Paying Salespeople with a Payroll Card

Paying Salespeople with a Payroll Card

Paying Salespeople with a Payroll Card

A great way to do payroll for incentive employees is with a payroll card. Using a white label debit card program a company can pay large and small salaries and bonuses to employees throughout the country and throughout the world at the touch of a button. Your payroll department does not mail checks with this paperless solution.

Paying small and medium amounts of money to a large sales force can be a large overhead expense. This is especially true with door to door sales where the workforce is on an incentive payment system. Payment may dip to a few dollars one month and raise to thousands the next. The overhead of an inefficient, paper check based, system can be a burden to many businesses. A white label debit card system with an essentially turnkey computer solution interface with your current payroll system can cut out paper use, most likely cut down on time spent processing payroll, and get payment to employees in the blink of an eye.

This solution is especially useful when a company has employees working in foreign countries as the employee can take his or her payments in the local currency. For sales persons who travel between countries this is even more useful as the employee need not take all of his or her salary at one time and can save part for each currency.

Using a white label debit card system for payroll allows the company to pay instantly with a paperless system. The same system allows the payee to use the payroll card to take cash from an ATM machine, use for debit card purchases, or make payments online.

A white label debit card is card purchased in bulk by an individual or corporation for its own purposes. The can be co branded with an issuing bank or can just have the company name on it. Cards are typically purchased in lots of 1000. These cards are given or sent to employees and, usually, charged or loaded when the employee has received them. However, the company can have the cards charged with a standard balance when shipped. This later solution is useful when using the cards as incentive bonuses. Although cards can be made to be usable only once the more common use is recharge them when paying incentive salary, bonuses, expense reimbursement and the like.

Using payroll cards is very useful for pay employees who are constantly traveling, work far from the home office, work in foreign countries, do not have a bank that they do business with, and are often paid in quite small amounts. Payroll cards are very convenient for workers with these same conditions. The employee's "paycheck" is always in the employee's billfold or purse, ready to "cash" on payday. As ATM machines typically allow the user to check a card balance the employee can verify that he or she has been paid before trying to buy groceries. There is no fuss in trying to cash a paycheck after hours when money is needed and no problem asking the supermarket to cash a paycheck.

White label debit cards come as the common magnetic strip card or with a chip (an EMV card). Although the card itself will be imprinted with the company name or co branded with an issuing bank a major credit card company will be the processor. Thus these cards can be used virtually anywhere that credit and debit cards are accepted.

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