Soldo is a fuel card, FX card and general expense card all rolled into one. A complete prepaid business account.
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.
When looking at business prepaid cards in the UK, you’ll want to watch out for specific benefits such as the ones below.
Soldo revolutionises 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.
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.
A Soldo plan for any business
Soldo Ltd software services plan prices exclude VAT. Soldo Financial Services Ltd fees, and typical limits are available here.
Frequently Asked Questions
What are prepaid business cards used for?
Prepaid business cards are used to give management and finance complete visibility over spending, without taking accountability away from staff. A loaded card can be used in any situation in which you could otherwise use a debit or credit card. You might, for example, use them to give a budget to salespeople on the road, removing the hassle of expenses. Or you could give every employee an individual learning and development fund.
What are prepaid credit cards?
Prepaid credit cards, or prepaid business credit cards, are another term for prepaid business cards, a spending solution that gives your teams control over how they spend their budgets. While often referred to as prepaid credit cards, there’s no credit involved – instead, you load up each card with funds that staff can then spend.
How do prepaid business cards work?
Prepaid business cards work by enabling you to give cards to employees and departments. You decide how much cash gets allocated to each card, and where it can be spent. Then you can manage every aspect of the cards, for free, from an online payment console. After that, it’s up to your staff to decide how to spend their budgets.
What is the difference between a prepaid card and a credit card?
The biggest difference between a prepaid card and a credit card is that prepaid cards don’t require any credit to function. This brings two significant advantages for prepaid cards: there’s no debt involved, and no restrictions on who can use them – all you need is a registered company name.
Are prepaid business cards safe?
Yes, prepaid business cards are one of the safest ways of managing business spending. Unlike business debit cards, prepaid cards don’t give users access to the main company account, so you have complete control over how much staff spend. And unlike credit cards, there’s no chance of going into debt.
How much does a prepaid business card cost?
You can get started with a Soldo prepaid business card with the Soldo Pro plan. That gets you access to all of Soldo’s core features, including its mobile app and online console. There are no deposit fees or transaction fees to pay. If you need advanced features, you can sign up for Soldo Premium. Find out more about pricing plans.
Can I use a prepaid card for business online?
Yes. You can use prepaid business cards online or in-shop, to make the same purchases you would with a debit or credit card. Soldo offer prepaid cards and virtual company cards. They’re almost identical to traditional prepaid cards – but instead of sending you a physical card, everything is online.
Soldo® 2021All rights reserved The financial services provided to customers resident in or with registered office in a EEA country are provided by Soldo Financial Services Ireland DAC, a company incorporated in Ireland with company number 610705 and registered office at 33 Sir John Rogerson’s Quay, Dublin 2, Ireland, authorised as an Electronic Money Institution by the Central Bank of Ireland (firm registration number C179925). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card is issued by Soldo Financial Services Ireland DAC pursuant to a licence issued by Mastercard International Inc.. Soldo Financial Services Ireland DAC complies with all applicable data protection and privacy legislation in force from time to time in Ireland including the EU General Data Protection Regulation (EU 2016/679) and the Data Protection Acts 1988 - 2018. All communications related to financial services provided by Soldo Financial Services Ireland DAC shall be sent to Soldo Financial Services Ireland DAC, 33 Sir John Rogerson’s Quay, Dublin 2, Ireland. The financial services provided to customers resident in or with registered office in the UK are provided by Soldo Financial Services Ltd., a company incorporated in the UK with company number 09495650, whose registered office is 119 Marylebone Road, London, NW15PU United Kingdom, authorised as an Electronic Money Institution by the Financial Conduct Authority (firm registration number 900459). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card is issued by Soldo Financial Services Ltd pursuant to a licence issued by Mastercard International Inc.. Soldo Financial Services Ltd. (data protection number: ZA147304) complies with all applicable data protection and privacy legislation in force from time to time in the UK and the EU including the General Data Protection Regulation ((EU) 2016/679) and the Data Protection Act 2018. All communications related to financial services provided by Soldo Financial Services Ltd shall be sent to Soldo Financial Services Ltd., 119 Marylebone Road, London, NW15PU United Kingdom. All communications related to the website, the software and related services shall be sent to Soldo Ltd., 119 Marylebone Road, London, NW15PU. Soldo Ltd. (data protection number: ZA 092035) complies with all applicable data protection and privacy legislation in force from time to time in the UK and the EU including the General Data Protection Regulation ((EU) 2016/679) and the Data Protection Act 2018.