The Visa Payroll card is easy to implement and provides a convenient, cost-effective alternative for disbursing salary and wages via traditional paper paychecks. Employees appreciate the convenience of getting paid electronically and your finance team will love the savings. Why pay more for paper checks?
Visa Payroll cards reduce payroll processing costs by eliminating check printing and processing. That includes reducing costly out-of-cycle checks and avoiding charges for reissued lost or stolen checks. Also, escheatment activities will be handled by the bank just like direct deposit. Calculate Your Savings with our handy calculator and see how much your company could save.
Visa Payroll streamlines payroll operations while it expands direct deposit to all employees — including those who do not have a personal bank account. And because payments are handled electronically, pay can be delivered on time, even under extreme circumstances that might shut down traditional paper check disbursement or mailings.
The Visa Payroll card gives employees faster access to their funds, increased control over finances, the convenience of worldwide acceptance, and security enhancements to keep their funds safe. Pay is instantly loaded onto their card — similar to direct deposit. They don’t need a bank account to have one, and it spares them check-cashing and money order fees. They can then use their card everywhere Visa debit cards are accepted or to get cash from ATMs worldwide.