Making third party payments is becoming an increasing challenge for many companies as their network of supplier and affiliates becomes more complex. A business bank account using the traditional payment methods are usually expensive and the manual processes waste a lot of precious time.
A Mastercard prepaid card can be used in addition to your business bank account to make additional payments, particularly to foreign partners or affiliates, efficiently.
Prepaid cards are a quick, easy way to manage your company’s one-off payments and are free from many of the costs associated with cash, cheques, bank and money transfers.
Your suppliers will enjoy all the benefits and convenience offered by a Mastercard® branded payment product including the ability to withdraw cash from ATMs, use their cards online or at millions of locations worldwide.