Reduce Your Payroll Cost Today with the Payroll Card!

As costs continue to grow for organizations, everyone is looking for ways to cut expenses. Convincing your employees to use direct deposit is an excellent way to reduce some of these costs. It is estimated that about 60% of employees today take advantage of this option in the US. The problem is that some employees do not wish to use this feature or cannot. The payroll card can help you here!

The idea behind the payroll card is not new. The US military has used this method for paying soldiers in foreign countries for some time. The payroll card has money stored on it so that one does not have to deal with change or currency. The card is protected by a PIN number and the soldier can use the card almost anywhere. You could think of payroll cards as a prepaid card. Businesses have taken notice of this method and you can offer the card to your employees as an alternative to printing those checks.

Some employees don't use direct deposit because they do not have access to a bank account. The payroll card can give these employees the financial freedom they have lacked. The card can be compared to a debit card and has many of the same features except that you cannot be denied a card for any reason. Depending on the type of payroll card, the employee may have access to credit card features. Employees can make online payment and many other benefits that they did not have access to before.

The American Payroll Association (APA) estimates that employers can save about $2.00 on each employee per pay period by using the payroll card or direct deposit. This can mean a great deal of savings for your company over a long period. So check out the payroll card option and consider offering it to your employees. Not only will you save money for the company, but also you will be providing your employees with benefits they have not had without the payroll card!

Morris C.
Press Office
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