Debit card
A prepaid debit card with a convenient difference – it’s supplied from a main account, not preloaded.
How it works
The card works on the MasterCard network in much the same way as an ordinary debit card. It allows the holder to draw cash from their account at an ATM, or to spend wherever MasterCard is accepted.
Business benefits
Unlike normal prepay cards, the PsiPay debit card has the advantage that it doesn’t require funds to be pre-loaded onto it. Instead, purchases and withdrawals are debited directly from the main PsiPay account, as with a standard bank debit card. At the same time, it retains the advantages of a prepay card in that it cannot be overdrawn by the user.
- Easily assign and manage cardholder loans and replenishment.
- Have transparency at every stage of the payment process.
- Control expenditure with flexible limitations and audit trails.
- Reduce out-of-pocket expenses and cumbersome reimbursement.