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Global Cash Card

Card-based payroll solutions for companies that are looking to make employee compensation fully digital

8

6 Votes

Global Cash Card is a payroll solution that is in the process of converting to a new company name, Wisely. It allows users to create a variety of payroll solutions that can change the way in which individuals are paid.

Businesses can enroll in Global Cash Card and use it for their payroll. The program comes with a variety of flexibility and allows a business or manager to pay their employees via a debit card that the employee can then manage. For many individuals, including people who may not have a checking account, this can be an ideal solution. 

As part of this program, managers and employees can get access to an app that allows them to control their debit cards and see what money is on the card, as well as what money can be expected in the future. This is a highly convenient future, and savvy employees can use the app to ensure that they are being fairly compensated, that their hours are being tracked, and for budgeting purposes. Furthermore, the debit card can have more money added to it, including government benefits. Users can also cash checks on the device or add other money to it.

Fundamentally, the problem with services like this is that they add fees to the users. While they can be good temporary solutions, they can, in the long run, hamper someone's self-sustainability in a complicated financial world. Consumers are always better off opening a checking account, learning the financial system, and managing their own money. The fees that come out of programs like this make it not worth it for consumers. Managers, however, may find it is cheaper to use these programs.

Managers have noted that the program is safe to use and very fast. As such, they have found that it is a great deal on the business side. However, that is offset by concerns on the customer service side, with some individuals noting that the customer service is not as responsive as they wish it were.

Pros:

  • Offers numerous services that can be used by individuals who may not have access to the traditional financial system. 
  • Can save managers money at the expense of their employees. 
  • Provides managers with easy access to a variety of important payroll features. Users also reported that the program is very easy to navigate. 

Cons:

  • A bad deal for consumers in total, as it applies a variety of fees. It is better for consumers to get their own bank account and learn vital financial literacy skills, thus enabling them to be more self-sufficient and save money in the future.
  • The fees that come out of loading a debit card or card with governmental benefits can waste a ton of valuable money for consumers. 
  • Concerns have been expressed about the speed of the customer service.
Company
Global Cash Card
HQ Location
Irvine, CA
Year Founded
2002
LinkedIn® Page
https://www.linkedin.com/company/676158 (111 employees)