How to Minimize Employment Payroll Expenses With A Debit Card.

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 and cash checks and 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 and eliminate the extra time, effort and money of the check payment system.

Not convinced that a debit card payroll solutions service is right for your company? Below weve listed three benefits to using the direct debit that may change your mind:

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.

Furthermore, you are also saving money on paying your accountants overtime every second Thursday to ensure the checks are created as well as countless trees by switching to a paperless system.

With debit card payroll services, you are doing your part to help your employees, Mother Nature, and, of course, your companys financial situation.

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, and, furthermore, according to calculations by the APA and American Bankers, you can stand to save almost 20$ monthly and over $200 annually.

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.

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