Seriously, go crazy with it. Set available cash, daily or monthly spending limits, and limit spend with individual merchant categories. Giving your sales team a $75/day food per diem while on business trips? No problem. Want to give your contractor $500 at Home Depot? No problem.
Imagine a card with your expense policy baked in…that’s ClearSpend. Now when your delivery driver accidentally sets his business gas card as the default for 1-click purchases on Amazon, it won’t go through. Your spend limits and restrictions go directly onto ClearSpend cards—which can be instantly created as virtual cards or physical cards that are mailed in 5 to 10 days.
*If fraud does occur, you’ve got the Visa network on your side—and the fraud protection and prompt refunds for fraudulent transactions it provides.
Now you can make it impossible to go over budget, unless you want to. You can quickly and easily create a budget, fund it, then allocate the funds to your employees via their ClearSpend cards. Then, watch it get spent from the ClearSpend dashboard in real time—and not a penny more than what you’ve funded in your account or set up on your cards.