What is a prepaid expense card?
A prepaid business card lets employees spend company money without using their personal funds.
Assign physical or virtual cards to employees, teams or projects with pre-approved budgets for things like travel, client entertainment or subscriptions.
How do prepaid expense cards work?
Soldo company cards can be plastic or virtual cards and used online or in store. Soldo cards can also be added to Apple Pay and Google Pay for even more convenience.
You can even create temporary virtual cards for employees who don’t need regular access to company money. These are only valid for a set number of purchases over a limited period.
Can I put business expenses on my personal card?
Check your company’s expense policy first. Some companies allow personal card use, but make sure you’re following the policy – incorrect claims can lead to reimbursement denials.
Whether you’re using your card or an expense solution, be sure that you’re allowed to spend on specific items. Soldo takes care of this for you, allowing you to set spending limits and get real-time insights to wipe out the end-of-month hassle.
How do you monitor monthly expenses?
Use an expense management platform like Soldo to track and monitor spending in real time. Set rules, review purchases and have full visibility over who is spending, what they’re buying, and the bottom-line figures. It’s easier, faster and less error-prone than spreadsheets or other systems.
What businesses need prepaid expenses cards?
If your team travels for business, Soldo’s prepaid expense cards can help – whether you’re a small team or a large company.
Soldo makes it easy for employees to spend on the go while giving you real-time control over expenses. Your finance team can track spending instantly and executives get clear insights into company spend, helping you stay on budget without the paperwork.
What can I use prepaid expense cards for?
Soldo’s prepaid expense cards are ideal for managing all kinds of business-related spending. You can use them for:
- Travel expenses: Flights, taxis, car hire, trains, buses and mileage.
- Accommodation: Hotel bookings and other lodging costs.
- Meals: Employee meals and client entertaining (e.g. meals, tickets, gifts).
- Other: Parking, tolls, mobile data, Wi-Fi, and other incidental costs.
With Soldo, you can track and categorise every expense in real time, giving you complete visibility and control over company spending. You can also set spending limits and define which expenses are eligible based on your business policies
How much do prepaid cards for business expenses cost?
Soldo offers three flexible plans, designed to meet the needs of businesses of all sizes:
- Standard: Track business expenses in real time with up to 20 prepaid physical or virtual cards.
- Plus: Get more cards and advanced features like multi-currency support, bulk reimbursements and enhanced receipt capture.
- Enterprise: Unlimited users and cards, full policy integration and personalised account management.
Not sure which plan fits your business? Learn more about our plans and pricing or request a call back to get expert guidance.
Is Soldo’s prepaid expense card platform secure?
Securing company funds and data is a top priority. With Soldo, you can rest easy knowing your business is protected.
- Fully regulated: Soldo is authorised and regulated by the Financial Conduct Authority (FCA). Your funds are kept in a separate, ring-fenced account in line with the UK Electronic Money Regulations 2011.
- High security standards: We comply with international standards for payment card data, information security and cybersecurity.
- Built-in protection: Features like 3D Secure, multi-factor authentication for online transactions, and spend filters ensure your funds are safe.
See more about our security measures here.
Is customer support available?
Need help? The Soldo Support Centre has answers to common questions about travel expenses and more.
For extra assistance, you can reach us via form, email or live chat Monday to Sunday (9am–6pm BST, excluding bank holidays). Enterprise customers also get support with business travel expenses through a dedicated account manager.