Simplify gifting with e-gift cards for employees.Reward employees all over the world within seconds.
E-gift cards are digital cards that are preloaded with money and delivered instantly via email to recipients. The recipient can then use the card in online stores or spend offline, depending on the card.
Prepaid cards are pre-funded, meaning they are ready for use as soon as employees receive them. Businesses can issue and activate business prepaid cards for employees in 3 easy steps:
Open-loop e-gift cards are cards that are powered by payment networks like Mastercard or Visa. These cards are accepted anywhere the partner network is accepted.
Closed-loop e-gift cards are cards that can be used at a particular retailer or company. These cards are branded with the company or retailer&apos logo, indicating limited use.
A digital prepaid card does not always mean a physical plastic card. Digital cards offer a more swifter way of using prepaid cards. Here are the key differences between a digital prepaid card and a physical prepaid card:
Employees want to be recognised for their work, but with teams being distributed around the world, rewarding them may seem like a challenge. E-gift cards make it easy by delivering speed, choice, and flexibility. Benefits of E-gift cards include:
Employers can send employee gift cards instantly via email, giving staff instant gratification.
They allow employees to choose exactly how they spend their reward.
Remote and hybrid workers receive the same immediate access as their in-office colleagues.
E-gift cards usage is not restricted to a particular region, which means they can be used anywhere online
Corporate e-gift cards are now the go-to for employee incentive gift card programs.They offer immediate impact and flexibility over traditional gift cards.For larger organisations with teams spread across locations, these cards solve the complexity of cross-border rewards.
Businesses can use gift cards to build a culture of engagement and growth.Here are five use cases of gift cards for businesses:
Companies can use gift cards to reward employees for their performance. Employees who exceed targets can be instantly recognised for their efforts.
Sending gift cards on work anniversaries, promotions, and personal milestones like birthdays builds a culture of appreciation. It shows you value your employees.
Corporations can also use e-gift cards to reward employees during holidays like Christmas, Easter, etc.
Sending sales reps gift cards for meeting sales targets is another great way to boost employee morale.
Sending gift cards across remote teams creates positive associations with the company&apos values.
The benefits of e-gift cards go beyond employee satisfaction.Here are some ways businesses benefit from e-gift cards:
Online gift cards make it easier for businesses to send rewards to employees in bulk.
HR and finance teams no longer need to spend countless hours managing employee rewards; e-gift cards simplify that by handling everything on an employee gift card portal.
E-gift cards also qualify as a non-tax benefit under Ireland&aposs Small Benefit Exemption Scheme.
With no printing, postage, or shipping involved, e-gift cards eliminate unnecessary costs and reduce admin expenses.
Let's look at the benefits and downsides of e-gift cards for both employees and employers:
CleverCards offers e-gift cards for employee rewards. These are Mastercard-powered, which means they can be accepted at over 50 million merchants worldwide. Key features of CleverCards employee gift cards are:
Send to employees instantly via email and a personalised message
Employees can instantly activate by adding to their Google Pay or Apple Pay
Tax-free up to €1,500 under Revenue&aposs Small Benefit Exemption Scheme
Can be sent to a team of 10 or 10,000 by simply uploading a CSV
Employees can track their balance on the CleverCards app
Businesses can send e-gift cards to employees in a few simple steps:
Choose the e-gift card, load the desired amount, enter the recipient&aposs details, and send instantly via email.
Employees receive their card right away and can add it to Google Pay or Apple Pay for secure, contactless payments both online and in-store.
Employees can easily check their balance and track usage in real time through the CleverCards app.
Ordering e-gift cards in bulk is extremely simple with CleverCards.All you need to do is upload a CSV of employee details like email, denominations for each card, and the message to go with it.
Build branded digital Mastercard programs that are fast, flexible, and scalable, without the operational burden.