prepaid gas cards for business

LinkedIn Once approved, typically you’ll receive your cards within seven to 10 days. We do not charge you interest on your purchases and our cards are a great alternative to prepaid fuel cards. At Fit Small Business, our mission is to deliver the best answer to people’s questions. So, to access these features for multiple employees, you will need to set up separate user accounts. You might be turned down if you have any issues in your credit history, and the traditional cards usually also have high interest rates and fees attached to them (can be 15% or higher). The best answers often include products and services. Plus, you must keep at least $50 in your PEX account. There are several features Bento for Business Visa debit cards offer that make them attractive for small business owners. However, they don’t build business credit. We offer a free 60-day trial to small businesses that want to try out our cards before making a decision. The privacy policies of the external website may differ from our privacy policies. It looks like nothing was found at this location. The annual fee replaces monthly fees the prepaid business credit cards on our list charge. Compared to a business credit card, there are fewer qualifications, and the owner’s risk is limited because they’re not borrowing money. Most gas companies supply them; it’s just a case of going for the branded card with the largest number of gas stations within your business operation area. Dash Prepaid Mastercard does not have a daily spend limit. You must repay your balance if you want to reuse a portion of your limit. The only fees Dash charges are for expedited shipping of cards, paper statements, and if you close your account and want your funds mailed to you in the form of a check. Fuel companies actually recommend small businesses use them to manage their spending. Virtual cards may only be used online and over the phone. For more details on how we evaluated prepaid credit cards for this list, see our methodology.

Emburse also offers wire transfers on an emergency basis, virtual and physical cards, single sign-on (SSO) for easier adding and removing of employees, and split billing. With prefunding, Emburse works like a PayPal or Venmo account, where funds live in an intermediary account. Please review the privacy policies and security indicators displayed on the external website before providing any personal information. This article is part of a larger series on Best Small Business Credit Cards. Using prepaid cards for business expenses is an excellent option for firms large and small that need strict employee spending standards and don’t want to take on the personal risk associated with business credit cards. Here’s a link to all our reviews for vendors that offer prepaid cards. Click a "Log in" button below to connect instantly and comment. Bento for Business can only accept fund transfers from an existing, verified checking or savings account via automated clearing house (ACH) or wire transfer. Bento for Business Visa® Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. We sometimes make money from our advertising partners when a reader clicks on a link, fills out a form or application, or purchases a product or service. You must be logged in to comment. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. With the Wells Fargo Business Secured Card, you can earn cash back or points-based rewards: It’s always crucial to choose a business credit card that offers additional features your business wants to receive.
He is also an accomplished self-published author. No other cards on our list allow for that. Jordan Tarver is a financial analyst, writer, and editor at Fit Small Business focusing on credit cards and bank accounts. Prepaid business credit cards work like a combination of a business credit card and a checking account. You can only spend up to your maximum credit limit. Prepaid business credit cards are designed for small business owners who can’t qualify for or don’t want a typical business credit card.

However, it does have a $100,000 transaction limit. Transfers may take two to three days to complete, and your bank may charge an outgoing wire transfer fee. Funds should be available within two to three business days. For more information on gas cards and fuel cards visit our gas hub or our business debit card hub. For a detailed explanation of our advertising policy, visit, Get 2 Bento for Business Visa Debit Cards Free, Manage Employee Spending & Automatically Track Expenses, https://fitsmallbusiness.com/?s=prepaid+card+reviews, QuickBooks Online file for QuickBooks Desktop, Open financial exchange (OFX) file for Xero, Comma-separated values (CSV) file for other accounting software, Integrates with several types of accounting software, including Expensify, NetSuite, QuickBooks, and Xero, Export data to CSV or Excel and imported into other types of accounting software, Set spending limits, category and time restrictions on virtual cards, The ability to turn cards on and off with one click. The best cards can help small business owners manage employee expenses. Please note: By clicking on some of the links above, you will leave the Bento website and be directed to an external website. Read more about our commitment to editorial independence here. Hi Henry, New York, NY 10017. The Wells Fargo Business Secured Card is not a prepaid business debit card, but it lets owners build business credit. The PEX Prepaid Visa is one of the few business prepaid cards without a daily spend limit. Prepaid cards are not eligible for protection under the Financial Services Compensation Scheme. But don’t be put off by that term. These are business Visa debit cards and can be used at locations across the U.S. To learn more about the benefits of cards, call us today at 866.220.8455 or start your 60-day free trial online. The recommendations in this post reference one or more of our partners. There’s no monthly fee, but you’ll be charged an ongoing variable annual percentage rate on unpaid balances. This ability to see the types and amounts of transactions can help you to make adjustments to your budget. It may take up to three days for funding to appear in your account after authorization. You cannot use cash or direct deposits to load your account. Prepaid gas cards offer multiple features that make them more attractive than traditional gas cards. As a fleet owner, you need your employees to be able to purchase fuel while they are out driving for you. Prepaid gas cards offer multiple features that make them more attractive than traditional gas cards. Your deposits will be FDIC-insured for amounts ranging up to $250,000. Editor’s note: This is a recurring post with regularly verified card details. Furthermore, Fit Small Business never allows partners to pay us to guarantee placement within an article that isn’t clearly marked as sponsored and companies cannot pay us for favorable (or unfavorable) reviews or ratings. It can also help you to identify spending categories that need to be trimmed so that you can lower your overall business costs. PEX reports transactions in real-time, and the PEX application programming interface (API) can integrate with existing business systems to give firms a custom, automated payment platform that’s able to process millions of transactions a day.

We receive compensation when you click on a partner link on this page. Workers who travel a lot can be restricted from purchasing … Offering a convenient and secure alternative to paying by cash or debit or credit card, a prepaid card can be loaded with money in advance and then used to make purchases or withdraw cash from an ATM, just as you would with a credit or debit card. Transform Your Business with Bento’s Spending and Expense Management Solution, Copyright © 2020 Bento Technologies Inc. All Rights Reserved Terms of Service Privacy Policy. It also offers an unlimited number of daily loads and transactions. We only partner with companies we believe offer the best products and services for small business owners. Best! What other business prepaid card offers taking credit card payments? Your available funds will be equal to the cash deposit you make when you apply for the card, between $500 and $25,000. However, PEX puts a $25,000 cap on individual load transactions. That’s why we searched for a variety of business debit cards that cater to different types of firms. The PEX business prepaid card lets you load an unlimited amount of cash into your account daily. Whenever you want to see what is being spent on your cards, you can do so by logging into your account. Emburse Prefunded Mastercard does not have a daily load limit. However, it charges a $49.95 setup fee and a monthly fee of as much as $200. The best prepaid business cards charge low monthly fees and offer flexible loading and spending options. You also can issue unlimited additional employee cards at no cost. If your business owns a small fleet of vehicles that your employees must use for business purposes, giving them prepaid fuel cards can help you to keep their fuel purchases in check while also giving them the flexibility that they need. If your employees need online spending solutions only, this card could be a good fit. You can set the available limits on each card and cap how much each employee can spend per day and per week. Bento places no daily limits on deposits made via ACH or wire transfer. However, the maximum transaction limit is $100,000.
The U.S. Bank Business Cash Rewards World Elite™ Mastercard® is the best business gas credit card because it has a $0 annual fee and offers 3% cash back on gas purchases of $200 or less at any station. Transform Your Business with Bento’s Spending and Expense Management Solution, Copyright © 2020 Bento Technologies Inc. All Rights Reserved Terms of Service Privacy Policy. Jordan brings over two years of experience in account management and price analysis in the mortgage industry to Fit Small Business. Choose the Dash Prepaid Mastercard if you want unlimited free cards. Because you’re loading your own funds, there’s no additional interest added to purchases like with a traditional credit card. Banking services provided by The Bancorp Bank, Member FDIC. This means that you and your employees can spend an unlimited amount per card as well as per account. Business prepaid cards are best for business owners who want to issue employee cards or can’t qualify for a traditional business credit card. This means that it’ll take between two to three days to load funds onto the card and might cost a wire transfer fee. The Emburse Prefunded Mastercard comes with two options for funding: prefunding and invoice-based funding.

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