Barclaycard’s Prepaid card is a simple way to improve business efficiency and help you control the distribution of your company’s funds – whether for purchasing purposes or innovative employee payment processes.
Barclaycard’s Prepaid card is available for companies or public sector organisations with a spend of more than £250k p/a or 100 cardholders.
Call me about Prepaid Cards
Smarter payment solutions - reduce costs, improve efficiencies and minimise the risks of misuse or fraud.
Improve efficiency - No need to handle large amounts of cash, sign or distribute cheques, issue vouchers or keep track of cardholder bank details.
Security - Built in fraud protection, no risk of overspending and card accounts can be remotely blocked.
Simplicity – Employees can use a prepaid card just like a normal chip and pin card, all to preset spending limits.
A Prepaid card can be given to staff who need access to your organisation's money. The amount they can spend is determined by how much money you decide to load onto each card account, and the transaction controls you choose to apply.
Give you security
Sometimes, it's simply not possible or appropriate to give certain people access to a conventional payment card. A Barclaycard Prepaid card programme can provide a secure, controllable and accountable solution, improving your disbursement processes.
Example uses of company prepaid cards:
Whenever you need to pay people money, such as salaries or per diem (per day) allowances, Barclaycard's Prepaid card programme can give you a huge reduction in administration and the costs associated with it.
At the same time, the recipients of your payments – such as employees, contractors or members of the public – get immediate access to the money. They can use their prepaid card just like a conventional credit or debit card, anywhere in the world wherever Visa is accepted, with protection from theft, loss and fraud.
Example uses of employee prepaid cards:
We know that public sector organisations are under unprecedented pressure to meet ever-tougher efficiency and accountability targets. Given the flexibility and the efficiency benefits they offer, prepaid cards have become an essential new payment solution for the public sector.
They can also bring many benefits to not-for-profit organisations, such as central and local government agencies, and charities.
Example uses of public sector prepaid cards:
Setting up your prepaid cards
We make setting up your Barclaycard prepaid card programme as easy as possible, so both you and your cardholders start to see immediate benefits.
We'll support and train your key staff members, give you access to your own secure website, and be there in the future to help you get the most out of your programme.
Prepaid cards can then be:
Barclaycard's prepaid card is highly secure, with Chip and PIN protection, and every transaction is sent to us for online authorisation – avoiding overdrafts and protecting everyone from the risk of fraud.
Managing your prepaid card programme
Where the funds belong to your own organisation, you can decide which transaction data and related management information to receive, including daily reports on transactions and card balances. The data in these reports can be imported into your existing accounting and reporting systems, through a secure online portal.