It’s Noon on Friday, and you are about to walk out the door for a lunch meeting when your employee calls you from the road, “Boss, my pay didn’t hit the bank this week. I’ve got to have it right now!”
Now you are in a bind. The employee is 300 miles away, you are already late for your appointment, and you know it will take at least 30 minutes to go to the bank and wire money.
However, if you were utilizing payroll pay cards for employees, you could quickly correct this issue with a phone call to your PEO while driving to your appointment and never miss a beat in your day’s schedule.
This is just one example of the many ways in which using payroll pay cards for employees can make your payroll process run smoothly. To find out more ways this alternative payment method is useful, read below!
1. Employees Don’t Have to Wait to Access Their Money
In addition to giving you and your employees versatility for dealing with last minute payroll issues, our payroll pay card for employees program, we have the ability to instantly load funds onto the cards. Employees can also immediately withdraw the funds or use the card at any retailer, hotel, or service station. There is no wait or delay as they would have with a regular check.
For the employee in our scenario above, even though he has a bank account where his payroll is deposited, if he also had been issued a pay card the funds could be added to the card instantly. He wouldn’t have to wait for his bank to accept the money transfer and apply it to his account. Nor does he have to wait the two to five days for a new check in the mail.
This solution is a win-win for both employees and employers as it frees you up from having to scramble in a stressful situation, and it ensures employees won’t have to worry about a technical glitch preventing them from getting paid on time.
2. Payroll Pay Cards For Employees Offer Extra Benefits
Much like typical debit or credit cards, payroll pay cards for employees also come with their own extra benefits and promotions. For the employees, this is great because it also allows them to take advantage of the free features such as family cards, purchase rewards and spending reports without having to pay any annual bank fees as debit and credit cards usually charge.
Not to mention, there are are quite a few other benefits that come with utilizing this payment method.
Benefits associated with our payroll pay cards include:
- Mobile Access
- Text and Email Alerts
- Two-Way Text
- Expense Manager
Our pay cards also offer a Rewards Program with no fee enrollment which includes generous discounts for health insurance, roadside assistance, restaurants, entertainment, and more!
3. Saves Both Employers & Employees Money
Another benefit associated with our payroll pay cards for employees is that it saves both employers and employees money.
For employers, our pay cards reduce cost by freeing up your time. Instead of spending time trying handing out paychecks or monitoring bank transfers, you can focus your energy on other revenue-producing responsibilities.
Another way our pay cards save employers money is they reduce the actual cost of paying your employees by eliminating the need to purchase paper, ink for the printer, pay a delivery service, cover postage, the cost to replace a check, and more. The real cost of paying your employees goes well beyond just the payroll amount, and pay cards will help you reduce this amount significantly.
Employees will see the savings in pay cards almost immediately when they switch to this program. Not only will they no longer have to worry about pricey annual or quarterly bank fees, they also won’t have to worry about per debit transaction fee some banks are now imposing. Our payroll pay cards for employees also reduce the need to purchase money orders, thus eliminating the fees associated with this service.
4. Great For Travel and Per Diem Wages
If your business has employees who travel often, you will love how easy it is to use our payroll pay cards for employees to cover travel expenses and per diem wages. Instead of having to worry about reimbursement checks or having the money ready before your employee leaves, you can just load up the pay card with however much money he or she needs and they are ready to go.
You can also keep a small stock of our pay cards at your office to cover purchases made for the office, last minute payroll corrections, or to quickly replace a lost card.
