Article

Corporate Prepaid Cards and Fleets

KMP_2223-2.jpg
When there is only one vehicle to look after, it can be easy to use cash to cover the cost of fuel and maintenance to keep things running. As time goes by and your van or truck turns into a fleet of vehicles, you need a way to cover expenses that can grow with your business. Corporate prepaid cards can be issued to each driver and managed from one central control panel, giving you the control and flexibility you need to keep up with the speed of business.

Using fleet cards can be a difficult solution for businesses that don't have credit. Instead of handing out credit cards that come with the potential for bumping up against credit limits or being misused, a prepaid card accesses only the funds assigned to it. This way, money is put on each card in the fleet and money can be used to fill up the tank or other business expenses, as approved.

With one place to go to set up accounts and track expenses, using PEX Card for your fleet cards can give you the tools and features you need to manage your fleet without spending time chasing down receipts or reviewing credit card bills. And adding new cards is a snap, so your business has room to grow.

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. 

High angle view of an anonymous African-American woman analyzing business graph on a laptop computer while sitting at restaurant desk and writing notes.

Is Your Financial Infrastructure Built for Resilience and Growth?

Excited Latin American woman at home working on her laptop and winning something online - success concepts

Easy, Easier, and Easier Still: 7 Big Updates to PEX Software

Modern technology and networking concept, woman using laptop, tablet and smartphone with virtual screen API icon Software development tool. API Application Programming Interface.

Integrate With PEX and Automate Financial Processes: How to Make Operations Simpler & More Secure

Stay up to date on the latest PEX news!

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s).