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PAYOMATIC New York, New York — PAYOMATIC is New York's largest check-cashing and financial services provider with nearly 140 locations offering check ca...
Data compiled from public sources
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), listed 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 short-term cash access and money movement services.
As a check-cashing provider, PAYOMATIC serves customers without traditional bank accounts or those seeking short-term cash access 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.
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 New York, 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 no holding period), Business check cashing with customized limits and same-day payouts, Western Union money transfers (send and receive) to 200+ countries, Money orders, Bill payment (100+ providers including Con Edison, NYCHA rent, Verizon, Spectrum, National Grid, Optimum, Dish Network), and 4 more.
PAYOMATIC has profile signals associated with Unbanked or underbanked consumers in NYC needing immediate check-cashing access without bank delays, Small business owners requiring same-day cash for business checks and recurring check cashing needs, Immigrants and international money senders using Western Union for transfers to family abroad, Consumers without traditional bank accounts seeking bill payment, money orders, and prepaid card options.
Key strengths: Extensive 140-store network across NYC area with convenient locations in multiple boroughs; Extended hours including 8 AM–9 PM weekdays and 10 PM Friday service, plus Sunday availability (10 AM–6 PM); No holding period on checks—customers receive cash immediately upon cashing. Areas to consider: No fee disclosure on website—check cashing, money transfer, and money order rates are not listed; No information about APR, interest rates, or terms for any products or services offered.
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 New York-area residents and small business owners who are researching short-term 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.
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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