If he has spent less than anticipated, you can simply log into your online account and move the money off the card within seconds. Let’s assume that one of your employees went on business trip and you’ve allotted a certain sum to his prepaid business card.
In this train of thoughts, prepaid business cards are a perfect solution for small and medium-sized business owners who want to strictly control their employees’ expenses. Most prepaid business cards enable you to set spending limits according to your budget and thus you never overspend. With the prepaid business card, you can only spend the amount of money you’ve loaded onto the card. This is the main reason why many people prefer prepaid business cards. This results in difficulties to pay off their credits, and ultimately, in falling into debt.
People using credit cards often spend more than they can actually afford. Let’s see what are the benefits of the prepaid card, no matter if it’s for personal or business use. This way they can manage their finances the most convenient way. They give freedom to customers to choose how much money to deposit onto the card and spend. Prepaid cards are created with one single goal. It’s neither a credit card as you don’t get into a credit contract with a bank, nor a debit one as you do not spend from your checking/saving account. Simply put, the prepaid card is an alternative of a credit and a debit card. Over the last couple of years, a new player in the financial industry has been steadily gaining popularity – the prepaid card.īefore diving into the advantages of the prepaid card, let’s explain what it is and how it works. With your free myPOS account you can use Payment request, PayLink, PayButton and more to accept remote payments. Accept payments online, no website needed!
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