Business Debit Card Alternative

How a PEX Prepaid Card can help you with business expense tracking.

Running a small or mid-size business in today's world requires new thinking. Access to and use of credit is not what it used to be, and many small and mid-size companies need a new and better way to manage expenses. PEX Card is a Visa prepaid card that offers the perfect mix of a business debit card and a standard prepaid debit card.

PEX Card offers additional features that are great for businesses of any size. As a PEX Card administrator, you can give each of your employees their own PEX Card and manage all funds and spending from one main account. PEX Card gives you better control over business expense tracking without putting your personal credit on the line or paying high interest rates. Manage individual cardholder funding and restrictions, add or move funds in real time and download reports for better budget management.

Because the PEX Prepaid Card is a Visa prepaid card you do not need credit approval *. You can fund each PEX Card with cash directly from your business bank account via an ACH process or wire transfer, which only you can initiate from the PEX Card administrative website.

You can put $50 on one employee’s PEX Card and $500 on another employee’s card, depending on individual employee requirements and expenses. You can keep a balance of $0 on each card when there is no need for employee spending and then instantly add back the required amount when you see fit — in real time. Or you can replenish each account on a weekly basis — it is all up to you. Here are some examples:

  • If a sales representative is going out of town for a business trip, you can add $1000 to cover several days of hotel, food, and gas expenses to their individual PEX Card. If they only spend $800, you can immediately move the $200 in remaining funds back to your main PEX account upon their return. This money can stay in your main PEX Card account or be moved to another employee who needs it at that time.

  • Let’s say you put $300 on the PEX Card for one of your drivers just to fill up their truck with fuel. However, an unexpected breakdown happens and they need an additional $300 for a repair. They can call you from the road at any time of day or night, and you can log into the PEX Card administrative website and add the required funds instantly, so your driver does not get stuck, losing valuable time and impacting your customers adversely.

Every purchase is logged into our system and you’ll get business expense tracking reports on everything you and your employees purchase with their PEX Cards.

The PEX Prepaid Card is accepted everywhere Visa debit cards are accepted. It’s built for business so you have real-time control over each card. PEX Card is truly a better way to manage cash flow and your company’s employee expenses.

10 reasons why PEX Visa® Prepaid Card is ideal for your business

Business Prepaid Card | PEX Card Charge Card Credit Card
Instant funds disbursement to employee cards yes    
Employee spend control yes    
Monthly business expense tracking & reporting yes    
No impact to your business or personal credit profile yes    
Straightforward predictable pricing yes    
Guaranteed Approval upon successful business verification yes    
Can be used wherever Visa debit cards are accepted worldwide yes yes yes
Personalized embossed cards yes yes yes
Visa Zero Liability** yes yes yes

* This is not a credit card.

PEX Visa® Prepaid Card PEX business prepaid card & business charge card
PEX business prepaid card is the perfect alternative to traditional business credit cards:
  • Instantly fund employee Visa prepaid cards from your computer or mobile device
  • Gain 24/7 control over business expenses with all employees purchases.
  • Set category purchase restrictions, allowing more control than a business charge card.
  • Save money - no interest charges or overdraft fees.*
  • Learn more about PEX Mobile.
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