Advances in technology have enabled incentive program providers to develop insightful reward strategies. Prepaid cards provide greater flexibility and portability for consumers. These cards are ideal for large corporate incentive programs, and they have significant networks that allow your program participants to choose how to spend their rewards.

 

An experienced prepaid card program developer and manager, like Trencent, can help you develop a rewards program and delivery mechanism that creates a fully-branded experience and offers maximum marketing returns. 

 

Prepaid cards are different from traditional credit cards in that they do not rely on a line of credit. Although they contain branded products, like Mastercard and Visa, prepaid card users can only spend what they have preloaded onto the card.

 

Similarly, like bank debit cards, each transaction reduces the balance on the card, but the funds are not linked to a bank account. You can use some prepaid cards to withdraw cash from an ATM, but you can only withdraw the amount loaded onto the card.

 

Some prepaid cards are reloadable – meaning that you can add more money to the card multiple times – while other cards cannot be reloaded. In this instance, you would not be able to add more funds to the card, and then you would simply discard the prepaid card.

 

Trencent makes it easier to understand all of the options available to you. You’re one step closer to developing a rewards program that captivates consumers and delivers impressive results.

 

Contact Trencent to learn more.