Everything you need to know about Soldo’s prepaid expense cards for business.
With Soldo’s prepaid expense cards, you can give a company card to any individual or department that needs one. You then decide the budget for each card – plus any rules about how it can be used.
As a complete prepaid business account, Soldo is a:
Whether they’re using it for travel expenses, entertainment expenses, online payments or simply getting what they need to do their job, Soldo gives you total control over how employees and teams use company money. Your finance team can track and manage your business spending, and your employees get autonomy and flexibility over how to spend their budgets. You can manage every aspect of your prepaid expense cards from Soldo’s online admin console: check cardholder activity, make free and instant money transfers, freeze cards and more.
Prepaid business cards are the next evolution of business debit cards and company cards:
- Unlike debit cards for business, you’re not giving employees access to the company bank account.
- Unlike corporate credit cards, no employee can run up any debt – and there are no credit checks needed to get started.
You can sync your expenses and spending data with Xero, Quickbooks Online, NetSuite, Sage or any other accounting software that allows you to upload data in just a few clicks.
Say goodbye to the errors and wasted time that come hand in hand with manual data entry. There’s a smarter way that doesn’t involve a petty cash box.
Prepaid expenses cards that give you more
With Soldo, you aren’t just getting prepaid business cards. You’re getting a full spending solution that gives you complete control and visibility over your petty cash, staff expenses and outgoings.
Choose Soldo for the best prepaid business cards
When looking at prepaid business cards in the UK, you’ll want to watch out for specific benefits such as the ones below.
Soldo revolutionizes traditional prepaid cards for business expenses. We don’t charge for transactions or deposits – plus, our apps and online console enable you and your staff to manage and track spending entirely online.
Integrate your spending and accounting systems
Soldo runs entirely in the cloud and integrates with your chosen accounting platform such as Xero to save time and eliminate errors.
Manual data entry causes headaches for growing businesses and established organisations alike. By automatically sending data to accounting software, Soldo gives you accurate accounts that are reconciled in just a couple of clicks – ensuring there are no more inaccurate records or missed VAT deadlines.
No credit history needed for a prepaid business account
Because there’s no debt involved in prepaid employee expense cards, we don’t check your credit history when you sign up. So if you’re just starting out and haven’t built up a credit score, it isn’t an issue. And as you never have any credit to pay off at the end of the month, you can’t damage your credit score.
This makes Soldo the natural choice for new businesses – or anyone who’s been burned by company credit cards in the past.
Empower employees with prepaid cards for business expenses
Traditional business spending solutions restrict staff and lead to poor spending practices, as any business owner who’s had to hunt down the company card knows.
With Soldo, anyone that needs a company card gets one. They’re responsible for their spending, but you can limit how much they spend – and where they spend it. For instance, you can designate a card for online advertising costs so your marketing team keeps track of them.
You won’t have to run through endless expense sheets at the end of each month, or wait 30 days to see what’s on the statement. And your staff won’t have to spend their own money, putting themselves out of pocket until payday.