6 Reasons a Business Prepaid Card Trumps a Credit Card: Manage Staff Spending for Your Door Dealership

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By Michael K. Noles

Many businesses, particularly those with employees on the road, are uncomfortable giving standard business credit cards to their employees. A business prepaid debit card changes the game because it provides the perfect mix of major credit card convenience and a business prepaid debit card’s online, real-time management system. This enables managers to limit use at the employee level by amount and merchant category.

It’s a new approach to managing day-to-day employee spending that, until now, was available only to the largest corporations. Also, unlike standard business credit cards, a prepaid debit card ensures employees never have direct access to the business credit line. Employers then do not have to worry about exceeding credit limits or getting hit with late fees, over-limit fees or interest charges. Here are six reasons why your door and access-control dealership should switch to prepaid cards.

Reason  No. 1:

With a prepaid debit card program, managers can limit individual employee expenses by dollar amount and merchant category (for example, fuel, dining, retail). Most business owners and executives would prefer to limit their drivers’ expenses to fuel and maintenance. Standard business credit cards simply don’t offer that level of control or flexibility.

With a prepaid debit card program, administrators can limit purchases to fuel and specify just how much money is on the card. If unexpected expenses arise, prepaid debit cards enable companies to add money online in real time.

Reason No. 2:

Employees using a prepaid debit business card don’t have access to the company’s credit line. Because the cards are pre-funded from a main account, there’s no credit line for the employee to access. With standard business credit cards, managers do not have the same ability to limit access.

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