BRING BACK THE LOCAL ECONOMY
Not that long ago, most business ran on trust and a handshake. We built the infrastructure to bring that back.
Fee-free cards for tabs, invoices, and staff benefits — built for businesses and wage earners who trade locally to support their community.
Our Virtual Cards – Free for participating companies and wage earners
No borrowing | No lending | No interest | No fees
For tab payments
A running tab for all over-the-counter purchases. Receipts are generated in the app, and the total is payable the following week, in bulk.
For invoice payments
Invoices for company purchases, approved in person using the app, with any payment term. Settled in bulk the week each invoice falls due.
For employer benefits
A running tab for wage earners. Employer sets caps, added to or deducted from wages, and the total is payable the following week, in bulk.
For Rewards
Earned primarily for referrals, helping to support the local community. Redeemable at any participating merchants.
Introducing Local Money
There is no way to add money to WageTab. No top-up, no linked card, no balance to load.
Spend for your company, using what it has already earned on tabs and invoices. Spend for yourself, using your Employer Benefit Card. Either way, it’s money already earned, and spent, locally.
That’s what makes it local money.
Introducing Bulk Netting
Every tab and invoice you owe this week adds up into one bulk payable. Everything owed to you adds up into one bulk receivable.
Then we net off the two — only the difference actually is required.
Example: Corner Café owes $5,000 across this week’s tabs and invoices, and is owed $4,000 from other participating companies. Bulk payable, bulk receivable, netted down to one $1,000 transfer — 80% less cash required for the week.
Fact box | Institutional Bulk Netting | The Greatest Cashflow Hack Ever
Netting of payment obligations has been around in the financial system at an institutional level for hundreds of years. Here are some examples of how much less cash is required in some financial markets, meaning trillions of dollars is saved daily:
FX -99% | Stock exchange -98% | Derivatives -74% | Banks -96%
The number is currently 0% for SMEs. We are on a mission to empower SMEs by making netting available to them too.
Benefits for Everyone
No one’s benefit comes at someone else’s expense.
Merchant Benefits
No card fees. Receipts and tabs settle in bulk — one transfer instead of many.
Employer Benefits
A benefit that costs nothing to offer, helps with retention, and adds no payroll admin.
Wage Earner Benefits
Everyday spending on a tab, settled from your wages at payday. No debt, no interest.
Bulk Netting Benefits
Only pay the difference. Fewer transfers, simpler bookkeeping, less cash tied up.
Community Benefits
Trade with people you know. Keep spending local, in person, and build trust.
Why Free?
“Linux runs most of the internet, and nobody pays to use it — it’s infrastructure, not a product. WageTab is built the same way. The tabs, the invoices, the bulk netting engine — that’s infrastructure. It stays free.”
Dr Richard Johnsson
Founder & CEO
Bulk Netting Engine
“Get paid earlier, and someone else just gets paid later — a win-lose. The win-win is to net off payments obligations, and settle just the difference. Banks have done this for 200+ years. That’s what I want to offer to everyone.”
Best Payment Startup Innovation
Asia-Pacific 2025 (Top 4)
Our Virtual Cards – Free for participating companies and wage earners
