No stored Google rating available.
PAYOMATIC operates nearly 140 check-cashing and financial services locations across NYC, offering check cashing, money transfers, bill payment, and prepaid cards with no holding periods.
Data compiled from public sources
PAYOMATIC is a regional financial services provider headquartered in New York with an extensive network of nearly 140 retail locations across the Bronx, Brooklyn, Manhattan, Queens, Long Island, and the broader NYC area. The company positions itself as "New York's largest and most convenient provider of check cashing and financial services," serving unbanked and underbanked consumers who need immediate access to cash and payment services.
The company offers a comprehensive suite of alternative financial services centered around check cashing but expanded to include multiple revenue streams. Core services include check cashing for payroll, government, and tax checks with same-day payout and no holding periods; business check cashing with rate claims to verify and generous limits; Western Union money transfers to 200+ countries; money orders; bill payment for 100+ companies including utilities (Con Edison, National Grid), housing (NYCHA), and telecom providers; the inPOWER Prepaid Mastercard with a mobile app; and prepaid mobile top-ups.
PAYOMATIC's competitive advantages include its dense store network (nearly 150 locations mentioned in one section) providing convenient neighborhood access, same-day payouts for large business checks, Western Union's largest agent status in New York, and an exclusive prepaid card product (inPOWER) with mobile app access. The company emphasizes speed, security, and a "hassle-free process" without banking requirements.
While PAYOMATIC serves a legitimate unbanked/underbanked market segment, consumers should recognize this is a for-profit alternative financial services provider that generates revenue through check-cashing fees, money transfer commissions, and prepaid card margins. The website does not disclose fee structures, making listed cost comparison difficult before visiting a store. The service is geographically limited to the NYC metro area despite the stated network size.
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 Brooklyn, 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 9 services including Check cashing (payroll, government, tax checks) with same-day payout, Business check cashing with competitive rates and generous limits, Western Union money transfers to 200+ countries, Money orders, Bill payment (Con Edison, National Grid, NYCHA, Optimum, Verizon, Spectrum, Dish Network, major credit cards), and 4 more.
PAYOMATIC has profile signals associated with Unbanked or underbanked workers in NYC needing immediate check-cashing without account requirements, Small business owners requiring same-day cash payouts for business checks, NYC residents sending remittances internationally via Western Union, Customers paying utility bills or NYCHA rent cash in person without banking access.
Key strengths: Nearly 140 store locations across NYC area provide convenient neighborhood access for cash services; Check cashing with zero holding period—receive cash immediately same day; Business check cashing with rate claims to verify, generous limits, and same-day large payouts available. Areas to consider: No fee disclosure on website—check-cashing rates, money transfer fees, and prepaid card costs not listed before store visit; Service limited to NYC metro area only (Bronx, Brooklyn, Manhattan, Queens, Long Island) despite national alternatives.
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 residents without bank accounts who need fast check cashing, utility bill payment, or international money transfers. The main caveat is that fees are not disclosed online, making it impossible to assess cost-effectiveness before visiting a store; customers should comparison-shop and ask about fee schedules, as alternative financial services typically carry higher in listed context costs than banks.
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
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
Cash advances are expensive. Here are cheaper, faster ways to cover an emergency expense without getting trapped in a debt cycle.
Read guide →Balance transfer cards can save you money on interest, but fees to verify and deadlines catch people off guard. Here's how to use them the right way.
Read guide →A parent's guide to teaching teenagers about money, credit, and financial decisions before they leave home — covering the skills schools skip.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to PAYOMATIC and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.