With finway company cards, you can conveniently equip all employees with virtual and physical cards.
With finway, you can provide physical and virtual debit cards to individual team members, entire teams or departments. With just a few clicks, you can create company cards for your employees, apply for physical cards with your company logo and quickly and easily load the required budget into your finway Wallet.
Stop chasing missing receipts and get more time for the important things. All transactions are automatically assigned to the correct card and can be quickly and easily allocated to the appropriate receipt and pre-assigned for accounting.
With finway business cards from Mastercard®, you’re ready to go anywhere in the world. Mastercard® has over 22 million points of acceptance worldwide, plus you can use your physical card to withdraw cash from any ATM. If you prefer to keep your wallet light and make mobile payments, we deliver the solution here too: our cards, both virtual and physical, also work with Google Pay. Maximum flexibility for you & your employees, whether in normal everyday office life or on business trips.
You can set an individual limit for each company card and thus always have control and transparency over all expenses, budgets and employees.
You manage all company cards in finway and see all current and pending transactions at a glance in real time. This way, you manage all corporate expenses transparently in one single tool.
Link your subscriptions to recurring payments with a virtual card and fixed monthly budget and get even more overview of ongoing subscriptions and the associated expenses.
Employees can directly request a virtual card for one-time use with new purchase requests. This is created after approval for this request and deleted again after the transaction. Alternatively, existing cards can also be selected directly.
How much credit is left on my finway card? You can view this and other information in the finway app (Android & iOS) and close, pause or block your cards there. Thanks to filters and a search function in the card area, you won’t lose the overview while you’re on the move.
“We use the new card function very often. We can control expenses better and easily pay online with card. We always keep control of budgets centrally and can regulate easily. Employees then simply upload the invoices and we can pass it on quickly and directly to the tax advisor.”
Employees are actively involved in the purchasing process and are given additional flexibility for online and offline purchases. After each payment, they receive an automatic reminder to upload the corresponding receipt to finway. This means that no more receipts are lost and there is no need to ask for the card of colleagues or superiors every time a payment is made.
Department heads always have an overview of all their team’s expenses, subscriptions with recurring payments and budgets in real time. With the intuitive request and approval workflows, they save valuable time and can approve virtual cards directly with the purchase requests. Limits and possible restrictions can be set individually per employee:in and card.
Thanks to finway, the finance department no longer has to chase missing receipts, checks expenses quickly and easily directly in finway and can thus prepare the accounting efficiently. Thanks to the increased transparency, it detects potential problems, missing invoices or errors at an early stage. All debit cards are conveniently managed in one place.
Virtual debit cards work in the same way as traditional physical debit cards except that only online purchases can be made with them. Virtual debit cards also give you a PIN. You can create virtual debit cards directly in finway for one-time use, recurring payments or for longer-term use.
With the virtual debit cards, you can quickly and easily provide all employees with cards. This gives you maximum flexibility and always control over all spending, limits and other restrictions. At the same time, your employees no longer need to initiate strenuous reimbursement processes, as they can pay for purchases directly with their own virtual cards.
Company debit cards can be seamlessly integrated into your expense management in a holistic software like finway. You apply for physical cards and create virtual cards directly in your finway account. From applying for purchases, to matching receipts and transactions, to expense reporting, use finway debit cards flexibly for your expenses and customise them to your business processes.
In finway, in addition to debit cards, you can also connect your bank account and pay open amounts quickly and easily directly without leaving finway.
What are finway company cards?
finway company cards are Mastercard® Business Debit Cards issued by Paynetics AD pursuant to a license from Mastercard®. You can issue them for your employees so that they can make online and offline purchases without having to make private payments in advance.
What are the benefits of finway cards?
What is the difference between a debit card and a credit card?
While credit cards grant a credit or drawing limit, with debit cards a deposited business account is debited directly for every purchase or within a few days. For each transaction with a physical or virtual finway card, the corresponding amount is debited from your finway Wallet. Debit cards have many decisive advantages in companies compared to the classic company credit card. But the most important one is that you retain full control over all cards and can track every expense at any time. Card limits and the one-time use of a card also significantly reduce the risk of card misuse or theft of card data.
Why should you get company cards for your employees?
Company debit cards give your employees the flexibility they need for their everyday work, whether on business trips, when purchasing office supplies or booking a new marketing tool. The annoying query of card data from colleagues or superiors before a purchase or tedious applications for expense reimbursements are definitely a thing of the past. At the same time, you show your employees appreciation and trust and actively involve them in your processes.
As a finance department, you no longer have to chase receipts, can flexibly set limits and restrictions for the cards and always have control and an overview of all cards and transactions.
What are virtual debit cards suitable for?
Virtual debit cards allow you to shop online safely and conveniently. Virtual cards are particularly suitable for one-time use, as you can create them in a tool like finway directly when creating a purchase application and the card automatically deletes itself after the purchase. In addition, you can link virtual debit cards to a subscription. All recurring payments for the linked subscription come off the specially created company card. This gives you a better overall overview of all your ongoing subscriptions.
If employees or teams regularly make various payments online, create a virtual company card for this that can be used over a longer period of time.
How do I apply for the cards?
Before applying for your first card, you will go through a KYB (Know your Business) process to verify your identity. The identity check is carried out in cooperation with Sumsub. You can then apply for cards directly in finway. Virtual cards can be used immediately for online purchases. Physical cards will arrive within 6 working days after application.
How does the finway wallet work?
After the identification process has been successfully completed, a wallet is automatically assigned to your finway account. You can choose between EUR, GBP and USD as base currencies for the wallet and thus also for your corporate cards. You can then conveniently top up the Wallet by bank transfer or standing order to use your cards. Each time you charge your cards, the corresponding transaction amount will then be debited from your Wallet. All the cards you apply for (physical and virtual) access the central Wallet. Funds are protected by a process called “Safe Guarding” details of this process can be found here. Neither finway nor other third parties have access to the Wallet and the account behind it.
Who issues the finway company cards?
The finway cards are Debit Mastercard® Business Cards. You can also find more information on this at Mastercard.
Where can the finway cards be used?
Business Debit Mastercards can be used at over 30 million merchants, petrol stations, restaurants and hotels worldwide. With the physical and virtual cards, you can make purchases conveniently and securely both online and on-site.
Do the cards cost extra?
There are no additional costs for virtual debit cards. For physical cards you pay €3 per card per month. You can find more information about our prices here.
Our experts will guide you through the tool in approx. 30 minutes without obligation and will work out potentials for your company together with you.
