For people that don’t make use of payroll services, they can always use the prepaid payroll cards as an alternative. These cards are much better and safer than the paper paychecks. More and more businesses are starting to consider this as another payment method for wages. For those who don’t know much about these prepaid payroll cards, here is some more information: http://www.iofmpaymentssummit.com/choosing-top-payroll-software-small-businesses/
What are the prepaid payroll cards?
Normally, when companies are paying the wages of their employees, they are using paychecks that the employees are paying within their bank accounts. However, this is potentially hazardous. Now, there is a better option that businesses and payroll services in Australia is using.
This is the prepaid payroll cards. With these cards, you basically upload the amount due to your employee to the card. They then take the card and transfer it directly into their bank accounts. This is much safer for the businessman and for all the employees. There are less change that the paycheck can be stolen or lost. This is also a cheaper way of paying wages or salaries to employees. Most business owners prefer this option above the paychecks or even the transfer into the employee’s bank accounts.
Some of the benefits of using the prepaid payroll cards
There are many different reasons why people and payroll services like payrollserviceaustralia.com.au paying wages and salaries with a prepaid payroll card.
The first benefit for the business owner is the fact that this is a lot cheaper to buy and upload the wages to the prepaid payroll cards than getting paychecks and writing them out to their employees.
There are also a lot less risks in forgery and if the paycheck book is stolen, the business owner can lose a lot of money. It is a lot easier to use the prepaid payroll card and to upload the money directly onto them. For the employee it will cost less to get the money into their accounts and they have less chance of losing their salaries and wages when someone is stealing the paycheck. This can happen so easily.
Prepaid payroll cards versus paycheck: which is best?
Now that you know more about the prepaid payroll cards that payroll services in Australia and companies are using, you might want to ask which one stays the best: the prepaid card or the paycheck. The answer is really simple. The prepaid payroll card is much easier and cheaper to use for employer and employees. And, it is a lot safer for both parties. So, it might be best to switch from paychecks to prepaid payroll cards. for further click here.
Prepaid payroll cards are something still relatively new and there are a couple of businesses that are still wondering if this is the best method of payment. This is a really easy way of paying wages and salaries to employees without any risks for you the employer, and all your employees. You can ask the payroll service that you’re using to pay via the prepaid payroll cards.