Last updated on February 22nd, 2023
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Netspend® Small Business Prepaid Mastercard
Netspend® Small Business Prepaid Mastercard
Netspend® Small Business Prepaid Mastercard
At a Glance
The Netspend® Small Business Prepaid Mastercard is a versatile prepaid card designed to give companies better control of their finances and accept mobile and online payments through the optional ProPay® account.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Accept Card Payments With ProPay®
- Earn rebates with Mastercard Easy Savings®
- Easily manage employee spending
- Separate business expenses from personal expenses
- No minimum balance
- Annual Fee: $119.40 ($9.95 per month)
- Foreign Transaction Fee: 3.5% of the transaction amount in U.S. dollars
- You own or operate a small business looking for a convenient way to manage electronic payments
- You want to keep your business and personal expenses organized
- You want to earn rebates with Mastercard Easy Savings® on business expenses
Netspend® Small Business Prepaid Mastercard Review
The Netspend® Small Business Prepaid Mastercard is a versatile prepaid card designed to give companies better control of their finances. The card helps small companies separate personal and business expenses through a dedicated account. Cardholders can even set up subaccounts to give your employees spending power, while at the same time providing account managers the ability to monitor and control subaccount spending.
The Netspend® Small Business Prepaid Mastercard lets cardholders take their business wherever they go. Netspend® offers the option of ProPay®, which accepts credit and debit card transactions through a connected Android™ or Apple® mobile device. Once a Netspend® account is opened, all you need to do is apply for a ProPay® account, and if accepted, purchase a JAK card reader.
With Netspend® Small Business Prepaid Mastercard and ProPay® accounts, companies can also accept payments through their website. Merely add a dedicated “Buy It Now” button to your site and let ProPay® directly deposit all funds straight into your prepaid account.
Cardholders can receive rebates from Mastercard® for everyday purchases through the Mastercard Easy Savings® program. When making a qualified purchase at participating merchants, businesses can earn automatic rebates to the account, meaning using the card for gas, dining, office supply, or other relevant purchases can offer real savings.
There is no minimum balance or credit check required with the Netspend® Small Business Prepaid nor are there any activation fees. There is, however, a $9.95 monthly master account fee, and $1.95 monthly fee for each sub-account.
