There is no styling applied to this page, you either have CSS disabled or you have a browser incapable of displaying styles.Business Solutions
There are many business markets for a prepaid solution and Tuxedo is constantly exploring ways to tailor their products to audiences increasingly aware and interested in the benefits that a prepaid card can offer them.
Tuxedo have a highly experienced business development team that will be able to advise businesses on the best solution for payment requirements served best by prepaid products.
Whether it is finding a cashless alternative to wage payments, controlling your corporate expense spend, incentive schemes, benefit payments or simply providing a flexible tool to manage cashflow, the Tuxedo solution has so much to offer.
Below are just a few examples of how Tuxedo are providing cost-saving, secure solutions for businesses:
Payroll – Replace cash and cheques
Transferring wage payments onto a Tuxedo card directly rather than paying wages by cash or cheque saves time on administration, adds security for both the employer and employee and furthermore employees benefit from not having to pay extortionate cheque cashing fees whilst enjoying the wide range of functionality that the Tuxedo eccount and card offers. Ideal for contractors, seasonal workers, recently arrived migrant labourers and any un-banked staff.
Expenses – No more slips or VAT headaches
Many companies find it hard to keep control of their corporate expenses, which can cause reconciliation difficulties and even cash flow or payment problems. The Tuxedo corporate expense solution allows your finance team to track spend and allocate funds immediately whenever needed – even in emergencies, and both you and them, can never over-spend. Certain merchant categories can even be blocked and there is also a simple solution for VAT claims that is fully recognised by HMRC.
Another advantage of the Tuxedo solution is that employees wont use their own credit cards for expenses which can cause them to incur uneccessary personal debt if they neglect to transfer funds paid into their bank account to pay their credit card bill.
Debt Management – Prepaid is a positive spending habit
Many companies providing debt management services are finding a Prepaid Card solution an ideal way to manage their clients money. Either by providing a monthly allowance on a card which can be used anywhere giving the flexibility and functionality of plastic that their clients need, or simply as a way just to control their spend easily.
Rebate/Payouts – A cost effective way to create a relationship with customers
Replacing cheques is always a good thing but being able to load customer cards instantly with compensation payments, payouts or rebates is a very cost effective way to build loyalty and make additional payments when required.
Incentives and Rewards
Replace paper gift vouchers and cheques with our one stop solution which can be reloaded directly online and even linked to other reward or cashback programmes.
For more information on our business solutions, please contact us at: business@tuxedomoney.com or call us on 020 7632 4888.
