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Payroll cards save employers money because no paper or postage is required, eliminating some of the cost. A payroll card deposit costs about 35 cents, instead of the $2 it requires to issue a ...
Payroll cards may save you money, but–even though they’re a better deal than check-cashing services–they come with a lot of extra fees for your employees.
Most payroll cards don't require an employee to have a bank account. But that means employers, not employees, control the selection of the card -- and its accompanying menu of fees.
Several of his employees do not have checking accounts and have complained that they have to use check-cashing providers to actually receive their wages. Frank is thinking of implementing a payroll ...
Payroll cards are particularly appealing for people who don’t have a bank account, due in large part to the predatory fees charged by check cashing companies.With a payroll card, an employee can ...
Business credit cards provide a convenient way to pay for routine business expenses, and you could even earn money-saving rewards. You may decide to extend credit card access to your employees.
The use of pay cards (i.e. prepaid payroll debit cards) to pay employee wages has come under increased scrutiny in recent weeks. One current controversy over pay cards stems from a class action ...
On June 7, 2016, Connecticut Governor Dannel P. Malloy signed into law a new statute authorizing employers to use payroll cards to pay employees.
A recent story in this newspaper told of the bad press that prepaid payroll cards have gotten lately and the effect this has had in New Hampshire, where a bill to restrict their use is being ...
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