BREAKING DOWN 'Seller's Market'. In a seller's market in commodities, the seller--because of the scarcity of underlying commodities or goods--is able to obtain better conditions for the sale, or higher prices. Conditional Offer. In general, an agreement between a buyer and a seller that an ...
At those averages, a small business of 20 employees would spend approximately $40 per pay period to issue paper checks, compared with $7 for direct deposit. Annually, the same company would spend $1,040 processing paper checks as opposed to $364 using direct deposit (assuming the employees are paid bi-weekly).
The market for payroll is competitive and reflects local market conditions. The basic service costs between $0.80 and $2.00 per check, plus a base account fee. The amount of the base fee depends on the pay period, with the less frequent payroll periods costing more. Over a year, however, less frequent payroll periods will cost less to maintain. Added services such as tax filing and direct deposit can cost between $4 and $9 per payroll period. With direct deposit, there is often a nominal transaction charge per check in addition to the base fee.