Visa: service transfer of salaries

2020: Start of service

On August 4, 2020 Visa announced start in Russia of service for transfer of salaries to cards of any banks. As the partner of payment system in this project "Yandex.Cash" acted.

The new solution is available to any company connected to "Yandex.Cash". To receive money from the employer, the employee needs to enter the card number on the page of service, to receive unique ID number and to transfer him to accounting of the company. The employer collects ID employee numbers, fills up for the necessary amount the uniform account for salary transfer, loads the register of payments into a personal account of "Yandex.Cash" and presses the Make Payment button. Money arrives on cards of employees in a few minutes, founders of service claim.

Visa started service for transfer of salaries to cards of any banks in Russia

Service allows to transfer salary in any bank without formation of payment orders at the expense of what labor resources and finance costs of clients are saved, noted in Visa. Also the possibility of batch processing of employee benefits whose Visa cards are open in different banks and also the high speed of transfer of money for accounts of employees opens.

As the director of the department of commerce of Yandex.Money Oksana Korobkina notes, this project will promote solution of the problem of so-called salary slavery".

Many employers have in staff which want to receive the salary on the usual card, but not to release new in that bank where the company has a salary project. It is not always convenient for business: transfers to external cards run to the companies into money, payment orders leave some once a day. The new service of salary payment from "Yandex.Cash" and Visa will help to organize process quicker and cheaper and to make payments when it is necessary — Korobkina considers.

No payments undertake connection to service, but transfers will be assessed with the commission  of 0.5%, but it is not less than 30 rubles.^[1]

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