Consolidate Your Fringe Benefits. Zero Receipt Chasing.
Stop managing separate vendors for wellness, learning, and home-office stipends. Deploy highly customized Lifestyle Spending Accounts directly to your team’s Maxwell Card Visa®. One platform. Total flexibility.
Stop Funding Fragmented Perks
See how the chaos of managing separate point solutions stacks agains a single, unified Maxwell digital wallet.
The Old Way
Fragmented vendors
Manual expense reports
Lost receipts
Unpredictable utilization
The Maxwell Way
✔️ One unified Budget
✔️ Instantaneous digital wallet deposits
✔️ Strict merchant whitelisting or locking
✔️ Zero manual reimbursements
Launching an LSA is This Simple.
Define your policy, fund the wallets, and let your team swipe. We automate the entire lifecycle, from instant funding to seamless out-of-pocket reimbursements.
ONE
Your Rules.
Define eligibility based on your exact budget and goals. Strict merchant locking ensures LSA funds are only swiped at approved vendor categories.
TWO
Automate Funding & Savings.
Deploy real dollars directly into employee digital wallets instantly. You only pay for what actually gets utilized, completely eliminating the waste of gift-cards and underutilized perks.
THREE
Swipe or Submit.
Employees spend funds directly with their physical or virtual Maxwell Card Visa®. For out-of-pocket overages, they submit directly in the app and we handle the reimbursement administration for you.
Frequently Asked Questions
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A: Yes, LSAs are generally a post-tax benefit and are considered taxable income for the employee once the funds are actually spent. However, LSA contributions are tax-deductible for the employer as a standard business expense. Because Maxwell deposits funds into a digital wallet, you only run payroll taxes on the exact amounts your employees actually utilize.
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A: You have complete control over the policy. Because Maxwell is highly customizable, you can choose to let employees roll over ("stack") their funds into the next year, or implement a "use it or lose it" reset where unspent funds are returned to your budget. When an employee leaves the company, you can automatically reclaim the remaining balance (the most common choice) or let them take the funds as taxable income.
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A: Absolutely. As the employer, you define the eligible expenses based on your budget and company culture. Maxwell enforces these rules at the point of sale using strict merchant locking. If you issue a Wellness LSA, the Maxwell Card Visa® will automatically decline if swiped at an unapproved merchant category.
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A: Yes. You can launch multiple customized spending accounts (e.g., a $100/mo Wellness LSA and a $500/yr L&D Stipend) and apply strict merchant locking to each individual wallet. Maxwell is highly customizable so you can create specialty wallets and stipends.
Ready to Eliminate Vendor Fatigue?
Consolidate your fringe benefits into a single Experience Layer. Let's map out your custom LSA program.