The universal fuel card for companies and professionals from Soldo is valid for all distributors, including methane, LPG and electric car charging points.
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Check the fuel spending
of each card in real time
The card is enabled for the purchase of fuel only, so you can delegate payments with company money without stress.
Refuel wherever you want
choosing the best price available
Save time, money and effort looking for petrol stations affiliated with a specific card
Automate reports & admin
Capture receipts, notes and tags – right at the point of purchase.
Unlike other fuel cards, with Soldo you are free to refuel at any station, so you save time, money and effort without looking for petrol stations affiliated with a specific card. Choose the fuel or electric charge station you prefer in the UK or abroad. As prices are very different, you could save money, by choosing the petrol station with the most competitive fuel price. With Soldo, the choice is entirely yours.
Related content: What is a fuel card management system?
Assign a card to each employee with a company car or van, or combine it with a shared vehicle in the pool, and you are immediately operational. Everyone on your team will be able to pay for fuel with a personalised Soldo card for fuel and you will remain in control of your business expenses. Learn more about how Soldo’s fuel cards help with HMRC milage allowance and managing your milage.
Manage fleet fuel payments by associating cards with vehicles, and produce detailed reporting. Pull reports dedicated to fuel costs that provides the list of payments made at each service station. By consolidating the expenses of all vehicles into a single report, Soldo fuel cards can provide an overview of the total spent and the distribution of VAT costs according to the rates set for each individual vehicle.
It is important to note that some companies may benefit from a more broad expense management solution, such as a prepaid card. Soldo offers one of the best prepaid cards for business, providing a simplified solution to managing company-wide spending.
The main difference offered by Soldo cards is the ability to cover a far more extensive range of business expenses for employees. With Soldo’s expense management platform, business managers and leaders can monitor and control employee spending in real-time, minimising the time spent on reporting and financial admin.
The use of fuel cards is becoming increasingly popular as businesses recognise the many benefits that they offer.
Instead of paying for the cost of fuel using cash, credit or debit cards, employees can use a fuel card. The cards can be affiliated with a major fuel brand, or operate across specific fuel stations, such as supermarket forecourts.
Some cards only allow drivers to refuel, but other types also cover certain vehicle costs, such as replacement tyres and windscreens, and even tolls on bridges and roads. Firstly, transactions are logged against the car, and businesses will then receive regular invoices in a format that is compliant with HMRC. The use of dedicated cards for fuel frees business managers from the burden of collecting receipts and calculating VAT manually.
They can be assigned to an individual vehicle or a specific driver. When the vehicle requires refuelling, the driver fills up at the pumps as usual. The card is handed to the cashier who logs the transaction, just as they would with a credit card. The driver then inputs their PIN and sometimes a separate unit number too, as further verification.
The transaction is charged against the account that owns the card. Invoices are issued to the business regularly, usually weekly or monthly, showing each purchase for that specific accounting period.
The main benefit of using fuel cards is the opportunity to purchase fuel at a discounted price. There is a wide choice available, and the majority give access to fuel prices that are cheaper than the price advertised at the pump and on the forecourt. The discount may only be a few pence per litre but over a year that can represent huge savings, particularly for companies operating a large fleet.
Employees appreciate them, as they enable them to fill up company vehicles without any need to use their own money. Expense management can be a long-winded and frustrating process, usually involving bundles of damaged receipts which tend to go astray. Lost receipts might leave your employees out of pocket, which in the long run could cause resentment. Learn more about how the Soldo mobile app helps with receipt capture.
Unlike credit cards, which can pay for various business expenses, fuel cards tend to be exclusively for fuel and motoring expenses, so there’s no confusion as to the amounts spent and where. Invoices contain all the information that a business needs to complete its accounts, making light work of administrative tasks.
The majority of fuel cards come with controls that fleet managers can tailor according to the needs of the business. For example, it’s possible to set specific spending limits on each card issued, which significantly limits any potential for fraudulent use.
Additionally, the information displayed on the invoices allows business managers to assess the mileage and running costs of their vehicles with high accuracy, which can speed up your mileage claim processes. It’s also possible to identify drivers who could benefit from further training to encourage more efficient fuel consumption.
There are a variety of cards available, some affiliated with particular fuel brands such as Shell and Esso and some giving access to supermarket forecourts, for example. The cards can also be associated with specific types of fuel. Businesses can choose diesel cards, petrol cards, or combination cards which allow access to all fuel types.
Businesses that own several vehicles may find that a dedicated card for fuel can help to save time and money. In addition to providing businesses with HMRC-approved invoices, the data collected allows business managers to keep a close eye on the activities of their vehicles and their drivers to ensure optimum efficiency.
“When we switched to Soldo, it became obvious that it was quicker and more efficient. There’s a greater feeling of security; we have more confidence in Soldo than the traditional corporate credit cards.”
“Petty cash and reconciling credit cards took a total of 6 days a month. Now it takes me half a day. It’s saving us time! It’s got great flexibility and it makes my life a lot easier”
Choose a plan that fits the way your company spends. Apply in minutes, get going in as little as one working day, and cancel anytime.
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