Payroll ADULT CREDIT Debit Card
This card is issued to the employees of
organization. These cards work like one
stored-value card. Employer deposits
his/her net income on these debit cards,
this income can be withdrawn by
employees from whichever ATM he/she
wishes. Payroll debit-card comes along
with a brand-logo of Visa or MasterCard.
Issuers of payroll debit-card:
Payroll debit-card is also termed “pay
card” which can be given to the
employees without bank account. Single
payroll-card account can be opened in
employer’s name. Bank holding
centralized account usually monitors
transactions of payroll-debit-card
including withdrawals and deposits,
along with the other paperwork.
The features of the payroll-debit-card
are as listed here:
Firstly, you can obtain cash easily from
ATMs bearing MasterCard or Visa logo.
Secondly, this card is acceptable in gas
stations, hotels, restaurants, and other
Thirdly, immediate reimbursement and
termination of pay is acceptable.
Benefits exhibited by the Payroll
debit-cards are as listed here:
While making salary transfers, it is not
required that you possess a savings or
You can monitor card transfers and
balances online, which is indeed an easy
way of tracking salaries and wages.
No discounting amount is taken, when you
are cashing-in your salary checks
Check printed can be obtained at reduced
cost for employer
Few of the payroll-debit-cards provide
remittance service which enables fund
transfer freely to overseas
Thereby, you obtain freedom and safety
from carrying the cash
Few limitations also exist, they are:
The usage of payroll-debit-cards for
withdrawals and purchases is subjected
to a charge or fee, which is deducted
from balance amount on card by issuer.
Few payroll-debit-cards come up without
the pin number; this makes these cards
vulnerable to misuse by frauds.
Most of the payroll-debit-cards don’t
provide direct bill-payment service and
necessitate opening up of another
checking bank account for this.
These cards don’t offer the overdraft
facility and cards which offer this,
charge a huge sum for it.
This type of card-system is viable for
business with seasonal or temporary
employees. This card can be given to the
young employees also, who are not
qualified for direct-deposit
Some people stumble to go to bank and
others do not have admittance to obtain
checking account, so as to cash. For
several reasons, people needed
alternatives in order to cash their
payroll check for years. Most of the
corporations have come with an idea
which saves money and in turn assists
their employees. With the use of the
payroll-debit-cards, the issue of pay
checks becomes easier, people need not
worry about dropping their checks to
obtain cash, and company can also save
cash on check printing and distributing.
Indeed it is cost effective to upload
the pay checks to the debit card, rather
than distributing the paper-checks to
One can make use of the
payroll-debit-cards like any regular
credit and debit cards. The usage of the
payroll-debit-cards is more in
factories, where more than two hundred
employees are present.
In all, payroll-debit-cards are the
greatest asset to the any type of
business related to the employer and
one of our helpful account
representatives to assist you in the
high risk merchant account or
offshore merchant account for a
high risk merchant.