Travel Often For Work? Enjoy Long Term Savings With A Business Prepaid Card

Since we’ve adapted to conducting businesses on smart mobile devices, everyone is constantly on the move, whether it’s travelling to attend an overseas event or power lunching with a client. This is where business prepaid cards are handy with curbing expenses. Many  top performing companies use them to verify and track spending across their businesses.

What’s more, spend categories can be determined for business prepaid cards beforehand. For example, the card dedicated for business travels is enabled for transportation services and food & beverage, but not for entertainment outlets. It’s apparent that business expenses are in better control with a card that allows you to determine how much funds are loaded onto it, and where it can be spent.

 

Understanding the Differences: Credit, Debit, and Prepaid Cards

When it comes to managing expenses and making purchases, understanding the differences between credit, debit, and prepaid cards can help you choose the best option for your needs.

Credit Cards

  •  Allows you to borrow money from a bank to make purchases, up to a certain limit
  • Requires you to pay back the borrowed amount with moderate to high interest
  • Most card transactions do not reflect instantly online, only on end of month statements
  • Comes with the risk of accumulating debt if not managed responsibly.

Debit Cards

  • Linked directly to your bank account
  • Allows you to spend money that is immediately deducted from your primary account
  • If compromised, that can lead to immediate loss of funds in your account

Prepaid Cards

  • Preloaded with specific amounts, ensuring employees can only spend within authorized budgets
  • Some cards are linked to multi currency wallets that can load over 20 major currencies for spend anywhere, without conversion fees
  • Customized spending limits and categories (e.g. use for intercity travel services and F&B, not cash withdrawals)
  • Not linked to your bank account or credit line. This provides an added layer of security, preventing unauthorized transactions
  • No need for use of personal cards. Prevent manual pay-and-claims processes that adds burden on your finance teams

These features and more in one prepaid card is possible, or more specifically the Visa Business Prepaid Card offered by Merchantrade Money Biz!

 

Introducing Merchantrade Money Biz: An Integrated Ecosystem for Expense Management

Merchantrade Money Biz provides a digital financial solution for managing corporate expenses with ease and efficiency. It allows businesses to issue business prepaid cards that are integrated with an eWallet and expense management portal. With this ecosystem, companies can dictate and allocate the necessary funds, set spend limits, and categorize expenses for each business prepaid card. All transactions are tracked in real-time on an expense management portal, giving businesses full control over their expenditures.

 

Merchantrade Money Visa Business Prepaid Cards: Prioritizing Savings for SMEs

As businesses adapt to mobile operations speedily, the demand grows for business prepaid cards that can help them manage expenses more efficiently. The Merchantrade Money Visa Business Prepaid Cards allow companies to customize spend limits and categories, ensuring better control over funds. Unlike credit and debit cards, prepaid cards provide enhanced security and prevent overspending. Using Merchantrade Money Biz’s Visa Business Prepaid Cards  ensure simplified financial processes, supporting sustainable growth for Malaysian SMEs. Embrace greater convenience and savings potential, especially for frequent travellers.

Make expenses easier for travel!  

Create a Business Account with us today.



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