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Best Prepaid Credit Card For Small Businesses

Money Matters Editor By Money Matters Editor 8 Min Read
best prepaid credit card for small business

As a blogger, making money online is not as easy as some people may think. Unfortunately, this also applies to young entrepreneurs and small business owners.

In fact, it’s even sometimes really difficult for small businesses and young entrepreneurs to make money nowadays.

However, it’s not just about making money; it’s also about managing one’s finance, which is really hard to do sometimes.

SEE ALSO: How To Easily Manage Your Credit Cards Finance

This is why one has to be more creatively frugal and a little bit flexible with money nowadays. This is where prepaid credit cards could really be the help you need to be able to manage your spending.

What’s a prepaid credit card?

So what is a prepaid credit card and why do I think you need to get it? A prepaid credit card is a kind of financial arrangement that allows you to only spend the money you have. The best thing about this pay-as-you-go credit card is the flexibility it offers.

This is the kind of money management facility that lets you prioritize your spending. With this kind of card, you don’t need to worry too much about being in debt.

Unlike the traditional credit card where you are expected to pay back with the interest, the prepaid card means you are spending your own money.

Also, your prepaid credit card can be used in a lot of places just like the normal credit or debit cards issued by your banks.

 

This is the card you should get if you don’t want to get into debt, and you truly want to easily manage your finance.

SEE ALSO: Best Ways To Manage Your Credit Cards Finance

In most cases, some card providers will charge you a small administration fee while others charge for the transaction and withdrawal fee each time you use the ATM. However, there is always an option for you.

Just make sure you check and read the terms and conditions before signing up. Below are some of the best-prepaid card providers for small businesses and young entrepreneurs in the UK:

#1]. Pockit Prepaid Credit Card

Pockit is not a traditional bank account.
Pockit is not a traditional bank account. Sign up in 2 minutes and get an instant account number and sort code. Applicants must be UK residents aged 18 or over. Subject to successful identity and residency verification. T&Cs apply.
More InfoSign up
Pockit is a popular prepaid MasterCard provider, it’s not a bank. It offers contactless cards, no credit checks, and monthly or yearly fees. Check out why you should get Pockit prepaid credit card now.
  • Up to 3 additional cardholders
  • £0.99 one-off payment
  • ATM withdrawals cost £0.99
  • Paypoint topup costs £0.99
  • You can pay for a card by SMS
  • Your card arrives in 1-3 days
  • Up to 10% cashback
 

#2]. Cashplus Prepaid Credit Card

Cashplus prepaid card offers an easy way to budget and are a great alternative to a bank account
Cashplus prepaid card offers an easy way to budget and are a great alternative to a bank account. Sign up in 2 minutes and get almost instant approval. Applicants must be UK residents aged 18 or over. Subject to successful identity and residency verification. T&Cs apply.
More InfoSign up
The Cashplus prepaid card is a safe way to shop online, wherever you see the Mastercard Acceptance Mark. It offers free Purchase Protection and could help improve your credit rating at no extra cost.
  • Up to £250 overdraft facility
  • £5.95 admin fee, then £9.95 a month
  • Free UK transaction & ATM withdrawals
  • Get almost instant approval, no credit check
  • Free loading charge from debit card & Post Office
 

#3]. iCount Prepaid Credit Card

iCount.co.uk offers easy-to-manage prepaid credit card you can use anywhere
iCount.co.uk offers easy-to-manage prepaid credit card you can use anywhere. Sign up and get an instant account number and sort code. Subject to successful identity and residency verification. T&Cs apply.
More InfoSign up
iCount is a financial organisation that offers prepaid Mastercard® you can use to shop anywhere. The company also offers a business account as a low-cost alternative, with a one-off payment of just £69 a year.
  • Free UK transaction & £0.50 ATM withdrawals
  • £4.95 admin charge, then £9.95 monthly
  • Get almost instant approval, no credit check
  • Up to 3 additional cardholders
  • Free Post Office loading charge, £3.00 Epay
  • Improve your credit score with CreditBuilder™
  • Account Number and Sort Code to accept payment
 

#4]. Virgin Money Prepaid Credit Card

Anyone can apply for a Virgin Money Prepaid MasterCard
Anyone can apply for a Virgin Money Prepaid MasterCard, you don’t need a bank account or a perfect credit rating. All you need is to be a UK resident. Please note that it costs £9.95 to buy and both tariffs are subject to fees and conditions.
More InfoSign up
The Virgin Money Prepaid MasterCard is ideal if you don’t want a credit card, or can’t get one because you don’t have a bank account or your credit rating isn’t strong enough.
  • Sign up for an award-winning prepaid card
  • Choose ‘Pay as you go’ or ‘Pay monthly’ (£4.75 per month)
  • Safer than cash, acceptable anywhere there’s MasterCard sign
  • Great discounts at Virgin companies
  • Your MasterCard® will arrive in 1-3 days
  • Up to 10% cashback with top UK retailers
 

#5]. Soldo Prepaid Credit Card

You can give Soldo Business Mastercard® cards to your employees, contractors and departments.
You can give Soldo Business Mastercard® cards to your employees, contractors, and departments. Applicants must be UK residents aged 18 or over. Subject to successful identity and residency verification. T&Cs apply.
More InfoSign up
Soldo offers multi-user spending account for businesses and families. Businesses can get these intelligent company debit cards for staff and departments that offer easy controls, and effortless expense reports.
  • No admin fees for 3 months, then £2 a month
  • Free UK transaction & £0.50 ATM withdrawals
  • Free bank transfer loading, £1 charge from debit card

 

5 AFFORDABLE Prepaid Credit Card For Small Businesses And Young Entrepreneurs
PIN IT: 5 AFFORDABLE Prepaid Credit Card For Small Businesses And Young Entrepreneurs
 
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