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.
However, think about how debit cards can also benefit others involved.
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.
Furthermore, you are also saving money on paying your accountants overtime every second Thursday to ensure the checks are created as well as countless trees by switching to a paperless system.
Furthermore, you are making it a lot easier on yourself as well. After all, instead of spending your Thursday nights signing checks to deliver on Friday morning, you can rest easy knowing that you can send money automatically through the debit payroll services.
There are no processing check fees and no annoying bank lineups every Friday evening.
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.
However, think about how debit cards can also benefit others involved.
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.
Furthermore, you are also saving money on paying your accountants overtime every second Thursday to ensure the checks are created as well as countless trees by switching to a paperless system.
Furthermore, you are making it a lot easier on yourself as well. After all, instead of spending your Thursday nights signing checks to deliver on Friday morning, you can rest easy knowing that you can send money automatically through the debit payroll services.
There are no processing check fees and no annoying bank lineups every Friday evening.
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.
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To ensure 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 companies.
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