Prepaid Payroll Cards
Transact24’s corporate prepaid card solutions are perfectly suited for recurring payments, such as in the case of payroll, staff incentives and business expenses, making our cards beneficial to any business that currently pay or reimburse their employees by either direct deposit or paper cheques.
For employers our solution can provide you with the opportunity to reduce the cost associated with processing your payroll, this is especially true in the case of companies where a high number of cheques are produced and distributed to employees.
For un-banked or under-banked employees, our prepaid payroll card solution removes the inconvenience and cost faced by employees who have to cash their cheques, whilst also providing them with a card that functions like any credit/debit card, allowing them to make purchased online, in-store or to withdraw cash from ATMs.
- Card-based pay out solution that is both easy to implement and can be integrated into your existing payroll solution
- Reduce costs associated with cash and cheque handling and management
- Reduce bank fees when paying employees
- Reduce the risk of fraud associated with payments mad via cash or cheque
- Reduce costs associated with lost cheque replacement
- Pay outs can be made to employees instantly or at a scheduled date
- Issuing a prepaid card to employees overseas is often cheaper than sending international CHAPS or SWIFT payments
- Employees can access funds immediately, rather than having to wait for transfers or cheques to clear
- Money can be transferred between cardholders instantly with card-to-card transfer functionality, at low costs
- Any of your employees can obtain a card, without the need for a bank account or previous credit history checks
- Un-banked or under-banked employees can make payments, in-store purchases or withdraw cash with ease
- Employees can manage their card account online, by SMS and over the phone via our IVR service, checking their account balance and transaction history
Learn more about prepaid payroll card solutions from Transact24
If you’d like to know more about our co-branded prepaid card solutions and how they can help you and your business, please get in contact with us. You can do so either by phone, using the contact form on our contact page, or by email.
Once we receive your message one of our prepaid sales representatives will be in touch within 24-28 hours to provide you with all the information and advice you need to move forward with our solution.
Getting started with Prepaid Cards from Transact24 is simple. Just drop us a line using our contact form and we'll be in touch to get the ball rolling