It’s a reloadable Mastercard / Visa card. You control what is available on each card. Employees can only spend the allocated funds on their card.
Who is the TRUST U Card designed for?
A reloadable prepaid Mastercard and Visa card is designed for: (a) employees who do not meet the company’s criteria to receive a corporate card and/or (b) as a replacement for petty cash and minor expenses like parking fees, taxis, coffees, fuel, supplies, equipment, functions, meetings, expenditure related to specific projects etc.
Paywave functionality which guarantees universal and fast acceptance
Businesses have reduced petty cash to 1 in 20 purchases by using TRUST U
An ATO approved expense card
As a prepaid, spending is limited to the value loaded on the card
Top up the card to the budgeted/agreed dollars
Card statement serves as a receipt for tax deduction
Does not attract FBT
Staff will appreciate not using their monies for business expenses and waiting to be reimbursed. We TRUST U
IT’S BEST SUITED FOR?
It is intended for employees who do not meet the company’s criteria to receive a corporate card: it does not replace but supplements your current commercial/corporate business expense card program.
BENEFITS TO COMPANY
NO PAPERWORK: and no need to substantiate trifling expenses with receipts and complicated forms, reconciliations and employee reimbursements. This means significant reduction in cost and savings
REDUCE EMPLOYEE EXPENSE BUDGET BY 20%-35%: You load each card each month with the agreed dollars. You set the “budget”.
FORGET THE DIFFICULTIES OF MANAGING PETTY CASH: you can reduce or eliminate petty cash – some businesses have reduced cash advances by 95%. With PayWave functionality you no longer need to keep cash on the premises.
BENEFITS TO EMPLOYEES
NOT USING THEIR MONEY for business expenses and not waiting to be reimbursed
SAVE TIME: No need for time consuming expense reports, finding receipts, reconciliations and employee reimbursements
Easy to check card balance
PUT MANAGING PETTY CASH DAYS BEHIND YOU & GET A TRUST U CARD TODAY TO AVOID EXPENSE PAPER WORK
MORE POWERFUL & MEMORABLE THAN CASH OR STORE CARDS & GIFT VOUCHERS
The Mastercard, Visa or eftpos Gift Card and your brand becomes a billboard in their wallet.
SAVE TIME & MONEY
Minimal administration and no inventory required. We can manage cashback programs claims and communications
for you. No bank fees.
You can get a GST rebate on the value of the cashback, if your cards are cashbacks by nature
Spending power can be disabled until the card is activated. Lost and stolen Mastercard, Visa & eftpos can be replaced
Instant issue cards can be loaded within 24 business hours. Personalized cards are dispatched within 3 business days
THE PERFECT GIFT OR REWARD
It gives employees, resellers and customers the opportunity to choose their own perfect gift.
Every time Mastercard, Visa or eftpos Gift Cards are used, recipient is reminded that you gave them this reward – cash disappears into general funds.
REINFORCE YOUR BRAND
Customise your Mastercard, Visa or eftpos Gift Card with your company logo or design of your choice
You choose the value up to $4,999 (Mastercard & Visa) or $1000 (eftpos)
The entire rewards process
INCREASE CONTROL AND TRANSPARENCY
COST EFFECTIVE WAY TO MANAGE BUSINESS EXPENSES
Q. I’ve been given a TRUST U Universal Expense Card. How does it work?
The TRUST U Card is a reloadable prepaidcard that carries a certain amount of spending power.Each time the card is used to make a purchase, the purchase amount is deducted from the card’s available balance. Once its value has been exhausted, it can not be used for more purchases until topped up.
Q. How do I activate my card?
Please visit www.universalgiftcard.com.au or phone 1800 174 239 to confirm you possess the card legitimately – by entering an authentication code, usually the ddmm part of your date of birth.
Q. Where can the card be used?
TRUST U Cards can be used in any store in Australia or overseas or for internet purchases where a Visa prepaid card is accepted. They can be used in over 500,000 places in Australia and 28 million overseas. Please note that merchants are not obliged to accept any particular cards.
Q. How can I check my transactions or the balance?
By visiting www.universalgiftcard.com.au or by phoning 1800 174 239. Merchants can not do a balance enquiry through their point-of-sale system.
Q. How does my card get topped up?
Each month your employer will top up your card to the agreed balance.
Q. Are there any fees for using the TRUST U card or checking its balance or transactions?
Generally there are no fees for using the TRUST U card, although the Reserve Bank allows merchants to surcharge when cards are offered in payment. A monthly account fee of $2 is charged to the card’s balance. Visiting the web site is free – to check your TRUST U card balance or transactions or for any other purpose. A phone call to report a lost / stolen card is free, and the first phone call – to activate your TRUST U card – is also free. Thereafter calls to the IVR computer will generally incur a fee of $1.10 and calls to a human operator will generally incur a fee of $4.40.
Q. What about security?
• Like all payment cards, prepaid cards should be safeguarded, treated like cash. However the TRUST U card is more secure than cash, because your PIN is required for a purchase.
• And if your TRUST U card is lost or stolen, you can report its loss so it can be disabled, and a replacement card issued.
Q. What should I do if my TRUST U card is lost or stolen?
• Phone 1800 174 239 immediately to report a stolen card, so we can stop any subsequent
transactions from being authorized.
• If the balance on the card exceeds $15 at the time you report its loss, you may order a
replacement card, which will be loaded with the balance
LET US KNOW YOUR REQUIREMENTS &
WE WILL GET IN TOUCH WITH A QUOTE