There is no styling applied to this page, you either have CSS disabled or you have a browser incapable of displaying styles.Business Solutions
For more information on our business solutions, please contact us at: business@tuxedomoney.com or call us on (+44) 020 3219 3100.
Tuxedo MasterCard®or Maestro®Prepaid Cards provide bespoke business solutions across a range of industries . 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 team will provide a prepaid solution for them all.
Below are just a few examples of how Tuxedo are providing cost-saving, secure solutions for businesses:
Payroll – Replace cash and cheque wage payments
Transferring wage payments onto a Tuxedo Card directly rather than paying wages by cash or cheque saves both time and money associated with payroll administration, it 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. The solution is ideal for any business employing contractors, seasonal workers, recently arrived migrant labourers and any un-banked staff.
Expenses – Improve control and simplify company expenses and petty cash.
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 view employee transactions and allocate funds instantly from the master eccount whenever needed – which is ideal in emergencies. The unique eccount functionality also allows you to remove funds from an employees card if required. The Tuxedo Card helps to ensure that you stick to expense budgets and ensure that employees cannot run up unapproved debt as they can only spend the amount you have loaded. Certain merchant categories can even be blocked and there is also a simple solution for VAT claims that is fully recognised by HMRC. The business has no liability or credit exposure.
Another advantage of the Tuxedo expenses solution is that employees will not use their own credit cards to pay for business expenses which can cause them to incur unnecessary 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 an easy way to control their spending.
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 online and even linked to other reward or cashback programmes. Its a great new way to pay incentives/rewards and the cards can be used in over 26 million locations worldwide or withdraw cash from ATMs worldwide.
