Payroll debit cards are often referred to as paycards. These cards work in the same way as prepaid credit cards. These cards can be very advantageous for both small-scale as well as medium-scale companies.
To start a debit card payroll program, the employer needs to set up a central payroll account for himself and distribute debit cards to the workforce. When an employer has to send money to his employees on payday, he simply has to "load" the paycard with the requisite amount.
Payroll debit cards also enable the employers to make payments to their employees on time. By using these cards, employees can easily receive money through an ATM using the payroll debit cards provided to them. With a debit card payroll system, employees can also check their account balances online. They can also receive the benfits of 24/7 payroll services.
These prepaid cards are safer to carry in comparison to cash. If the employee loses their debit card, they can easily get it replaced and its value restored.
These payroll debit cards can only be accessed by a PIN that is set by the employees. This significantly decreases the risk of any fraud.
Employees can use payroll debit cards in the same manner as prepaid credit cards such as Visa and MasterCard. They can use these cards in the form of prepaid cards to shop or withdraw money from any foreign location. By using these cards, employees can enjoy attractive bonuses and offers at retail outlets. They can also use these cards at gas stations.
Several small and medium-sized business organizations in the Middle East, Asia (Malaysia and Singapore), Europe (Germany), and America have profited a great deal by implementing payroll debit card programs.
To start a debit card payroll program, the employer needs to set up a central payroll account for himself and distribute debit cards to the workforce. When an employer has to send money to his employees on payday, he simply has to "load" the paycard with the requisite amount.
Payroll debit cards also enable the employers to make payments to their employees on time. By using these cards, employees can easily receive money through an ATM using the payroll debit cards provided to them. With a debit card payroll system, employees can also check their account balances online. They can also receive the benfits of 24/7 payroll services.
These prepaid cards are safer to carry in comparison to cash. If the employee loses their debit card, they can easily get it replaced and its value restored.
These payroll debit cards can only be accessed by a PIN that is set by the employees. This significantly decreases the risk of any fraud.
Employees can use payroll debit cards in the same manner as prepaid credit cards such as Visa and MasterCard. They can use these cards in the form of prepaid cards to shop or withdraw money from any foreign location. By using these cards, employees can enjoy attractive bonuses and offers at retail outlets. They can also use these cards at gas stations.
Several small and medium-sized business organizations in the Middle East, Asia (Malaysia and Singapore), Europe (Germany), and America have profited a great deal by implementing payroll debit card programs.
About the Author:
Small business organizations can implement payroll card programs involving the use of paycards to avail attractive benefits.
0 comments:
Post a Comment