Paysack Meal Card is a rupee-denominated reloadable magnetic stripe prepaid card. It is a open user group card that is accepted at all RuPay Merchant outlets for food and non-alcoholic beverages. This card comes with a 2-year validity.
Yes, you can start using the Paysack Meal Card as soon as you get it.
Yes, Paysack (via Equitas Small Finance Bank) does send SMS alerts for purchase and load transactions. You will receive transaction alerts on your registered mobile number with Paysack.
There are no charges applicable on purchase transactions.
The Paysack Meal Card can be used to purchase food and non-alcoholic beverages at all RuPay accepting Food, Grocery, Non-alcoholic beverages Merchant outlets.
You can use your Paysack Meal Card to make payment against home delivery if the merchant you are purchasing from is equipped to support the same.
These cards are not enabled at any Bank ATM and no cash withdrawal is possible.
You do not have to look for Paysack stickers regarding acceptance.
Our Paysack Meal Card are accepted at all RuPay merchants who are registered under one of the following merchant category code:
5411 - Grocery Stores, Supermarkets
5811 - Caterers
5812 - Eating Places, Restaurants (Swiggy also here)
5814 - Fast Food Restaurants
5462 - Bakeries
5499 - Miscellaneous Food Stores.
Download the free Paysack Mobile App: http://apps.paysack.com/, Alternatively, you could also go to https://user.paysack.com/ from a web/mobile browser and login with your username and password. This will give you details of company card load transactions and also list of all transactions you carried out with the Paysack Meal Card. You would also be informed about various offers/deals from restaurants and food outlets around you.
Paysack Meal Card doesn't implicitly nor explicitly specifies any minimum amount for purchase at food or groceries outlets or supermarkets. However, this may be a merchant policy to accept digital payments with a set minimum amount.
Paysack Meal Card can be loaded only by the company with any amount up to a maximum of INR 10,000/- on any given day. Also, the Paysack Meal Card balance of previous month is carried forward to the next month and cannot exceed the wallet limit of INR 10,000/- on any given day. When the value on the card exceeds the prescribed limit (up to a maximum of INR 1,00,000/-), it is mandatory for the Cardholder to complete the KYC registration process.
RBI guidelines specify capturing and validating consumer information for certain value issued on prepaid cards.
a) If, the value on the card is less than the prescribed limit; minimum consumer information is mandated. This is already provided by your company and the cardholder need not provide any additional information.
b) When, the value on the card is greater than the prescribed limit, Cardholder will need to provide his/her proof of identity and proof of address.
• Consumer will have to register and logon to Paysack Cardholder portal (https://user.paysack.com/).
=> Login to the portal
=> Click on the ‘My Profile’ option
=> Select the ‘KYC’ option
=> Upload documents.
• Once Paysack receives these documents, we will check and confirm the same.
• You will receive an email confirming KYC registration status
c) Post KYC registration the card value can reach a maximum of Rs. 1,00,000.
Do write into email@example.com, To help with the query, do include your Card Serial No. (000000XXXXXX) with the email. You can find this number at the bottom of the card below the magnetic strip on the back.