Tailored Prepaid Card Solutions, Specific to Your Business
Our prepaid cards are used just like credit cards for making payments wherever Mastercard or Visa payments are accepted around the world. The big difference is that, as the name suggests, prepaid cards are loaded with cash before they are used and payments come out of that balance, whereas credit cards are paid off after they are used, and accrue interest on outstanding balances.
This gives businesses several advantages.
First, they have complete control over the account – it?’s impossible to overspend, as an empty card will simply be declined.
Second, as there’s no debt, there’s no interest. It’s the business’s money that’s being spent.
Third, it’s a secure way of allowing employees to manage expenses when they’re travelling. If the card is lost or stolen, it can simply be cancelled.
And fourth, it can be used to manage petty cash. Rather than have the traditional tin with money in it, why not just have a card to go and get your coffee and printer inks? It’s simpler, more secure and less vulnerable to theft.
Prepaid cards are just one of the many payment solutions Fido Merchant Services provides. Many businesses will mix credit, debit and prepaid cards in their daily expenditure, depending on who is authorised to use each type. We can supply all types, helping you to keep all your business expenditure under one umbrella.
Why invest in a prepaid card offering?
Prepaid cards aren’t just for managing employee expenses. Because they’re secure but disposable, many smaller businesses use them as gift cards. Fido Merchant Services can supply your business with branded prepaid cards, so users will be made aware of your company every time they use it. And while many customers will choose to spend the cash with your business, they can spend it wherever they can use Mastercard or Visa. It makes for fantastic brand awareness.
Prepaid cards have also found popularity among people who are unsure about giving their bank or credit card details out online. They keep a small balance on the card, and after they’ve spent it, they simply top it up. They are then limited to that amount should they become the victim of fraud, and they don’t have to give out sensitive details.
Discover Custom Online Payment Solutions with FIDO
The great thing about partnering your business with Fido Merchant Services is that we offer flexible, scalable payment solutions that you can either take off the shelf or have designed around your business’s needs.
You might want prepaid cards for your sales team who are constantly moving around the country or the world, but traditional credit cards for your managers or for office staff to keep the business supplied. We can tailor a solution around your specific needs, and of course, it will all come with complete PCI DSS compliance, so you have 100% peace of mind.
Whatever blend of payment solutions you’re looking for, get in touch with us today to discuss your needs – we’re bound to have the perfect solution that’s cost-effective and safe.
Pre-paid Card Programs
Similarly, Fido Merchant Services assist companies to establish branded pre-paid debit or credit card programmes which can be used by staff or approved associates. Users benefit from no credit checks, fees or interest, plus the flexibility afforded by traditional cards.