The Debit Card And Payroll Relationship - A Match Made In Heaven.
More and more companies are discovering the benefits to using a debit card payroll system when it comes to their payment plan. A debit card offers payroll services that will save you more than just money on your annually employment expenses. Essentially, a debit card payroll services account allows you to direct deposit your employees pay check into their bank accounts. They can retrieve the money with their debit card or prepaid credit card.
You can minimize your employment pay roll expenses, reduce the time wasted cutting and signing checks, and, most importantly, stand to save a small fortune on monthly payroll fees.
You are helping the environment. Weve all seen the facts and figures about the state of the environment and we also all know that we should be doing something about it. By switching to a debit card payroll system, you are actually doing something about it.
The debit card payroll solutions can limit the amount of paper as the process is all electronic. You can choose to give out pay slips in paper or electronically which most technological-savvy employees prefer anyway.
You are making it easier for your employees (and yourself). Every time you give your employees a check, it is up to them to head to the bank, pay the fee and cash the check. For those with families and engagements outside of work, this can be very frustrating. With direct debit, you are making it a lot easier for them to receive money without having to make that extra trip to the bank. This small gesture will go a long way in your employees eyes.
Your employees will also be thrilled with this new system. They can receive money directly to their account which limits the need to visit the bank to deposit their check. They can simply withdrawal what they need and keep the rest in their savings account.
You are saving an incredible amount each month/year on employment payroll fees. Regardless of if you have 2 employees or 2,000 employees, cutting checks every second week is going to add up.
Now, perhaps you have a larger company with 300 plus employees and are considering the switch to debit card transactions. It will take you an entire day to write out 300 checks biweekly, not to mention it will end up hurting your wrist. By switching to a debit card payroll system, according to the APA and American Bankers, you may be able to cut back over $6,200 annually on check cutting costs, which equates to $520 monthly.
You can minimize your employment pay roll expenses, reduce the time wasted cutting and signing checks, and, most importantly, stand to save a small fortune on monthly payroll fees.
You are helping the environment. Weve all seen the facts and figures about the state of the environment and we also all know that we should be doing something about it. By switching to a debit card payroll system, you are actually doing something about it.
The debit card payroll solutions can limit the amount of paper as the process is all electronic. You can choose to give out pay slips in paper or electronically which most technological-savvy employees prefer anyway.
You are making it easier for your employees (and yourself). Every time you give your employees a check, it is up to them to head to the bank, pay the fee and cash the check. For those with families and engagements outside of work, this can be very frustrating. With direct debit, you are making it a lot easier for them to receive money without having to make that extra trip to the bank. This small gesture will go a long way in your employees eyes.
Your employees will also be thrilled with this new system. They can receive money directly to their account which limits the need to visit the bank to deposit their check. They can simply withdrawal what they need and keep the rest in their savings account.
You are saving an incredible amount each month/year on employment payroll fees. Regardless of if you have 2 employees or 2,000 employees, cutting checks every second week is going to add up.
Now, perhaps you have a larger company with 300 plus employees and are considering the switch to debit card transactions. It will take you an entire day to write out 300 checks biweekly, not to mention it will end up hurting your wrist. By switching to a debit card payroll system, according to the APA and American Bankers, you may be able to cut back over $6,200 annually on check cutting costs, which equates to $520 monthly.
About the Author:
To make sure you get the best debit card payroll system, compare your options and weigh the pros and cons of all the payroll solutions offered by various processors.