Business Prepaid Cards - Prepaid Credit Cards | moneyfacts.co.uk

Compare Business Prepaid Cards

  - Need a payment option for staff, but don’t want a credit card? Compare the best business prepaid cards where you pre-load money for spending.
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Compare the Best Business Prepaid Cards

 Transaction FeesMonthly FeesForeign Exchange FeesIssue FeesATM ChargeAddtional Information 
 
Capital on Tap Business MasterCard
Capital on Tap Business MasterCard
NilNilNilNilUK - Nil Abroad - £3.00
  • Debit Card
  • Online
 
Cashplus Business Card Account
Cashplus Business Card Account
NilNil2.99%£69.00£2.00
  • Post Office®
  • BACS
  • Faster payments
  • Standing Order
  • In Store
Go to Site
Caxtonfx Global Traveller
Caxtonfx Global Traveller
£1.50Nil2.75%NilNil
  • Debit Card
  • SMS/Text
  • BACS
 
Fairfx Corporate Prepaid
Fairfx Corporate Prepaid
NilNil1.50%Nil£1.50
  • Online
 
Caxtonfx Europe Traveller
Caxtonfx Europe Traveller
€1.75Nil2.75%NilNil
  • Debit Card
  • SMS/Text
  • BACS
 
Fairfx Corporate Prepaid
Fairfx Corporate Prepaid
NilNilNilNil€2.00
  • Online
 
Caxtonfx Dollar Traveller
Caxtonfx Dollar Traveller
$2.00Nil2.75%NilNil
  • Debit Card
  • SMS/Text
  • BACS
 
Fairfx Corporate Prepaid
Fairfx Corporate Prepaid
NilNilNilNil$2.50
  • Online
 
T24 Payvault
T24 Payvault
NilNil2.00%$20.00$1.20
  • Automatic Corporate load
  • Manual Corporate load
 
Last Updated: Monday 20 November 2017 11:11

Disclaimer:

All information is subject to change without notice. Please check all terms before committing yourself.

 

Business prepaid cards explained

  • Convenient spending method you control
  • No credit checks
  • Useful for payroll and employee expenses

Business prepaid cards offer a convenient and secure alternative to paying by cash or cheque. Available on the Maestro, MasterCard and Visa payment networks, you can use a prepaid card at ATMs, online and any retailers, restaurants, etc. that accept payment by card.

In contrast to a business credit card, prepaid cards don’t require a credit check as they aren’t a form of credit. This allows you to keep a tighter rein on your business’ and employees’ spending.

Prepaid cards can help businesses in two main ways:

  • Employee expenses
    Instead of employees having to pay using their own cash or cards and then submitting an expense claim, a business prepaid card is an easy alternative. For making essential business purchases, employees don’t need to wait to obtain a credit or debit cardholder to make the purchase.
  • Payroll
    Pay temporary or seasonal staff that don’t have a bank account by loading wages onto a prepaid card.

A business’ prepaid cards can usually be controlled centrally. This means that you can have access to online reporting of spending, and arrange credit ‘top-ups’. Importantly though, you may also be able to limit how your employees use cards, for instance by not allowing ATM withdrawals.

Business prepaid cards will usually not cost as much as a credit card to issue, although fees may be charged for:

  • Monthly management
  • Issuing a new card
  • Making a purchase using the card
  • Withdrawing cash at an ATM
  • Foreign use and currency conversion

Penny PigCompare prepaid card fees based on how your business will use them. If for example, it’s just to make online and card purchases, the ATM fees may not be applicable. Similarly, if the card is only to be used in the UK, making purchases in sterling, then foreign use and conversion charges won’t matter too much either.

What next?

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Compare

 

Prepaid Card Types

Prepaid Everyday CardsPrepaid Everyday Cards
Preload your card with money that you already have so you only spend what you have.

Prepaid Travel Money CardsPrepaid Travel Money Cards
Preload them with foreign currency before you travel so you know how much you have to spend abroad.

Business Prepaid CardsBusiness Prepaid Cards
Need a payment option for staff, but don’t want a credit card?

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