Walmart Money Card Visa Review

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PEX Visa Prepaid Card For Business


Summary of PEX Visa Prepaid Card For Business



This Prepaid Card is exclusively for Businesses that want to have a complete control over the corporate expenditure. This provides an easy and secure way to spend money by their employees. It helps the employees to make corporate purchases in an easy way as the Cardholder funds are completely segregated from the corporate funds. The Company managers are able to completely monitor how their funds are used and have the ability to block and unblock cards through the website.

The PEX Visa prepaid Card has many unique features like real time electronic funding, zero balance, setting daily limits for expenses, restricted usage as per merchant category, real-time monitoring and tracking of expenses, ability to set funding rules for each card, and ability to closely monitor and manage employee spending.

The easy to use Administrative interface gives you the capability to manage all accounts online in one place and gives you the convenience of easy loading of funds to the Cards. This is very economical to use, as there is no transaction or deposit fees. With your own personalized Card you have all the corporate funds insured with the FDIC.  The managing of budget is very easy as the PEX Visa prepaid card gives the flexibility of maintaining individual balances on the card.

When needed, the balance on the card can be redeposited back to the corporate bank account at any time. The applicable fees are charged only to PEX account balance and not to the card accounts making it easy to track the usage charges. The Cards are kept in an activated state for up to three years even if no amount is loaded and used. Hence you can keep the card idle till you have genuine need to use it.

The PEX Prepaid Visa Card can be activated with a minimum balance amount of  $ 49.95 and has a one set up fee of $49.95. There is no fee for account maintenance, card fulfillment or card overdraft facilities.  $25 is payable towards late fees but there is no transaction fees. However this Card can be activated only by US based verifiable businesses only.

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