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PEX Visa® Prepaid Business Card |
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Issued by The Bancorp Bank
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View other Pre-Paid cards
View other cards issued by The Bancorp Bank
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The PEX Visa® Prepaid Business Card is a prepaid Visa card designed to give your employees the spending power they need to drive forward your company, while simultaneously giving you the keys and complete financial control!!
The PEX Visa® Prepaid Business Card is tailored for a business professional's needs. For starters, the card is good everywhere Visa debit is accepted and the company card holder gets to avoid interest rates. You stay in TOTAL control of where, how and when your corporate money is spent!
- • You control how much your employees spend and where
- • Add funds to individual employee cards in real time
- • No surprise interest charges or overdraft fees
- • Restrict card purchases by merchant category
- • No transaction fees or deposit fees
With the PEX Visa® Prepaid Business Card, your employees can only spend the balance you've loaded onto their card. This completely eliminates the risk of overdraft fees or interest charges. Plus, you stay in complete control of your company finances and spending through an easy to use administrative interface.
PEX Visa® Prepaid Card Uses and Benefits
The PEX Visa® Prepaid Business Card is an innovative business tool that separates your funds into a corporate holding account and cardholder accounts, respectively. While your employees may have cards with their names on them, the deposited funds are dispersed from a corporate holding account. They aren't employee-owned, therefore it's easy to distribute spending cash to workers without fraud or mismanagement!
Load Cards in Real Time - Set zero balances or block cards in real time with electronic management. It literally takes less than a minute on average for funds to appear in an employee's cardholder account once you place them there. You can even suspend certain cards temporarily if there is a problem.
Greater Control and Oversight - Generate reports that provide analysis on individual card accounts or in aggregate. Produce pie charts that illustrate your corporate spending in detail. Plus, the card lowers administrative costs that stem from cash advances and reimbursements.
Manage and Monitor (even restrict) Employee Spending - You can use the PEX Visa® Prepaid Business Card administrative interface to create different funding rules for each card, different daily spending limits as well as the types of merchants where your employees can use their cards.
PEX Visa® Prepaid Business Card Specifics
Loading Your Card - The maximum amount you can load on any one PEX employee account is $25,000 dollars. This should be more than enough to cover whatever business expenses your workers encounter in a day!
The Funds in Your Account - Your PEX card account is the account from which you load your subsequent employee card accounts. Your money is FDIC insured so you can rest easy. If you need to take unused money back, you can always transfer funds back to your bank account. Your money is always yours until purchases are made or fees are charged.
Issuing Cards to your Employees - Recipients will receive their personalized PEX Visa® Card within 7-10 days, or faster if you choose to expedite. Cards are issued inactive, with a zero balance - there is no minimum funding requirement. Cards won't expire until 3 years from date of issuance.
Load (and unload) your Employee Cards - You can specify and adjust individual card balances or daily limits, set spending rules by merchant category, suspend or reactivate card use temporarily - all in real-time. Add $35 dollars for supplies, or $600 dollars for a business trip. You can even remove the "change" and reallocate it to someone else!
PEX Visa® Prepaid Business Card Administrative Management Interface
The PEX Visa® Prepaid Business Card comes with an easy to use administrative website that lets you control how much your employees spend...and even where they spend it! You can easily allow spending rules by employee or by department.
• Reload cards quickly and easily
• No transaction fees
• No deposit fees
• Individualize each card with the cardholder's name
Despite the PEX Visa® Prepaid Business Card account not being a bank account all of the monies deposited are FDIC insured. As an added benefit, you can stop acting as the go-between for every purchase with pre-authorized spending profiles. Saving you time to focus on growing your business.
Business Pricing that's a Perfect Match
PEX Visa® Prepaid Business Card fees are straightforward and simple, so there aren't any surprises like overages, overdrafts, or interest charges to throw off your budget. When you compare the PEX card to checks and cash advances, many administrative costs fall by the wayside.
There's only a one-time Account Set-up Fee of less than $50.00. A nominal monthly fee per card however it can be waived for ALL CARDS when your business spends upwards of $50,000 a month.
Other features like Account Maintenance, Cost Per Transaction and Direct Deposit are all free!
Enrollment is easy and comes with a 2 Month Free Trial period to make sure the PEX Card Service is right for your business. Additionally, custom pricing is available to companies that meet the following guidelines:
• You expect to issue more than 50 PEX Visa® Prepaid employee cards
• You plan on some staff using cards periodically or seasonally
•Your organization is a 501c3 or other non-profit/charitable outfit
The PEX Visa® Prepaid Business Card offers you more than freedom from overdraft fees and overage charges. It delivers savvy business owners and professionals a way to monitor employee spending and streamline the process used to get essential funds to your worker's efforts, faster.
With an intuitive, secure administrative interface, numerous avenues of limitation options for employee cards-- combined with the ability to restrict card use by merchant category, you can take control of your small business spending with the PEX Visa® Prepaid Business Card!
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| Updated: April-18-12 |
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| Most Attractive Feature(s): Instantly fund employee purchases; no surprise interest charges or overdraft fees. |
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| Least Attractive Feature(s): Monthly fee and one-time program set-up fee. |
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| Note: The review of this card was updated on April-18-12. The review is believed
to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully
read the Terms and Conditions statement that accompanies the Pre-Paid card application. |
| Terms and
Conditions |
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