To implement a debit card payroll system, employers of small-scale companies need to open a central payroll account in a bank. They also need to issue payroll debit cards among all their employees. On the salary day, the employers can deposit the net salary in this account. The employers can then collect their salaries from this account by using their payroll debit cards.

Payroll debit cards are also known as ‘pay cards’ and can also be used by the employees who don’t posses a bank account. Normally, a single payroll card account is created in the name of an employer, who deposits the payroll funds of all the employees in the payroll account. The bank in which the centralized account is created, is in charge of all the money transactions and keeps a record of all the paper works and other functions such as deposits and withdrawals.

Payroll solutions involving the usage of payroll debit cards do not require the companies to spend money on printing paper-checks. This way, companies can save a considerable amount of money and boost their profit margin.

Through payroll debit cards, employees can easily access their salaries by visiting an ATM center. Employees can also use these cards to pay their bills in restaurants, hotels, gas stations, and other merchant establishments around the world.

Through a debit card payroll system, business owners can send money to their employees in any part of the world. Employees too can easily receive money from any country.

Payroll debit cards are also known as stored value cards. These cards work in the same way as prepaid credit cards. Hence, employees can use them in the form of prepaid cards such as Visa and MasterCard to pay their bills while shopping .

With payroll debit cards, employees don’t need to pay any kind of fees while collecting their salaries. By contacting the payroll vendor of the company, employees can also know their account balances.

These unique features of payroll debit cards can be very beneficial for both, the employers as well as employees of small business organizations. Many businesses in Brazil, Malaysia, Singapore and Europe have profited considerably by implementing debit card payroll services.

Employees and employers of small-scale businesses can profit considerably from the multiple benefits offered by a prepaid card program or debit card program.