More and more companies are becoming remote-first. Virtual prepaid cards are emerging as one of the top ideas for rewarding remote employees due to their speed and touch-free nature, plus online delivery. On top of this, virtual cards can be used in a number of ways to give back to hard-working employees:
Virtual rewards are delivered instantly, allowing personalization, immediate funds, as well as ease of use for both management and users. Designed for use online, virtual cards give the users unlimited options on how they’d like to use it.
Corporate Incentive Programs
Cards can be used to offer incentive programs for employees such as bonuses, cash cards, or travel programs. This can be very cost effective for companies and also very convenient for employees to use.
Marketing and Sweepstakes
Virtual cards are great for marketing campaigns. It is easy for companies to offer value added promotions. With the rise in-ecommerce and the shift to touchless forms of payment, virtual cards have more appeal to customers. Some of the most common forms are virtual card rewards, instant win games, and sweepstakes. Sweepstakes and instant win games are exciting for participants. Having a virtual prepaid Visa is highly regarded as an incentive as they are a cash equivalent for participants. At TruCash, our incentive experts can offer loyalty, rebate, or sales incentive ideas to help integrate rewards into your program.
Corporate Expense Card
Virtual cards can be for single-use or recurring use (reloadable). Virtual cards are great for use as a company card. Corporate cards can be set up and allow for better tracking of spending. Once approval for an expense is given, employers can send the virtual card information to be used for the purchase.
Virtual cards are also great for payments between buyers and suppliers. Using a virtual card for payments enables buyers to mitigate risks, reduce costs, and generate rebates or rewards on payments made.