Westpac Business Prepaid Mastercard®

The Westpac Business Prepaid Mastercard® solution is a clever alternative to a business credit card. Set budgets on individual employee cards in advance, and load more money as required. These also make memorable gift cards for customers.

 

Key Benefits

Grows with your business

• A choice of single-load or re-loadable cards.

• There’s no limit on the number of cards that your business can apply for and use. Simply add more cards as your business grows.

Total flexibility

• Use as a prepaid business card or a gift card.

• No credit limits: just load a specific of money directly from your Business Account. Issue cards to employees, customers, suppliers or stakeholders – they don’t need to be a Westpac NZ customer or visit a branch.

• Enforce corporate spending policies. If required, you can restrict employees’ spending to specific merchant categories.

• Worldwide acceptance at over 38 million Mastercard merchant locations.

Manage it all through an online portal

• Easily issue, load and maintain cards through a secure, self-service, online portal.

• Cardholders can check their balance and view transactions through a separate online portal.

Customise every card

• You can customise your card design to reflect your corporate identity (a minimum print run and fees apply).

Options

There are four Business Prepaid Mastercard options available. You can choose one, several or all of them, as and when suits you. 

1. Gift card

• One-time load only.
• Pre-selected PIN under scratch panel.
• Designed for business or employee rewards programmes, as a gift, or a cash-back programme.
• Maximum load value of NZ$999.
• No cash withdrawals.
• Option to customise cards with your branding or a message, for an additional fee (minimum print run applies).

2. Single Load card

• One-time load only.
• Pre-selected PIN under scratch panel.
• Designed for low value, business-related transactions.
• Maximum load value NZ$999.
• No cash withdrawals.
• Option to customise cards with your branding, for an additional fee (minimum print run applies).

3. 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: NZ$9,999.

4. MultiloadPLUS card

Tip: choose this option if you need to make cash withdrawals.

• Reloadable card.
• Chip, PIN and contactless capable.
• Self-select PIN via the Cardholder Portal.
• Added benefit: Cash withdrawals via ATMs or at branches.
• 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.

Note: Cards are not personalised with a cardholder’s name, and can only be used for electronic transactions.

 

Card management

Administrator Portal

Your business will have access to a secure online portal, so a nominated administrator can manage your Westpac Business Prepaid programme in real time:

• Activate new cards.
• Load funds onto new cards and reload existing cards.
• Maintain cards - card reactivation, card replacement, and card stock orders.
• View card transactions.
• Generate reports and export files.

Cardholder Portal

Cardholders log in to their 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’s been lost or stolen.

Portal implementation and configuration: The implementation and configuration of the self-service administration and cardholder portals also incurs a fee. The amount depends on the requirements of each business. For further information please email us on business_prepaid@westpac.co.nz

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 Account holder 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.

User Guides

Below you can find helpful Cardholder Portal User Guides:  

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For further information please email us on business_prepaid@westpac.co.nz