The Pluxee Cashback Card & Online Cashback Deals: What You Need to Know
24 February 2021
Our Pluxee Card and Online Cashback solutions are employee benefits that open up a world of opportunities for your people and business. You may hear the term cashback often since it’s regularly used to entice consumers to make high-end purchases. That’s a different world to cashback as an employee benefit. Read on to discover what cashback can do for your people and business.
What’s the Point of Cashback Deals?
We associate cashback deals with high-purchase products. They’re a sales pitch tool when a company entices you to part with a substantial amount of cash. That’s a different world to cashback as an employee benefit that supports financial wellbeing.
61% of employees want their employer to do more to help them during the cost-of-living crisis. Cashback cards & online cashback deals = salaries stretched further!
Bagging a bargain makes us feel good, but there’s more to employee cashback deals than that - they’re crucial in today's climate. We’ve partnered with over 80 retailers to bring you our Pluxee Card. Powered by Visa, your employees can earn up to 15% cashback when they use it to pay for goods online and in-store with a participating retailer.
At Pluxee UK, we want your people to have as many opportunities as possible to stretch their salaries further. There are things in life we can’t live without - our daily essentials like the weekly grocery shop, which is why we partner with the UK’s leading supermarket chains, offering cashback deals on the things you want and need.
What Are Cashback Deals for Employees?
Employee cashback cards allow your people to earn cashback every day!
Whether they use their cashback earnings to reduce the cost of their next shop, contribute to an energy bill or help with the cost of Christmas - you can put the power to earn while they spend in employees’ hands.
How to Earn Cashback with the Pluxee Card
There are technical elements to consider when we talk about our Pluxee Card. Cashback may give your employees extra funds, but we refer to them as earnings instead of savings because they’ve had to spend the full amount at the checkout and then earn the cashback.
We make this distinction because our Employee Discounts Platform delivers savings by reducing the cost of the purchase.
Our Cashback Card in Action
Your employees shop with one of our participating retailers offering (as an example) 4% cashback. Their bill comes to £129; they use their Pluxee Card as payment, and from that £129 spent, they earn £5.16 in cashback.
It doesn’t go in your bank or come off your bill - you spend the whole £129 at the point of purchase. Cashback benefits come a little later when the percentage earned appears in your Pluxee Card account as an available balance.
Let's look at the bigger picture... £5.16 cashback earnings per weekly shop x 52 weeks a year = £268.32 in cashback earnings! With over 80 participating retailers, the potential to earn cashback with our Pluxee Card is limited only by how often your employees use it.
Online Cashback Deals
Our Pluxee Card allows your employees to earn cashback on the go with over 80 retailers, but our Online Cashback platform has over 400 cashback offers! Available as part of our Employee Discounts Platform, our Online Cashback deals give your people more opportunities to stretch their salaries.
Employee Discounts and Online Cashback Deals … What’s the Difference?
You may access both via the same platform, but Employee Discounts and Online Cashback are fundamentally different.
Employee Discounts
We partner with over 150 retailers, enabling your employees to purchase a discounted eVoucher to spend with their chosen retailers. Retailer discounts vary, with some offering up to 20% off. The saving happens at the point of sale, as per the example below:
Employee purchases an £80 retailer eVoucher + retailer applies a 7% discount (£5.60) = Employee spends £74.40 on an eVoucher worth £80!
Online Cashback Deals
Employee clicks onto an Online Cashback offer and purchases an item/s for £80 + retailer applies 7% cashback (£5.60) to the sale = Employee spends £80 at the point of sale but £5.60 is returned to their account as cashback once the retailer has processed the transaction.
What are the Benefits of Cashback Cards for Your Business?
There’s no disputing that our cashback schemes are great for your employees, stretching their salaries further, allowing them to afford more things that bring them joy and helping alleviate their money worries.
Read our blog, ‘The Pluxee Cashback Card... the employee benefit for household support’, to learn the significance of this financial wellbeing-boosting employee benefit.
Our employee cashback solutions are undoubtedly great for your workforce, so now, we’ll explore the benefits to your business.
Strengthen Your Employee Value Proposition
The strength of your Employee Value Proposition (EVP) determines how quickly you can recruit fresh talent, retain loyal employees, reduce absenteeism, increase employee engagement, and so much more!
As we share in our Guide to Building a Sustainable and Cost-Effective People Strategy, 75% of employees express more loyalty towards their employer if they feel supported = higher employee retention rates.
Employee benefits are so much more than a workplace perk; they provide significant financial support. Your benefits package also helps you attract top talent. 74% of employees state that a potential employer's benefits package forms an integral part of their decision-making process when considering accepting a role.
Recruiting new talent can be an expensive and lengthy process. Shorten yours by offering a financial and lifestyle-improving employee benefits package, which includes cashback-earning opportunities.
Why Trust Pluxee UK to Delivery Your Cashback Scheme?
We’ve established what cashback can offer your business and people, but what about the difference partnering with Pluxee UK can make?
In today’s fast-moving and unpredictable business landscape, every advantage helps. As a business, you need a trusted partner you can rely on to always be there - even when unexpected challenges appear.
At Pluxee UK, we build powerful partnerships with our clients, merchants and consumers. Whether it be becoming an employer of choice, improving the loyalty and retention of your people, a greater alignment to your cultural values, achieving higher performance or ultimately enhancing the engagement of your employees - Pluxee gives you the tools and the power to make it happen.
