PEX Prepaid VISA Business card for better employee spending management
$49.95 account setup fee
$7.50/month per employee card
prepaid business card with spending control
Editors Review
Very uncommon prepaid business card that allow you track spending of your employees
Pros
- Flexible features for a company control over employees spending
- Administration tools for managing cards funding
- Comprehensive reporting and tracking
- FDIC insured account
- No deposit fees
- No minimum funds requirement
- No transaction fees
- No deposit fees
- Simple and transparent pricing structure
Cons
- $49.95 Account setup fee
- $7.50 per card for the first 20 cards or a flat fee of $150 per month for more than 20 cards
- 1%-1.5% international transaction fee (depending on the country)
Verdict
Very interesting product – prepaid business card with an unlimited number of employee cards and state-of-the-art administration capabilities to track employees’ expenses and funding employees’ cards.
Pricing structure is transparent and honest – you see what you pay for – no transaction fees, no deposit fees, just a monthly fee per number of cards used.
The card lets businesses provide its employees with means to cover business expenses (e.g. on a business trip or expenses for in-field employees) while keeping the money in the company name.
Last updated: 02/26/2017
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