Business credit card

What is the best option for business expense card?

Vivian Cromwell

April 27th, 2015

I am currently looking into a solution which will allow me to issue credit card/debt card to a set of workers for my startup, so they can purchase items on users' behalf. 

I did a bit research how instacart or postmates work, it seems they issue a prepaid visa cards to their courier.  http://www.quora.com/How-do-Instacart-and-Postmates-shoppers-pay-for-items-ordered-by-the-customers

Have anyone done this kind of thing before?  Would love to hear how you handled it and share your experience.

thanks!

Scot Gensler Strategic Operations & Business Development Executive

April 27th, 2015

Check out bentoforbusiness.com -- they have a MasterCard combined with a very cool online service that enables you to set very explicit permissions for what each employee is allowed to spend (i.e. the amount by day/week/month, categories they're allowed to spend (e.g. hardware stores vs. gas stations vs. groceries, etc.). You also see a pretty cool rollup of spending as it happens, and can change permissions in real-time. 

Jen Kokko District Manager at Insperity

April 27th, 2015

The company I work for owns Expensable which has a few different options.  You can pre-load the card with a certain amount (possibly refilled monthly) then whatever they do not use goes back to you, and it also allows you to restrict where they spend the money and know exactly where they spent it.

You can also get credit cards, etc. There are a lot of options out there, let me know if you want to talk offline.