Wirecard AG now offers payout cards, a highly convenient alternative to cash and checks in corporate cost management. Because Wirecard payout cards are a low-cost, swift and secure way of organizing payments to staff and business associates, making defined amounts available anywhere in the world within seconds.

Wirecard AG offers two types of payout cards.

Personalized cards: The card owner can spend his money by using his personalized card at a point of sale or on the Internet, or by using his PIN to withdraw cash from an ATM.

Non-personalized corporate cards: This type of payout card is designed to replace cash. The recipient can use the card only to withdraw cash at an ATM.

And this is how payout cards work: Companies using the cards will have a corporate account with Wirecard Bank AG. When a card is loaded either manually or automatically with an amount to be paid out, the company’s corporate account is debited with that amount. The customer receives standard electronic bank statements, which can be read into the customer’s financial system.

Payout cards offer companies a number of key advantages: improved budget control, less manual work, full transparency and cost benefits. This way companies can save a minimum of EUR 1.50 on each payout made.