This is a prepaid card that can be sent and redeemed internationally wherever Debit Mastercard is accepted,* making it the ideal solution for businesses scaling globally and embracing remote work.
The new Giftbit Virtual Prepaid Mastercard in USD lets clients simplify their international rewards and incentive programs by offering a single, easy-to-deliver reward that can be enjoyed in much of the world. These prepaid cards are primed to be part of a flexible, universal reward system that matches the speed and reach of modern global operations.
And with international access, mobile wallet enablement, and no minimum participation rates (MPRs) or implementation fees, it’s beloved by go-to-market teams, finance teams, and recipients alike.
If you want to send rewards and incentives to employees, clients, or customers who are based internationally, here’s what you need to know about Giftbit’s new prepaid Mastercard now available in USD.
In a word: yes. The Giftbit Virtual Prepaid Mastercard can be spent in both the US and in any other country approved for cross-border distribution.
In other words, if you need to send rewards and incentives beyond Canada and the US, this is the best prepaid card option for you.
“More businesses are global faster, especially with the rise of remote work,” says Leif Baradoy, Giftbit CEO. “They need rewards and incentives that are as global and flexible as their other business operations.”
Again, this prepaid card can be used worldwide, anywhere Debit Mastercard is currently accepted. This availability is determined only by US Sanctions Programs and local regulations in other countries—not by Giftbit. Giftbit and our issuing partners comply with all laws applicable to prepaid cards. The list of approved countries is based on US Treasury sanctions programs, local regulations in other markets, and routine risk assessments conducted by the bank and network partners.
To see all the approved and sanctioned countries where the Virtual Prepaid Mastercard can be spent, please see here.
The Giftbit Prepaid Mastercard lets you spend 100% of your budget on your rewards. Giftbit has no MPRs or implementation fees, account fees, or subscriptions.
You can send these prepaid cards in any denomination ranging from $25-$2000 USD. If you need to send specific amounts for payouts, you also have the option to send in decimals (like a $33.33 prepaid card, for example).
The Giftbit USD Virtual Prepaid Mastercard is the perfect cross border payment solution for incentive buyers with audiences located both inside and outside the USA. It lets them offer a single reward, knowing that it will be well-received globally.
Plus, your recipients will love getting a prepaid card. That’s because they already know and trust the Mastercard brand, and they’re able to choose how they spend their rewards. It’s also a particularly great choice for those in your audience who prefer to shop locally.
Specifically, businesses tend to choose the Giftbit Virtual Prepaid Mastercard with USD for several reasons, including:
Since this prepaid card can be sent internationally, it allows businesses to build robust and inclusive programs that grow with them. It’s a simple and holistic tool that can be used to deliver rewards and incentives globally.
If you’re based in Canada or the United States but manage a program that sends internationally, we don’t need to tell you how much time it can take to find the best merchants in other countries.
On the other hand, using a straightforward option like this prepaid Mastercard takes out all the legwork (and guesswork) when it comes to sending to your global recipients. One click from you, and you can give your recipients a reward that can be used in any non-sanctioned country that accepts Debit Mastercard.
Giftbit’s industry-leading streamlined API is incredibly easy to integrate into your existing workflows, and incredibly easy to get up and running.
Plus, with Giftbit’s comparatively lightweight KYB (‘Know Your Business’) approval process, it can be much quicker and easier to expand the global reach of your programs.
Tell your finance team they can (finally!) say goodbye to currency conversion headaches.
The Virtual Prepaid Mastercard lets you fund and send globally in a single currency (i.e., USD). This means no one needs to waste time looking up daily FX rates or managing funds in multiple prepaid buckets anymore.