What Are Prepaid Debit Cards For Business?
Business prepaid debit cards allow managers to easily monitor employee spending. Cards can be activated and set with budget and category rules and assigned to employees on a permanent, or as needed basis. Prepaid business debit cards are perfect for when employees travel and will automatically capture receipts, making bookkeeping simple and businesses not having to waste resources on time-consuming reconciliation. Funds only need to be loaded onto the card when a purchase request has been approved and employees can use their business prepaid debit card online or at any location where Mastercard is accepted. Prepaid business debit cards can easily be created or destroyed and are not subject to any costly interest fees or late charges.
How To Issue Prepaid Cards For Businesses
With our prepaid business debit cards, you do not need to collect sensitive information from your employees and contractors. All you need is an email and name – it’s that easy.
Business Prepaid Card Features
- Set budgets and limits
- Set time & category restrictions
- Transfer funds instantly
- Capture receipts automatically
- Enable and disable cards with just one click
What Are the Benefits of Business Prepaid Debit Cards?
- No need to share one corporate card
- No need to collect personal information
- No more overspending
- No need for employee reimbursements
- No receipts and paperwork
Assign cards using just a name and an email address. Require receipts after every purchase.
Virtual or Physical Cards
Order physical cards or create virtual cards which can immediately be used for online purchases.
Enforce Expense Policies
Enforce granular spending restrictions on each card for specific vendors, events, or employees.
Virtual card numbers are available immediately and can be used for online or
Securely share a card with multiple people to enforce group budgets.
Enforce expense policies by requiring receipts after every purchase or after purchases over $75.
Review Transactions in Real-time
Review transactions in real-time and filter purchases by date, category, or card.
Export expenses to QuickBooks or download bank statements in .CSV, .OFX, or .PDF format.