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: 12/17/2015









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