As payment technology continues to rule the world, debit cards, credit cards, and even mobile devices are always close at hand, for most. Venmo and Cash App are today's biggest payment apps to transfer funds digitally and require a bank account, but for instant cash, it could take you days for the money to transfer to your bank account or weeks to receive their branded card. And what about those who are unbanked/underbanked, especially right now, with many banks closed or working on a limited capacity due to COVID-19 and the global pandemic?
COVID-19- How are underbanked people being affected?
Pre-pandemic unbanked/underbanked turned to Western Union and similar type institutions for their money needs but those services don’t provide fully digital or instant solutions. Currently, many of those in-person services have limited availability that include substantial risk of receiving cash in terms of spreading germs and the COVID-19 virus.
An Enterprise Solution:
As many employees are now working from home during the pandemic, some companies are turning to StoreCash as a simple gesture to thank their employees, boost morale and send rewards/incentives during the pandemic. Employers send StoreCash credits to hundreds of employees in less than 5 minutes with just the recipient’s name, phone number or email, and the amount, and StoreCash handles the rest- saving employers time and money.
How we are giving back:
As we all continue to navigate new normals of quarantine life, StoreCash is offering many incentives to go digital.
- Now offering up to 10% cash back at food and other online retailers.
- GIVEAWAY TIME! StoreCash has pledged to give away up to $15,000 to new users who sign up from May 11-22. Prizes will be awarded in increments of $1, $3, $25 and $100 in instant cash for over 200+ major retailers.