Payroll debit cards function as stored value cards. Employers of small companies use these cards to deposit the net salaries of their employees.
These cards function similarly to prepaid credit cards such as MasterCard and Visa, and offer attractive benefits for both, employers and the employees. Payroll debit card system is more cost-effective and convenient to use than traditional payment method involving the use of paychecks.
Payroll debit cards provide small companies with attractive payroll solution. They eliminate the need of paper checks and minimize the printing costs. By implementing payroll services involving usage of payroll debit cards, companies can save a significant amount of money spent in printing paper checks.
In addition, small companies wont have to pay a large sum of money that is usually paid as service charges while giving paper checks to the bank. These factors can save a lot of money and increase the profit margin of the company.
Payroll debit cards provide remittance facility, thereby enabling free transfer of funds to foreign locations. Small companies, which have their employees working in foreign countries can thus benefit largely from these cards as they can conveniently send money to their overseas employees. The employees can then use their payroll debit cards to receive money by visiting an ATM center.
Payroll debit cards are very beneficial for the employees of small companies. With these cards, employees do not have to stand in long queues to cash their paper checks. This can save employees' time and significantly increase the productivity of the company. Employees can also use their payroll debit cards in the same way as prepaid cards, for shopping.
Purchases made through payroll debit card don't require a signature. This minimizes the chances of any type of fraud. Payroll debit cards are relatively safe to use.
Many companies across the world have started issuing Payroll debit cards to their employees. Several small businesses in Europe, Malaysia, Singapore and Brazil have benefitted greatly from payroll services involving payroll debit cards.
These cards function similarly to prepaid credit cards such as MasterCard and Visa, and offer attractive benefits for both, employers and the employees. Payroll debit card system is more cost-effective and convenient to use than traditional payment method involving the use of paychecks.
Payroll debit cards provide small companies with attractive payroll solution. They eliminate the need of paper checks and minimize the printing costs. By implementing payroll services involving usage of payroll debit cards, companies can save a significant amount of money spent in printing paper checks.
In addition, small companies wont have to pay a large sum of money that is usually paid as service charges while giving paper checks to the bank. These factors can save a lot of money and increase the profit margin of the company.
Payroll debit cards provide remittance facility, thereby enabling free transfer of funds to foreign locations. Small companies, which have their employees working in foreign countries can thus benefit largely from these cards as they can conveniently send money to their overseas employees. The employees can then use their payroll debit cards to receive money by visiting an ATM center.
Payroll debit cards are very beneficial for the employees of small companies. With these cards, employees do not have to stand in long queues to cash their paper checks. This can save employees' time and significantly increase the productivity of the company. Employees can also use their payroll debit cards in the same way as prepaid cards, for shopping.
Purchases made through payroll debit card don't require a signature. This minimizes the chances of any type of fraud. Payroll debit cards are relatively safe to use.
Many companies across the world have started issuing Payroll debit cards to their employees. Several small businesses in Europe, Malaysia, Singapore and Brazil have benefitted greatly from payroll services involving payroll debit cards.
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Explore easy and low-cost ways to send money to any foreign country through a debit card.
