Prepaid Card is an optional benefit as an alternative to the Expense Reimbursement Process timeline, this solution allows the client to top up the card with a set amount of funds while maintaining full control over where the employee can spend it.
Here are more details on the Prepaid Cards:
The prepaid cards can be either virtual (accessible via a phone app) or physical (shipped directly to the employee, with an additional shipping cost).
They are powered by Mastercard and can be issued in EUR, USD, or GBP.
Employees will have access to the Soldo app, where they can track their expenses.
They are required to submit a monthly expense report to the client.
These are not credit cards, so the client must top up the card in advance for the employee to use it.
GoGlobal typically recommends estimating an average monthly spend and funding the card with two to three times that amount to ensure sufficient balance while minimizing administrative work.
The initial setup fee is €150 per cardholder, with a monthly service fee of €50.
Additionally, there is a €150 cancellation fee per cardholder to terminate the service.
Source: hyperlink