Business Prepaid Pros and Cons

• Fund disbursement to employee cards is instant, giving you the ability to change card balances and available spending in real time.
• Individual cards can be set to have have daily limits if desired, and usage can be restricted by categories of spend type, providing greater employee spend control. 
• There’s no pre-set spending limit for the account like credit cards, so you can control spending in your business at your own pace, rather than giving that control to your bank.
• Protecting business and personal credit is important, and a business prepaid card will give you quick access to needed funds without putting your own credit on the line
• Monthly statements and custom reports can help you forecast spending and stay on budget
• Predictable pricing can make budgeting much easier, and since a prepaid card doesn’t involve varying interest rates, you won’t be caught by surprise.

A corporate prepaid card could be just the card to help your business thrive.

Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.