and may be used anywhere Mastercard cards are accepted. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions.
Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program. Pass-through insurance coverage is subject to conditions.