Growing your business will inevitably mean also growing your staff numbers.

And if you've made the choice to expand abroad, you'll soon have employees travelling the globe on your behalf, which means managing their travel costs and expenses could become a full time job.

The card market offers numerous possibilities to equip your staff with a payment method, but finding the most cost effective and efficient way of managing payments needn't be daunting.

How existing methods end up costing you...

  • Credit cards / corporate charge cards - often charge usage and issuance fees, also poor exchange rates and transactions fees for payments abroad. And then there's the interest charges at the end of the month... No cash available for miscellaneous payments such as taxis, etc.
  • Debit cards - many debit cards offer equally poor exchange rates and high transaction fees. If you're relying on staff to use their personal cards, then they have the inconvenience of supplying funds up front
  • Cash advances - cumbersome to administer and track; not secure.

Savvy business owners & managers will look to the latest financial technology for scalable solutions that'll support and grow with them. Considering a prepaid corporate card could help significantly reduce the cost of employee spending on business travel and expenses.

Why Prepaid?

The FairFX corporate prepaid card offers a low cost option that is Chip & PIN secure to protect your funds and it comes with an integrated user-friendly online interface.

  • Cost Saving - Significant reduction in T&E spend
  • Better FX rates - Highly competitive exchange rates
  • Control - Increased control over balances and transparency of spending
  • Real time top-ups
  • MasterCard® cards - Secure Chip and PIN MasterCard® cards accepted in over 220 countries worldwide
  • Support - Dedicated support and account management
  • FX Expertise - Currency buying support
  • Cloud-based platform- Integration to manage card balances and loads online

Saving through the prepaid mentality

Companies that have signed up to prepaid are noticing additional benefits through the "prepaid mentality". This sees staff members think twice about buying miscellaneous bits & pieces on their expenses as there's an actual limit to their available funds. If all staff members reconsider that cappuccino or newspaper then your incremental savings quickly add up!

Prepaid corporate cards offer a combination of highly competitive foreign currency conversion, low set-up and card issuance cost and the control provided from the usage of prepaid cards rather than cash advances or charge cards.

Many now also use the cards for both domestic and international business travel and related expenses as it provides increased control and reporting capabilities. Users are even using them as a purchasing card and payroll tool.

Leading companies and SME's in these industries have turned to prepaid to manage their staff travel & expenses (T&E):

  • Media (incl. print, production companies & design agencies, etc.)
  • Leisure & Travel
  • Non-profit (i.e. charities & associations)
  • IT / Digital Product & Services
  • Retail
  • Marketing & Events
  • Manufacturing & Construction
  • Financial services
  • Transport & Shipping (incl. yachting)
  • Legal services

Find out more - www.fairfx.net/fairfx_platform

0207 778 9350

FairFX also offers a dedicated foreign currency dealing and international money transfer service to both business and private clients.

Benefit from the support of a dedicated dealer that will ensure you get a "fair" deal and support you with flexible and personal dealing options at zero cost.

www.fairfx.com/dealingdesk

0207 778 9350