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Because the Skylight paycard program is 100% paperless, you can bring valuable benefits to your employees while eliminating not only high printing and processing costs, but other inefficiencies involved with payday as well.
The average cost to issue a paper check is between $2.87 to $3.15 per employee, per pay period, and the average cost of a printed wage statement is $1.90.* So, by using the Skylight paycard and Online Wage Statements, you can realize significant cost savings. The Skylight paycard also eliminates costs associated with lost, returned, or voided paychecks.
Skylight Financial is committed to helping you reduce your environmental impact. By switching to electronic payroll and wage statements, you can save trees, reduce clutter and greenhouse gases, conserve water, and save on fuel and energy.
Innovative, time-saving online tools developed by Skylight Financial allow you to manage your paycard programs efficiently and easily.
The Skylight paycard program allows you to load term pay quickly and easily, so employees leaving the company can be paid through their last work hour. Additionally, it is ideal for seasonal employees and independent contractors. The account remains open as long as it is in good standing.