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.
Also look at:

Compare the Best Business Prepaid Cards

 Transaction FeesMonthly FeesForeign Exchange FeesIssue FeesATM ChargeAddtional Information 
 
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
 
Caxtonfx Europe Traveller
Caxtonfx Europe Traveller
€1.75Nil2.75%NilNil
  • Debit Card
  • SMS/Text
  • BACS
 
Caxtonfx Dollar Traveller
Caxtonfx Dollar Traveller
$2.00Nil2.75%NilNil
  • Debit Card
  • SMS/Text
  • BACS
 
EasyFX Corporate Prepaid
EasyFX Corporate Prepaid
NilNilUp to £700: 1.8%, £700 to £3K: 1.2%, £3000+: 1%NilNil
  • Debit Card
  • BACS
 
Expend Basic
Expend Basic
Nil£4.99 per card (1 month free trial on first 3 cards)2.00%NilUK - £1.00, Abroad - £2.00
  • Online
Go to Site
Fairfx Corporate Prepaid
Fairfx Corporate Prepaid
NilNil1.50%Nil£1.50
  • Online
 
Fairfx Corporate Prepaid
Fairfx Corporate Prepaid
NilNilNilNil€2.00
  • Online
 
Fairfx Corporate Prepaid
Fairfx Corporate Prepaid
NilNilNilNil$2.50
  • Online
 

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?

Business home

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?

Business savings rates see improvements
Business savings rates see improvements

Compared to a year ago, both the average rates on offer and the top returns found on business saving... More

Business Current Account Star Ratings 2018
Business Current Account Star Ratings 2018

The researchers at Moneyfacts have once again taken a detailed look at the business current account ... More

Business Moneyfacts Awards 2018 winners announced
Business Moneyfacts Awards 2018 winners announced

Last night, at a jam-packed awards ceremony that took place in the prestigious Royal Lancaster Londo... More

Opening a business bank account just got easier
Opening a business bank account just got easier

Small business owners have a lot to deal with to keep their business running smoothly, so any help i... More

SMEs shunning savings accounts
SMEs shunning savings accounts

A lot of Brits running small and medium-sized enterprises are currently avoiding business savings ac... More

Where to find the best paying Charity Accounts
Where to find the best paying Charity Accounts

Is your charity business account paying little interest? Find the best paying charity accounts here... More

Choosing a Business Current Account
Choosing a Business Current Account

When it comes to the day-to-day running of your business, the financial product that you need to be ... More

Redwood’s business savings go top
Redwood’s business savings go top

Redwood Bank has upped the rates on its business notice account and bond by up to 0.14%, which sees ... More

Virgin Money improves easy access business deal
Virgin Money improves easy access business deal

Virgin Money has increased the rate on its easy access savings account for businesses by 0.30%, whic... More

Dudley improves one-year business bond
Dudley improves one-year business bond

Dudley BS has increased the rate on its one-year business savings bond by 0.10%, which sees it impro... More

OakNorth improves 12-month business bond
OakNorth improves 12-month business bond

OakNorth Bank has increased the rate on its one-year business savings bond by 0.10%, which sees it i... More

Business bond competes
Business bond competes

OakNorth Bank has increased the rates on its fixed business deposit accounts by up to 0.13%, which s... More

Close