Payout Cards - fast and secure payouts|with MasterCard Prepaid cardsPayout Cards - fast and secure payouts|with MasterCard Prepaid cards

Using Payout Cards, worldwide payment of employees and business partners can be organized faster, safer and with greater cost-efficiency than with cash or cheques.

key benefits using payout cards:

  •   Risk minimization
  •   Lower costs
  •   Work efficiency
  •   Utmost transparency
  •   Full budget control

Whether in agriculture, on construction sites or in temporary employment agencies: up to now, cash payments and cheques have been indispensable in many areas. But the manual processing required is time-consuming and prone to mistakes. There is also a high risk of theft.

As prepaid MasterCard cards, payout cards on the other hand enable automated payment with reduced risk. The paying companies hold a business account with Wirecard Bank AG for this purpose, from which the respective amount is debited as soon as they load a card. There are two types of payout cards available:

  • Personalized Payout Cards
    They can be used by identified recipients in retail, on the Internet or at ATMs and reloaded in various ways at any time.
  • Company Payout Cards
    Designed as a substitute for cash they are used at ATMs exclusively for cash withdrawals. Only the issuing company may load these cards. 

CASE STUDY

PAYOUT CARDS IN TEMPORARY EMPLOYMENT AGENCIES

Temporary employment agencies often pay their staff in cash. Handling the resulting large cash reserves involves a high risk. Moreover, processing is time-consuming and prone to mistakes. Payout cards are safer and significantly reduce the costs per payment.

An example of a company payout card:

- Upon joining the company, a new employee receives a company payout card and the corresponding PIN for use at ATMs. At this point, the card does not hold any funds.

- On the first payment date, the employee presents the temporary employment agency with confirmation from his current employer. The agency then loads the card with the amount to be paid.

- The employee can use the card for cash withdrawals from an ATM immediately afterwards.

An example of a personalized payout card:

- The new employee registers for the personalized payout card, identifies himself via PostIdent and signs the card application form.
- Card and PIN are then personalized. The employee receives both in the mail.
- If he held a company payout card for the time until receiving the personalized payout card, he returns it to the temporary employment agency.
- In principle, anyone can load the personalized payout card by transfer, direct debit or using a credit card. The card owner can manage it via the web-based user interface at www.mywirecard.com."

BENEFITS

FEATURES

Wirecard Payout Cards: Benefits

  •   Fully-fledged prepaid-based MasterCard
  •   Globally accepted by millions of service providers
  •   Freely definable loading limits
  •   No risk due to cash reserves
  •   Immediate availability of funds worldwide
  •   One procedure for all business partners and employees
  •   Process optimization through automatic loading via an XML interface
  •   No manual data reconciliation
  •   Co-branding: Card with the design of the issuing company
  •   Management via the web-based graphical user interface (WEP)

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