[lm741]

We 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]

Really, 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]

It's issued under a Durbin exempt, commercial, prepaid BIN.

[abalone]

Interesting! 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]

I 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.