Final answer:
The advantages of paycards are secured access to payroll and the fact that they do not require a bank account.
Step-by-step explanation:
The advantages of paycards include:
- Secured access to payroll: Paycards provide employees with a secure way to receive their wages. The funds are directly deposited into the paycard, which can only be accessed by the employee using a PIN or other security measures.
- Do not need a bank account: Paycards are an alternative to traditional banking, as they do not require the employee to have a bank account. This can be beneficial for individuals who may not meet the requirements or preferences for opening a bank account.