roi

Calculate your one-year “Return On Investment” for adopting the
PaycardUSA MasterCard® Payroll Card Program.

How much will your company benefit financially over the course of one year by switching to the PaycardUSA MasterCard Payroll Card Program?
 

ROI Calculator

Paper Check Costs And Payroll Card Savings Calculator

Paper Check Costs Paycard USA Costs Paper Check Costs Paycard USA Costs
Pay Cycle Bi-Weekly Bi-Weekly Weekly Weekly
Distribution of payroll
Number of Employees 1,000 1,000
Yearly # of Checks 26,000 n/a 52,000 n/a
Cost of Check (1) $3.88 n/a $3.88 n/a
Direct Deposit Cost (2) n/a 0.10 n/a 0.10
Cost per Pay Period $3,880.00 $100.00 $3,880.00 $100.00
Annual Cost $100,880.00 $2,600.00 $201,760.00 $5,200.00
Lost/re-issued checks
Lost Check Replace Cost (3) $12.88 n/a $12.88 n/a
1 % of total checks 10.00 n/a 10.00 n/a
Cost per Pay Period $128.80 n/a $128.80 n/a
Annual Cost $3,348.80 n/a $6,697.60 n/a
Fraud Potential
Annual Fraud Potential (4) $3,466.67 n/a $6,933.33 n/a
Lost time (if applicable)
Hours per Pay Day Lost n/a n/a
Average Hourly Rate n/a n/a
Cost per Pay Period $0.00 n/a $0.00 n/a
Annual Cost $0.00 n/a $0.00 n/a
Total Annual Costs
Total Annual Costs $107,695.47 $2,600.00 $215,390.93 $5,200.00
Annual Savings (5) $105,095.47 $210,190.93

(1) Costs based on American Payroll Association study. Includes direct cost of check creation, distribution and administrative costs.
(2) Deposit costs to move money from employer bank to payroll processor or check issuer.
(3) Based on $9.00 stop payment cost plus duplication of the $3.88 check cost. ($9 stop payment amount is estimated on the low side.)
(4) Fraud potential is based on 6 fraudulant items for every 500 checks issued at $400 per fraud incidence.
(5) With a payroll card, an employer still has the DD cost but would not have the cost of check expenses.
PLUS ALL FRAUD POTENTIAL IS ELIMINATED