Prepaid credit cards have been used for personal finances for a while, but now they are being used for business expenses too.
Industry expert Donald Greg has revealed that more and more companies are deciding to use the payment technique to replace traditional company credit cards.
There are many advantages for firms who decide to use prepaid cards, such as being able to plan budgets with confidence that they won’t be exceeded, which can certainly help businesses in a fragile economy.
On top of that, they also prevent employees from taking advantage of expenses on business trips, as they work like a pay as you go phone – once the credit has been spent, there is no more.
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