PEX Visa® Prepaid Card For Business Review

The PEX Visa® Prepaid Card For Business is an alternative to a traditional business credit card that enables business owners to set up employee accounts and manage them with rules that set spending limits. These types of cards require no credit checks and make it easy for businesses to control general spending.

Card Benefits

With the current state of the economy, and more small businesses struggling to manage spending, prepaid cards have become a great option. These cards require no background or credit checks, they are easy to obtain and distribute to employees, and you never have to worry about overspending, or spending more than an amount that was pre-authorized.

At the time this review was written, we found the PEX Visa® Prepaid Card For Business came with the following benefits:

• No transaction fees;
  
  
• No fees to deposit funds;
  
  
• Funds deposited onto the cards are corporate funds, and not owned by employees;
  
  
• Cards can be personalized with the names of individual cardholders;
  
  
• Purchases can be instantly funded for employees;
  
  
• There are no surprise fees from spending on multiple accounts which can save a great deal of money over the long term;
  
  
• You have control 24/7 over how much employees are spending and where;
  
  
• There is currently a free trial period on the card, that waives the monthly fee for two months after enrollment.
  
  
• After the free trial a low fee of $7.50 per month is charged.

Since spending cannot exceed the amount preset on the card, small business owners do not have to worry about interest accruing on purchases, overdraft fees, over the limit fess, or any of the many other unwanted surprises that often come with traditional forms of business credit cards. There is also no hefty annual fee, and currently no charge for adding cardholders.

The PEX Visa® Prepaid Card For Business is quite similar in nature to a personal debit card; however it is designed solely for business use. We find that business owners are starting to flock to alternatives such as this, mainly due to changing market conditions, as a means to control spending and eliminate common credit card headaches.