PAYOMATIC is New York's largest check-cashing and financial services provider with nearly 140 locations offering check cashing, money transfers, bill pay, and prepaid cards.
Editorially reviewed by Harvey Brooks
PAYOMATIC operates as a check-cashing and financial services network across the New York metropolitan area, including the Bronx, Brooklyn, Manhattan, Queens, and Long Island. The company has established itself as a convenience-focused alternative financial services provider, positioning itself as "New York's largest and most convenient provider of check cashing and financial services" with a network of approximately 140 stores.
The company offers a comprehensive suite of financial services centered around cash transactions and money movement. Core services include standard check cashing (payroll, government, tax checks), business check cashing with customized limits and same-day payouts, Western Union money transfers to 200+ countries, money orders, bill payment services for utilities and major providers (Con Edison, Verizon, Spectrum, etc.), the inPOWER Prepaid Mastercard, prepaid mobile top-ups, and direct deposit services. Their website emphasizes quick processing with no holding periods on checks and 24/7 mobile app access for account management.
PAYOMATIC differentiates itself through scale (largest Western Union agent in New York), convenience (extended hours including 10 PM Friday closings, Sunday availability), specialized business check cashing services, and the branded inPOWER Prepaid Mastercard exclusive to their stores. The company positions itself as a one-stop solution for unbanked and underbanked consumers seeking immediate cash access and money movement services.
As a check-cashing provider, PAYOMATIC serves customers without traditional bank accounts or those seeking immediate cash without bank processing delays. However, the website provides no information about fee structures, specific APRs, or regulatory disclosures, which are critical considerations for consumers evaluating alternative financial services. The company functions primarily as a transaction processor rather than a credit or lending institution.
Yes. PAYOMATIC is a registered company headquartered in 115 W 23rd St, New York, NY 10011. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
PAYOMATIC is best for New York-area residents and small business owners who need immediate cash access, lack traditional bank accounts, or require frequent check-cashing and money transfer services. The main caveat is the complete absence of fee transparency on their website—consumers cannot determine actual costs before visiting a store, making price comparison impossible.
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