Kalixa® prepaid MasterCard® keeps SMEs in control of their cash
If you run a small or medium-sized company, it’s unlikely you’ll be providing company credit cards for your employees as the drawbacks often outweigh the benefits. Life would be a lot easier if staff had a card for their expenses, but personally guaranteeing those cards or lodging funds up-front is impractical and could cause problems down the line. The result is that employees normally end up paying out of their own pocket and claiming back their expenses at the end of the month; this is both time consuming and can prove difficult for the employee to manage.
With the Kalixa® prepaid MasterCard® and eAccount, employers can provide their staff with their own “plastic” and gain all the benefits of a MasterCard for under £17 a year* per card. Accepted at over 24 million locations worldwide, and with no transaction charges and no monthly account fees, Kalixa is ideal for all business purchases, including business entertaining and business travel. The card is pay-as-you-go, so employees can only spend what their employer loads, it’s also Chip and PIN-enabled to reduce fraud and customers can withdraw money from over 1.2 million ATMs worldwide.
Key benefits of the Kalixa prepaid MasterCard are:
- Quick and easy online registration
- Easy-to-use and accepted anywhere you see the MasterCard logo;
- Employees can use the card anywhere, whether it’s for business entertaining, using ATMs, shopping for office equipment, business travel or paying suppliers;
- The maximum limit of £9,000 ensures cardholders are not restricted with their spending capability. This is essential for some business travelers.
- Business travelers can purchase currency abroad securely and at a great exchange rate;
- No credit checks are performed, there are no transaction fees and no monthly account charges
- There are a wide range of supported load methods, with load fees from 99p
- You and your employer can stay in complete control of your cash and cannot overspend
Employees can apply online for a Kalixa Card and eAccount in their name. Kalixa will confirm their identity, but will not perform a credit check because Kalixa is a prepaid MasterCard and doesn’t extend customers a line of credit. The employer can then load the appropriate funds into their employee’s Kalixa eAccount by a range of load methods, including electronic bank transfer at a cost of just 99p.
Alpesh Patel, CEO at Vincento Payment Solutions, said: “For business use we would recommend loading by electronic bank transfer: it’s quick and convenient and can easily be done via internet banking. Your employee can then activate their Kalixa Card online and it’s instantly ready to use anywhere that accepts MasterCard. On an ongoing basis you can fund your employee’s Kalixa Card to a predetermined monthly amount, or you can simply load funds as they are needed. This really takes the hassle out of business expenses and ensures that your employees do not need to fund their business affairs from their own pocket or worry about when they will get reimbursed. ”
Patel continues: “Most importantly, by using the Kalixa Card for business expenditure, your employee can efficiently complete their expenses form as everything is listed together, with dates, on a downloadable statement. In which case every transaction is recorded and there should be no room for errors.”
*Based upon £4.95 registration fee &12 x loads via electronic transfer of £0.99 each.
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For further information about Kalixa and the range of products available visit www.kalixa.com
Notes to editors:
- Kalixa is issued by Vincento Payment Solutions Ltd an e-money institution authorised and regulated by the FSA.
- All Kalixa cardholder funds are held in a client-designated account with Barclays Bank Plc.
- As required by the FSA, Vincento guarantees its financial liabilities relating to outstanding e-money.
- Cardholder funds are backed at all times by low-risk liquid assets to 102% of the outstanding e-money value.
- Kalixa.com is secured by Verisign, the trusted provider of internet infrastructure services for the networked world.
- Vincento, the issuers of Kalixa are the only pan-European prepaid MasterCard card issuers.
- Kalixa is always happy to consider reader offers and competitions. If you would like to discuss offering either of these to your readers please contact Holly Tyzack 020 7392 2632