subject: Effective Payroll Services Through Payroll Debit Cards: [print this page] Payroll debit cards offer cost efficient payroll solutions to small businesses having 50-500 employees. These cards are referred to as electronic payment cards. These cards can boost business prospects of small business organizations significantly.
To implement payroll services employing use of debit cards, employers are required to create a centralized payroll account in a bank and distribute payroll debit cards to all employees. On payday, employees receive salary when employers send money directly to employees' payroll account. Employees can withdraw their wages/salary by using the payroll debit cards. A debit card payroll system is helpful in ensuring that every employee of the organization receives the full amount of his salary on time.
Small businesses can lower the administrative costs by employing a debit card payroll system. Debit card payroll system make use of paper checks obsolete and small businesses can make huge savings as they do not require to spend money on printing paper checks.
Employees do not need to have an account in bank to withdraw money using payroll debit cards. Therefore, payroll debit cards are beneficial to businesses that have employ young and part-time employees who don't have a saving account in bank.
Payroll debit cards offer convenience. Employers can keep a track of their employees' salary accounts through payroll service provider.
Payroll cards are beneficial to employees of the organization as well as employers. Employees can get money from any country of the world through these cards. They need to visit the nearest ATM center to get the money.
Payroll debit cards operate in similar way as prepaid cards such as Visa and MasterCard. Hence, employees just like prepaid credit cards can use these payroll cards to pay shopping bills.
Thus, payroll debit cards provide advantages to employees as well as employers. A debit card payroll system has proven effective for many small business entities located in Malaysia, America and Europe.
