In a poor economy bankruptcies become a regularly reported item in the media. For a lot of those businesses, going into bankruptcy is a simple restructuring of debt or a way to protect themselves while they are in repair mode. The fall out here, especially for small sized companies, is the impact on a company’s credit worthiness, their ability to get credit, or even a credit card for that matter.
The PEX Card Service may be a solution for businesses that are having trouble getting credit but are still operating, selling their products/services and have people out in the field. Because we offer business prepaid debit card services, all the spending is pre-funded with cash deposits. Our online tools give businesses the transaction visibility and spend controls that banks and credit card companies do not provide with traditional credit or bank debit card accounts.