Monetary Incentives
Digitally disburse rewards and incentives in the form of ACH and PayPal transfers.
Thankfully the days of manually sending checks in the mail or keeping physical cash on-site are gone.
A Quick Comparison
| Checks & Cash | Tremendous (ACH & PayPal) | |
|---|---|---|
| Fulfillment Time | Up to weeks | Instantaneous or up to 2 business days |
| Operational overhead | Cut checks, fill envelopes, verify delivery, resend checks, obtain cash, store cash, disburse cash, etc. | Very minimal |
| Reliability | Frequently lost and stolen | High reliability |
| Accounting | Difficult to track uncashed checks and unpaid cash | Know exactly what your liabilities are |
| Fraud risk | High fraud risk | Low fraud risk |
| Security | Recipients have your bank number (check); physical storage is a liability (cash) | Sensitive data remains private; nothing physical to store |
Boosted employee morale and delivered on their core cultural values with their peer to peer bonus program.
Incentivizes their volunteer network to assist in necessary bicycle supply operations across locations.
Tremendous has made rewarding our user research subjects so simple. I can't recommend it highly enough.