Payroll Debit Cards
The Payroll Debit Card is the Modern Way to Pay
Any company with employees, affiliates, agents, or distributors can benefit from payroll cards. Payroll cards are particularly valuable for companies with geographically dispersed or mobile workforces or workers that do not have bank accounts. Additionally, companies report more than 50% of direct deposit users have a portion of money placed onto a payroll card for savings or in anticipation of planned purchases.
Top 10 Reasons Companies Use Payroll Cards
- Reduce costs and increase revenues by eliminating paper checks
- Automation of payroll delivery powers business growth
- Increased productivity reduces overhead costs
- Elimination of fraud safeguards business
- Decreased expenses equate to hard dollar savings
- Streamlines integration with other business operations
- Expand worker benefits without any additional cost to company
- Enhance business expansion since workers anywhere in the world are paid easily and quickly.
- New tool to retain existing workers and recruit new ones
- Correct payroll card implementation creates competitive business advantages
Employers Save Money with Payroll Cards
Payroll card are an ideal way for companies to eliminate the costly and time consuming payroll check writing and reconciliation process. Companies save an average of $1.25 per payment by using direct deposit instead of checks. In addition, administration costs are reduced by as much as 50%. Payroll cards eliminate the cost of delivering checks to employees at different locations and the expense of creating and mailing checks. Payroll cards get rid of the administrative nightmare of dealing with lost or stolen checks and the resulting charges for stop payment and check replacement.
Payroll Cards offer convenience, speed, and safety for employers. Any company that still pays by handing out or mailing conventional checks will benefit. This electronic payment solution does not require a checking account so anyone on your payroll may sign up for it. With payroll cards, all employees benefit from the convenience of direct deposit even if some of employees do not have a bank account.