Pay Cards

The simplicity of direct deposit offers many advantages to employers that prefer not to issue physical checks. One of these advantages to direct deposit is that it saves on the check printing and delivery process. Another significant advantage is that since the money is electronically deposited, the employees need not be concerned about obtaining cash or leaving the work premises seeking to cash their checks. However, the issue with direct deposit is that some employees may not have bank accounts, or, for reasons of culture, they just want cash.

B2E can support the employer's direct deposit process by facilitating the use of pay cards, also known as pre-paid debit cards. Instead of — or in addition to — issuing direct deposit checks, B2E can provide pre-paid debit cards or pay cards to an employer loaded with an employee's weekly paycheck. These pay cards can be used anywhere a credit card is accepted as long as funds remain on the pay card. They may also be used at any ATM machine to withdraw cash.

These pay cards — pre-paid debit cards — are different than a credit card in that an employee can not make purchases unless money exists on the card. The employer pays nothing for this service and employees pay a one-time subscription fee of $9.95. Each payroll cycle, the pay card is automatically replenished with the week's wages and the money is available to the employee at 12:01am on payday.

We may be the answer some companies are looking for to finally transition their unbanked and self banked employees from checks to debit cards. Listed below are the reasons that make B2E Pay Card services unique:

B2E Pay Cards are especially beneficial for employees who are paying high fees to wire and transfer money. Stats show that on average, un-banked laborers spend $60 each month just to wire money to a family member in another country. And, B2E Pay Cards are a much safer solution for employees than carrying a week's worth of pay in cash.

Consider adding B2E Pay Cards to your business portfolio. Call B2E at 1-888-567-1252 for more information or contact us.

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1.888.567.1252