Payroll Card Program Overview

Payroll Cards Are The Modern Way to Pay

Top 10 Reasons Companies Use Payroll Cards

Reduce costs and increase revenues by eliminating paper checks
Automation of payroll delivery powers business growth
Increased productivity reduces overhead costs
Elimination of fraud safeguards business
Decreased expenses equate to hard dollar savings
Streamlines integration with other business operations
Expand worker benefits without any additional cost to company
Enhance business expansion since workers anywhere in the world are paid easily and quickly.
New tool to retain existing workers and recruit new ones
Correct payroll card implementation creates competitive business advantages

10 Reasons Workers Love Payroll Cards

Instant access to money means immediate gratification
Safe way to securely carry money
Eliminates worries about loss or theft
Acceptance assured regardless of credit history
Convenient to use at ATMs and point of sales locations worldwide
Easy money management through online cardholder portal
Eliminates problems associated with cashing paper checks
Quickly receive money anywhere in the world
Saves time and increases satisfaction
Receive money electronically, without needing a bank account

Employees Save Money with Payroll Cards

Payroll cards save employees up to $1318.00 per year by eliminating costly check cashing fees, money orders, and wire transfer services.

Employees who lack conventional bank accounts are presently paying fees between 3% and 8% (average is 5%) just to cash their paychecks. An employee making ten dollars an hour, about $20,000 per year, will spend over $1,000 a year just to cash their paychecks. Un-banked employees must also bear the cost of paying household bills with money orders rather than checks (the average is 2 money orders per month) which adds another $16.00 to their monthly expenses, or $192 per year.  The average cost of a checking account is $238.00 a year, but the average cost of not having one is $1,192 or five times as much. 

Most immigrant employees use wire transfer services to send money back home to support their families every month. To send $300 back to Mexico for example is around $15.00. Most workers send money every month at a cost of about $180.00 per year. Employees that have a payroll cards can send money home for a flat rate of $3 - a savings of $10.50 per transfer over wire service companies, saving up to $126 a year in wire transfer fees.  

NO COST TO EMPLOYERS

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