Prepaid debit cards and Gift Cards are preferred by
95% of all people receiving cash incentives

Is your loyalty program or incentive program missing
an opportunity?

Whether they are called prepaid debit cards, gift cards, prepaid credit cards, or loyalty gift cards, there is an infinite number of ways to create incentive programs or compensation programs using a payment gateway such as Payscout.

Debit cards and gift cards are being issued in record numbers. In 2008, an estimated 64 million gift cards were purchased for holiday gifts. Every chain from Abercrombie and Fitch to Starbucks offers gift cards. Look at your local super market, there is a kiosk loaded with prepaid cards from Home Depot, Bed, Bath and Beyond, Itunes and Best Buy. Prepaid MasterCards, American Express gift cards: there doesn’t seem to be an end to them. They are abundant. They are abundant for one reason: people use them.

Is your business currently using prepaid gift cards? Do you have an incentive program that rewards your customers for referrals? Do you have any staff incentives that allow them to earn money outside of their paycheck? If you own a restaurant, are you paying tips in cash or on a debit card? If you are not using debit cards for effective marketing or for staff motivation, you need to contact Payscout for a brief consultation. Fill out this application form.

The advantages of setting all of these incentivized compensation programs up on a debit card is simple. You create the prepaid card once. You add more funds as often as your compensation plan requires. Now instead of cutting, signing, and distributing checks to all of your sale people, you load their debit cards. They are happy they don’t have to run to the bank with your check. It’s an easy process that takes seconds to do instead of hours. The admin is very easy as well. No bank statements to chase down missing checks, just an easy report with all of your transactions.

Can I do Payroll on a debit card?

YES! Absolutely, Payscout can set up payroll debit cards for any sized organization. This too has the benefits of making payroll very easy to distribute. For the employee, the cash is available as quickly as with direct deposit. For the admin, there are no payroll bank statements to sort through and match up checks against. It is all on one easy to read report.

If you haven’t considered using payroll debit cards to distribute your paychecks, it’s time you contacted Payscout to learn the details that will save your accounting staff time and money. Apply right now!

How does a payment gateway make it easy to for businesses to issue debit cards?

Credit card processing consists of some complex systems but really has only a few big moving parts:

• Method to load card with cash equivalent (credit account/credit provider)
• Guarantee of cash at points of purchase(credit provider/card issuer)
• Access to guaranteed cash (account holder/card)
• Places agreeing to take guarantee of cash instead of cash (merchants)
• Method of guaranteeing cash availability at purchase (card/payment gateway)
• Method of settling payment transfer (merchant account)
• Method to reload card with cash equivalent (payment/account holder)

Interestingly enough, a prepaid debit card or prepaid gift card system requires almost the exact same moving parts.

• Method to load card with cash equivalent (Sponsor of debit card/gift card)
• Guarantee of cash at points of purchase (credit provider/card issuer)
• Access to guaranteed cash (account holder/card)
• Places agreeing to take guarantee of cash instead of cash (merchants)
• Method of guaranteeing cash availability at purchase (card/payment gateway)
• Method of settling payment transfer (merchant account)
• Method to reload card with cash equivalent (sponsor payment/accountholder payment)

Payscout’s Payment Gateway is a leader in debit card incentive programs. Payscout offers both VISA and Mastercard debit cards. Fill out the application here.