Business Wallet Pricing: Fixed Fee or Pay As You Use?
Pricing for business spend tools can look simple and then add up. Before you choose, it helps to understand the two common models and the fees that sit around them.
Fixed fee
One predictable amount, whatever the volume. It suits businesses with steady or large spend, and makes budgeting easy.
Usage-based
You pay in proportion to what you use. It suits businesses with variable or small volumes, or a new rollout.
Fees to ask about
- Set-up
- Loading or reloading the wallet
- Inactivity
- Cards, replacements or extra users
How to compare
Ask each provider for your own expected volume, and work out the cost for a typical month and a busy month.
How OmniCard fits
OmniCard offers businesses a fixed fee covering all wallets (set-up can be included) or a flexible usage-based plan. There are no load or reload charges on business wallets and no inactivity fee on business accounts, and businesses can go live the same day. Consumer cards are different, so these terms apply to business accounts.
Related: Expense management
Keep reading
How you can use Expense Manager App to optimize your Personal Finance
Expense Management Pricing: How to Find a Solution that Works for you?
Cashbook App Alternatives: What to Check Before You Switch
Why Employees Shouldn't Pay Company Expenses From Their Own Account
Expense tracking software: All you need to know
