PAYOMATIC is New York's largest check-cashing and financial services provider with nearly 140 stores across NYC and surrounding areas, offering check cashing, money transfers, bill pay, and prepaid cards.
Data compiled from public sources · Google rating shown when a stored review count is available
PAYOMATIC operates as a neighborhood financial services chain primarily serving the New York metropolitan area, including the Bronx, Brooklyn, Manhattan, Queens, and Long Island. The company has built its reputation on providing accessible check-cashing services and related financial products to underbanked consumers and business owners who are researching short-term cash access without traditional banking requirements.
The company offers a comprehensive suite of services including standard check cashing (payroll, government, tax checks), business check cashing with rate claims to verify and same-day payouts, Western Union money transfers to over 200 countries, money orders, bill payment services (over 100 companies supported including utilities and credit cards), the inPOWER prepaid Mastercard with mobile app access, prepaid mobile top-ups, and direct deposit services. Their business check-cashing service specifically targets small business owners needing immediate access to funds for supplies, payroll, and operational expenses.
PAYOMATIC distinguishes itself through its extensive store network (nearly 140-150 locations across NYC), positioning as the largest Western Union agent in New York, and offering same-day large payouts for business checks. They emphasize quick processing with no holding periods on standard checks, extended store hours (8 AM-10 PM Friday, 10 AM-6 PM daily minimum), and a branded prepaid card product (inPOWER) exclusive to their stores. The mobile app provides 24/7 account access for cardholders.
As a check-cashing service, PAYOMATIC serves a legitimate financial function for unbanked and underbanked populations but does not disclose fee structures on their website. While they offer faster cash access than banks and rate claims to verify for business checks, consumers should understand that check-cashing fees vary and may be higher than traditional bank deposits. The company is best suited for those who are researching short-term cash access and those operating small businesses requiring quick check liquidation.
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 11 services including Check cashing (payroll, government, tax checks), Business check cashing with same-day payouts, Western Union money transfers (send and receive), Western Union prepaid top-ups and reloading, Money orders, and 6 more.
PAYOMATIC has profile signals associated with Small business owners needing quick same-day payouts for business checks, Unbanked and underbanked NYC residents without access to traditional bank accounts, Individuals sending money internationally through Western Union, Those needing bill payment services for utilities and credit cards without a bank account.
Key strengths: Nearly 140 stores across NYC neighborhoods providing convenient physical access; No holding periods on check cashing — receive cash immediately; Business check-cashing service with rate claims to verify, generous limits, and same-day large payouts. Areas to consider: Website does not disclose check-cashing fee structure or rates, making cost comparison difficult; Limited to New York metropolitan area — not available nationally.
In the Check Cashing & Money Services category, comparable providers include Loma Pawn Brokers, The Provident Loan Society (Park Ave S), Value Pawn & Jewelry. 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 and small business owners who are researching short-term cash access without a bank account or who require same-day business-check payout claims to verify. The main caveat is that check-cashing fees are not disclosed on their website, and consumers should expect to pay fees significantly higher than bank check deposits, making traditional banking a cheaper option if available.
Loma Pawn Brokers is a pawn shop in Los Angeles offering collateral-based loans in exchange for personal items, jewelry, and valuables.
Google rating from 24 reviews
Profile signals: Customers with poor or no credit history researching short-term cash access, People seeking fast, collateral-based loans without credit verification
NYC-based collateral lender since 1894 offering low-interest loans secured by jewelry, gold, diamonds, and watches with daily interest calculations instead of monthly fees.
Google rating from 12 reviews
Profile signals: NYC residents researching emergency-cash options who own jewelry, gold, or luxury watches, Borrowers with poor credit or no credit history seeking quick funds with eligibility claims to verify
Wilton Manors, FL's Value Pawn & Jewelry at 1000 W Oakland Park Blvd offers short-term cash access for jewelry, electronics, and valuables.
Google rating from 13,833 reviews
Profile signals: People researching short-term cash access who own items like electronics, jewelry, tools, or instruments, Budget shoppers seeking discounted brand-name merchandise at 25-70% below retail prices
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