Premium is a prepaid payroll card, brought to you through a unique partnership between Edenred and MasterCard®, offering a secure and cost-effective alternative to paying your employees by cash and cheques.
Who is Premium for?
Over 2.5 million people in the UK have no access to banking facilities, and many more work in temporary or seasonal positions - the Premium Prepaid MasterCard allows you to pay these employees electronically, just like the rest of the payroll.
How does Premium work?
Cardholders can use the card to access their funds at ATMs 24/7 as well as make purchases at any one of the 29 million places worldwide that display the MasterCard acceptance mark including high street stores, supermarkets and restaurants. Users can also pay bills, shop online and even use high street stores, supermarkets and restaurants. Users can also pay bills, shop online and even use Premium to receive other forms of income such as benefits - giving the advantages of a credit or debit card, including Chip and PIN security, without the need for a bank account or the risk of going into debt.
Why choose Premium?
Premium is the only business-to-business prepaid MasterCard within the UK designed for payroll applications and comes with a range of benefits for both you and your employees.
- Simple - No need for separate arrangements all staff can be paid electronically as part of your normal payroll process.
- Secure - Avoids the risk of cash theft and eliminates the threat of cheque counterfeiting and fraud.
- Cost effective - Minimises administrative costs of payroll and eliminates processing cash and cheque payments.
- Flexible - Premium can be tailored to suit the needs of your business, you can apply your own controls and even have your own branded cards.
- Free - Talk to us to find out how you can implement a Premium scheme for free.
- Flexible - Access money 24 hours a day, 7 days a week. It can be topped up at 34,000 Post Office® and PayPoint locations.
- More choice - As part of the Master Card network, Premium can be used online, at cash points and at over 29 million places and shops worldwide.
- Additional Cards - Up to 4 additional cards can be provided on one account so sharing money with family members both in the UK and overseas is simple.
- Secure - Premium is PIN protected and eliminates the need to carry cash.
- Money Saving - Using Premium can save employees money as there's no need for them to pay to cash cheques.
- Practical - Premium works just like a normal credit or debit card and employees can only spend what is loaded onto the card.
This card is issued by PrePay Solutions Limited pursuant to license by MasterCard International Incorporated. This card is an electronic money product. Pre-Pay Solutions Limited is authorised and regulated by the Financial Services Authority for the issuance of electronic money. MasterCard is a registered trademark of MasterCard International Incorporated.
