5 REASONS WHY USING PREPAID PAYROLL CARD IS THE BEST ALTERNATIVE TO TRADITIONAL PAYROLL METHODS

A highly challenging task for businesses these days is handling payroll activities. From dealing with the paperwork and the complex procedures to facing the risk of cheque fraud on a regular basis, the inefficiency that traditional cheque payments bring are considered to be inconvenient and are a burden to any accounting team. These reasons, amongst others, are why businesses are switching to prepaid payroll cards as their primary payroll solution.

Prepaid payroll cards work just like a debit card issued from a bank. With it, employers can pay salaries directly to employee’s cards on payday easily. A number of key benefits of using prepaid payroll cards exist. Here are a few:

1 Simplified Procedures

Payroll can be a hugely time consuming task for businesses. The practice of paying employees their contracted salary through loading funds onto their prepaid payroll card electronically greatly simplifies and cuts-down on the work load and time cost. After each payroll cycle, receipts can be issued. This means that all the traditional hassle with regards to accounting activities are no longer applicable.

More at: http://www.expert-insurance.net/5-reasons-using-prepaid-payroll-card-best-alternative-traditional-payroll-methods/

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