Yes, payroll can be funded through a credit card. Funds are transferred to the user’s bank account, allowing their existing payroll provider (like Paychex) to deduct payroll amounts from that account.
Online Check Writer is very affordable and charges only 2.90% of the payroll transaction and a $0.20 if the processing method is ACH and $10 for Wire. The receiver doesn't need to pay any fees.
A 2.9% processing fee applies to credit card payments. ACH payments are free, but if you choose same-day ACH or wire transfers, additional fees may apply (e.g., up to $40 for same-day ACH and $12 for wire transfers).
Standard Credit Card Fee: 2.9% processing fee. Same-Day ACH: Up to $40 max or 0.1%. Wire Transfer: $12 + 0.1%. Check Mailing (USPS): First Class (No tracking): $1.25 First Class (With tracking): $7.50 Priority: $12 FedEx Overnight: $29