How it works

Manage, control and spend.

The PayFEX Prepaid Mastercard® is a corporate payment solution that allows organisations to use prepaid cards for company expenditure and payroll – and it works as an incentive card.

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Manage

Once your account is opened we’ll give you access to our responsive online portal. It can be used on any device, and will allow you to manage your prepaid cards and allocate funds to individual cardholders.
User portals
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Our corporate admin portal allows you to:

  • Manage multiple cards from one account
  • Allocate funds
  • Issue physical and virtual cards
  • Monitor spend (real-time balances and transaction history)
  • Load and unload funds on expense cards
  • Allocate accounting categories and locations
  • Verify cardholders via our secure system
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Our cardholder portal allows each cardholder to track expenses and view transactional data their current balance.

Cardholders can also upload receipts for each transaction made on their corporate card.

Cards
All our prepaid corporate cards are chip-and-PIN-enabled and branded with the Mastercard logo. We can provide both physical and virtual cards. We can send cards to you to distribute to your cardholders, or send them directly to your cardholder’s location.
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Branding
Add your branding to the front of cards and cardholder portals to increase company visibility*.
*Subject to minimum card orders and setup fees.
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Benefits

  • No setup fee* (*a setup fee will only apply if you opt for a co-branded card)
  • Fixed FX fee across all currencies supported by Mastercard – an ideal travel solution
  • No charge for point-of-sale transactions
  • No annual card fee
  • Fixed £1.60 ATM fee* (*cards with higher limits will be subject to a 1% fee of the transactional value)
  • Flexible, simple and convenient product to fully meet your business needs
  • When you open a PayFEX account we will also give you access to our online global payments platform, AFEXDirect, to manage your global payments.