The pay cart with the paychest is taken in to battle so that Paymaster Mydas can an eye on its whereabouts. Sheikh Yadosh, a wealthy Arabian moneylender who has accompanied Mydas since his days in Sartosa, is given the task of keeping the paychest secure during the battle. Placed on a light carriage ridden by Sheikh Yadosh, the paychest inspires acts of heroism and bravery amongst mercenaries, hoping that by such acts they will be paid a bonus.
Source: Warhammer Armies Project: Unofficial 9th Edition (v2.2)
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Unlike normal chariots, the Pay Cart only inflicts Impact Hits (D3). The Paychest increases the radius of Mydas' Hold Your Ground! special rule by 6". The Pay Cart acts as a separate unit from Mydas and his bodyguards on the battlefield.