Using prepaid debit cards for businesses

From multinationals to SMEs, companies want to avoid burdensome and restrictive payment processes switch off to increase payment convenience and improve their efficiency. Credit cards have provided many organisations with security and flexibility for years when it comes to business spending by employees. However, SimpledCard's prepaid debit card for businesses offers the convenience and efficiency that organisations need today.
The hassle of repeatedly negotiating credit card contracts with various local banks for small teams of employees has led many companies to replace traditional credit cards with prepaid debit cards.
Prepaid cards offer organisations the optimal solution for managing business expenses such as travel, office and online spending.
SimpledCard specialises in providing fully integrated business prepaid cards and a Card Management System to monitor spending in real time.
SimpledCard's corporate payment cards resemble the normal credit cards of European banks and feature a Mastercard- either Maestro-logo, but their balance is preset by your organisation through the Card Management System.

Advantages of prepaid cards for businesses

❯ Direct access

SimpledCard payment cards for businesses are accepted anywhere in the world where the Mastercard or Maestro logo is displayed, allowing your teams to make necessary payments anywhere.
Card deployment helps transform complicated processes of organising corporate spending into a simple process that can be done at any time.
This allows organisations to expand their operations across the country or globally, as local employees can spend their time on achieving growth goals instead of focusing on tracking their expenses and receipts while travelling. Moreover, you can load money onto the card and spend it in other currencies without exchange fees.

❯ Always available

If your organisation has offices in different countries or regions, prepaid debit cards are the best option. The endless filling of applications for credit cards combined with laborious negotiation of credit card limits with different banks limits the use of traditional credit cards. This increases inconvenience for your organisation.
SimpledCard cards do not have all these requirements and are therefore more easily available for implementation across all local business units.

❯ Control account for operating expenditure

Using a business prepaid third-party account with integrated software helps your organisation monitor expenses as they are incurred, ensuring accurate and timely accounting.
With rechargeable payment cards, employees have the freedom to incur expenses efficiently, while managers have the assurance that the company's money is well spent.
A sub-account for each local office helps keep the books separate for the different entities, while the central finance team maintains a real-time overview via the online Card Management System.

Getting started with business prepaid debit cards

With SimpledCard, you have insight into all business expenses. Thanks to the SimpledCard mobile app and the online Card Management System, your organisation can easily track all expenses by card, by department or cost centre and integrate them directly into the accounting system.
Contact us today and get more information on how your organisation can derive maximum benefits from the SimpledCard payment cards can fetch.