Since it entered the market, Standard Bank PayCard has proven its versatility, being used by companies in the most varied sectors, from products to services. Today it is very commonly used by construction companies, schools, aviation companies, NGOs, farms, furniture factories and many other types of companies. So, we can say that any company can benefit from this service.

These prepaid cards have a maximum amount of money they can hold. An employee can keep an amount of up to R25,000 on their card. Furthermore, a company can only issue individual employee payments amounting to R25,000 per month. If an employee has already reached the limit allowed by that card, all subsequent deposit attempts will be declined. However, an employee can move their balance to another account or withdraw it to continue receiving their salary and payments.

Yes! The same card can be used by the same user uninterruptedly for a maximum of 3 years. After this period, the employer must apply for a new card by paying all card issuing fees again. As long as a card is inactive for a long time, it will not be deactivated. However, after 12 months of no transactions, the cardholder will pay R16.00 for each month the card remains inactive.