The ultimate multi-currency business debit card

Virtual business debit cards offer the fastest path to gaining better control over your company’s expenses while simultaneously saving on online payments. Our virtual Mastercards can be issued online in real-time for your entire staff, enabling immediate use on the very first day.

The creation of virtual debit cards is unlimited and comes at no cost, as there are no expenses associated with physical plastic cards and shipping. Therefore, it is common practice to assign separate virtual debit cards to each employee needing access to funds, as well as to departments and projects. This strategic approach fosters clarity by clearly delineating ownership of each payment, further simplifying and accelerating accounting processes.

Virtual cards simplify the monitoring of online payments and subscriptions, providing transparent access to transaction histories for responsible teams and managers.

Our virtual business debit cards offer full customization with individual settings such as spending limits and country or merchant-type restrictions. To maximize control, you can create and configure a separate virtual card for each specific use case, such as project management tools or per ad channel. This approach ensures clear payment ownership, budget responsibility, and streamlines the accounting process for your finance department.

Traditional card solutions frequently come with restrictions that limit self-service options, forcing organizations to reach out to banks and request card limit increases over the phone. Our virtual cards provide high spending limits that you can easily adjust online 24/7, offering unparalleled flexibility without the need for external assistance.

Additionally, with the Mastercard BusinessCard® Bonus Program, you can enjoy discounts on your Google Workspace plan and other online tools.

You can easily keep control of your business expenses with our real-time transaction overview, custom restrictions, and flexible, on-the-fly adjustments 24/7.

Card groups
Maintain control over team budgets by grouping cards belonging to the same department or project. Assign cards to the groups with a few clicks, designate a team manager, and establish the necessary limits, automatically ensuring adherence to financial objectives. This consolidated approach offers managers a clear budget overview within a single dashboard.

Spending limits
Set daily, monthly, or global spending limits for individual cards or card groups, safeguarding your budget from overspending and limiting your loss in case of fraud. This means that your cards enjoy all the advantages of a prepaid card, without the hassle of having to top up each card individually. They are all connected to the same overall balance, and spending is controlled through customizable limits.

Restrictions
Enforce geoblocking to limit card usage in specific countries and restrict cash withdrawals or certain merchant types, automating expense control and averting misuse effectively.

De- and reactivation
Flexibly suspend and reactivate your business debit cards with one click, perfect for scenarios like one-off purchases or in between business travels, preventing unauthorized usage.

User roles
Assign distinct roles within your team to define payment ownership and budget responsibilities effectively. For example, card administrators enjoy unrestricted access to a comprehensive card overview and card settings, while card group managers oversee all cards assigned to their designated group. Debit cardholders, typically employees with the exclusive right to use their own card, have access to their transaction history and can block their card in case of loss or suspected fraud.

Thus, the amnis business debit card solution ensures complete transparency for managers, adherence to individual and team restrictions, while also providing cardholders access to their transaction history.

Smaller-sized companies often streamline their expenses by relying on a single company card for all transactions. While this may simplify matters on the surface, it presents its own set of challenges.

Typically, only the company owner or an accountant has access to the card transactions, leaving responsible team members in the dark. They lack real-time visibility into transactions, including the status of subscriptions. This leads to a monthly ritual of accountants seeking payment details from various departments, resulting in inefficiency and potential errors in record-keeping. Besides the administrative burden for accountants, sharing card details and security codes poses an immense security threat for the company.

Empowering your employees with amnis cards ensures secure access to funds, enabling teams to make necessary on- and offline purchases, while adhering to predefined limits and simplifying bookkeeping. This combination of freedom and control fosters a work environment where responsible financial decisions become second nature.

The lack of structured expense management often leads to multiple company cards floating around, resulting in confusion with numerous subscriptions, unclear ownership and time-consuming reporting. In such cases, funds are often wasted, as no one can trace the origin or purpose of these expenditures. Issuing multiple cards without a cohesive strategy can also lead to duplicate subscriptions or missed discounting opportunities.

The process for organizations in need of multiple company debit cards for their entire team remains convenient and efficient.

Your dedicated account manager will provide you with a user-friendly template to easily input all essential information, including cardholder details. Your account manager will then initiate an automated internal process to seamlessly order and issue the cards, completely removing the need for manual card ordering within the system. Once this process is finalized, you’ll receive a notification via email, and you can conveniently access and manage your business debit cards from your dashboard in your amnis account.

Our customers can choose whether they want their debit card transactions to be settled in the merchant’s currency or the card’s currency – based on their accounting preferences. Depending on your business’ payment streams and card usage, one method might also be more beneficial than the other.

Importantly, whichever settlement method you select, at amnis you will always have access to 0% FX and card transaction fees, provided that your chosen currency account maintains a sufficient balance. The due amount is directly debited from your selected wallet, without any fx markup or transaction fee, regardless of the currency involved. This results in savings of 3 – 5% on card transactions in major currencies and even higher savings in exotic currencies compared to traditional solutions.

Merchant’s currency
Card transactions are processed in the merchant’s currency and debited from the corresponding currency accounts. This option is particularly beneficial if you’re already holding the currency your team is spending money in, eliminating the need for currency conversions.

Card currency
All transactions are processed in your predefined card currency, which is typically the currency of the country where your card was issued, and debited from the corresponding wallet. Importantly, for card payments abroad, no foreign currency accounts will be opened at amnis, simplifying and streamlining bookkeeping. Plus, neither foreign exchange margins nor transaction fees will be applied to your debit card transactions, regardless of the currency involved*.

*To this end, amnis converts card transactions in foreign currencies with the daily Mastercard fixing at 0% bank fee (more about the Mastercard rates here).