FUNDED CARDS
An introduction to:
Simply put, a Funded Card allows you to set an amount, prior to card creation.
A Funded Card requires all card members to agree to a specified amount before the card is created. This is generally best used for situations where the group knows exactly how much a purchase will cost. Should the group need to load more cash onto the virtual card, the card manager can request additional funds to the Funded Card.
Funded Cards
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Yes, you can add new users to an active Funded Card, this will require approval from the group members.
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Within the card settings you can allow users access to the card information. All purchases will be recorded on the Card screen.
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Generally the card will be declined at purchase. A Funded Card functions much like a pre-loaded gift card. Should you need additional funds on a Funded Card, the card manager can request more cash.
Funded Cards
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Funded Cards •
A group of 9 friends has planned a trip to North Carolina. They decide to book a rental house for 3 days and split evenly between the group. Because the group knows exactly the price of the rental, they start a Funded Card specifically to book their stay. Each member contributes their portion of the bill and the card manager uses the virtual card to finalize the purchase.