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Payroll Debit Cards – An Overview:

By Guest

Payroll debit cards, also termed as ‘stored value cards’, provide effective payroll solutions to small and medium business enterprises. Business owners and their employees can both benefit from these cards.

Payroll debit cards help company to save a considerable sum by eliminating the cost incurred in printing paychecks. This way, debit cards enhance the profit margin of the company.

In addition, payroll services that involve the use of payroll debit cards eliminate all the manual task associated with payroll system. This way, they build an automatic and effective system to upgrade payroll accounts.

Companies with employees working abroad can benefit from payroll debit card services. They enable companies to send money to employees working overseas. At the same time, employees can receive money by withdrawing their salary amount from the nearest ATM center.

Debit card payroll systems also help business owners to monitor the online money transaction process. The employees can also check their account balance over the Internet or phone.

Payroll debit cards can also act as a convenient payment alternative for employees of small businesses. In comparison to conventional payment methods, a payroll system that involves use of payroll cards doesn’t require the employees to pay extra charges to withdraw their salaries.

Payroll debit cards offer an effective alternative to cash. In case these debit cards are lost or stolen, employees can easily deactivate them in quick time to prevent any misuse. The corresponding company later provides them with a new card and the balance available in the previous payroll debit card is transferred into the new card. These cards are similar to prepaid cards and can be used for shopping similarly as prepaid credit card such as MasterCard and Visa.

Payroll debit cards have benefited many business organizations worldwide. Small business enterprises in Malaysia, Brazil, Singapore and Europe have profited from the payroll debit card system.

Discover convenient ways to send money through a payroll debit card.

categories: debit card,prepaid cards,payroll services,send money,receive money,payroll solutions,prepaid credit card,VISA

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Topics: Business | No Comments »

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Article Citation
MLA Style Citation:
Guest, Guest "Payroll Debit Cards – An Overview:." Payroll Debit Cards – An Overview:. 4 Jul. 2010. uberarticles.com. 21 Dec 2015 <http://uberarticles.com/business/payroll-debit-cards-an-overview/>.

APA Style Citation:
Guest, G (2010, July 4). Payroll Debit Cards – An Overview:. Retrieved December 21, 2015, from http://uberarticles.com/business/payroll-debit-cards-an-overview/

Chicago Style Citation:
Guest, Guest "Payroll Debit Cards – An Overview:" uberarticles.com. http://uberarticles.com/business/payroll-debit-cards-an-overview/


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