Contractors at World of Concrete that work jobs out of town have employees who need the ability to operate and function while on the road. This means they need a way to pay for job materials, supplies, hotels, gas…whatever you tell them to buy. So, the question is – what is the efficient way to manage it? We think the answer is PEX Card.
What is PEX Card?
PEX Card is a corporate prepaid card service for managing employee spending. We link Visa® prepaid cards to an administration tool that can be accessed via website or apps installed on iPhones®, or Android™ phones such as the Samsung Galaxy II or tablets like the iPad® and the Galaxy Tab.
I would never issue a Visa card to my guys:
Actually, this is the one card you won’t have to worry about because:
(b) You can adjust how much cardholders can spend at any time, and
(c) You can put limits on where they use the card (YES for gas, NO for bars).
How PEX Card works:
Funds are deposited into your PEX Card account and managed online like a virtual cash box. Issue cards to employees through the admin portal. Fund each card separately with the transfer tools in the service. When Bob needs $60 to fill up the van, you login and put the money on his card. When Steve needs $125 for materials at Home Depot, login and transfer funds to his card. Any unspent money can be reversed and used for another cardholder later.
What are the costs associated with PEX Card?
If you use the code CONCRETE during enrollment – we’ll extend the trial period from 2 months to 6 months! Click here for our up front pricing.
Need more information? Call to speak with a PEX rep: 877-249-3390.
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.