Why are commercial prepaid cards necessary for fleet management?
Logistics owners and fleet managers assign a commercial prepaid card for truck drivers or owner-operators to easily make payments and keep track of all expenses incurred during a shipment delivery. The use of these prepaid expense cards has proven to be an effective way to manage cost while on the road.
Fleet managers and owners can accurately manage expenses by setting a budget and informing drivers regarding the approved vendors and eligible purchases that can be made using the commercial prepaid card balance. By having a prepaid debit card, drivers can refrain from making unauthorized purchases or using personal funds to cover fleet expenses.
What to consider when choosing a prepaid expense card for logistics?
There are a number of benefits of prepaid expense cards for your commercial vehicles. However, make sure you select a card that allows you to set spending limits. By taking advantage of this feature you can ensure that all your drivers stay within the allocated budget and prevent overspending. The best prepaid debit cards should enable you to monitor your spending in real-time through notifications or reports and also give you the ability to deactivate or lock the commercial prepaid card if it is misplaced, misused or stolen. Moreover, choosing reloadable debit cards help to maintain account balance without running out of funds through instant recharge options.
Which is the best reloadable debit card for fleet expense management?
- TMB Fleet: TMB Fleet Cards allow drivers to use the card at ATMs, Point of Sale equipment and also pay directly at fuel stations. The card is valid until 5 years and the commercial prepaid card balance can be accessed through the customer care portal for prepaid cards.
- FleetXpress: FleetXpress is a fleet card from HDFC Bank which provides spend control, real-time tracking, withdrawal of unused funds and the options to block or unblock the prepaid expense cards. The cards can be used for fuel, toll payments and lodging expenses.
- AxleCards: AxleCards provide prepaid debit cards for fleet expenses with a level of control and flexibility enabling users to customize spending limits, employ individual and organization-level settings, request additional funds when required and even lock or block cards for maximum security in the case of misplaced or stolen cards.
- KVB Fleet: KVB Fleet Cards are customized reloadable debit cards with a vehicle registration number. The cards help to manage fuel and maintenance expenses and can be used at POS, ATMs and for digital payments along with real-time updates on transactions.
How prepaid debit cards from Axlerate streamline fleet expenses?
AxleCards are prepaid debit cards that allow consumers to take charge of their accounts with the extra layer of security from a helpful built-in locking system. Fleet managers and truck drivers can instantly lock a misplaced card for some time until it is found, thus avoiding any potential fraud.
Moreover, with the click of a button, card holders can effortlessly request additional funds from their administrators without having to make any phone calls or trips to receive funds. It also offers individual and organization level settings allowing you to allocate funds and spending limits for each vehicle, as well as for multiple vehicles in a single click with a default setting.
Let’s Wrap Up!
The need to streamline fleet expense management is crucial for operations in logistics. In order to counter the challenges, commercial prepaid cards can be the ideal solution to simplify and unify fleet expenses without the need for reimbursements while also preventing unauthorized purchases. There are a number of reloadable debit cards for fleet expenses including TMB FleetCards, FleetXpress, AxleCards and KVB Fleet Cards. You can buy best prepaid debit cards with customised controls, in-built lock system and fund request options from AxleCards.
Axlerate is a unified platform for Logistics management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.
