PrePaid Visa Cards

PrePaid Visa card solutions

You might want to;
  • Streamline your payment processes to occasional workers.
  • Deliver valuable employee benefits for a compelling cost
  • Save costs on expenses administration
  • Give credit that can only be spent with you

    • Maybe you want a 'white label' solution so the card carries your brand alongside Visa.

    Whatever you want to achieve, call Performance Bonus for a jargon free chat.

    Call 01291 623355

    Or leave us a message on our Contact page and we'll get back to you.
    You may wish to reward the employees of other organisations in a low cost,
    efficient yet HMRC/tax compliant way.
    We can produce a Visa card to do this which has been accepted by HMRC
    as a ‘non-cash voucher’.
    Which means that, under the correct Taxed Award Scheme, or PAYE Settlement arrangements (PSE);
  • You pay HMRC (after the end of the tax year) the equivalent of employer’s
    National Insurance contributions.
  • Being a non cash voucher, card payments are exempt from employees National Insurance contributions.
  • Since payments are valuable and so taxable, declaration of earnings for taxable benefit assessment may included in your TAS or be the responsibility of the recipient.
    - Depending on the circumstances.

    • To comply with HMRC 'Non cash Voucher' requirements, this type of card cannot be
    used to withdraw cash in ATMs and there are a small number of other restrictions,
    but otherwise the Visa cards are globally accepted in shops, restaurants, hotels
    and just about everywhere online and over the telephone where Visa is accepted
    in the UK and overseas.

    Whatever you want to achieve, call Performance Bonus for a jargon free chat.

    Call 01291 623355

    Or leave us a message on our Contact page and we'll get back to you
    Approximately £36 billion is invested in the UK sales promotion market each year and some 40% of this (£14 billion) is ‘given away’ in price discount promotions.
    But, while discounts are obviously attractive to customers, they have now achieved virtual saturation in many sectors.
    Plus, since Internet pressure has driven down gross margins it is now harder than ever for such initiatives to stand out, or indeed result in a positive financial contribution.
    Stored value promotions and incentives on the other hand, put the spending power of money straight in the hands of customers, often even before they have made a purchase.
    We know that whenever flexibility and choice are improved in incentive and marketing schemes, success improves in direct proportion.
    Consequently, prepaid/stored value promotions regularly out-perform discounts by at least 20%. Meaning that, each £1bn of sales promotional spend has the power of over £1.2bn when it is moved from discounts to prepaid offers.
    Well structured stored-value promotions also cost less than face value to deliver (£100 worth of product or service may cost as little as £30 to deliver, yet be valued at £100 by the customer).
    Performance Bonus can deliver cards, bearing your branding and redeemed via your existing POS terminals, into your customers' and your target customers' hands.

    Whatever you want to achieve, call Performance Bonus for a jargon free chat.

    Call 01291 623355

    Or leave us a message on our Contact page and we'll get back to you

    Different card types...

    Full functionality

    Imagine a bank current account, complete with online banking and debit card.
    Now imagine that, subject to secure password access to your portal, you could load funds onto tens, hundreds, thousands... of these cards by uploading little more than a spreadsheet file.
    The debit card can be used by your people at the point of sale and in ATMs all around the world. Just about the only difference with a bank current account is that there is no overdraft facility and the traditional Direct Debit mechanism is not included.
    However, unlike the traditional bank current account, account holders qualify for a range of automated CashBack and online discount promotions.
    So, in many ways, this product offers significantly greater value than the average traditional bank current account.
    It is therefore a fabulous way to deliver part time/temporary staff payroll or expenses management solutions and offers genuine employee benefits.

    Restricted functionality

    Each restricted functionality card is specified to meet our clients' precise requirements.
    For example, to comply with HMRC 'Non cash Voucher' requirements for third party incentives, we have developed a card product which cannot be used to withdraw cash in ATMs along with a number of other important restrictions.

    Whatever you want to achieve, call Performance Bonus for a jargon free chat.

    Call 01291 623355

    Or leave us a message on our Contact page and we'll get back to you.

    Private label

    By excluding the Visa logo from a card and restricting the card's use to your Merchant ID codes, yet continuing to use the Visa infrastructure, we are able to deliver your own stored value programmes.
    These programmes can have your own expiry dates, which are outside the requirements of EC emoney directives, and therefore provide prompt refund (breakage) of unused funds to you.
    In fact, thanks to our network of financial services contacts, we can even provide highly cost effective stored value funding services. So that the only significant impact on your cash-flow is when a customer actually redeems their value for your products or services.
    However, since this is a highly technical area each promotion is completely unique...
    Whatever you want to achieve, call Performance Bonus for a jargon free chat.

    Call 01291 623355

    Or leave us a message on our Contact page and we'll get back to you.