This document summarizes the benefits of payroll cards for both employers and employees. It explains that payroll cards are prepaid debit cards that allow employers to pay all employees electronically without requiring a bank account. For employers, payroll cards can save money compared to paper checks and reduce check fraud losses. For employees, payroll cards eliminate overdraft fees, check cashing fees, and the need to pick up physical paychecks. The document also highlights convenience features of payroll cards like cash back, bill pay, and text alerts when pay is deposited.
2. What is a Payroll Card or Pay Card? Payroll Card or Pay Card A payroll card is a pre-paid debit card that employers provide to employees that do not have bank account so that the employer can pay all employees electronically, via direct deposit. It is not a credit card; it is a pre-paid debit card and requires no credit check or checking account.
15. Pay Cards can Save Employees Money too! To start, think about any overdraft feeyou have ever had? $35.00: The typical overdraft fee for one overdraft charged by the bank $5.00 -$20.00: The most common amount of money that is typically over drafted Never Pay for a $40 Sandwich Again Quality Providers of Pay Cards eliminate all over-draft fees by preventing overdrafts!
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17. Youwill not waste timecashing your check or withdrawing cash at the ATM
18. Youno longer have to pick your check upfrom work. Save Gas and Time.
27. Save the Environment Eliminate Checks… Save Trees Conserve Water Save Fuel and Energy Reduce Green House Gas If 20% fewer checks, bills and statements are produced and transported, we’ll cut greenhouse gases by 2 million tons per year. Find out the impactyour company can have by switching to a PayCard system with this Green Calculator. Source: Pay it Green, 2009.
28. About rapid! PayCard OUR MISSION: is to help companiesachieve a legally compliant 100% ePayroll programthat benefits companies financially, improves the lives of all company employees through quality benefit, and creates a more sustainable environmental model for payroll delivery.
29. A Product that Cares We value our cardholders and design our services and cardholder support to meet their specific financial needs. We listen to our cardholders, and have gained an understanding of what they value. We are passionate about providing a positive cardholder experience !
