The Debit Card And Payroll Relationship – A Match Made In Heaven.
Are you a business owner looking for a way to reduce the time and the fees spent every two weeks on payroll? Your employees need to be paid, but there is a much simpler option to cutting and cashing checks fortnightly- its called a debit card. Thats right. With a debit payroll system, you can automatically send money to your employees through their bank accounts. They can retrieve the money the next day (or often the same day) through a debit card or a prepaid credit card. Its that simple.
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.
- You are helping the environment. Weve all seen the facts and figures about the state of the environment and we also all know that we should be doing something about it. By switching to a debit card payroll system, you are actually doing something about it. 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.
Imagine what this means for a larger company, with, say 300 employees. Instead of spending hours signing each check before sending it out to your employees, you can use a direct debit service where the money is automatically transferred. In check cashing fees alone, you can stand to save more than $500 monthly or $6,000 annually, according to the APA.
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.
With debit card payroll services, you are doing your part to help your employees, Mother Nature, and, of course, your companys financial situation.
For a smaller company of say, 10 employees, switching from checks to direct debit can save you about $20.00 per month of $208.00 annually, according to the APA.
For a larger company of, say, 300 employees, switching to a debit card payroll solutions can save you up to $6,200 annually or $520 per month. With a debit card, you will have thousands of extra dollars to spend as you see fit.
