Prepaid Spotlight: The PEX Visa Prepaid Card for Business

Dec 12, 2011 – This week, in GetDebit’s Prepaid Spotlight, the PEXcard Visa Prepaid Card warrants our attention. The PEX card Visa claims to be the perfect alternative to traditional business cards. If you visit the PEXcard website, there are some fantastic graphics showing the online account management system, as well as a short 5 minute instructional video of how PEX simplifies employee purchasing. The Prepaid Visa PEXcard can help your company enable your employees by getting funds to them anywhere, anytime for instant purchasing power.

There is a ton of great information enabling you the corporate officer, to get a PEXcard on both the website or by phone. On the “How It Works” page of the website home page, you will notice a box in the lower left corner with process tabs on how to Enroll, Fund, Issue, Control, Use and Review the PEXcard. They also currently offer a 2 month free trial with signup. The “Pricing” tab also provides the online user a box with all included fees. You will notice a One-Time Program Account Set-up Fee of $49.95 that is definitely market competitive. There are many free services including Card Fulfillment, Per Transaction, Live Agent Call, Account Maintenance, ACH Deposit, Currency Conversion/Event and Card Overdraft. Be aware that there is a Monthly Fee of $7.50 per card that will be waived if the business spends $50,000 or more. Other potential fees include – Bank Rejected ACH Request, Express Card/Request, ACH Transfer From PEX Account to Your Bank, Late Payment for Fees Due and Card Replacement. Will proper card administration, most of these fees can be avoided. PEXcard also gives the added control of not allowing employees access to cash.

Here, we emphasize some of the great features that come with the PEXcard Prepaid Visa:

  • Instantly fund employee purchases.
  • Gain 24/7 control over where and how much employees spend.
  • Save money; no surprise interest charges or overdraft fees.
  • Free Trial Period – No Monthly Fee for at least 2 months after you enroll.
  • No transaction fees.
  • No deposit fees.
  • Cards are personalized with the cardholder`s name.
  • The funds on deposit are corporate funds – not employee-owned.

The prepaid business expense PEXcard Visa is a great financial tool for your business for a variety of reasons including – real-time access to funds for your employees, total expense control by you, improved company cash flow, immediate account access 24 hours a day – 7 days a week, predetermined spending limits, establish funding rules, card restriction usage by merchant category, great training, ability to customize an card program and a simple, efficient account management system. We think you just might find this is the perfect business expense card for you. Give it a look!!!

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