Payment gateways have been around for a while. Not only are they known for the speeds at which they help transfer money but also for the security they provide for customer’s data. Today people use payment gateways to pay for pretty much everything, including rents.
But how about using them to pay salaries? Technically it’s possible to use payment gateways to pay salaries but not many use it due to several reasons. However, almost all companies use corporate bank accounts to pay salaries because that’s how things have worked and because it’s easy to maintain records.
Although corporate bank accounts provide a host of benefits, they may have certain limits when it comes to using internet banking. (Read our article on What is a Payment Gateway and How Does it Work?)
Here’s a list of challenges that corporate internet banking face:
How Can Salary Payment Gateway Help?
Payment gateways like KredPay, unlike online banking or other banking platforms, have no limits, whatsoever. Plus, they are also as safe as it can get. Think of all the payment gateways that operate currently and you know how safe they are with their customer data.
Now imagine having a salary gateway integrated into your HRMS account. Sounds easy, isn’t it? Well, it’s easier now to integrate the salary payment gateway to the HR tool with KredPay which is built into the Kredily HRMS solution. It makes it not just easy for you to transfer salary to your employees in an instant but also in a very secure way. KredPay allows safe salary payouts from any bank account to your employees’ bank account with just a single click.
Advantages of Salary Payment Gateway