Many companies use prepaid cards in combination with tax-free benefits as incentives for employee motivation. The majority of these cards are issued by Wirecard Card Solution Ltd., a subsidiary of Wirecard AG, which filed for insolvency on June 25, 2020.
The credit on the BestChoice ShoppingGiftCard can be redeemed for gift cards and branded items from over 150 attractive brands based on the user’s preferences, allowing individual interests to be catered to. And also tax advantages can be used!*
cadooz is the leading expert in incentive marketing. With innovative rewards environments, digital solutions, and our range of services, we have been a specialist in the area of employee motivation through incentives for more than 19 years.
Any questions?
We will be happy to provide you with detailed advice on our attractive alternative. To get in touch, just use our contact form or call us at +49 40 27 14 82-236. We will be happy to answer all your questions about switching, and will provide you a comprehensive quote so you can continue to incentivize your employees on a monthly basis.
Wirecard situation
On Thursday, June 25, 2020, Wirecard AG opened insolvency proceedings at Munich District Court. Wirecard Card Solution Ltd. (“WDCS”), a subsidiary of Wirecard AG, is an e-money institution and issuer of many prepaid cards that are frequently used in conjunction with tax-free benefits. In the context of the application for insolvency by Wirecard AG, the British Financial Conduct Authority (FCA) temporarily suspended the business operations of WDCS from June 26 to June 30 , 2020 and blocked the WDCS accounts during this period for the protection of customer funds. After this period it was possible to use the cards again as usual; however, further insolvency-related developments on the part of Wirecard AG are not currently foreseeable.
€44 benefit situation
On November 7, 2019, the German federal parliament passed a bill related to benefits, which came into effect on January 1, 2020. Because of this change in the law, there is still significant uncertainty as to which cash cards can be used for the granting of benefits in the framework of the €44 exemption limit as of January 1, 2020.*
OUR ALTERNATIVE: THE ALL-IN-ONE BESTCHOICE SHOPPINGGIFTCARD
Each of your employees is an individual with their own needs and preferences, making it difficult to find something that will make them all happy.
We have developed the BestChoice ShoppingGiftCard to solve this problem. BestChoice credit can be redeemed in exchange for gift cards and branded items from over 150 attractive brands, based on the user’s preferences.
Each of your employees is free to make their own choice. The diverse range from various theme segments offers something for everyone, from fashion and beauty to electronics and furniture, travel and sport, and entertainment and gastronomy.
OUR RANGE OF ADVANTAGES FOR NEW CUSTOMERS!
We have put together a highly attractive range of advantages exclusively for new customers, for a short time only. It means you can also continue to incentivize your employees on a monthly basis – entirely quick and simple. The following three options are available with a face value of €20, €40 and €44:
Over 150 brands, including: IKEA, Rossmann, Zalando, and Douglas
Our exclusive offer for you:
€0/gift card service fee
plus the face value**
Original list price: service fee of €2.20 (for a face value of €44)
Over 150 brands, including: IKEA, Rossmann, Zalando, and Douglas
+ an additional 2 top brands: Amazon & Media Markt
Our exclusive offer for you:
€1/gift card service fee
plus the face value**
Original list price: service fee of €4.40 (for a face value of €44)
Over 150 brands, including: IKEA, Rossmann, Zalando, and Douglas
+ an additional 2 top brands: Amazon & Media Markt
+ food retailers and gas stations
Our exclusive offer for you:
€2/gift card service fee
plus the face value**
Original list price: service fee of €6.60 (for a face value of €44)
Contact us
Want to give your employees more recognition, or do you have related questions? Then please feel free to get in touch using our contact form or call us at +49 40 27 14 82-236. We’ll put together a complete offer for you and show you how you can put our products to the best use and show more appreciation.
Coming soon: the reloadable BestChoice ShoppingGiftCard
We are currently working intensively on being able to also offer you a reloadable version of the BestChoice ShoppingGiftCard. So take the opportunity to test our existing product in advance entirely-risk-free, subject to special conditions!
ABOUT CADOOZ
As a leading expert in incentive marketing, we are well-versed in this area and are available to support you with our extensive expertise at any time. With innovative rewards environments, digital solutions, and our service offering, we are also specialists in employee motivation by means of incentives.
We bring brands and people together, and our network of over 500 gift card brands meets every employee and customer interest. Our goal is to maximize your employees’ motivation and satisfaction!
REFERENCES
These and other customers are already successfully using our products to motivate their employees and increase employee loyalty:
*Please note that this selected information does not constitute individual tax advice and does not replace the advice of a tax consultant. In particular, the specific facts and individual circumstances must always be taken into account here, as well as further current aspects relevant to tax and social insurance that go beyond the income tax presentation.
**These advantages are intended exclusively for new customers, and only relate to the BestChoice ShoppingGiftCard in the employee design as well as the “Employees” main use purpose, and apply only for a short period of time.