Friday, July 24, 2009

Payroll Debit Cards - Employer Benefits.

By Marcelo Rizzo

Payroll debit cards are also known as Pay cards. These cards allow the companies to make direct deposits in the accounts of employees. This is helpful for employees, who do not have a bank account. In fact, these cards are multi-useful, as they work as excellent payroll solutions.

It is growing trend among companies to have such payroll cards. They are new and unique payroll solutions. These cards have become an important concern for companies. Companies having distributors, agents, employees, affiliates have largely benefited from these cards. A person does not necessarily need to have a bank account to obtain such a card. In fact, any individual on the payroll of a company can sign-up for such card.

Various activities can be outsourced by availing the services of a payroll debit card service provider. This way you can assign more time to concentrate on the core activities of your business instead of wasting time in lengthy payroll procedures.

These cards can be of great help to workers, who do not have a bank account due to various reasons. Such payroll solutions eradicate the need to prepare paychecks and decrease unwanted payroll expenditures. This is one of the major advantages of using these payroll services. The reduction in overhead costs due to hike in productivity is another benefit of these cards.

A payroll debit card safeguards your business against frauds. This helps to curb the charges that occur due to delayed payments. In fact, automatic payroll delivery promotes the growth of your business in a significant manner. A pay card is also a good way to abolish the time consuming process of payroll check writing and reconciliation.

An employer can safely, conveniently, and speedily transfer funds to the account of an employee with the help of these payroll solutions. Next, the employee can receive money without much trouble. Thus, this is the safest and the most efficient modes of payment that you can have to pay your employees.

A pay card is exactly similar to a phone card, that is issued by VISA or MasterCard. Employees can duly withdraw the amount deposited on their cards from an Automated Teller Machine (ATM), as and when they need.

Payroll services help employers by providing them a free direct deposit payroll solution. With various amazing features such as electronic bill payment, and money transfer options, payroll debit cards are receiving a global acceptance in a quick way. Hence, they have become the most preferred mode of salary payments for both the banked as well as unbanked employees around the world.

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