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PAYOMATIC Astoria, New York — PAYOMATIC is New York's largest check-cashing and financial services network with nearly 140 locations offering check cash...
Data compiled from public sources
PAYOMATIC operates as a multi-service financial services provider headquartered in New York with an extensive network of nearly 140 stores across the Bronx, Brooklyn, Manhattan, Queens, Long Island, and surrounding NYC areas. The company specializes in check-cashing services as its core offering but has expanded into complementary financial services to serve underbanked and unbanked consumers who need immediate access to cash and payment solutions.
The company offers a comprehensive suite of services including check cashing (payroll, government, and tax checks), business check cashing with rate claims to verify and same-day large payouts, Western Union money transfers to over 200 countries, bill payment services for major utilities and providers, money orders, the inPOWER Prepaid Mastercard with mobile app access, prepaid mobile top-ups, and direct deposit options. Their business check-cashing service specifically targets small business owners needing immediate liquidity for supplies, payroll, and operational expenses.
PAYOMATIC distinguishes itself through its dense store network concentrated in the New York metropolitan area, positioning itself as the largest Western Union agent in New York. The company emphasizes speed and convenience with no holding periods on checks, short-term cash access at any store location, 24/7 access via the inPOWER app, and extended store hours (some locations open until 10 PM on Fridays). Their rate claims to verify on business checks and access to a network of nearly 150 stores provide operational advantages for business owners requiring regular check-cashing services.
The honest assessment is that PAYOMATIC is fundamentally a check-cashing and alternative financial services provider designed for consumers without traditional bank accounts or those researching short-term cash access. While convenient and fast, check-cashing and prepaid card services typically carry fees that make them more expensive than traditional banking for routine financial transactions. The service is best suited for consumers in the NYC area who are researching short-term cash access conversion, lack banking relationships, or require listed services like business check cashing.
PAYOMATIC received 1 consumer complaints in the past 12 months. All complaints received a timely response from the company.
1
Complaints (12 months)
0.0%
Resolved with relief
Stable
Complaint trend
Most Common Complaint Categories
This is state-level context for Check Cashing & Money Services consumers in Astoria, NY. It does not confirm that PAYOMATIC or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Short-term lending status: Banned
General rate context: 16% civil usury; 25% criminal usury; payday lending banned
New York bans payday lending through its 16% civil usury and 25% criminal usury caps. The Department of Financial Services aggressively pursues illegal online payday lenders. Consumers have strong protections under state law and can file complaints with DFS or the Attorney General.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
PAYOMATIC offers 10 services including Check cashing (payroll, government, tax checks), Business check cashing with competitive rates and same-day payouts, Western Union money transfers (send and receive to 200+ countries), Money orders, Bill payment (100+ companies including utilities, credit cards, prepaid cards), and 5 more.
PAYOMATIC has profile signals associated with Small business owners needing fast, same-day cash for checks and operational expenses, NYC residents without traditional bank accounts seeking immediate check-to-cash conversion, International money senders using Western Union to transfer funds to 200+ countries, Consumers needing bill payment services for utilities and multiple companies with expedited processing.
Key strengths: Nearly 140 convenient store locations across NYC area (Bronx, Brooklyn, Manhattan, Queens, Long Island) with dense coverage; Largest Western Union agent in New York with ability to send money to 200+ countries; No holding period on checks — short-term cash access at time of cashing. Areas to consider: Check-cashing and prepaid card services carry fees that make them more expensive than traditional bank accounts for routine use; Limited to NYC metropolitan area — no national presence or online check deposit options mentioned.
In the Check Cashing & Money Services category, comparable providers include 10th Avenue Check Cashing Corporation, A & S Foreign Exchange Inc, E Z Money LLC. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
PAYOMATIC is profile signals for NYC-area small business owners and unbanked consumers who need immediate check-to-cash conversion and lack traditional bank relationships. The primary caveat is that check-cashing and prepaid card services carry fees making them more expensive than traditional banking, and they do not build credit history or offer long-term wealth-building tools.
10th Avenue Check Cashing Corp cashes checks, processes money orders, and offers bill payment services in Hell's Kitchen, Manhattan. Open 7 days with convenient midtown location.
Profile signals: Hell's Kitchen residents needing local check-cashing without traveling to other neighborhoods, Customers who need multiple services (check cashing + bill payment + metro cards) at one stop
A & S Foreign Exchange Inc. is a New York-based currency exchange and traveler's check service operating for over 27 years, offering rate claims to verify on major world currencies.
Profile signals: International travelers departing from or returning to the New York area needing currency exchange, Customers requiring physical in-person currency exchange with immediate transactions
Multi-service financial center offering check cashing, payday loans, prepaid cards, and money transfers. Licensed in Iowa, Michigan, Missouri, and North Dakota.
Profile signals: Consumers without traditional bank accounts who need immediate check cashing without fees or holds, Unbanked or underbanked workers in covered states needing occasional emergency cash advances
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