Increase Your Business And Your Profit With Debit Cards.
The debit card is probably one of the most convenient banking tools that have ever been invented. Its use in the business world is extremely under rated. Businesses can use a debit card to make major purchases without the hassle of wondering if the company will take personal checks.
With the large part the internet plays in our daily lives, where would businesses be without the trusty debit card? As convenient as credit cards are for online purchases, you're going to pay interest on every purchase you make. Debit cards, however, are only good for the amount of money you have in your checking or savings account.
The debit card is an excellent way for businesses to not only know how much money they're spending but to also control the spending. After all, you can't spend what you don't have. They make it easy to send money as well as receive money, particularly when you're using a prepaid debit card.
How does a prepaid debit card work? Simple, it works exactly the same as a regular debit card, except that it is not attached to your account. It needs to be pre-loaded with a specific amount of money, which then becomes the value of the card. Some payroll departments find prepaid debit cards an easy way to send money too!
Prepaid debit cards can save a business the time and expense of writing payroll checks. Save money on employee hours, and get the payroll done on time, every time. And your employees are happy because the money is in their account as soon as the transaction is completed.
A company that employs ten people will be able to save a minimum of $2 per check each pay period. If they were paying bi-weekly, they would issue twenty-six checks per year for each employee. Allowing for the minimum amount of savings, $2 per check, the yearly savings would be $520. And that does not include any of the other banking fees, which could be saved.
A simple wire transfer could cost the bank an average of $10 each. Based again on ten employees, the bank could save $2,600 per year on transfers alone. Savings, which the bank may be able to pass on to your business! So, it becomes clear how a debit card or a prepaid debit card can save money when they are utilized for payroll.
The more employees a company has, the more money that can be saved. Businesses can also use a prepaid debit card to send money to employees. Debit cards offer much more than convenience, they can save your business thousands of dollars!
With the large part the internet plays in our daily lives, where would businesses be without the trusty debit card? As convenient as credit cards are for online purchases, you're going to pay interest on every purchase you make. Debit cards, however, are only good for the amount of money you have in your checking or savings account.
The debit card is an excellent way for businesses to not only know how much money they're spending but to also control the spending. After all, you can't spend what you don't have. They make it easy to send money as well as receive money, particularly when you're using a prepaid debit card.
How does a prepaid debit card work? Simple, it works exactly the same as a regular debit card, except that it is not attached to your account. It needs to be pre-loaded with a specific amount of money, which then becomes the value of the card. Some payroll departments find prepaid debit cards an easy way to send money too!
Prepaid debit cards can save a business the time and expense of writing payroll checks. Save money on employee hours, and get the payroll done on time, every time. And your employees are happy because the money is in their account as soon as the transaction is completed.
A company that employs ten people will be able to save a minimum of $2 per check each pay period. If they were paying bi-weekly, they would issue twenty-six checks per year for each employee. Allowing for the minimum amount of savings, $2 per check, the yearly savings would be $520. And that does not include any of the other banking fees, which could be saved.
A simple wire transfer could cost the bank an average of $10 each. Based again on ten employees, the bank could save $2,600 per year on transfers alone. Savings, which the bank may be able to pass on to your business! So, it becomes clear how a debit card or a prepaid debit card can save money when they are utilized for payroll.
The more employees a company has, the more money that can be saved. Businesses can also use a prepaid debit card to send money to employees. Debit cards offer much more than convenience, they can save your business thousands of dollars!
About the Author:
Want to save some mad cash? The debit card will help you do that and also save lots of of time. Find out more how to send money worldwide.