Some Benefits Of Payroll Debit Cards For Small Businesses:
Old fashioned checks are highly expensive than the prepaid cards. They also don't provide benefits as that provided by prepaid cards which can work as good marketing tools. Owing to this, several businesses are turning towards the option of the paying salaries to their employees through the debit card payroll system that involve the debit cards. Payroll debit card services can prove highly beneficial to companies having an employee base of 50-500. The chances of fraud or scam or the cards being misused by cheaters is also low in debit card payroll services.
The main benefit of debit card payroll solutions is they help businesses to reduce their administrative costs. This is due to the fact that they eliminate the printing cost that is involved in printing checks.
Employers can send money to their employees who are working abroad. The employees can then receive money by using their debit cards provided under the debit card payroll services by their employers.
Employees who are travelling abroad or are absent on the payday can collect their salaries through the payroll debit cards by visiting nearest ATM. This helps them to save their valuable time as they don't have to visit any bank.
Employees who don't have a bank account have to pay excessive charges to receive their cash. With payroll debit cards they don't need to pay any check processing charges. Thus, payroll debit cards are not only useful for companies but also to their employees.
Debit cards can also be used as prepaid cards such as VISA and MasterCard. Thus, employees can pay their shopping bills with these cards even through the Internet. This feature makes debit cards as same as prepaid credit cards.
Companies such as MLM, Forex, and insurance companies have gained huge benefits from the debit card payroll services. Companies across Asia, Europe and Brazil have also benefited largely from the use of debit card payroll system.
The debit cards are more secured payroll solutions as they are easier to carry than cash. There is also less risk of fraud or scam or the cards being misused by cheaters in debit card payroll services.
The main benefit of debit card payroll solutions is they help businesses to reduce their administrative costs. This is due to the fact that they eliminate the printing cost that is involved in printing checks.
Employers can send money to their employees who are working abroad. The employees can then receive money by using their debit cards provided under the debit card payroll services by their employers.
Employees who are travelling abroad or are absent on the payday can collect their salaries through the payroll debit cards by visiting nearest ATM. This helps them to save their valuable time as they don't have to visit any bank.
Employees who don't have a bank account have to pay excessive charges to receive their cash. With payroll debit cards they don't need to pay any check processing charges. Thus, payroll debit cards are not only useful for companies but also to their employees.
Debit cards can also be used as prepaid cards such as VISA and MasterCard. Thus, employees can pay their shopping bills with these cards even through the Internet. This feature makes debit cards as same as prepaid credit cards.
Companies such as MLM, Forex, and insurance companies have gained huge benefits from the debit card payroll services. Companies across Asia, Europe and Brazil have also benefited largely from the use of debit card payroll system.
The debit cards are more secured payroll solutions as they are easier to carry than cash. There is also less risk of fraud or scam or the cards being misused by cheaters in debit card payroll services.