Sunday, October 4, 2009

Benefits Of Payroll Debit Cards:

By James Green

The functions of Payroll debit cards are similar to that of a prepaid credit card. These cards offer attractive payroll solutions. Small businesses (consisting of 50-500 employees) and businesses having seasonal or temporary employees can consider using Payroll debit cards for their payroll services.

Payroll debit cards have benefited several MLM and Forex companies, insurance firms and trade organizations based in Asia, Brazil, Europe, Malaysia and Singapore. These debit cards eliminate cost incurred in printing supplies and paper checks and thereby reduce the payroll processing cost. Payroll debit cards offer remittance facility for companies with overseas employees. Through this, companies can send money to their employees in more convenient and inexpensive way.

Payroll debit cards allow employers to check card balance of their employees and monitor their online financial transactions. This will help the employers to keep a track record of the employees' salaries. Payroll debit cards can contribute heavily towards increasing business prospects of a company.

These cards are accepted in almost all the business establishments like restaurants, hotels, gas stations, and many other business outlets all over the world. Payroll debit cards are very beneficial for employees without savings or checking accounts. Besides, employees do not have to pay any kind of bank fees while cashing their salaries. They can receive money simply by visiting the nearest ATM center accepting MasterCard or Visa. With payroll debit cards, employees do not have to wait in long queues to cash their checks.

Payroll debit cards have made the money transfer process much easier. With payroll debit cards, you can easily transfer money to any foreign without having to pay any extra charges as transfer fees.

The biggest advantage of using payroll debit cards is that it provides you with security and safety since you need not have to carry cash. Thus, these prepaid cards are advantageous for both, the employers as well as employees. - 16890

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4 comments:

Daniel Colin said...

Hello friends,

Payroll debit cards are better alternatives to conventional payment methods that depend on use paper checks for payroll process. Payroll debit cards offer remittance facility thereby offering free transfer of funds overseas. Thus, small companies having overseas employees can benefit largely from such cards. Thanks...

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marcos bakerm said...

Compliance happens to be one of your biggest benefits that you will see when you decide to outsource payroll

marcos bakerm said...

Compliance happens to be one of your
biggest benefits
that you will see when you decide to outsource payroll

Kakovostna Okna said...

Thank You for the interesting post!

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