Save time and money in business with a secure and efficient method to manage employee expenses and petty cash claims. Give your employees a convenient and easy way to pay for expenses with the TRUST U Petty Cash Card and you will reduce employee expenses by 20% to 35%!
The TRUST U Petty Cash Card is a reloadable prepaid card that is set up with a fixed amount and can be topped up by the employer. The prepaid TRUST U Petty Cash Card has all the convenience and security of a credit card with the additional benefit of budget control making it a superior choice ahead of credit cards, petty cash, cab vouchers or personal cash. You set the budget and employee cannot overspend – an advantage for employers and staff.
With this card, minor expenses (under $100) can be paid instantly with the contactless technology of VISA payWave instead of employees having to use their own cash or credit and claim it back later.
Approved by the Australian Tax Office and exempt from Fringe Benefit Tax (FBT), The TRUST U Petty Cash Card is designed for minor expense claims instead of using a petty cash system.
The Petty Cash Card is intended for occasional expenses related to work activities, such as taxis, parking fees, fuel and expenditure associated with projects such as meetings, functions and incidental supplies.
Employees appreciate the convenience of the prepaid card as they don’t have to use their own cash or credit card and there is no need to fill out forms to be reimbursed.
Employers prefer the prepaid card system as budgetary control is maintained, it reduces paperwork, saves time and costs. The card balance and transaction history is available to the company and the staff member via a secure online portal. There is no need for receipts, reconciliations, substantiation or reimbursements.
The Petty Cash Card has the intrinsic benefit of building trust with employees that encourages their accountability and commitment to the company. Loyalty to the business is an intangible asset that can be encouraged with benefits for employees. Making the expense claim process stress-free builds confidence and boosts staff commitment by recognising their autonomy and trust.
Easy to set up, establish the balance and activate by the employee, it can be topped up only by the company through the secure online portal.
Only the TRUST U Petty Cash Card can feature your company logo or a branded custom design so your company is the focus of the card. TRUST U can be used in any store where VISA prepaid is accepted in Australia or overseas, including purchases made online.
The TRUST U Petty Cash card us a product offered by Corporate Prepaid Cards, owned by Zenith Payments, Australia’s leading payments processing and prepaid card provider, used by 300 of the top 500 companies. 100% Australian owned, Zenith specialises in the provision of prepaid Mastercard, VISA and eftpos cards to corporates for employee expenses, staff recognition programs, customer acquisition and retention programs.
To find out more, visit the Corporate Prepaid Cards website here.