The following should help to explain our process and common questions we often address. THEY GET PAID. 1 Payroll by Credit Card charges your American Express Platinum for your company payroll plus our service fee. This typically happens 5 business days before your staff are paid. 2 Your payroll company (ADP, Ceridian, Wagepoint, etc.) removes the payroll amount from the Payroll by Credit Card bank account. This typically happens 2 business days before your staff are paid. 3 Your payroll company pays your staff with the Payroll by Credit Card bank account. YOU GET POINTS. 4 Lets say your company’s payroll for the above was $100,000. Payroll by Credit Card would have charged your American Express Platinum $102,750. That is your company’s total payroll plus 2.75% which is our fee. You would have earned 128,438 American Express Member Reward points ($102,750 x 1.25 points). 5 Payroll by Credit Card works with you to spend the points wisely so that you get much more value than what you paid for our fee. This is because American Express Member Reward points can be transferred to airlines, hotels and other partners for a premium. COMMOM QUESTIONS Q Why the American Express Platinum? A Payroll by Credit Card spent an enormous amount of time working out which card will give our members the biggest bang for their buck. The American Express Platinum not only generates the most points, it allows you to transfer those points to other hotel and airline loyalty programs for a huge premium. Payroll by Credit Card has a great relationship with American Express and will help you to get a card. Q Why do I need a payroll processor? A There has to be another “party” in between Payroll by Credit Card and you in order to play nice with various banking and use of proceeds regulations. Also, payroll processors are good for your business. They are inexpensive and save your staff time, money and mistakes. If you don’t have a payroll processor then Payroll by Credit Card has a great relationship with Wagepoint and will help you to get started. Q Is it worth it? A Absolutely! We have plenty of happy clients who are enjoying the points. Some are even EO members too. Contact us with any other questions or to get going. THEY GET PAID. YOU GET POINTS. pbcc.biz/eo-partnership/ 1.844-POINTS.NOW (764.6876) start@payrollbycreditcard.com
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