Sales Organization Payroll Cards

Sept. 22, 2010 - PRLog -- If you have a sales organization with employees spread out over the entire country or all over the world payroll cards may be an ideal solution to the problems of payroll, expense reimbursement, expense accounts, and tracking employee expenses in general.

In today’s world many companies have a presence offshore. This presence may take the form of a branch office and it may take the form of single employees meeting clients, finding business, and providing business services at the four corners of the earth. Some employees may be contract workers, either temporary or ongoing, who will never see the “home office” and maybe never see another company employee. Getting these folks paid, covering expense accounts, and reimbursing expenses can be a real problem. Sending a check is a mistake when it may take a month and a half to clear, if the foreign bank will even take it. A simplified means of getting money to these employees is to use a payroll card.

A payroll card is a debit card. The company will purchase a “white label” card and co-brand with an issuing bank or simply purchase cards bearing only company name. Cards are purchased in bulk and can be purchased “charged” or “uncharged.” Charged cards already have a balance in their account and uncharged cards will need to be “charged” when the company wishes to use them. Likewise the company can send charged or uncharged cards to employees. Cards can be designed for single use in that they cannot be recharged or be rechargeable for repeated use.

A white label card will come with a turnkey operating solution. This computer software will integrate with the company accounting and payroll systems often reducing the workload of doing payroll. Payroll cards can be given or sent to employees. That is the only time the company will need to “send” something physical. When the card in is the employee’s hands the employer need never send and employee need never receive a payroll or reimbursement check.

When it comes time to do payroll the appropriate payroll amounts are entered into the system and each card is charged with the appropriate payroll amount. The employee is instantly paid! Because the money is in a bank account the payroll system works like a direct deposit system. However, the employee does not need to obtain a bank account or debit card. It is already in his hands.

Because many companies have employees in the far reaches of the globe this white label debit card – payroll card system allows the employee to take cash from ATM machines as needed, anywhere, and in the local currency. The same card can be used to make payments and transfers online. It can be used for point of sale anywhere that credit and debit cards are accepted. This solution is ideal of employees who may not have a bank account as it allows the employee to leave money in the card account until needed.

Although the white label payroll card will imprinted with the company’s name or that of the company and a bank it will still be processed by a major credit card processing company. As such a payroll card will typically be accepted anywhere on earth.

Payroll cards can be used for a variety of purposes besides paying salary. A sales organization with employees and contract workers spread out over a wide area can distribute more than one card per person. One can be used for salary. Another can be used for point of sale expenses such as car rental, airline fare, hotels, and restaurants. A card can also be distributed for an expense account. In this case the card may be charged with a sufficient amount for each day “on the road.” The employee can use the card as needed but not exceed the expense limit. In addition the company will have a clear record of expenses stored in its accounting/payroll system courtesy of the white label debit card turn key software.

If you have employees working in the far corners of the earth consider a white label debit card payroll system. It may well cut down costs, save time, and get rid of a lot of headaches.

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