Payroll debit cards are also known as stored value cards. They can be very useful for small companies and their employees.

Payroll debit cards provide remittance facility to small companies by enabling them to send money to their overseas employees. For this, companies do not have to pay a large amount of transfer charges. This way, payroll cards can help companies to save a considerable amount of money.

With a debit card payroll system, employees can not only monitor the online process of money transaction but also keep a check on the salary accounts of their employees. The employees of the small company check their card balance using Internet or telephone.

It is not mandatory for employees to hold a checking or savings account to withdraw money using these cards. As a result of this feature, payroll debit cards can be very beneficial for employees working overseas or on a temporary basis as they can easily receive money in any country without opening a savings account.

Unlike traditional payment methods, debit card payroll system does not require employees to pay a large amount of discount fees while withdrawing their salaries. Since carrying a payroll debit card is safer than carrying a large amount of cash, payroll debit cards can be a safer option for the employees. Besides, if this debit card is lost or stolen, employees can immediately get their cards deactivated. The company will issue them a new card and the balance of the previous payroll debit card will be transferred to the new card.

Since payroll debit cards function similarly to prepaid cards, employees can use them while shopping. Also, these cards are made in affiliation with reputed prepaid credit card brands such as MasterCard and Visa. Hence, they are accepted in most countries.

Several companies have reaped huge profits from the payroll services involving use of these cards. Various small businesses in Malaysia, Singapore, Europe, Brazil have benefited from the payroll solutions offered by these debit cards.

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