Author: Maria Berkan

Transform your employee benefits payments

transforming employee benefits

Choosing an effective employee benefits payments provider not only cuts management time and costs, but can help organisations attract and retain top talent in today’s competitive labour market. DiPocket’s solution transforms your employee benefits payments into a fast, flexible and streamlined system, using prepaid Mastercard or Visa cards to deliver customised benefit payments to employees in their local currency.

Whether it’s bonuses, lunch vouchers, or healthcare benefits, our platform offers a seamless way to distribute payments while cutting administrative overheads. With real-time reporting and full integration into your HR and payroll systems, DiPocket takes the complexity out of managing employee benefits. Plus, with branded cards tailored to your business and your team, you also improve employee engagement and satisfaction.

DiPocket’s employee benefit payments card

DiPocket offers a simple and cost-effective way to make payments. As a Payment as a Service (PaaS) provider, we partner with you to provide pre-paid cards in your own branding.  Rewards delivered on a branded card can create a sense of belonging and recognition, boosting employee loyalty and goodwill.

These physical or virtual cards can be distributed to recipients across many locations, in multiple countries and in local currency. A an employer, this gives you a simple way to disburse a range of different employee benefits to your team, wherever they are based.

Streamline different types of employee benefits

Employers increasingly disburse payments for a wide range of employee benefits. Managing payments on multiple platforms can be a time-consuming and complex task.

DiPocket offers a fully integrated solution that can be used as a stand-alone platform or seamlessly integrated with your existing HR and payroll systems.

The platform simplifies the administration of employee benefits by automating processes and providing a one-stop solution for different disbursements.

You choose where and how the payment can be used: restricting payments to particular shops, services or category codes, and even specifying the currency and country of use. This means that DiPocket’s payment cards can be used for a wide range of employee benefit payments, including:

  • Annual bonus: issue virtual or plastic cards with the fixed bonus payment uploaded to the card. The funds can be spent online or in physical stores, or withdrawn from an ATM – however your employee prefers to use the bonus.
  • Lunch vouchers: employers issue a reloadable card which they can top up weekly or monthly. The physical or virtual card could restrict spending to a type of business such as restaurants, or to a single on-site provider. This card would not give access to a cash alternative or ATM.
  • Healthcare spend: your reloadable card can give employees access to specified health facilities such as gym memberships or dental care, without the option to use as cash.
transform your employee benefits payments

Simplified benefits administration

From enrolling employees to disbursing payments, DiPocket’s system makes managing employee benefits straightforward and scalable, no matter what size your business. Benefits to employers include:

  • Complete visibility and control
    DiPocket’s platform provides businesses with real-time reporting, giving you visibility and insights into employee engagement with your benefits programme. Detailed analytics allow you to track spending, monitor benefit usage and adjust your strategy based on actionable data.
  • Secure and trusted payment solutions
    Our trusted and secure platform adheres to financial regulations, ensuring that your business—and your employees—are protected from fraud and other security risks. You can make one-off payments and even automate top-ups.
  • Boost employee loyalty with branded cards
    DiPocket’s white label cards offer a unique opportunity to strengthen the relationship between your organisation and your employees. Branded with your company’s logo, these employee benefit payment cards serve as a constant reminder of your investment in their well-being.

Why employees love DiPocket’s benefit payment solutions

Employees welcome a streamlined employee benefits payments solution because it delivers simpler, faster benefit payments:

  • Benefit cards accepted anywhere that accepts Visa or Mastercard. Users have complete freedom to spend as they wish, limited only by your bespoke restrictions.
  • Contactless payments. Virtual payments cards can be added to Google Wallet and Apple Pay for quick and easy use.
  • Real-time payments. Real-time disbursement of benefits and bonuses allows companies to immediately reward employees for exceptional work, without waiting for the next payroll.
  • Tax-efficient bonus. Bonuses up to €2,000 paid onto a card rather than into a bank account are tax exempt in certain jurisdictions.
  • Multi-currency payments enable international organisations to deliver benefits in an employee’s local currency, free from the friction and costs associated with currency conversion.
  • Simple web interface allows employees to see how they have used their card, track payments and top-ups – and even check the carbon footprint of their spend!

Conclusion: DiPocket employee benefit payment solutions for the future

DiPocket’s innovative platform offers a way to simplify the management of employee benefit payments, whilst enhancing the value and impact of employee rewards.

With features like real-time payments, multi-currency support and personalised benefits, DiPocket is transforming the way companies manage employee rewards.

If you are ready to transform your employee benefits system please do get in touch!

transforming employee benefit payments

FAQs

How can DiPocket’s employee benefit payment solutions improve employee satisfaction? DiPocket offers personalised, flexible and immediate reward options, which increase employee engagement and satisfaction. By allowing employees to access their benefits easily and choose how to use them, the solution ensures that employees feel valued and appreciated.

Are DiPocket’s employee benefit payment solutions tax-efficient?

Yes, DiPocket provides tax-efficient payment structures that help reduce the tax burden on employees in some jurisdictions, allowing them to retain a larger portion of their bonuses and rewards.

Can DiPocket’s employee benefit payment solutions be used for global teams?

Absolutely. DiPocket supports multi-currency payments, enabling businesses to disburse benefits to employees in different regions in their local currencies without incurring conversion fees or delays.

What customisation options does DiPocket offer for employee benefits?

DiPocket allows businesses to tailor rewards based on individual preferences, performance milestones, or specific business goals, ensuring that benefits are meaningful and relevant to each employee.

How secure are DiPocket’s employee benefit payment solutions?

DiPocket offers secure transaction processing through bespoke branded virtual and physical cards. The platform adheres to strict financial regulations to protect both businesses and employees from fraud.

How does real-time payment enhance employee motivation?

Real-time payments provide immediate recognition for exceptional work, boosting motivation by creating a direct link between performance and reward. Employees who receive timely bonuses feel valued and are more likely to remain engaged with their work.

 

Branded payment cards improve customer loyalty

branded payment cards

Branded payment cards can be a great asset for your business. Your main aim may be to streamline financial solutions, but branded payment cards can also offer an innovative way to retain customers and improve brand loyalty.

As a ‘Banking as a Service’ provider, DiPocket takes care of your bespoke financial services and provides cards with your own branding for your team or customers. In this blog, we’ll look at these customised payment cards in more detail and see how they benefit your brand.

Improve customer loyalty with branded payment cards

A strong brand fosters trust and loyalty among customers – when customers see a brand they recognise and trust on their payment cards, it reinforces their confidence in the company. Branded payment cards simplify financial transactions and enhance the overall customer experience. By integrating your branding into everyday financial tools, you ensure that your brand remains at the forefront of your customers’ minds.

So, if you streamline your financial solutions to make disbursement of funds simpler and safer, adding your branding to the payment cards will reassure customers that they are in safe hands.

Likewise, if you introduce new employee benefits to your organisation, or introduce expenses payment cards, branded payment cards will reinforce the message that you are a responsible and caring employer.

Branded payment cards with BaaS

Branded payment cards are no longer just for large banks. With Banking as a Service (BaaS) providers like DiPocket, businesses can offer customised payment solutions without the complexities of traditional banking. BaaS enables companies to choose from various banking components, including expense cardsgift cards, and funds disbursement cards. DiPocket handles the regulatory processes, from payment processing to account management, allowing businesses to focus on their core operations.

Turnkey card issuing solutions for branded payment cards

DiPocket provides a comprehensive turnkey solution for branded payment cards. As a principal member of both Mastercard and VISA, DiPocket manages the entire card issuance process, ensuring compliance with stringent regulations. The result is a seamless and secure branded payment card solution that businesses can rely on.

Bespoke virtual and physical payment cards

We supply your choice of virtual or physical payment cards, all with your branding. The cards are authorised by Mastercard or VISA and are integrated with Google Pay™ and Apple Pay™ so your customers and employees can tap to pay securely with their Android or iOS devices.

Data insights from branded payment cards

One of the significant advantages of branded payment cards is the ability to gather valuable data insights. DiPocket fully integrates management of your customised cards into a powerful administrative portal allowing you to analyse customer behaviour and tailor your services accordingly. This data-driven approach can significantly enhance customer engagement and loyalty. Importantly, the customer relationship between you and the end user (your employee or customer) remains with you. Any user data you collect on card use will be under your control.

Branded payment cards from DiPocket

Branded payment cards are a powerful tool for businesses looking to enhance customer loyalty and streamline financial operations. With DiPocket’s comprehensive BaaS solutions, companies can offer customised payment cards without the complexities of traditional banking. By integrating branding into financial tools, businesses can keep their brand in front of customers, boosting engagement and loyalty.

Please get in touch to find out more about how branded payment cards can benefit your business, supporting customer and employee engagement.