More and more companies are discovering the benefits to using a debit card payroll system when it comes to their payment plan. A debit card offers payroll services that will save you more than just money on your annually employment expenses. Essentially, a debit card payroll services account allows you to direct deposit your employees pay check into their bank accounts. They can retrieve the money with their debit card or prepaid credit card.
Sure, there is the obvious benefit to debit card payroll solutions and that is you are not wasting hours every week (or bi weekly) writing checks. You can spend that Thursday evening on the couch instead of in the office putting your John Hancock to 400 different employee checks.
However, think about how debit cards can also benefit others involved.
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.
You are making it easier for your employees (and yourself). Every time you give your employees a check, it is up to them to head to the bank, pay the fee and cash the check. For those with families and engagements outside of work, this can be very frustrating. With direct debit, you are making it a lot easier for them to receive money without having to make that extra trip to the bank. This small gesture will go a long way in your employees eyes.
With debit card payroll services, you are doing your part to help your employees, Mother Nature, and, of course, your companys financial situation.
You are saving an incredible amount each month/year on employment payroll fees. Regardless of if you have 2 employees or 2,000 employees, cutting checks every second week is going to add up.
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. - 26221
Sure, there is the obvious benefit to debit card payroll solutions and that is you are not wasting hours every week (or bi weekly) writing checks. You can spend that Thursday evening on the couch instead of in the office putting your John Hancock to 400 different employee checks.
However, think about how debit cards can also benefit others involved.
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.
You are making it easier for your employees (and yourself). Every time you give your employees a check, it is up to them to head to the bank, pay the fee and cash the check. For those with families and engagements outside of work, this can be very frustrating. With direct debit, you are making it a lot easier for them to receive money without having to make that extra trip to the bank. This small gesture will go a long way in your employees eyes.
With debit card payroll services, you are doing your part to help your employees, Mother Nature, and, of course, your companys financial situation.
You are saving an incredible amount each month/year on employment payroll fees. Regardless of if you have 2 employees or 2,000 employees, cutting checks every second week is going to add up.
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. - 26221
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To ensure you get the best debit card payroll system, compare your options and review the pros and cons of all the payroll solutions offered by different processors.
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