![]() ![]() Budget limited: Finally, virtual cards may be budget limited.This assists in accounting, since funds are directly charged to a specific project, and there is no need to chase down charges to see what was spent for which. Time limited special projects: If employees are working on a project with a known end date, virtual cards may be tied to the project's budget and set to expire at that date.Users may simply create a new virtual card and use it immediately. There is no need to wait for a replacement physical card as is typical of debit/credit cards. More secure: When using virtual cards, if a specific site is compromised, users may simply enter the app and freeze or delete the card used for that service.This allows users to assign virtual cards to specific things, e.g., one card is used for Amazon purchases, one is used for Home Depot, another is used for cell phone bills, etc. These cards may be used once, shut down after a certain period of time, or simply indefinitely like any other card. However, unlike most, Divvy allows users to create virtual cards on the fly. Like others, Divvy issues physical cards to all users (MasterCard) which are used just like any other card. ![]() Divvy, though not as high as others such as Capital One, still has a 1% rebate.Īdditionally, Divvy assigned a personal account manager for us, which provides continuity and a clear point of contact rather than calling up a general customer support phone line. The employees can associate receipts and other information, making expense management easier. The administrators can then easily see what is being spent, make adjustments, etc. Moreover, any major changes to the card or account required the intervention of the single person on file, which would be fine for a solo entrepreneur but restrictive for any business with multiple people performing administrative or financial work.īy contrast, Divvy lets every employee have a login and the company flexibly assign who are administrators. Spark also does not offer virtual card and budget management. The Capital One account is tied to a single person's Social Security Number, with only one log-in available per company, and no option to give others management or even viewing access. Finally, reward points could be applied to outstanding balance every cycle, where some others (including Divvy) issue a year-end check for rewards.The Spark web interface was simple to use, with the ability to set monthly limits per card.The sign-up process was easy, with approval taking virtually no time.And some businesses (most notably car rentals) refuse to accept debit cards, causing operational issues.Ĭapital One, at least from online searches, appears to be quite popular (that or good with marketing). In particular, our bank made it difficult to assign / issue new cards. However, debit cards typically do not offer any rewards (cash back or points) where most credit cards do. We are posting this because it solved a problem for us and may do so for our members.ĭebit cards from one's bank is generally the simplest option for assigning cards to employees. Note: like all IPVM reporting, we never accept advertising, sponsorships, affiliates, etc. ![]() UPDATE MARCH 2020: We have shut down using Divvy after numerous problems and poor support. Inside this note, we examine the pros and cons of these various options. Instead, we chose Capital One Spark, but it had problems for our needs, so a few months ago, we switched to Divvy. However, we did not choose Divvy at that time. Indeed, we first saw them at ISC West earlier this year when we captured a video of a guy with a suit made of dollar bills: IPVM has used a number of options and recently settled on Divvy, a startup that is offering an alternative to conventional cards. Most security integrators are small businesses but large enough that they have various employees that need to be able to expense various charges as they do their business (whether for supplies, travel, etc.). UPDATE 2020: We dropped Divvy after numerous problems and poor support, explained and updated within.
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