Posts Tagged ‘prepaid cards

Branded debit cards, or co-branded debit cards, are a powerful tool for companies to attract new customers, and strengthen their bond with existing customers. Co-branded debit cards are essentially an association between companies, banks and reputed credit card providers such as Visa and MasterCard.

With debit card payroll services, employers can monitor the money transaction process online by contacting the company’s payroll service provider. Employees too can keep a check on their accounts through either the Internet or phone. Thus, debit card payroll services can ensure complete transparency in the payment procedure.

Payroll cards, also commonly known as Paycards, work in a similar way to stored-value debit cards. Small businesses with an employee roster of 50-500 can heavily benefit from the payroll solutions provided by payroll debit cards.

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 store value cards or Paycards. These cards operate in the same way as prepaid credit cards. These electronic debit cards can serve efficient payroll solutions to both, small and medium-sized business enterprises.

In the last several years, credit card fees have been getting ridiculous. That’s because the credit card companies have had free reign to charge just about anything they wanted. They’ve also been able to hide much of it from us by burying the details in long-winded fine print and legalese.