6 ms·
I would think that's a feature for the company, not a bug, since the company should receive those reward points.
by tarr11 11y ago
I would think that's a feature for the company, not a bug, since the company should receive those reward points.
- bmohlenhoff 11y agoProbably true, but it's pretty nice being able to accumulate hotel points/airline miles/car rental credits/etc while on the company dime.
- lm741 11y agoWe actually use the interchange revenue that would be going towards rewards points to pay for the costs of building/running the product. There may be enough left over to do a rewards program in the future, but for now the product is the points. :)
- abalone 11y agoReally, off of debit transactions? I thought interchange is only 0.05% + $0.21, which doesn't seem like enough to power rewards ever. These days I thought it's only credit cards that can support rewards (closer to 2% interchange).
- lm741 11y agoIt's issued under a Durbin exempt, commercial, prepaid BIN.
- abalone 11y agoInteresting! But wait a second... how does this work with prepaid cards? Do companies need to preload funds onto the cards before employees can spend them? E.g for an employee to spend up to $5,000 on a trip, would the company have to preload $5K onto the card? Or alternatively would employees have to get approval for each expense in advance of spending it?
- pbreit 11y agoI believe the company sets up a balance with Dash and all the debit cards tap that balance. So it's pre-funded but not per card.