We are now ready to offer a unique product: a corporate account with a payment service provider that can issue unlimited number of cards for your company. Cards can be reloaded with one simple click, transfers are free and there is no need to carry out a KYC for each card holder.
Seems incredible? This opportunity is offered by UK payment service provider. Let’s take a closer look at these cards.
These cards are not anonymous, but they offer corporate clients the opportunity to save money and increase control over cash flow.
Who needs a MasterCard corporate card? Which companies might find this opportunity interesting?- Companies that wish to pay salaries to employees to their cards directly
- Companies that wish to control travel and transportation costs
- Companies that need to reduce costs when paying out commissions to their employees
- Companies that need up to 14 currencies on one card
- Those who wish to reload the card directly from the company’s account
- Those who wish to issue the required number of cards on their own
- Those who wish to clearly see the picture of where, when and how company’s money is spent.
This service is available for companies based in European Union with an office in Europe. At the same time, if the beneficiary of the company is not a citizen or resident of EU, corporate account can still be opened. Same documentation is required as for any other account.
Cards are loaded from a corporate account directly. Account cannot be credited through payment service providers or by third parties. The maximum commission is 0.5%. Higher amounts result in lower commission. When transferring funds from corporate account to a card – no fee is charged.
The company gets access to a single profile for management. You can create accesses at various levels, download real-time statistics and transaction history. The company is allocated its own manager.
The main advantages of MasterCard Corporate Card- Up to 14 currencies on one card
- Card balance up to 100,000 GBP or more if agreed
- POS terminal balance up to 175,000 GBP
- ATM withdrawal limit 750 GBP
- Free use in 35 million locations worldwide accepting MasterCard
- Fixed commission at ATMs worldwide
- Possibility to instantly transfer funds from one card to another or to several cards at once;
- Each client (company) has the right to issue as many cards as they need – there are no restrictions on the number of cards;
- Transfer and conversions are free, by SPOT.
- The name on the card (can be a personal name, but also the name of the department or company);
- Office address
- Mobile number connected to the card
- Currencies for the card
- Email (for login to the system and balance check).
| Type of service | Fee |
| Annual fee | Free of charge |
| Annual fee for each card | £10 |
| Transfer to the corporate account | 0,5% max |
| Limit on the account | There is no limit |
| Conversion fee | 0% |
| Transfer from corporate account | Free of charge (or £10, if the amount is less than £2000) |
| Transfers to MasterCard | Free of charge |
| Maximum card balance | £100 000 (can be higher) |
| Maximum transfer to MasterCard daily | £10 000 (can be higher) |
| MasterCard purchase | Free of charge |
| ATM Withdrawal daily limit | £750 |
| Fixed commission on ATM withdrawals (outside UK) | £1.6 |
| Fixed commission on ATM withdrawals (in UK) | £1.3 |
| Balance check online or through phone application | Free of charge |
| No activity fee (yearly) | £10 |
- Passport copy
- Proof of address (a utility bill not older than 3 months)
- Memorandum and Articles of Association
- Certificate of Incorporation
- Information about all directors of the company (as well as for individuals who will have access to the platform and e-banking
- Utility bill as a proof of address
- A recent bank statement with the number of the account included