Virtual Currency & Payroll: What HR Pros Need to Know
As most HR and payroll professionals will attest, people are very particular about their pay as are the companies that pay them.
Believe it or not, some US companies still pay people exclusively in cash—presumably to get around paying taxes or to avoid having to document paying people who are unauthorized to work in the country. Other companies refuse to even cut paper checks, instead requiring all employees to be paid by direct deposit. This is perfectly legal as long as the employer does not control which bank or account employees use.