Three Benefits to The Debit Card Payroll Solution System. by Joseph Jefferson
Its a fact of life employees must be paid. If you own a business whether large or small you cannot get around this fact. However you can simplify the whole payroll process by choosing a debit card system. A direct debit payroll system eliminates the need to cut cash checks allows the money to be deposited directly into an employers account. They can retrieve the money through a debit card or a prepaid credit card eliminate the extra time effort money of the check payment system.
You can minimize your employment pay roll expenses reduce the time wasted cutting signing checks most importantly stand to save a small fortune on monthly payroll fees.
Regardless of how big or small your business is you can still stand to save more than just time with a direct debit card payroll system. For example if you have a small business with only 10 employees you can still stand to save on every single check cut. In fact according to the APA you can actually stand to save up to $20. 00 per month of $208. 00 per year on employee check cutting expenses.
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 $6,000 annually according to the APA.
You are making it easier for your employees & yourself . Every time you give your employees a check it up to them to head to the bank pay the fee cash the check. For those with families engagements outside of work this can be very frustrating. With direct debit you are making it a lot easier for them to receive money without having to make that extra trip to the bank. This small gesture will go a long way in your employees eyes.
Furthermore you are making it a lot easier on yourself as well. After all instead of spending your Thursday nights signing checks to deliver on Friday morning you can rest easy knowing that you can send money automatically through the debit payroll services.
Consider this if you are a small business with a payroll of only 10 people cutting checks every second week most likely only takes a night to do. However with direct debit you are not paying anything at all furthermore according to calculations by the APA American Bankers you can stand to save almost 20$ monthly over $200 annually.
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.
to make sure you get the best debit card epayarea. com payroll system compare your options review the pros cons of all the payroll solutions epayarea. com index. php target=payroll_services offered by various companies. Three Benefits to The Debit Card Payroll Solution System.
