Prepaid business expense cards trusted by over 60,000 businesses
Why move to employee expense cards?
Employee expense cards are the natural step up for companies tired of the wasted time, lack of security and inaccessibility of traditional business spending accounts. With Soldo, you get a full spending solution: including plastic and virtual cards, a web console for controlling payments and integrated apps for every employee.
Save yourself time
Managing and tracking spending across company cards or cash is a hassle, forcing you to juggle receipts and chase late expense forms. Soldo automates the entire process.
Protect your finances
Instead of giving staff access to the company account, or letting them drive up debt with credit cards, give them a set budget each month in their own dedicated account – that you control.
Give staff autonomy
Enable your team to decide how they want to spend their learning, entertainment and travel budgets by giving them their own employee benefits account.
No credit checks needed
You can get your business up and running with Soldo within a single day – and there are no credit checks required at any point.
What is a business expense card?
A business expense card is a way of enabling employees to cover the costs they incur while doing their jobs. How they work is simple: you give prepaid cards to as many members of your team as you like, and each comes with a dedicated account that you load with money.
Staff can then use the preloaded company expense cards as they would a normal credit or debit card: buying fuel, meals, online purchases and more.
With Soldo, you get extra controls that enable you to dictate how each account is used – and a web console for tracking transactions as they happen.
Corporate expense cards vs traditional company cards
Company credit and debit cards are popular, but they have drawbacks that business expense cards don’t.
With a debit card, the balance on the card and the balance in your primary account are one and the same. This essentially means the holder has unlimited access to those funds – unless they run out.
So you’ll need to make sure that you trust each cardholder to spend responsibly. Even then, the card will likely be shared among many employees, which makes it difficult to keep track of who’s spent what.
A business credit card, on the other hand, is linked to your line of credit. Its only spending limits are annual or monthly, making it susceptible to misuse. You’ll only be able to see statements at the end of the month, too, so you may not notice problems until it’s too late.
Prepaid expense card solutions have a few key differences. Their balances are separate from the company account itself, which means the cardholder can only ever spend as much as you put on their card. Because this isn’t linked to your line of credit, staff can’t impact your credit score.
Choose Soldo for the best company expense card
5 stars – I needed cards for expenses for my business. I have found the whole process easy: the website, transfers, adding cards, activating them, etc, was very easy to do and very fast. The cards arrived within 3 days. The money transfer process from my business account to the Soldo card is also instant, which makes things much easier.
– Lynne Busson
Soldo’s expense cards work a little bit differently to others. You get total control over each account via our web console, which also keeps you up to date on spending in real-time. And your staff get access to integrated apps that help them manage spending and track expenses.
The flexibility you need
Soldo can fulfil any business spending requirement you have: whether you need a currency expense card, fuel card, travel expense card or more.
You can set your own individual employee expense policies with budgets, limits and rules on every account you create. You could give a card to each department so they can manage their own supplies and subscriptions, or give one to every employee for learning and development.
If the account’s only intended for online spending, then you don’t even need to order a physical card: you can create virtual cards instantly.
Adding funds or changing the rules on a card is simple via Soldo’s web console. And your staff can see their remaining budget and restrictions on the app, so there’s no confusion over what they can spend.
Expenses made easy
Expenses have created unnecessary hassle for you and your team for too long.
Employees having to pay out of their own funds, keeping receipts and filing expense claims is a time sink – and leaves too many gaps that you have to chase down to keep your records in order.
With Soldo, the process is fully automated. Your staff take a photo of their receipt at purchase, and that’s their work done. For you, there’s no more missing paperwork or missed VAT deadlines, because Soldo integrates with any accounting solution. Exporting your expenses takes two clicks.
Soldo’s also one of the best business expense cards for Xero, with a direct integration.
There’s no fee for domestic transactions with any Soldo card. So each budget can be used for business spending, without charges. If you need to send staff overseas, then our FX fee is fixed at just 1%.
Plus, it’s completely free to deposit funds into any account – and the money will be available instantly.
View a complete breakdown of our charges and limits.
Soldo’s web console keeps you up to date with each transaction as and when it happens, so you always know who’s spending what. Because in the modern business world no one should have to wait for a monthly statement to see what’s been spent across their company cards.
If there’s a payment that looks off, Soldo will notify you immediately.
That makes it easy to give every employee their own card, without the fear that you’ll lose track of business spending. You can even give cards to contractors and external team members, putting an end to the days of quibbling over questionable claims.
What is an expense card?
An expense card is an account that businesses use specifically for staff spending. They enable companies to move beyond using claims and reimbursements for expense management, instead giving each team member a card they can use for fuel, food or entertainment expenses.
What is a Soldo card?
A Soldo card is a prepaid card that’s used by thousands of companies for expenses and more. It comes with advanced features that give you more control and oversight over company spending.
Can I get a prepaid expense card for my business?
Yes, almost any business can get a prepaid expense card. There are no credit checks involved, so getting a prepaid card is much more straightforward than applying for a credit card. Once you’ve signed up for Soldo, you can order as many as you like.
Is Soldo a credit card?
No, Soldo’s Mastercard® cards are prepaid instead of running on credit. This brings several advantages to your business: your staff can’t run up debts, you get much more control over how each account is used and you can track spending in real-time. Plus, you won’t need a credit check to get started.
How are expense cards different from company credit cards?
The biggest difference between expense cards and company credit cards is that there’s no credit involved. Instead, you preload each expense account with a set amount of funds. With Soldo’s expense cards, you get budgeting controls and oversight that aren’t available with credit cards.
What’s the best prepaid expense card for my small business?
Soldo’s advanced features and low fees make it a great fit for SMEs and startups. The Pro plan is designed for small businesses, all the features and functionality you need to manage spending – including our full suite of cards, web console and integrated apps.
Make staff expenses simple
Upgrade to Soldo to automate the expenses process – so you can get back to the tasks that matter.