MANAGEMENT

Detailed explanation-1: -The most common methods of payroll payments to employees are direct deposit, prepaid debit cards or paper check.

Detailed explanation-2: -What is direct deposit? As it applies to employment, direct deposit is the electronic transfer of net pay from an employer’s financial institution to an employee’s personal bank account. This exchange takes place across a network called the Automated Clearing House (ACH).

Detailed explanation-3: -Unlike direct deposit, payroll cards don’t require your employees to open personal bank accounts. Because pay cards are prepaid and reloadable, your employees don’t have to worry about the fees associated with opening a bank account. Like direct deposit, employers don’t have to spend extra money on ordering supplies.