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How are Commercial Prepaid Cards helpful for Small Businesses?

Discussion in 'Financing Your Business' started by Conext Card, Jun 25, 2018.

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  1. Conext Card

    Conext Card Member

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    How are commercial prepaid cards helpful for small businesses?
     
  2. fulfillment

    fulfillment Member

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    We have 1 prepaid card and we only use it if we need someone to go pick up something. Someone running to a big box store, supply store, or to get fuel, but before they head out the door we know with in $50.00 of what they are going to spend and it takes 1 minute to log in and to transfer funds to the card for that trip. The only thing the card has been used for this year was to get fuel because I hate driving the box truck.

    A prepaid card does not help your Paydex score so usage should be very limited.
     
    djbaxter likes this.
  3. fulfillment

    fulfillment Member

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    I forgot.
    IF you pay with a bank transfer sometimes you can get a 5% discount. A lot of places have added in the 5% CC processing fees into all orders and by not using one sometimes they will pass on the savings. My bank has a setup under pay bills to transfer money.
    When you order a full semi load of something 5% can be a lot of money...
     
    djbaxter likes this.
  4. annagreenang

    annagreenang Member

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    Thank you for the helpful info, i had wrong concept about it.
     

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