Are you tired of managing your business expenses with cash or credit cards? Prepaid business cards are a great solution for businesses of all sizes, providing a convenient and secure way to manage expenses. In this post, we will explore what prepaid business cards are, why you need one, and the features to look for when choosing a prepaid business card. We will also provide a list of the best prepaid business cards available in Malaysia, including Swipey.
What is a Prepaid Business Card?
A prepaid business card is a type of debit card that is preloaded with funds. Unlike credit cards, prepaid cards do not require a credit check and do not accrue interest. Business owners can load funds onto the card and use it to make purchases or withdraw cash, up to the balance on the card.
Why Do You Need a Prepaid Business Card?
Prepaid business cards offer several benefits for businesses:
- Convenient: Prepaid cards are accepted at most merchants and can be used for online purchases, making them a convenient option for managing expenses.
- Secure: Prepaid cards are more secure than cash or traditional credit cards, as they are not linked to a bank account and can be easily cancelled or replaced if lost or stolen.
- Budgeting: Prepaid cards can help businesses stay on budget by setting spending limits and tracking expenses.
- Cost-effective: Prepaid cards can be a cost-effective way to manage expenses, as they do not require a credit check and do not accrue interest.
Features to Look for in a Prepaid Business Card
When choosing a prepaid business card, there are several features to look for:
- Reload options: Look for a card that offers easy and convenient ways to reload funds onto the card.
- Spending limits: Look for a card that allows you to set spending limits for individual users or for the entire account.
- Reporting: Look for a card that offers robust reporting tools to help you track expenses and manage your finances.
- Security: Look for a card that offers advanced security features such as fraud protection and the ability to lock or unlock the card remotely.
Best Prepaid Business Cards in Malaysia
- Swipey: Swipey is an all-in-one expense management platform that offers virtual and physical prepaid business cards as part of its suite of tools. The Swipey card can be loaded with funds instantly and used for online and offline purchases, making it a convenient and secure option for managing expenses.
- Boost Business Wallet: Boost Business Wallet is a prepaid card that allows businesses to manage expenses and pay suppliers. The card can be loaded with funds via bank transfer or Boost e-Wallet and can be used for online and offline purchases.
- BigPay for Business: BigPay for Business is a prepaid card that offers spending controls and real-time expense tracking. The card can be loaded with funds via bank transfer or credit card and can be used for online and offline purchases.
- Wise Prepaid Card: Wise is a multi-currency prepaid card that allows businesses to manage expenses in multiple currencies. The card can be loaded with funds via bank transfer and can be used for online and offline purchases.
If you’re looking for a convenient and secure way to manage your business expenses, sign up for Swipey today! In addition to our prepaid business card, Swipey offers a suite of expense management tools to help you stay on top of your finances. Book a demo with Swipey today to learn more about what we can offer your business.