Westpac Business Prepaid MasterCard®

The Westpac Business Prepaid MasterCard solution is a business credit card alternative that provides real-time control over employee spending and/or gifts to your customers. Instead of handing over cash or using valuable productive time to complete employee reimbursement requests, easily set budgets on individual employee cards and provide flexibility whilst combining the security of a bank and MasterCard® on a user-friendly interface.

Benefits
Key benefits of the Westpac Business Prepaid programme
  • A choice of single-load or reloadable cards
  • No limit on the number of cards that your business can apply for and use, with additional cards available as your business grows 
  • No credit limits: just load the funds that are required directly from your Business Account
  • Easily issue, load and maintain cards through a secure, self-service, real-time online portal 
  • Issue to employees, customers, suppliers or stakeholders without them having to be a Westpac customer or visit a branch
  • Limit employees' access to certain merchants, and better enforce corporate spending policies with controls to restrict spending to specific merchant categories
  • Cardholders can check their balance and view transactions through their separate, secure, real-time online portal.
  • Get your brand out there by customising cards with your business logo (optional, additional fees and minimum print run applies)
  • Worldwide acceptance at over 38 million MasterCard merchant locations
Options

There are four Business Prepaid card options available. You can choose to implement one or all options, depending on your needs.

Gift Card:
  • One-time load only
  • Pre-selected PIN under scratch panel
  • Designed for business or employee gift/rewards/incentive programmes, or a cash-back programme
  • Maximum load value of $999
  • No cash withdrawals
  • Option to customise cards with your branding, for an additional fee (minimum print run applies)
Single Load card:
  • One-time load only
  • Pre-selected PIN under scratch panel
  • Designed for low value, business-related transactions
  • Maximum load value $999
  • No cash withdrawals
  • Option to customise cards with your branding, for an additional fee (minimum print run applies)
 Multiload card:
  • Reloadable card
  • Chip, PIN and contactless capable
  • Self-select PIN via the Cardholder Portal
  • Option to customise cards with your branding, for an additional fee (minimum print run applies)
  • Maximum load value: NZ$4,999
  • Maximum stored value amount at any one time: NZ$4,999
  • Maximum load amount over a consecutive 12 month period $9,999
MultiloadPLUS card:
  • Reloadable card
  • Chip, PIN and contactless capable
  • Cash withdrawals via ATMs or at branches
  • Self-select PIN via the Cardholder Portal
  • Option to customise cards with your branding, for an additional fee (minimum print run applies)
  • Maximum load value: NZ$999
  • Maximum stored value amount at any one time: NZ$999
  • Maximum load amount over a consecutive 12 month period: NZ$9,999

Cards are not personalised (i.e. the cardholder name will not appear on the card) and can only be used for electronic transactions.

Card management
Real-time Online Administrator Portal

Your business will have access to a secure online portal to allow a nominated administrator to manage the Westpac Business Prepaid programme in real-time.  Administration functions that can be done through the Administrator Portal include:

  • Activating new cards
  • Loading funds to new cards and reloading existing cards
  • Card maintenance functions, such as, card reactivation, card replacement, and card stock orders
  • View card transactions
  • Generate reports and export files
Real-time Online Cardholder Portal

Cardholders log in to the Cardholder Portal to activate their card.  Once logged in, cardholders can:

  • Set or change their PINs (if Multiload or MultiloadPLUS cards)
  • View transaction history
  • View card balances
  • Block a card that has been lost or stolen
Standard cardholder fees & charges
Fee type
Fee
Charge Cycle
Cash withdrawal fee Domestic/Overseas ATM* $3.00 Per withdrawal
Cash withdrawal fee Domestic/Overseas branches $3.00 Per withdrawal
ATM Balance Enquiry fee $1.50 Per enquiry 
Foreign currency conversion fee 3.50% Of converted amount
Dispute fee $15.00 Per enquiry
Voucher copy fee $15.00 Per enquiry

Account holder fees

Business Prepaid Accountholder implementation, configuration and administration fees apply. These amount depend on the requirements of each business.

For further information please complete the Business Prepaid Registration of Interest form.

 

*Transaction fees do not apply when using ATMs within the Global ATM Alliance. Global ATM Alliance member banks are subject to change. All other international and standard fees apply, including foreign currency conversion fees.