Small Business Trends Radio

Control Employee Expenses And Reimbursement: PEX Card

Control Employee Expenses And Reimbursement: PEX Card

In today’s economic climate, credit is fast becoming more limited to access and this can cause disruptions and be costly to small businesses. Additionally, many are cutting back and pinching pennies wherever they can right now and effective management of funds is now crucial.

Control Employee Expenses And Reimbursement

Toffer Grant joins host, Anita Campbell along with co-host, Brent Leary, with an efficient solution for just this purpose. Toffer is the CEO and Founder of the PEX Visa prepaid card program. A program that allows business owners to closely control employee spending, expenses and reimbursement in real-time. Best of all – it isn’t a bank account.

Below are the questions we asked Toffer in this episode:

  • (2:40) Can you tell us a bit more about yourself and your background?
  • (4:09) What does PEX stand for?
  • (4:30) How does the PEX card work? What do you use it for and how do you use it?
  • (5:22) Your company is negotiating the card to be issued through a bank, correct?
  • (6:23) If you are not issuing the card, then what functions specifically does your company provide?
  • (8:20) Tell us what some of these features and benefits of a PEX card are? Is it unique on the market and, if so, how is it unique?
  • (10:43) Give us a few examples of the types of employees that might be appropriate for the PEX Card?
  • (12:08) Let’s say I have a sales force that is out on the road prospecting for customers, is this appropriate for them?
  • (13:04) Can you talk about the efficiency of the PEX Card? How easy is it to setup and manage a PEX Card?
  • (19:37) How much does this service cost?
  • (20:49) What are the steps that a company has to go through to get signed up with the service?
  • (21:50) What are some of the other requirements that a company must have in order to use the service?
  • (22:25) Are there certain kinds of companies that would see immediate benefits from this service?
  • (23:04) How soon would a company begin to see the benefits?
  • (24:23) What kind of support can companies expect from you with this kind of service?
  • (25:13) I see that you’re on Twitter. Can people send you a Tweet as well?
  • (25:24) What kind of benefits do employees get when they use this kind of service?
  • (26:32) Can an employee personalize the way their card looks?
  • (27:18) Would this replace other cards that businesses have?
  • (28:08) Where can people find out more on the web?
  • (29:00) Learn how YOU can receive a 50% discount.

Listen to Toffer’s full interview now by clicking the red and yellow player below.

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9 Responses to “Control Employee Expenses And Reimbursement: PEX Card”

  1. Mary Grace Ignacio Says:

    Wow. This is really interesting! Imagine with this card you can minimize the risk of unnecessary spending from your employees.

  2. Amanda Says:

    This is a really interesting option to consider. The benefits sound numerous and I’ll be passing this on.

  3. Mary Grace Ignacio Says:

    Right Amanda. Must pass this good news!

  4. Martin Lindeskog Says:

    How easy is to track the transactions and designate it to different business accounts at a company?

  5. Luz Spielberg Says:

    Hhmmm.. I think PEX will do it for you Martin. That would be very easy!

  6. Toffer Grant Says:

    Hi all, thank you for all the supportive comments. @Martin: When you say “business accounts” are you referring to tracking client funds for projects or accounts as in G/L accounts?

  7. Toffer Grant Says:

    Hello – I can’t believe it has been almost a year since this interview.

    Just wanted to drop a quick note here that we adjusted our pricing. The fees I talk about here are lower now – we eliminated the $19.95 tier for 1-10 cards.

    For more information, take a look at our blog post about it (http://www.pexcard.com/blog/2009/12/pex-card-fees.html), or visit our website.

    Thanks again Anita / SmallBizTrends Team

  8. CEO Podcast Interview - PEX Card Says:

    […] On February 24th I appeared as a guest on Anita Campbell’s internet radio show / podcast called Small Business Trend Wire. The title of the show is “Control Employee Expenses and Reimbursement: PEX Card” – it can be found at this link. […]

  9. Read Far more Says:

    Read Far more

    Control Spending, Expenses And Reimbursement: PEX Card | Small Business Trends Radio | Small Business Advice

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