17 May The Benefits of Using Payroll Debit Cards to Pay Your Employees
Payroll Partners strives to offer our clients payroll services that are customized to fit their individual needs. Clients can choose to pay their employees with paper checks, direct deposit, and even with payroll debit cards.
Using a bank account for standard direct deposit pay may not always be an option for some employees, and instead of using paper checks, you can offer them a payroll debit card. They will still have the benefit of fast, reliable delivery of funds and it allows you as the employer to save money on printing and postage fees.
Payroll debit cards are free to the employer and easy to use for the employee. Once the card is issued to the employee, it is electronically reloaded every payroll. Just like with direct deposit, employees with payroll debit cards no longer have to be physically present at their place of employment on payday. There’s no need to carry cash around, and once the money is on their card, the employee can use it like a regular credit or debit card to withdraw funds at an ATM, make a purchase and get cash back and even pay bills online!
Another benefit of using a payroll debit card instead of paper checks or cash is the added layer of security. Payroll debit cards are backed by the FDIC and the funds are PIN protected so if a card is lost, the funds can still be accessed or recovered. There is also comfort in knowing that the funds automatically go to the payroll debit card instead of a paycheck that may get lost in the mail or possibly end up in the wrong hands.
For employee and employer, payroll debit cards offer a bank-free and paperless solution that is secure and easy to use. If you have more questions and/or are interested in using payroll debit cards for your employees, contact us today for more information.
April Reeves, Social Media Editor