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The payroll debit card is in effect another benefit you can offer employees. Check cashing fees approach 5% of net and open employees up to potential theft after cashing the check. Cash is not an attractive payment vehicle anymore. In order to pay bills and transfer money home the cash has to be converted to money orders and money transfers resulting in even more fees charged to your un-banked employees. Wouldn’t it be better to offer a fully branded Visa payroll debit card that employees can pay bills, transfer funds, and make purchases with?
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