Paydirect Card Benefits
The PayDirect Card is the ideal alternative to traditional payroll cheques, which also helps your business increase efficiency and builds employee loyalty.
Benefits to corporate
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Instant Payment
The PayDirect card completely eliminates the need to stand in line at a bank to deposit paper cheques or cash. The card can be used soon as it is activated.
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Elimination of cash or cheque-based payments and associated paperwork
Cheques are difficult to handle, process and reconcile while a PayDirect Card is easily stored, issued and tracked. Also its transaction time is faster than any other exchange medium - just swipe the card to complete the purchase!
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Reduced administration cost
Use of the PayDirect Card decreases the cost otherwise associated with issuing payroll cheques, replacing cheques and stopping payments of lost cheques. It also reduces the possibility of fraud and loss associated with cheques
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Increased productivity
The PayDirect Card frees the management staff from handing out cheques while employees don't need to leave work to get cheques cashed. The card can also be used to manage your employee expenses.
Benefits to cardholder
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No requirement of minimum balance
Your employees need not maintain any minimum balance on their cards. So, they can spend the way they want till the balance comes to zero.
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Safe and secure
The PayDirect Card not only increases safety (because of the limit placed on the liability to the cardholder for lost or stolen cards), but also may provide a sense of personal empowerment and security since purchases can be made directly with the card. It allows cardholders to shop online, via catalogue or telephone and pay bills online - the choice is yours!
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Online shopping
The ICICI Bank PayDirect Card has been enabled for making payments for online purchases. For security on the internet, you need to register for “Verified by Visa” prior to usage of the card.
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Lost-card blocking and replacement
If an associate loses their PayDirect Card, all they need is to call our Customer Care to block the card. Once a positive verification is made, the lost card will be blocked and a new card request will be initiated.
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Flexibility of use
There’s no need to spend the entire amount in a single swipe or at a single shop. The value and location of the purchase is at the sole discretion, convenience and will of the cardholder.
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Enjoy offers and discounts
Paydirect card holder can avail amazing discounts on shopping, dining, fashion and travel , for details please visit Click Here