Some info about prepaid bank cards
Prepaid cards are a banking product that companies use far beyond the financial sector.
Prepaid gift cards are not only a pleasant and useful gift. Companies use them as a tool to motivate and increase sales.
Gift cards are used by manufacturers of goods or services as a tool to reward distributors, sales representatives, employees of retail chains and consumers of goods or services. Most often these are:
- sales chain motivation programs,
- loyalty programs for end users,
- promotions,
- cashback from manufacturers,
- bonus programs for professional buyers (designers, foremen, etc.).
- gifts for the holidays,
- stimulating sales staff,
- payments of remuneration to temporary employees and outsourced employees.
Another large area of using cards is motivating company employees in the system of benefits and benefits. For example: cafeteria benefits and flexible benefits,
With the help of cards, employers are expanding compensation within the framework of the social package.
With prepaid cards, like any bank cards, the owners pay for goods and services in any organizations and online stores that accept cards.
What are the cards?
The cards are unnamed. This means that the recipient starts using it immediately after issuance and short activation.
All prepaid cards are bank cards, but their main difference from debit and credit cards is that they do not require opening an account, signing an agreement and are issued by the bank without identifying the client. The card has already been issued, it only needs to be delivered to the holder. Another difference is the limited limit from some money. The card does not have an NFC chip, but it can be connected to a smartphone wallet - Apple Pay or Google Pay. Cards can be issued in the usual plastic format or virtual.
| Top-up prepaid cards | Non-refillable prepaid cards | Virtual top-up prepaid cards | Virtual Non-Topup Prepaid Cards | Gift certificates |
| Top-up amount | The balance at any time cannot be more than some money. | From some money. | Multiple top-up in the amount from some money | Fromsomemoney, replenishment step. | Fixed denomination of the store. |
| Replenishment | Should not exceed some money per month | Impossible | The amount of top-ups per month should not exceed some money. | Impossible | Impossible |
| Validity | 3 years | 1 year | Code is valid for 12 months, card - 12 months | The code is valid up to 12 months, card - 3, 6, 12 months | Determined by the seller |
| Service cost | - | - | - | - | - |
| Branding | + | + | + | + | - |
| How to pay | Works like a regular bank card in stores. It is possible to link to Apple Pay and Google Pay | Works like a regular bank card in stores and websites. It is possible to link to Apple Pay and Google Pay | Payment on sites, it is possible to link cards to Apple Pay and Google Pay | Payment on sites, it is possible to link cards to Apple Pay and Google Pay | At the checkout of the store, sometimes on the seller's website |
| Where use | Rewards in long-term incentive programs, incentives for distributors, sales representatives and retailers | An alternative to gift certificates and cash in an envelope. Remuneration in short-term programs to motivate producers of goods or services, motivate customers and as an HR-tool for encouraging employees | Rewards in long-term incentive programs. For federal incentive programs and promotions with instant delivery. Encouragement of distributors, sales representatives, representatives of retail chains, consumers. API Integration | Rewards in any promotions, incentives for distributors, sales representatives and representatives of retail chains, staff motivation. API Integration | Gifts for the holidays, motivational programs and promotions |
Card replenishment methods
Top up your Prepaid card automatically or manually - the choice is yours.
Direct money transfer
To get started, call the number indicated on the back of the card.
ReadyLink
Credit to your card wherever ReadyLink is used.
Output:
You can top up prepaid cards use this methods:
1. From a bank account
2. Through the website of the service issuer
3. Through specialized services for the issuance of prepaid cards
4. Through payment terminals
5. Through payment systems to which the prepaid card is linked
6. Through a mobile operator
Please note that all prepaid cards can be top-up as it depends on the type of issued card.