Premium is the only business-to-business prepaid MasterCard® card designed for payroll applications and comes with clear benefits for everyone. It is designed to cut cost and complexity from employers’ payroll process and provide employees with a flexible, secure alternative to cheques and cash.
Implementing Premium for your payroll is quick and simple with minimal integration required, and there are no fees to pay up front.
Benefits for Employers
Reliable: Premium is backed by Edenred, the UK’s leading supplier of incentives and rewards, employee benefits and expense management solutions, as well as the world leader in prepaid services.
Cost-Effective: Avoid the millions businesses waste each year on lost, stolen or uncashed cheques; Premium eliminates the cost of printing, processing and mailing cheques and paper pay stubs.
Flexible: Premium can be tailored to suit the needs of your business: it supports multiple electronic payment types, you can apply your own controls; you can even have your own branded cards. Use it for travel or expense management, as well as payroll.
Secure: Premium avoids the risk of cash and eliminates the threat of cheque counterfeiting and fraud.
Valuable: Premium can be used to improve employee engagement and retention. More than just a payroll card, Premium can be used by employees to collect benefits and other payments, or topped up with cash at thousands of PayPoint and Post Office® locations nationwide.
Benefits for Staff
Flexible: Premium gives you access to your money 24 hours a day, 7 days a week. It can be topped up at 34,000 Post Office and PayPoint locations, and allows more than one of your employers to put money on it.
More choice: Premium can be used at cash points, online and at over 29 million places and shops worldwide as part of the MasterCard network.
Additional cards: Up to 4 additional cards can be ordered so you can share your money with family or friends - both in the UK and abroad.
Secure: Premium is PIN protected, so eliminates the need to carry cash. If the card is lost, we will put a block on your account and immediately order you a replacement card.
Money saving: Using Premium can also save you lots of money as there’s no need for you to pay to cash cheques or get money orders.
Practical: Premium is just like a normal credit or debit card but you can only spend what you load.
Easy: Approval for a Premium card is 100% guaranteed*.
*Subject to ID verification.
WHY PREMIUM FOR STAFF?
WHY PREMIUM FOR EMPLOYERS?