Business Prepaid Cards give you oversight and control over company spending.

A business prepaid card is a payment card that a company loads with funds in advance, instead of drawing on a credit line or current account. Employees use the card for purchases, but only up to the amount loaded, which gives businesses tight control over spending without the admin of reimbursements.

Soldo prepaid cards add real-time transaction tracking, ring-fenced budgets per card, automatic receipt capture via the mobile app, and direct sync to accounting software. They’re issued under Mastercard and accepted at over 30 million merchants worldwide.

A prepaid card gives your teams the flexibility to make purchases and payments whenever and wherever they need to. Soldo prepaid cards can be used for in-store purchases, contactless transactions or online payments, in the same way you would usejust like a traditional debit or credit cards.

Adding money to your Soldo prepaid cards is straightforward. You can choose one of the following options:

• Bank transfer: Add money to your company wallet in to 24-48 hours for GBP and EUR. USD can take up to five working days
• BACS: Faster payment option, with funds typically available for use immediately
• PayPal: Instant transfers in up to 30 minutes, or up to 3-5 working days for standard transfers

No matter the size of your organisation, our prepaid cardshave got you covered. You can issue a prepaid cardto multiple employees within your team, or colleagues you work with externally, to have complete control over their spending limits.

In the same way you would with a business debit card, you can withdraw money from a Soldo prepaid card using an ATM. Our prepaid cards have withdrawal limits that may vary depending on your account. You can find out more by logging into your account.

A prepaid card holds a separate balance that the business loads in advance, while a debit card draws directly from a current account. Prepaid cards can be issued to multiple employees with individual limits and rules, without giving anyone access to the company’s main bank account.

Soldo prepaid cards function like debit cards at the point of sale (chip and PIN, contactless, online payments), but the controls and visibility behind them are designed for businesses managing many cardholders rather than for personal banking.

No. Business prepaid cards don’t require a credit check on the company or any cardholder, because they don’t extend credit. The card can only spend what has been loaded onto it.

This makes them practical for new businesses, sole traders, and any company that wants to issue cards to employees without affecting the business’s credit profile or running individual checks on staff.

Business prepaid cards work by holding pre-loaded funds in a company wallet, which administrators distribute to individual cards as needed. Each card can be issued to an employee, a department, or a specific project, and spending is restricted to the funds available on that card.

With Soldo, you load funds into your central account, then top up individual cards from the dashboard. You can set spending rules per card (amount limits, allowed merchant categories, geographies, time windows), see every transaction in real time, and freeze or cancel a card instantly if needed.

A prepaid card uses funds the business has already loaded; a credit card draws on a credit line that the business has to pay back, usually with interest if not cleared monthly. Prepaid cards can’t be overdrawn, don’t accrue debt, and don’t require a credit check to issue.

For businesses, the practical difference is control. With a credit card, employees can spend up to the limit and the business reconciles after the fact. With Soldo prepaid cards, spending is capped at what’s loaded, ring-fenced by budget, and visible the moment it happens.

Checking the balance of your prepaid cards is quick and easy. You can access your real-time balance via our mobile app or online, or receive a notification via text. You can also use an ATM to see what money you have available.

Yes, they certainly can. With Soldo, you can make international payments in several currencies including GBP, EUR and USD using your prepaid card. This means that if your employees are required to make a business trip abroad, they’ll still have quick and convenient access to the funds they need.

Please note, there’s a small foreign exchange fee for using your card to pay in a different currency.

The size of your organisation or the number of prepaid cards you require will determine which Soldo plan is right for you. We have three options to choose from, each with their own key features.

With the Standard plan, you get access to all our core features such as the use of the mobile app, reporting and integration, and access to our online support centre. The Plus plan offers a more comprehensive solution, including multi-currency support and advanced receipt capture and reporting.

If you are interested in finding out how Soldo can transform your organisation’s spend management solutions, you can try either plan free for 30 days.

For larger organisations, our Enterprise plan comes with unlimited users, cards and wallets, so you can ensure each employee has access to the funds they need at any given time. You’ll also benefit from additional personal account management and professional services.

You can find out more about our pricing online or request a call back for further information.

Business prepaid cards are generally safer than alternatives like petty cash or shared credit cards because each card has a separate balance, can be frozen instantly, and never gives access to the main company account. Lost or compromised cards limit exposure to whatever is loaded on that single card.

Soldo is regulated by the Financial Conduct Authority (firm reference 900459) and applies bank-grade security across the platform, including 3D Secure, in-app PIN management, and instant card freeze from the mobile app or web console.