subject: Payroll Debit Card System - A Boon For Company: [print this page] The smartest feature of payroll debit cards is they make the payment process transparent. Business owners can watch the employee transaction process and monitor their salary accounts through the bank that renders payroll service.
Employees can check the account balance online or through telephone. Employees also get monthly statement of money transactions from the bank that monitors their account activities.
Employees can use these cards for shopping just like prepaid credit cards. Payroll debit cards are recognized and accepted across the world because they have association with reputed prepaid card providers such as Visa and MasterCard. Employees can withdraw money from any ATM center without having to wait for long hours in queues at banks.
Payroll debit cards are better alternatives to conventional payment methods that depend on use paper checks for payroll process. Small businesses can use payroll debit cards and save funds that are generally spent on printing paychecks.
In addition, payroll debit card services do not require businesses to pay surcharge fees that need to be paid while distributing paychecks. Thus, small business entities can cut down on additional expenses by employing debit card payroll services and boost business prospects.
By using Payroll debit card program, employers can instantly send money into employees' accounts. Employees who don't have a savings account can receive money through these cards.
Thus, small business organizations that have seasonal or temporary workers on their payroll can benefit immensely from payroll debit card services. These electronics cards can also be distributed to young employees who do not meet requirements for direct deposit payroll scheme.
Payroll debit cards are a vital tool in enhancing a company's growth prospects. Many small business around the world in Europe, Middle East, America and Asia have immensely benefited by adopting payroll solutions that involves use of debit cards.
by: Kathy Greens.
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