| An offshore company is, by definition, formed in a | | | | these cards for a micro loan business anywhere in the |
| jurisdiction away from the country of origin of its | | | | world. |
| individual or corporate owner. Almost exclusively such | | | | |
| a company does business outside of the country | | | | These cards are used with major credit card |
| where it is formed. An offshore company often finds it | | | | companies allowing use world wide. Such a card is |
| most efficient to pay for a variety of recurring | | | | easy to carry and allows the payee to take complete |
| expenses, or even one time expenses, by using its | | | | payment at once or use the balance as needed for |
| own brand of white label debit card. | | | | expenses. |
| | | | | |
| The payee, such as an employee, contract agency, or | | | | Offshore companies find the range of card options |
| client, holds a debit card which the payer, the company, | | | | appealing as the white label debit card can be allied |
| funds when payment is due. This system is especially | | | | with Visa or MasterCard. The company can order |
| effective for paying salary or reimbursing employee | | | | EMV chip cards or the traditional magnetic strip. Cards |
| expenses when the employee is working and traveling | | | | can be embossed, personalized, or can be a strictly |
| far from the home office or when a client is similarly | | | | anonymous appearing card. The company can decide |
| hard to send payment to. | | | | how much money to load cards with as a standard |
| | | | | feature or have them shipped with a zero balance. |
| A white label program will include the software for | | | | Cards can also be activated if circumstances will not |
| integrating payments systems with the company's | | | | allow the recipient to activate. Cards can also be |
| accounting and payroll systems. A complete "turnkey" | | | | non-reloadable for one time use or can be continually |
| system can be purchased using an offshore bank with | | | | reloadable as would be the case with paying |
| licensing necessary to accomplish the money transfers | | | | employee salary, reimbursements and benefits. |
| necessary to fund the various debit cards that the | | | | |
| company will use. | | | | A white label card program can be so seamlessly |
| | | | | integrated with the company's current payroll and |
| Beyond the matter of simply paying employees | | | | accounting system that it will, in fact, save the |
| roaming around the globe there are quite a few uses | | | | company time and money over the alternatives. The |
| for white label debit cards. Depending upon the | | | | bottom line of setting up a white label debit card |
| business of the offshore company the cards can be | | | | program is really the bottom line of the business. |
| used to pay dividends, incentive payments, payment | | | | Taking care of the business of payments in an |
| and receipt in the gaming industry or Forex payouts. | | | | efficient manner will allow the company owner and |
| The company may, in fact, buy these cards in bulk | | | | key workers to focus on the business of running and |
| along with the appropriate systems an run its own | | | | growing the company. |
| debit card business. An offshore company can use | | | | |