Streamline Payroll with Cash Pay VISA: A Cost-Effective Solution for Employees
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Cash Pay VISA provides an innovative payroll payment alternative for employees, allowing instant access to funds without the need for a bank account. This solution eliminates costly check cashing fees and the inconvenience of paper checks. Employees can easily access their account information 24/7 and enjoy the convenience of a VISA card accepted at countless locations. In case of card loss, quick replacement and funds transfer through Western Union ensure minimal disruption. This option is beneficial for both employees and employers, cutting costs and enhancing security.
Streamline Payroll with Cash Pay VISA: A Cost-Effective Solution for Employees
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Presentation Transcript
Cash Pay VISA Card Payroll payment alternative for employees
What is Cash Pay VISA? VISA card for payroll payment alternative for employees that allows employees instant access to pay check without the expense of a bank account.
Advantages to employees Eliminates check cashing charges of $8-$20 or even as much as 15% of the check Eliminates waiting for the U.S. Postal service or internal pony to deliver paper check Personal information is more secure More convenient -accepted anywhere VISA is accepted Employee owns the card
Advantages to employees Account information is available 24 hours a day, seven days a week If the employee loses a card, the bank will Western Union money to employee and send a replacement card directly to them Employee can elect to get a paper statement monthly Employee can eliminate service charges on bank account by switching to card
Advantages for SPS Eliminates paper checks – costly @ $1.80 per check Eliminates replacement checks for lost, stolen, or mutilated checks Reduces cost of Postage Reduces potential for check fraud No cost to either Suffolk Public Schools or the Employee