Do you know the situation when you have to stand in a long queue with colleagues to get paid? And when such a scenario is repeated monthly, or even several times, it can be accompanied by such negative phenomena as fatigue and a waste of time.

In this context, it is relevant to consider such a financial instrument as a salary card, what advantages it provides, experts from Swiftoo told.

A payroll card is often a regular debit bank card entered into as part of a payroll project between the bank and the management of a particular company in order to credit it with payments for employees. In most cases, the company pays for the maintenance of such an account, and not the holder of the “plastic”. At the same time, the best salary cards are a certain criterion for the reliability of an enterprise, its legitimacy and good attitude towards an employee.

Salary card is a convenient financial instrument 

The development of computer technology has given a great impetus to the prosperity of the financial industry. So, quite recently, virtual cards appeared on the market, which in terms of their functional features are in no way inferior to their physical counterparts. The main convenience of cashless payments and virtual money is security. Such funds are more difficult to lose, and a bank account is also better protected from intruders than the cash that everyone has in their wallet.

Salary cards are accepted today in many, almost all, public places. To implement the payment, it must have a certain amount, and on the part of the seller or service provider – a POS terminal with access to the network. Thus, a person does not need to carry cash with him, and endanger himself.

How is a payroll card different from a regular one?

The mastercard prepaid payroll card differs from other cards in that, although it is personalized, its holder does not order it on his own, the employer does it for him. In some cases, an individual salary card is provided to an employee with a set of additional functions (cashback, overdraft, bonus systems or discounts) – this is individual for each company. Well, and most importantly, the holder does not pay for the service, this task also lies with the management.

What is a payroll card for a company and its employees?

Mastercard payroll card has the following advantages for company management:

  • reduction of terms of enrollment and payment of salaries, bonuses, advances and other accruals to employees;
  • reduction of expenses associated with the transfer of salary, as well as money for travel, sick leave, etc.;
  • the opportunity to issue international cards for foreign employees of the enterprise free of charge;
  • convenient reporting on payments, as well as automation of accounting processes.

In turn, the employee should order a Mastercard prepaid card in order to use these “pluses”:

  • refusal to queue in the accounting department or at the cash desk on paydays;
  • confidentiality of the amount received;
  • special opportunities for holders;
  • easy cash withdrawal from an ATM;
  • Payment for goods and services is available in a non-cash way.

How to draw up a salary card?

Before order a salary card, you should decide on the opportunities that are important for you individually. To answer the question: which salary card is better, it should be understood that some financial companies may offer profitable services, such as an overdraft facility or a high cash withdrawal limit.

Swiftoo cardholders are protected from unexpected spending as there is no credit stake on the account. In addition, the daily cash withdrawal limit reaches £550, which is often enough to fulfill a variety of needs. But in the plane of non-cash payments, there are no restrictions. Pay for goods in real and online stores, order services and pay for them without entering a PIN code.

Our company guarantees customers a high level of security, as well as complete confidentiality of data. So, a prepaid card is not tied to your main bank account, it can be made for a child or receive various payments – each case is affordable and affordable in terms of service costs.

Opening an account will definitely not take much time, nor will it require tedious collection of documentation. If you have any questions, feel free to ask our competent managers by phone or email. We value your feedback and strive to provide feedback promptly. Convince yourself of the high quality of the service provided by the financial company Swiftoo today.

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What is a prepaid card?

It’s used in the same way as a debit card but loaded to a predefined amount and can be reloaded as and when required.
The prepaid card works just like any other bank debit card...

Does it have a credit limit?

No, it’s not a credit card and carries no credit limit. Simply spend what you have!

I need help!

If you have questions related to your card call the customer services team on 0330 135 5850 or Email

Is the card safe and secure to use?

As with all credit and debit cards we use, every precaution needs to be taken to keep the card safe and your PIN secure. Please refer to the cardholder terms and conditions. The prepaid card aims to reduce the need to carry or hold large amounts of cash.

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Issuer Statement:

The SWIFTOO Prepaid Mastercard is issued by Prepaid Financial Services Limited pursuant to a licence from Mastercard International Incorporated. Prepaid Financial Services Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, firm reference number 900036, for the issuance of electronic money and provision of payment services. Registered office: Fifth Floor, Langham House, 302-308 Regent Street, London, W18 3AT. Company Registration Number: 06337638.

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