Prepaid cards are becoming more popular today considering that it makes our shopping lives easier. On top of that, it also helps us do business transactions just like we would with a credit card, but with a prepaid debit card, we have can only spend the amount that we load on the account. A prepaid debit card may almost have the similar functions like that of a checking account and a credit card, but it is different. For one, it is not linked to your bank and you can only use it if you load fund to it. But the great thing about it is you can use it on business transactions. This is great for a business because you can keep your purchases or transactions separate from your bank account. If you are considering to get one, you can also check out PrepaidCards123.
Here five best prepaid cards to business transactions.
Bento is a free prepaid debit card option, particularly for small business owners. It’s great because they offer the first two cards for free. For businesses that will have more than 20 card holders, this is also the most affordable option. When you are signing up for this business prepaid card, they don’t require a personal credit check so is you can easily get an approval after a few minutes.
PEX is the best business prepaid card if you are looking into scalability. This is because it has one of the highest numbers of employee cards in each account at 100. Moreover, PEX offers an unlimited amount of transactions and daily loads daily. However, it has a $7.50 monthly fee per card, but can be waived if you spend about $50k per month. This business prepaid card also charges a $49 one-time setup fee.
If you are looking for more flexibility, but at the same time, still affordable, Netspend is a good business prepaid card option. It is the least expensive and when you are loading funds, it has the most flexible options. On top of that, it also offers a cash and check-free options to give out bonuses, tips, and commissions to employees. Moreover, NetSpend offers 4 ways to load funds.
- Dash Prepaid Mastercard
Dash is also a free prepaid business debit card. With it, you will be able to add funds to your account through a bank transfer. From there, you can distribute funds to your employees. Each one of your team will have their own cards that they can use for the business expenses.
- Emburse Prepaid Mastercard
Emburse Prepaid Mastercard is somehow a little different compared to the other options above. It is categorized into a pre-funded employee credit card but how it works is that a merchant will see the card as a credit card, but you will still preload it like that of a prepaid debit card. This is a preferable option to those businesses that work with a remote team. This addresses one of the challenges that involves with payment as it offers virtual cards.