B4B Legislation
This is a writing sample from Scripted writer Christina Evans
B4B Legislation
In April 2021, the Seimas approved draft amendments to Lithuania's Labor Code, which will forever change the way Lithuanians will be paid by their employers. As of 1 January 2022, employers will no longer be allowed to pay their employees with cash, but via payment transfer to a digital account. Ideally, this will prevent unauthorized payments being made in a 'shadow industry' and move Lithuania towards a cashless society.
An ideal solution moving forward would be for employers to take advantage of B4B's Prepaid Payment Cards for their payroll needs.
Prepaid B4B Payment Cards
B4B Payments provides a pragmatic approach to payment processing solutions, which can enable any size organisation to simplify their payroll and reimbursements and manage their expenses while at the same time offer an employee incentives and rewards program. When you choose B4B to handle your payroll affairs, you can streamline your entire payroll arrangement by distributing employee compensation through prepaid Mastercards.
B4B has created an adaptable prepaid card solution that will save your organisation money on fees and costs associated with the traditional payroll processes. These cards can be used for a variety of currencies: GBP, EUR, or USD. Our ground-breaking approach is especially useful for businesses with short term or temporary staff, so that you, the business owner, can meet the ever-changing demands of your workforce and not be constrained by limited means.
"We really appreciate how easy the B4B system is to use. Our staff get paid on time with minimum fuss, straight onto a Mastercard®, and their funds are available to use immediately. We highly recommend B4B Payments to anyone who needs to efficiently pay seasonal or unbanked workers." Carmen Chicea, Head of Administration, HPS Services, said.
The running fees are low. Processing costs associated with conventional paper payment methods can be costly, so we've ensured that businesses are free from these costs by eliminating load fees from our prepaid cards.
You can choose to have the cards delivered to your office or have the cards delivered directly to the cardholders' homes. You also have the option to bulk order cards so that you can issue them at the time of your choosing. You're in complete control when using our secure online management platform.
A Successful Case
The dynamic HR firm, Alpha Contract Solutions, provides civil engineering consultants and contractors to prominent projects throughout Europe. They required an intuitive, adaptable and secure payment system to help manage their payroll of UK contractors, many of whom were working abroad on temporary projects in other countries without local bank accounts. The award-winning and innovative prepaid Mastercard solution from B4B Payments ended up being the perfect fit for their business.
Before signing up to B4B Payments, ACS used traditional banking systems of international transfers across borders, but soon found that the process was time-consuming and tricky for both management and contractors in situ.
Sefton Hanley, Managing Director of ACS, said: "The service we received from banks was slow and expensive with payments sometimes taking days. We need to look after our people, and delays like that are unacceptable."
In ACS's case, the process became simplified. ACS contractors were issued with a prepaid card specially branded with the company logo and specially chosen colour scheme. No requirements were put upon the employee to fill out any extra paperwork, and each employee received an SMS notification whenever a payment had been made. Funds were loaded quickly and securely without issue. Employees could then use the card to purchase services and goods at wherever they chose, as payment is accepted both online and in-store alike.
Another advantage of branded prepaid B4B card
You always want to seek out ways to gain exposure for your company, and prepaid payment cards from B4B are a great way to advertise your brand. As you have full control over the colours and logo, you can design an eye-catching prepaid Mastercard that will surely get noticed when one of your employees is making a purchase in the wider world. This is a wonderful way of getting your branding seen by a larger audience without putting in a great deal of effort.
Get in touch
If you are interested in ordering prepaid B4B payment cards for your organisation, please get in touch with B4B Payments today. It is the best way to pay your employees quickly and efficiently while getting your brand noticed. Our team of experts are here to guide you through the process and explain all options to you to find the best option possible for your business.
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