An online debit card is a prepaid card that you apply for online. The name of these types of cards simply refers to the application method. Debit cards that you can obtain for your business to use by applying online may help you to improve your expense tracking and spending controls. These cards allow you to know what your business is spending at all times so that you can understand how your business is performing at all times. The application process for online prepaid cards is straightforward and is not credit-dependent, making it ideal for small business owners who have not had enough time to establish their business credit but who need greater flexibility in their business spending processes.
Why should I use a debit card that I apply for online?
The five star-rated debit cards from Bento for Business may help you to protect your business’s bottom line. Since these cards are prepaid, it is possible to be approved regardless of your credit. Having debit cards for your business can give you greater flexibility when your employees need to purchase things for your business like gas and building supplies so that it can continue to operate smoothly. These cards are funded with your own money, and you can decide how much you want to make available on each card that you order. You are also able to limit the types of spending categories for your employees like “fuel only” or “Home Depot only”. By controlling where employees can use the card and the amount available per week, they help to prevent employee theft and fraud.
Who should use online prepaid cards?
The online credit cards from Bento for Business are created for small business owners. These cards are great for businesses that need to have the flexibility afforded by corporate cards but that do not have sufficient business or personal credit to qualify. Small businesses are able to use their cards to control the spending of their employees. They can place limits on the amounts that can be spent on a card per day or week and designate specific types of expenditures that each employee is able to complete. For example, if your business has an employee who must drive for his or her job, you can provide him or her with a card that can be used to purchase gasoline but not other items inside of the store.
How are online credit cards similar to business debit cards?
While people might refer to these online cards as credit cards, they are actually business Visa debit cards. They are designed for businesses and can be used anywhere that Visa is accepted. You will not have to pay high rates of interest or annual fees to use these cards, and you can turn individual cards off or on instantly from your mobile device at any time of the day or night. When you log in, you will be able to view the expenditures that each employee has made as well as the balances that remain on the individual cards. The cards are funded by your deposit, and your deposit is insured by the FDIC up to $250,000. Bento for Business uses the strongest SSL-encryption technology to protect your information and your money, giving you an added layer of protection.
Contact Bento for Business to learn more about debit cards for your business
Business Visa debit cards from Bento for Business can help you to take control of the spending at your company. To learn more about how these cards might help you, call Bento for Business today at 866.220.8455.