If your employees don’t have access to a bank account or you have a high turnover of temporary or contractual staff, there is a cheaper and simpler method than paying them with cheques or cash, that benefits both you and your employees. Prepaid cards are a quick, easy way to manage your company’s payroll, whilst saving money on handling costs and bank fees.
Bread4Business is a flexible solution. Have your cards delivered directly to cardholders' homes, or have them delivered to your business, ready to hand out to your employees. Alternatively, you can order unpersonalised cards in bulk, which you can issue to employees as and when you wish using our secure online management portal.
As a corporate payroll solution this cuts the costs of processing, as no card load fees are applied (BACS payments can incur a fee). For payments for temporary staff and the unbanked this is a cost effective solution which replaces traditional paper payments.
All of our cards feature the Mastercard Brand Mark, which means they can be used at over 35 million locations worldwide and have similar benefits to a debit card: spend online, spend in-store, and withdraw cash from ATMs.
Once a payment has been made a SMS text alert is sent to the cardholder advising them of the recent card load and current balance.
Each company is provided with access to a management portal where you can activate cards and load cards individually or in bulk. The cardholder has access to an online portal where they can view their transactions and current balance. As our website is mobile responsive the portal can be viewed via a PC, tablet or phone.
Our White Label Lite solution will allow your company to add their own corporate identity to our cards.