PEX Prepaid VISA Business card for better employee spending management

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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.