Interesting discussion with my team regarding commission payments...idea!

We were chatting about how we pay our reps commission, and an interesting concept came up:


Would you be for or against being paid commission via a pre-paid-style debit card?


Traditionally, the commission payout is paid as a combo with your standard paycheck (yes, some companies make them two separate checks paid on the same day due to payroll and tax reporting purposes). For some reps, this makes splitting their commission from their standard paycheck that they use to pay the bills difficult...but what if that never had to happen and the money was instead routed directly to a "Closers Card" or something of that sort?


Features could include electing what portion of your check is on that card and what portion goes into your personal bank account. I would have personally loved that because then my commission dollars would be my free and clear money to spend...and I could stop my wife from prompting me to consider "we" gifts. (Edit: this part is a joke...we have our shared account and our personal accounts and we don't ask each other what we spend our personal money on)


Would you be down for that? Is it overly complicating a non-pain point? Thoughts?

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13
Justatitle
Big Shot
4
Account Executive
For me it’s a no. Just put it in my bank account and I can divvy it up from there. I don’t need another card to manage and worry about so I’d rather just keep it in one place 
poweredbycaffeine
WR Lieutenant
1
☕️
That was my initial thought as well, but considering I have to remember to use my Divvy card when traveling instead of my personal card, what's one more?
Justatitle
Big Shot
1
Account Executive
1 more… I’m lucky my head is attached to my shoulders or I’d lose it
Hotlead
Politicker
2
Producer
Hard no 
funcoupons
WR Officer
1
👑
I wouldn't want it. Just deposit it to me directly and I'll deal with divvying it up myself.
poweredbycaffeine
WR Lieutenant
2
☕️
Personally, I already have two accounts that I move money between. I know how much I need to cover bills and I move the remainder into an isolated account. However, for our budget-adverse younger reps, this might give them clarity.
funcoupons
WR Officer
1
👑
I don't think it's an employer's responsibility to teach employees how to manage their money. It's a nice thought, but it's adding an extra layer of effort for your team that really doesn't need to be there. 
TheDeplorable
Politicker
1
AE
Too complicated. Keep in one place
ChunkyButters
Tycoon
1
AE
Nah, fuck that. Pay me into my direct deposit account.

I'll divvy it up. Sometimes I want to splurg on a dumb purchase, sometimes I add it to my 401k/IRA, sometimes I want to move it to a different savings account.

Fuck my funds being on a separate card. If reps are having difficulty managing their funds, thats a money management problem. If your hiding the money from your spouse, that's a whole different problem....
poweredbycaffeine
WR Lieutenant
1
☕️
Coming in hot...so I'll put you down for a no.
CaneWolf
Politicker
0
Call me what you want, just sign the damn contract
FUCK NO. Asking for trouble/spending. Put it in my bank account.
poweredbycaffeine
WR Lieutenant
1
☕️
Expand on what you mean by " asking for trouble/spending", please.
CaneWolf
Politicker
0
Call me what you want, just sign the damn contract
Debit cards going missing, younger reps blowing the commission because it's on a card in their hands, etc.
poweredbycaffeine
WR Lieutenant
1
☕️
I mean...if it's in your checking account isn't it already on a card?
CaneWolf
Politicker
1
Call me what you want, just sign the damn contract
There's a psychological difference between giving somebody a card and saying "this has $30k on it" vs "$30k was deposited into your bank"
Chep
WR Officer
0
Bitcoin Adoption Specialist
I only say no because I have a percent of my paycheck going into my brokerage and a percent going in my checking for bills etc. I like the idea that even when I make good commission money part of it is still being saved/ invested in my brokerage. I already have like 10 different types of cards (Venmo card, Robinhood card, Apple card, traditional Wells Fargo credit and debit cards) so personally, the idea of more cards does not appeal to me but maybe if I didn't already have so many cards this would be cool
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