Edenred benefits, etc - any good?

[anonymous-user]

Just after peoples views, the company I work for is providing stuff from Edenred but I have never heard of them so if anyone has any experience of them I would be interested to hear it.

[strattonkillick]

We use them, mainly for childcare vouchers. Nobody has any problems with getting them redeemed at a nursery. We do run their offers as well but take up is pretty low.

[anonymous-user]

I do not need the nursery vouchers so didn't see much attraction, now I have been given some sort of 'compliments card' with some money through them. The list of shops that accept is of very limited interest and can't see how if I can donate it all to charity either..

[JoeBolt]

One of the clients my employer is engaged by often gives out Edenred Compliments Vouchers for jobs well done, good safety suggestions, raffle prizes etc. They used to be called Capital Bonds.

Quite a wide range of outlets accept them, both online and on the high street: http://www.edenred.co.uk/spend-compliments-voucher...

I've bought a fair few electrical goodies from Argos using the vouchers.

[Greg-]

Had it where I worked, it was fine but I never really used it for anything as no good deals popped up for me while I was there. Makes sense for childcare.

[chrisxr2]

Have used the currys 6 percent instant gift card a few times now.

[anonymous-user]

Out of curiosity, what do Edenred get out of running the scheme?

I can see the employer saving the VAT on the monetary value of the card but how do Edenred make their money? They obviously get information on the benefit recipients and no doubt the retailers probably pay something but is that all?

[Greg-]

I think the employer has to pay for it as well.

[anonymous-user]

They take/add an admin charge, generally the retail vouchers are part of a broader salary sacrifice scheme the discounts are not amazing but can add up if you spend regularly or are saving for Christmas from a particular retailer. Company saves on the ER ni which more than covers any admin.

[Evanivitch]

5% discount on Morrison's vouchers can be used of fuel.