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Reduce
payroll costs with Mint
Mint Payroll Cards are an innovative payment solution that helps
businesses increase efficiencies, reduce payroll costs, and build
employee loyalty. It's the ideal alternative to cash or traditional
payroll checks.
Payroll Cards
Mint's payment platform offers a simple, cost effective solution in the
handling of payroll disbursement to employees that do not have bank
accounts, which are necessary for direct deposits. Payroll Cards also
present a cost effective alternative to issuing paper checks to
employees.
There are approximately 150 million wage earners in the U.S., with a
significant portion of this group that are "unbanked," or financially
underserved. With an estimated 18 million households in North America
that do not have a bank account, many employees have difficulty
accessing their pay without resorting to high cost check cashing
services most commonly called "Payday Loans."
Simple for Companies
If your organization relies on mobile, contract, short term, seasonal
or casual labor, Payroll Cards can eliminate unnecessary operational
costs to your company. Mint can establish reloadable card programs for
on-going payroll.
Employee Convenience
The Mint Payroll Card is a reloadable prepaid MasterCard - it is not a
credit card. Each pay period, your employee's pay is automatically
loaded onto the card and available on that day, much like direct
deposit. Payroll Cards can be used by employees anywhere in the world
that MasterCard® is accepted. Payroll Cards can also withdraw
cash from ATM machines worldwide where the MasterCard and
Cirrus® logos are displayed.
Safe and Secure
Mint Payroll Cards are protected by MasterCard's
Zero Liability Policy. .
Payroll Card Benefits:
Mint Payroll Cards offer employees the convenience of a pre-paid card
(for Internet purchases, hotel rentals and travel to name a few), and
keep your organization payroll processing costs down.
Here are a few of the benefits of using Mint Payroll Cards:
- Give employees the option of carrying a
Payroll Card that allows them consumer flexibility; use the card to
travel, or purchase products on the Internet
- Reduce administrative payroll dispensing
costs by eliminating check printing
- Avoid the process of reissuing lost or
stolen checks
- Employees can save costly check cashing
fees
- Reduce or eliminate costly out-of-cycle
check printing
- Expand your company's direct deposit
program to all employees-including those who do not have a bank account
- Employee pay is automatically available
and accessible
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Overview