If you have recently started with your venture and are looking for ways to save money, you can opt for payroll solutions offered by payroll debit cards. By implementing debit card payroll services, you will not need to spend a single penny on printing paper checks. Besides, you wont have to spend a large amount of money used as service charges in distributing paper checks.
A payroll debit card system will also help in reducing the overhead costs and increasing the productivity of your company. It allows you to convert your current payroll checks to direct deposit transactions.
To implement a debit card payroll service, you need to create a central payroll account with a reputed bank and then distribute payroll debit cards to all your employees. On the salary day, you just have to deposit the salaries of all your employees in the central payroll account. Your employees can then use their payroll cards to collect their respective salaries.
Payroll services involving the use of payroll debit cards, do not make it mandatory for the employees to hold a savings or checking account. Hence, payroll debit cards can be a luring proposition for companies having overseas employees, who find it difficult to have a savings account. If you are planning to turn your company into an MNC then you should definitely consider adopting a payroll debit card system as this would allow you to send money to your employees in any foreign country. Your employees can receive money simply by visiting an ATM center.
Payroll debit cards are affiliated with reputed prepaid credit card brands such as MasterCard and Visa. Employees can use these cards as prepaid cards for shopping.
Other business establishments such as Forex and MLM companies, insurance firms and trade organizations can largely benefit from the use of payroll debit cards.
A payroll debit card system will also help in reducing the overhead costs and increasing the productivity of your company. It allows you to convert your current payroll checks to direct deposit transactions.
To implement a debit card payroll service, you need to create a central payroll account with a reputed bank and then distribute payroll debit cards to all your employees. On the salary day, you just have to deposit the salaries of all your employees in the central payroll account. Your employees can then use their payroll cards to collect their respective salaries.
Payroll services involving the use of payroll debit cards, do not make it mandatory for the employees to hold a savings or checking account. Hence, payroll debit cards can be a luring proposition for companies having overseas employees, who find it difficult to have a savings account. If you are planning to turn your company into an MNC then you should definitely consider adopting a payroll debit card system as this would allow you to send money to your employees in any foreign country. Your employees can receive money simply by visiting an ATM center.
Payroll debit cards are affiliated with reputed prepaid credit card brands such as MasterCard and Visa. Employees can use these cards as prepaid cards for shopping.
Other business establishments such as Forex and MLM companies, insurance firms and trade organizations can largely benefit from the use of payroll debit cards.
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1 comment:
Payroll debit cards are beneficial for employers as it enables a strong down turn in payroll processing costs. This option is also a very suitable option for companies who are employing part-time workers that do not have bank accounts.
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