Learn How Debit Cards Can Save Your Business Time And Money.
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The debit card is probably one of the most convenient banking tools that have ever been invented. Its use in the business world is extremely under rated. Businesses can use a debit card to make major purchases without the hassle of wondering if the company will take personal checks.
With the large part the internet plays in our daily lives, where would businesses be without the trusty debit card? As convenient as credit cards are for online purchases, you're going to pay interest on every purchase you make. Debit cards, however, are only good for the amount of money you have in your checking or savings account.
If you are looking for a better way to control expenditures, the debit card is the answer. The bank will not allow you to spend more money on a purchase than is in your account. And a prepaid debit card allows you to send and receive money quickly and easily.
So what makes a prepaid debit card different from the regular cards? The prepaid debit card is accepted everywhere a regular card is used, the only difference is that you pre-load the card with a specific amount of money which then becomes the value of the card. Prepaid cards are often used for payroll services because it is easy to send money to employees.
Prepaid debit cards are great payroll solutions because they not only save the time it would take to write payroll checks but it also saves the expense of wire transfers, which can get quite costly over time. Time is money in any business and any time saved is money saved as well.
A company that employs ten people will be able to save a minimum of $2 per check each pay period. If they were paying bi-weekly, they would issue twenty-six checks per year for each employee. Allowing for the minimum amount of savings, $2 per check, the yearly savings would be $520. And that does not include any of the other banking fees, which could be saved.
Some banks may pass that savings on to their customers, which could result in a lower charge for banking fees. Debit card and prepaid debit card solutions can be the answer to payroll expenses for your business.
The more employees a company has, the more money that can be saved. Businesses can also use a prepaid debit card to send money to employees. Debit cards offer much more than convenience, they can save your business thousands of dollars!
With the large part the internet plays in our daily lives, where would businesses be without the trusty debit card? As convenient as credit cards are for online purchases, you're going to pay interest on every purchase you make. Debit cards, however, are only good for the amount of money you have in your checking or savings account.
If you are looking for a better way to control expenditures, the debit card is the answer. The bank will not allow you to spend more money on a purchase than is in your account. And a prepaid debit card allows you to send and receive money quickly and easily.
So what makes a prepaid debit card different from the regular cards? The prepaid debit card is accepted everywhere a regular card is used, the only difference is that you pre-load the card with a specific amount of money which then becomes the value of the card. Prepaid cards are often used for payroll services because it is easy to send money to employees.
Prepaid debit cards are great payroll solutions because they not only save the time it would take to write payroll checks but it also saves the expense of wire transfers, which can get quite costly over time. Time is money in any business and any time saved is money saved as well.
A company that employs ten people will be able to save a minimum of $2 per check each pay period. If they were paying bi-weekly, they would issue twenty-six checks per year for each employee. Allowing for the minimum amount of savings, $2 per check, the yearly savings would be $520. And that does not include any of the other banking fees, which could be saved.
Some banks may pass that savings on to their customers, which could result in a lower charge for banking fees. Debit card and prepaid debit card solutions can be the answer to payroll expenses for your business.
The more employees a company has, the more money that can be saved. Businesses can also use a prepaid debit card to send money to employees. Debit cards offer much more than convenience, they can save your business thousands of dollars!
About the Author:
Ready to save some mad cash? The debit card can help you do that and also save lots of of time. Find out more how to send money around the world.
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