Prepaid cards allow individuals to load a particular amount onto the card as and when they like, without the risks associated with credit or debit cards, making them the ideal staff reward, benefit or promotional mechanic to attract customers, members or others.
Our prepaid card solution is a VISA card, meaning that users can spend using their card anywhere that bears the VISA logo – that’s millions of outlets worldwide – but unlike credit cards, are limited to the amount of funds preloaded on the card.
How can our prepaid card be used?
Regular payments onto prepaid cards can be set up from a users bank account, making top ups easy and fully automated. So when pay day rolls around, an individual could automatically segment their grocery shopping for the month (as an example) from other expenses. Alternatively prepaid cards can be topped up by an employer with reward funds or brands can utilise the technology to deliver promotional rewards to loyal customers.
The Benefits of our prepaid cards include:
- No credit agreement
- No bank account
- No credit checks
- No cardholder qualification
- A card accepted in millions of outlets worldwide
- A huge range of online retailers offering cashback on purchases
- Secure chip and PIN technology
- Minimal risk – fraud and negative balance risk sits with us
The Spree team would love to hear from you!
If you would like to know more about a prepaid card solution for your organisation please complete the form below.