Credit card misuse or misallocation by employees is a prevalent problem, touching businesses both large and small. Business prepaid cards are an excellent alternative to credit because they eliminate this risk. With the prepaid business cards from Bento for Business, you are able to control spending before it even happens, helping you to eliminate both fraud and expense-misallocation— and to protect your company’s bottom line.
A major problem with business credit cards is paradoxically to control the spending that occurs with them. Credit cards do not offer businesses the ability to control spending by employees at the cardholder level, a flaw that can leave your business open to fraud. Business prepaid cards from Bento for Business differ because they allow you to control each employee’s spending. You are able to choose the different allowed categories of spending on your smartphone or PC for each employee card.
The account administrator can see the purchases that are made by checking the dashboard. This can help you to understand exactly where your business’s spending stands at any given time. You can order cards for up to 10 employees for as little as $29 per month. Then, you can limit how the funds that you allocate to each card are spent. For example, you might designate that an employee who needs a card for fuel will only be able to purchase gas with it and not retail items from inside of the store. Another employee may only be able to purchase office supplies with his or her card.
With the business prepaid cards from Bento for Business, your credit score is free of risk— you will have no personal liability. You can even try out the cards no-obligation during your 60-day free trial. You simply load your cards with money and designate how each one can be used by your employees. If you need to refill a card, you can load more money onto it at any time and from anywhere. The cards are compatible with existing accounting software, specifically QuickBooks. This allows you to easily transport the information to make your required business reports or send to a tax preparation company.
It can be difficult to retrieve your company cards. With the prepaid business cards from Bento for Business, you do not need to worry about an employee failing to return the card, a stolen card, or a lost card. You are able to turn off each individual card from your smartphone or laptop with the click of a button. With credit or petty cash, this could result in hundreds to thousands of dollars in fraud or otherwise loss of company money.
Prepaid cards from Bento for Business can help you to reduce fraud and control spending. FDIC-insured up to $250,000, these cards also have the added protections afforded by SSL encryption. To learn more about the cards or to get started with your 60-day free trial, fill out our contact form or call us at (866) 289-1104 today!
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Applying does NOT affect your credit score!