PEX Prepaid Visa Card Review

PEX Visa Prepaid Card for Business Review

The PEX Visa Prepaid Debit Card is specialty debit card to help you meet the various costs of running your business. Some people might ask why a business requires a prepaid debit card, but the answer to this question is relatively simple: To help control your business expenditures, which would in turn improve the profitability of your organization.

Controlling Business Spending With The PEX Visa Prepaid Debit Card

A lot of hard work, careful strategies and a little bit of luck are required to run a business, and having a little additional help in controlling your spending wouldn’t hurt. This is what the PEX Visa Prepaid Card for Business aims to do. This prepaid debit card can be used to manage the expenditures of your employees and ensure that they are not incurring unnecessary costs. As the owner of the business, you have complete authority over which employees get a prepaid card and the level of budgetary controls each employee should have.

For example, your procurement manager might require a little higher budget because his job requires dealing with the bulk purchases of supplies or other objects. But your human resource manager might not need a card at all because the nature of his or her job doesn’t require much purchasing. This is a much more effective method to control your expenses, as compared to the traditional method of handing out cash to whoever requires it for some kind of purchase.

PEX Visa Prepaid Debit Card – Cash Is A Thing Of The Past

In the past, no one really knew where all the cash went, but when your money is being electronically managed, it is very easy to keep track of where all of your money goes. There is no point in trying to hide the fact that employees might try to sneak away a couple of dollars every chance they get, and will continue to do so until they get caught. This alone should be a good reason for any business owner to opt for the PEX Visa Prepaid Debit Card for Business. Moreover, this card also has a bunch of additional features that will help convince any business owner that this is the best way to handle your company’s finances.

PEX Visa Prepaid Debit Card Review – Lower Your Interest Rates

Firstly, these debit cards will help you replace the credit cards that you worked so hard to get, but now just want to get rid of. Credit cards, in a way, do not have a limit, thus they can cause expenses to get out of control and this is even without including the interest costs. While the interest rate is usually lower for business credit cards, but once big purchases are made, the interest payments can rise dramatically. Moreover, signing up and waiting for a credit card can take weeks, which means that you might have to scale down your operations during that period.

Applying For The PEX Visa Prepaid Debit Card

You can easily walk into your bank and sign up for it without any sort of credit history background check or long waiting periods. There are about one or two application forms that need to be filled up and that is all. The debit cards are then mailed to the given address within a week with the funds ready. Moreover, whenever there is a need to top up or transfer funds to one of the employee cards, all you have to do is send the command through the various Internet-banking tools that you have at your disposal. Hence, you never have to worry about any of your employee cards running out of money.

PEX Visa Prepaid Debit Card – You Control Card Spending

As the owner of the organization, you have full authority to control how much and where your employees use their cards. And this is complete control 24 hours a day, 7 days a week and 365 days a year. Moreover, you also have the authority to add, remove or block funds instantly with a couple of mouse clicks.

Customer Service Review For The PEX Visa Prepaid Debit Card

You also don’t have to wait in line to get in touch with a customer service representative because you have full access to all the online tools, which will help you carry out your errands within seconds. This also comes in handy if you suspect any misuse of the employee cards. You can also monitor your account balance through SMS and email alerts that are sent whenever there is a transaction. At any time when the card is used, a record is made about who had used the card, where it was used, what was purchased and how much was spent. This system greatly reduces the risk of fraud and abuse.
In addition, this system can also help you to have an overview of the expenses made by your staff. For example, you might feel that your employee is purchasing from a store that is relatively more expensive than another, so you can help guide them accordingly. Hence, instead of keeping track of these daily operations every day, the end of the month report will be a useful tool for you to monitor all the transactions made during the month.

PEX Visa Prepaid Debit Card Conclusion

Another great benefit of the debit cards is that you can protect both yourself and your business for the potential risk of bad credit. Maintaining a great credit history can do wonders for you down the line, especially when you are looking to expand. You can also set your own debit card limit, which can vary with every card. The card’s fee structure is also very simple and straightforward. There are no transaction fees, no penalties or no overdraft fees. The ATM services are also completely free, though there is a monthly service fee. However, given the card’s wonderful benefits, that is already a bargain.

Resource

PEX Card Website