Businesses today rely on various apps and platforms to simplify workflows, boost productivity and enhance efficiency. But with the convenience comes complexity - managing subscription payments can be a real hassle. Luckily, prepaid cards offer a convenient, secure and efficient solution for handling those recurring payments - here's how:
Budget Control: Finance teams can load specific amounts onto the cards, effectively setting a budget for recurring subscriptions. This prevents overspending and eliminates the risk of unexpected charges.
No More Oversights: Each subscription payment is directly linked to the card, mitigating the possibility of overlooked or forgotten subscriptions. This ensures that businesses only pay for the services they actually need.
Enhanced Security: Prepaid cards offer an added layer of security compared to credit cards. Since they are not linked to a bank account, there is limited exposure in the event of unauthorised transactions or data breaches.
Efficient Management: Managing recurring subscriptions is straightforward, as businesses can easily track expenses, monitor usage and make adjustments as needed via an online platform or mobile app.
Debt Prevention: Unlike credit cards, prepaid cards do not allow users to spend beyond the loaded amount, ensuring departments stay within set budgets and avoid surplus subscriptions.
See how easy a prepaid expense management system is to use in our 3-minute video. Alternatively, book a personalised demonstration with our expert team today.
Caxton Payments is an alternative to traditional banks, established over 20 years, we help businesses make faster payments more reliably. We offer streamlined processes, automation through API and a collaborative solution to complex payment issues all from a single platform. Our payment capability extends from business expense management, to payroll payments, supplier payments, and currency risk management. We also offer personal prepaid travel cards and international money transfer.