PEX is today’s alternative to inflexible business credit,
debit and purchasing cards. It allows administrators and business owners
to fund and defund PEX Visa Prepaid
Cards instantly, set spending
limits, and set rules about
where their employees can or cannot
Transactions are processed
in real time, and because
there’s no attached
credit line, you never have to worry
about overdraft fees
or missed payments. Simply
set up your account, fund your cards, and enjoy the simplicity and savings
that PEX Card
brings your business.
Hear from a Customer
been a great addition to our business processes. It has allowed us to get rid of our antiquated and administratively burdensome petty cash system, and I sleep easier at night knowing that petty cash fraud is less likely due to the increased visibility into the transactions. Our employees love it because they don’t need to worry about holding (and possibly losing) petty cash, and there is no longer change to return.
-Financial Manager, Commercial Contractor Steel Industry
PEX is Right for Every Business
Not every business is equal, but expenses are one thing all businesses have in common. PEX can be easily adapted for businesses of
any size and budget. Our customers include residential maintenance and repair firms, commercial contractors, multi-unit franchisees, event production companies, on-demand services, manufacturers, as
well as local and national non-profit organizations. PEX
customers use their PEX
of expenses: travel, supplies, restaurants, advertising, or fuel. If your business
cannot issue company
credit cards, or is tired of waiting for employees to file expense
reports and cutting reimbursement checks, then PEX is the solution
Business owners can’t always predict what their cash-flow will be, how much their employees will spend, or what unexpected expenses may occur. PEX provides a better way for employees to make company purchases, with more controls
to ensure funds are spent correctly, and only when they’re necessary.
gives employees limited access to funds when managers do
not want or cannot risk issuing a
credit card to their employees.
Employees will no longer be asked to pay the
upfront cost of an item and await reimbursement. Instantly add funds to an account
when a purchase
PEX gives managers and employees more flexibility and options to
manage their business expenses.
How it Works
Opening a PEX account
is similar to applying
for a business checking
Enroll When you set up your PEX account, we ask for a few pieces of information for business verification purposes. No credit score is required.
Fund Once your enrollment is completed, you move money electronically from your business checking account to your PEX account. Schedule regular deposits or replenish your PEX account when funds are required.
Issue Order and issue cards to your employees, allocate funds, and set spending rules.
Control Add or subtract funds, change spending rules and daily limits, or suspend cards as needed—all from your desktop or mobile device.
Use PEX works just like a debit card, but your employee
never has to front cash or pay interest
on credit. You don’t have to worry about an employee
spending more than approved.
Review Save time by exporting transactions to Quickbooks, Xero, or
CSV files for efficient budgeting
The PEX Visa Prepaid
Card is issued
by The Bancorp
Bank pursuant to a license
from Visa U.S.A. Inc. and
may be used everywhere Visa debit cards
are accepted. The Bancorp Bank;
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