Prepaid Cards: Full Control Over Business Expenses

Traditional processes can’t keep up with smart prepaid cards.

Although corporate credit cards and reimbursements are a popular choice for many businesses, the only spending restrictions are sky-high limits or the depths of employee pockets. This means that until reports roll in weeks later, you’re in the dark on who spent what and where.

73% doubt data: Almost three quarters of respondents to an MHR survey said they doubt their month-end data.
70% lose time: Most businesses lose up to two weeks a month on spend management admin.
30 days to process: On average, it takes 30 days for a business to process an expense – until then, there’s no visibility of costs.

Find out how prepaid cards are better than a business credit card →

Get started

payment receipt in GBP captured using Soldo's mobile expense management app

What is a prepaid company card?

A prepaid card is a payment card with a preset budget you load money into so that your employees can make payments and get their jobs done.

It’s a convenient way of giving your employees access to funds, in the same way that you would with a debit or company credit card, but without the risk of them overspending. Combined with:

An intelligent expense management platform
Intuitive, integrated accounting

You can use prepaid cards to take control of your company spending.

Learn more about prepaid cards →

Why use prepaid cards for expense management?

For businesses great and small, and for public sector organisations, prepaid business cards help you to:

Streamline expenses
Reduce risk and significantly control overspending

The controlled allocation of real money makes budgeting easy, with no risk of nasty surprises at the end of the month. It’s also reassuring to know that your business can never lose more than the amount loaded onto the cards.

Introducing Soldo – Everything you need for effortless spend management.

Prepaid company cards

Give all staff smart company cards with built-in budgets and rules.

Employee expenses app

Capture receipts, VAT, expense categories and more on the spot.

Management platform

Control costs and delegate payments; track all spending as it happens.

Accounting integrations

Export accurate data to any accounting system in a couple of clicks.

Get started Speak to us

Risk free company spending with Soldo prepaid cards.

Many companies now use prepaid cards instead of company cards, and there are a number of features that a good card issuer will provide.

Controlled spending with customisable rules and limits: You can set limits for categories (like travel, training, or food and drink) and/or daily spending limits.
In-depth expense reporting: This gives you actionable insight into how your business spends money. Filter by user, currency, period of time, and more. Find more cost-effective alternatives for recurring expenses.
Accounting software integration: Soldo integrates directly with QuickBooks and Xero, for example.

Soldo prepaid card and expense management system with mobile and desktop software

Mobile transactions homepage from Soldo prepaid system

Frequently asked questions

Is a prepaid card a credit card?

No it isn’t. With a credit card, limits are sky high and often inflexible. Credit cards can also incur debt, which of course is not something you want for your business. With a prepaid card, you only load money onto it that you know you can spend. This means increased visibility and increased financial security. Learn more about the advantages of prepaid cards.

How do prepaid cards work?

You can set budgets, assign specific cards to certain individuals or teams, and top up your cards whenever you need. One of the biggest benefits of a prepaid card is the visibility. You already know how much you’re spending, so there are no mystery payments. With a Soldo prepaid card, your business won’t lose any time catching up on expense admin, leaving you to get back to the tasks that matter.

How do you get a prepaid card?

Usually it’s as simple as applying online, and eligibility criteria is generally more relaxed than those of traditional business credit cards. At Soldo we can tailor a unique package specifically to your business, or you can choose from one of our pre-set plans. Every Soldo prepaid plan can streamline your finances and our application process is simple with no need for credit checks. You can sign up in minutes and be up and running the next day.

What is the best prepaid card to get?

The ‘best’ prepaid card will depend on your business and its particular needs. A lot of financial service companies offer prepaid cards that differ from the business credit cards provided by traditional high street banks. Although there are flashy features available out there, the most important function is to make your financial processes and expense management much easier. This is what a Soldo plan can do for your business. Learn more in our guide to prepaid cards.

Rated “Excellent” on Trustpilot by over 1000 businesses

Apply online in minutes and start spending in as little as one working day

“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.”

Mark Taylor

Director of Finance at Plymouth College of Art

“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”

Sandra Curran

Purchase Ledger Coordinator at Making Space

Let’s find the right Soldo plan for your prepaid cards

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.

Bank-level security – FCA regulated & PCI compliant

Start

5 free cards to get your business started on automated spend management.

Free

Start comes with

Receipt capture and categorisation
Xero, QuickBooks and Sage integration
Accounting Access
Spending limits
£7 per additional user card (5 included)

Pro

Level up your spend management with additional features.

£30/month

All of Start, plus:

Advanced card rules
Fuel cards
Move funds between wallets
Automatic budgeting rules
Easily manage recurring payments (5 included)
Single use cards (25 included)
£6 per additional user card (5 included)

Premium

Advanced features and increased control for more complex needs.

£90/month

Every feature from Pro, plus:

Multi-currency wallets and cards in GBP, USD, and EUR
Mastercard data feed
API Integration
Manage department spending and budgets
Integrate with Netsuite
Single-use virtual cards (75 included)
Easily manage recurring payments (15 included)
£10 per additional user card (10 included)

Enterprise

The flexibility to meet complex needs and the power to scale with your business, including dedicated support.

Contact sales

Get a quote

All the benefits of the Soldo platform:

What’s included?