Why should your business use a free virtual debit card feature?

Imagine you are out on a Monday morning. Suddenly you get a call from an employee to make payments for an online purchase. Unfortunately, you don’t have your debit card and you’re stuck in the middle. A difficult situation, isn’t it?

This problem can be solved simply by using virtual cards. By 2023, the number of virtual card transactions was 36 billion, according to data reported by Search Juniper. Forecasts say that in 2028 they will reach 175,000 million. It shows the relevance and necessity of using virtual cards in the modern age.

What are free virtual debit cards?

Zil US offers free virtual debit cards to businesses and individuals. Virtual cards are digital versions of traditional debit cards that can be generated instantly without any physical card issuance. Virtual cards offer the same functionality as physical cards and users can make online payments, manage subscriptions and conduct contactless transactions. Users can store these virtual cards on a mobile device, making them convenient and secure.

7 key benefits of using virtual cards for your business

1. Improved security: Zil US virtual cards use unique numbers for each transaction. It reduces the risk of fraud and improves security. For example, if a card number is breached or tampered with, it can be blocked instantly without affecting other subscriptions.
2. Control of expenditure: The platform allows you to set spending limits per card. You can set the limit per month, all time or per transaction as you wish. For example, a company may issue a virtual card to an employee with a limit of $500 for monthly travel expenses.
3. Easy management: Each service can have its own virtual card, making tracking easier. You can generate multiple virtual cards using the software. For example, a company could use one virtual card for cloud services and another for software. By doing this, the company can avoid confusion about which charges belong to which service.
4. Instant broadcast: Companies no longer need to wait for physical cards. Users can personalize and issue virtual cards immediately when needed, such as when signing up for a new online service. The platform allows you to create virtual cards from anywhere without restrictions.
5. Tracking of payments: Virtual cards provide real-time tracking, allowing you to monitor transactions as they occur. This is useful for companies that need to track employee purchases.
6. Custom expiration: The platform allows you to activate, deactivate and reactivate virtual cards at any time. You can create a virtual card and deactivate or block it after one month to avoid unwanted subscription renewals.
7. Global accessibility: Zil US virtual cards are accepted worldwide, making them ideal for international purchases. A commercial purchase software from a foreign vendor can easily pay without worrying about physical card compatibility.

Digital wallet for improved financial management

If you own a business, you can use digital wallets to fund virtual cards. The all-in-one platform offers digital wallets for businesses and individuals to store and manage funds. You can access digital wallets at any time and make transactions. Instead of manually transferring money for each transaction, the business owner can pre-load funds into a digital wallet. Later, they can pay for online services, subscriptions, or employee purchases. Even if you can’t access your bank accounts, you can use digital wallets to improve your cash flow.

Corporate expense card for employees

The Zil US payment solution offers corporate expense cards, a type of virtual card for businesses. A corporate expense card for employees offers a simplified solution to managing business expenses. It allows companies to issue virtual cards to employees with predefined spending limits. Businesses can ensure budgetary control and accountability for work-related expenses, such as travel or office supplies. With tracking and reporting, companies can control spending and prevent misuse, while employees can make necessary purchases without delay. Corporate expense cards simplify reimbursement processes and improve financial transparency. Expense management is more efficient for both small and large teams with this feature.

Online business checking accounts

Zil US offers free online business checking accounts for businesses to efficiently manage their finances digitally. The platform eliminates monthly fees, minimum deposit requirements, and maintenance charges, making it cost-effective for startups and established businesses alike. With features like ACH transfers, electronic payments, check emails, virtual cards, and integration with digital wallets, you can manage day-to-day transactions easily. In addition, online access allows for instant tracking of account activity, simplifying budgeting and expense tracking. These accounts are best for modern businesses looking for flexibility and convenience.

conclusion

Zil US offers a powerful platform that improves business financial management through free virtual debit cards, corporate expense cards and digital wallets. These tools give companies more security, flexibility and control over spending, helping to manage payments, subscriptions and employee purchases. With the added benefit of fee-free online business checking accounts, the platform simplifies daily transactions and financial monitoring. For businesses of any size, the all-in-one platform offers a cost-effective solution to optimize financial operations and improve overall efficiency.