12 Top Virtual Card Providers for Business Spending [2023]

The use of virtual cards is increasing in the business world, and this trend is anticipated to last for the foreseeable future. Thanks to virtual cards, businesses may make payments quickly and safely without using real cards or cash. With the increased use of virtual business cards, it becomes pretty hard to guess which vendor will prove to be the best option for you.

This article will look at the prominent virtual card providers for business spending, but before we begin, let’s better understand what virtual cards are and why they can be a better alternative to physical cards in business scenarios.

What are Virtual Cards?

Virtual cards are payment cards that can be used to make online or contactless transactions. It is usually a one-time or limited-use card linked to a company’s existing payment processing system. These cards can be used to make purchases on websites, apps, and contactless payment methods such as Apple Pay.

Virtual cards also give businesses more control over how and where their money is spent. They allow payments without exposing the company’s primary card information or account numbers. Additionally, businesses can customize spending limits and expiration dates for each virtual card, giving them greater financial flexibility.

Why are Virtual Cards preferred over Physical Cards?

Virtual cards have several advantages over physical cards for online transactions and vendor payments. The primary benefit is the added security they provide. Because virtual cards are not linked to any specific bank account or credit card, they offer an extra layer of protection against fraud.

They also provide more control over your spending limits and time frames for each purchase, making your expenses more manageable.

Furthermore, virtual cards are faster and more convenient than physical cards because they can be used immediately and instantly after signing up for them and do not require the user to wait for a physical card to arrive. These are generally less expensive than traditional physical cards because they do not require additional activation or monthly maintenance fees.

Let’s look at some of the top virtual card providers for business expenses.

Wallester

Wallester introduces cutting-edge payment technology, making it simple to pay and be paid. It allows you to quickly, securely, and conveniently create virtual cards.

Wallester is powered by a robust technology that enables users to create and manage virtual cards, view transaction history, and access the most up-to-date features. It is also dedicated to providing a secure and dependable payment service that makes it easier for businesses and individuals to conduct online transactions.

Intergiro

Businesses can use Intergiro to make payments with virtual cards that are accepted globally. Individuals and companies can use the service, which includes the ability to make payments in multiple currencies, secure encryption and fraud protection, and access to real-time transaction data.

Intergiro accepts various payment methods, including Visa, MasterCard, and American Express.

Additionally, businesses can use this virtual card to pay for goods and services from any merchant that accepts Visa, MasterCard, or American Express.

Airbase

Airbase is a SOC 2 Type II and SOC 1 Type II compliant company, meaning that all transactions conducted through the service are secure and meet the highest industry standards.

Along with virtual cards, it provides analytics and reporting on spending and employee purchasing trends, helping businesses to make informed decisions and better manage their finances.

Airbase also offers a range of features to streamline the payment process, including automated payment scheduling and integration with accounting and expense management systems.

PST.net

PST.net is a well-known virtual card provider that offers various payment options, including one-time-use virtual cards, recurring payments, loyalty rewards, and more. In addition, the company presents a variety of tools to help businesses manage their payments and customers.

Customers can use their virtual cards to make purchases at participating retailers and pay bills online. This platform makes it an excellent choice for customers who want to protect their payment information online.

Pleo

Choose Pleo virtual cards to connect to the company’s corporate account and pay for expenses directly. They enable organizations to manage expenses in a better way, cut administrative costs, and guarantee adherence to company guidelines.

Giving employees a convenient option to pay for work-related expenses also helps firms manage their cash flow more effectively. Pleo enables real-time tracking of spending and payments and is coupled with many accounting software programs.

Mesh

Mesh virtual business card offering enables businesses to manage their corporate spending quickly and securely. It offers an all-in-one corporate card, expense management, and accounting platform to help businesses manage and track spending.

Mesh provides businesses with secure payment solutions, data storage, and real-time analytics to help them make better financial decisions. It also offers various features to help companies manage expenses, including automated expense tracking, virtual cards, and spending limits.

Stampli

Stampli assists companies in streamlining their accounts payable process. It provides a modern, secure, automated method of electronically paying suppliers and vendors, eliminating paper checks and manual processes.

Stampli provides many features, including real-time tracking and reconciliation, cost savings, and fraud prevention. Its virtual cards also give you more visibility and control over your spending. Businesses can use Stampli to pay suppliers, vendors, and contractors quickly and securely with the click of a button.

Tribal

E-businesses can purchase prepaid virtual cards from Tribal. These cards function similarly to traditional debit and credit cards but are not linked to any bank account or credit line.

They are connected to a user’s account, which is funded with a certain amount of money. The owner decides how much money can be stored in a virtual card. The virtual card can then be used for online purchases like a traditional debit or credit card. This enables you to shop online without the need for a bank account.

Karta

Karta is dedicated to providing users with a safe and dependable virtual card platform that enables them to manage their finances confidently. Users can securely store and manage their credit and debit cards in a single digital wallet with Karta.

This platform lets users quickly and securely make payments, shop online, and access their accounts from any device. It also offers users extra features like automated budgeting, fraud protection, and rewards.

Extend

Extend allows you to create virtual cards that can be used to make online payments. These cards are linked to your existing bank account and can be loaded with funds in any amount.

These virtual cards are disposable, meaning you can generate a new card for each purchase. Extend provides users with a safe and convenient way to make online payments. This helps to ensure that merchants do not have access to any personal or financial information. Extend also offers fraud protection, real-time monitoring, and data encryption to ensure the security of its users’ information.

Airwallex

More than 200 nations accept Airwallex virtual cards, which are issued in collaboration with major card networks and financial institutions.

Setting spending restrictions, adding and removing funds, and viewing transaction histories are just a few of the capabilities that Airwallex virtual cards offer. Data security, fraud prevention, and customer service are other services provided by Airwallex.

Emburse

Emburse’s ecosystem lets businesses track their online payments remotely from anywhere worldwide and automate the tagging of their purchases and outlays. Together with accessing their real-time spending data and insights, businesses can also rapidly manage their financing requests and approval.

Emburse allows you to set spending limits and associate a single card with a particular merchant, just like most well-known virtual payment card issuers. This is all made possible by its sophisticated fraud protection system, which prevents account theft.

The best part is that businesses with 100 or fewer employees can use Emburse’s services for free. They also offer customized plans for large businesses.

Conclusion

The future of virtual card providers for business spending is bright. With the rise of digital payments and the growing demand for more secure payment solutions, virtual cards have emerged as an appealing option for businesses of all sizes. These are not only convenient but also highly safe and dependable. Simply put, opting for a virtual card for your business can prove to be an invaluable asset.