Bento for Business provides a unique alternative to funding expense cards so you get everything you want with Visa gift cards, and more.
In general, many admins view carrying a card as the easiest alternative to cash. Companies often prefer this option to mitigate the risk of employees losing loose cash while also staying on budget. They also look to decrease the risk of employees misusing company funds and taking money for personal use.
What's in it for You as a Financial Decision Maker
Many companies in different sectors utilize Visa gift cards to administer funds to employees for their business expenses.
The Challenges of Using Traditional Visa Gift Cards
No visibility – Traditional Visa gift cards don’t allow admins/controllers access to each transaction. Therefore, it can be difficult to prevent the misuse of company funds.
Inconvenient – Traditional visa cards are simply one-time use cards. Once funds are used, there’s no way to replenish funds on the same card. This means regular trips to a store and more activation fees per card.
Inefficient – Bookkeepers must keep up on receipts to see where each dollar was allocated. They’re often at the mercy of employees being timely in submitting expense reports.
How Our Visa Cards Are Changing the Game
Control and Visibility – Our visa cards allow admins the ability to set spend controls on each card so employees can only spend in specific categories. This also includes spend limits that keep each respective individual within their allotted budget.
Additionally, our Visa Gift cards give admins real-time visibility into transaction details as each employee is spending.
Convenience – Admins can Reload/set limits straight from a desktop or mobile device to each employee card quickly, without the hassle of running to a local retail shop to purchase new gift cards once funds are depleted.
Efficient – As each transaction happens, employees can easily capture and upload their receipts digitally into their transactions without needing to worry about keeping a physical copy to hand to their admins.
Time-saving – Bookkeepers are easily able to connect, code and reconcile transactions straight from the Bento dashboard and into their respective accounting software in nearly half the time they currently spend sifting through each line item.
Here are the Card Controls You Get with a Bento for Business Visa Gift Card
Set Spending Limits
Choose how much a card user can spend and at what frequency. Set up flexible spending amounts that make sense for your business.
Choose 'Active On' Days
Choose which days of the week the card can be used. Turn a card on or off anytime with just a click on your mobile or web app and limit spending to workdays only.
Select Merchant Categories
Choose where the card can be used. Restrict merchant categories to prevent unauthorized use.
Restrict International Spend
Control spending outside of the United States. Turn on international use only when needed for added security.
Restrict Card Not Present Transactions
Control spending on eCommerce, telephone, or mail order-related purchases.
Bento’s Card Controls Save Time and Money
Preventing unauthorized or unintended spending saves cash for purchases that matter.
The Bento Dashboard provides you with real-time visibility of your savings. Watch them grow quickly after simply setting a few controls on your Bento Cards.
Your controls operate in the background while you focus on your business. The data about your spending can help you run your business better, and it all syncs with QuickBooks and other accounting systems.
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