Payroll Debit Card Program : A Perfect Payment Option:
View PDF | Print View | View HTML
by: Susan Hernandez
Total views: 1
Word Count: 368
Date: Sun, 8 Nov 2009 Time: 6:58 PM
0 comments
Related Videos
Payroll debit cards are issued to employees of an organization as a payroll solution. However, they offer more conveniences than just attractive payroll solutions. Payroll debit cards are similar to prepaid credit cards in the sense that spending cannot exceed the amount that you have in your account.
It enables employers to send money in any part of the world. They can monitor online transfers as well as keep an eye on employees account balance. Payroll debit cards helps in saving of considerable amount of money spent on printing as it eliminates the use of pay checks.
One of the biggest advantage of payroll debit card is it can also be used by employees who do not hold a current bank account. The employees of a company also don't need a savings or checking account to obtain their salaries.
Funds can be easily accessed by employees through ATMs with Visa or MasterCard logo. Employees don't need to go to a bank to encash their paychecks. Employees receive money in their accounts on the morning of their pay day automatically. This saves them precious time.
Through payroll debit cards, it is also very convenient to receive wages. Employees can either withdraw a part of their salaries or the entire lump sum amount in one transaction. The money also remains more safer through these debit card services. In case your payroll debit card is stolen, an employee can immediately deactivate the debit card.
Supplemental security income, civil service retirement, rail road retirement and pay checks of social security can be directly deposited to employees' card account without any additional charges. Employees can also use these cards to pay bills and purchases online. Through these cards, an employee can pay bills without paying money order charges.
Employees can save on high money transfer fee. Using an employee prepaid card, the transfer fee comes down to just $0.50, irrespective of the amount you transfer. They can also check their account balance using phone or Internet.
Several small companies in Asia(Malaysia and Singapore), Europe(Germany) and Brazil have implemented and reaped benefits from payroll solutions through payroll debit cards.
Article Source :: Simply Articles
About the Author
A payrolldebit card can offer convenient payroll solutions to small companies.
Rating: Not yet rated
