What is a corporate card? How company cards for staff work
By SendPay Business · · 2 min read
A corporate card is a payment card a company gives to its staff to pay for work costs such as travel, software and supplies. The company, not the employee, is responsible for what is spent.
Corporate vs business credit cards
Business credit cards are usually aimed at small firms and often need a director's personal guarantee. Corporate cards are typically for larger companies, where the firm itself is liable. Many newer providers offer prepaid or debit company cards instead, which spend only money already in the account.
Spending controls
- Set a limit for each card, per day, per month or per purchase.
- Block categories that are not needed, such as gambling or cash.
- Ask staff to add a receipt photo after each payment.
- Freeze or cancel a card instantly if it is lost or someone leaves.
Virtual cards
Virtual cards exist only as card details in an app, so they can be created in seconds, used for a single supplier or subscription, and cancelled without affecting other cards.
Where SendPay fits
SendPay platforms can issue branded Visa cards to your customers, from £0.20 per virtual card and £4 per physical card before shipping, powered by licensed partners. SendPay tells you in writing which licences apply to your platform before you pay.
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This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.