By John Smith_
Payroll debit cards are also referred as Paycards. These cards work in the same way as prepaid cards. Payroll solutions involving the use of debit cards can prove very beneficial for small business establishments with 50-500 employees. Debit card payroll services cut down the administrative expenses of small businesses.
Through a debit card payroll system, employers of small business organizations can send money directly into their employees’ accounts. Besides, they can monitor the online transaction process.
Employers can also check the employees’ salary accounts. The employees can also check their account balance through Internet or phone.
The debit card payroll system also negates the use of paper checks, thereby reducing a significant amount of money associated with printing paper checks. With payroll debit cards, employees need not pay any surcharge fees, when withdrawing money from their accounts.
Payroll debit card system can prove immensely beneficial for businesses, which have employees working overseas or on a temporary basis. It enables such businesses to send their employees’ salaries to any foreign nation.
The employees too can receive money their salary directly in their accounts. They can use their debit card to withdraw their salary.
Payroll debit cards work in the similar manner as prepaid cards. Thus, employees can use these cards in the same way they use a prepaid credit card such as MasterCard and Visa. In addition, debit card payroll service doesn’t require the employees to stand in long queues. They can obtain their salaries by visiting an ATM center.
Thus, a payroll debit card system is useful for both small business and their employees. Several business around the world have greatly benefited from using payroll debit card system. Businesses from Malaysia, Europe and Germany have reaped tremendous benefits by implementing debit cards payroll services.
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MLA Style Citation:
Smith_, John "Understanding The Advantages Of Payroll Debit Cards:." Understanding The Advantages Of Payroll Debit Cards:. 21 Jun. 2010. uberarticles.com. 24 Aug 2015 <http://uberarticles.com/business/understanding-the-advantages-of-payroll-debit-cards-2/>.
APA Style Citation:
Smith_, J (2010, June 21). Understanding The Advantages Of Payroll Debit Cards:. Retrieved August 24, 2015, from http://uberarticles.com/business/understanding-the-advantages-of-payroll-debit-cards-2/
Chicago Style Citation:
Smith_, John "Understanding The Advantages Of Payroll Debit Cards:" uberarticles.com. http://uberarticles.com/business/understanding-the-advantages-of-payroll-debit-cards-2/
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