- PEX is a prepaid business expense card that helps companies manage the money their employees spend
- When businesses use the PEX login, they can access the funds available to each individual employee and change it instantly
- PEX has actually been shown to decrease employee spending by as much as 25% since spending is so closely monitored and controlled
Many businesses have employee credit cards or employee spending accounts, but the PEX system is by far the easiest option for employees to have access to company credit cards. Enrollment in PEX will be completed in 1 to 3 days, and it’s not a credit card, so no credit check will be required. It only take about 5 minutes total for a company to enroll in PEX. Businesses who use the PEX card for their employees can log on to the online PEX portal to manage their card (like viewing transactions, seeing how much of a balance is left on each PEX card, and assigning different funds to employees). Companies can even set how much money in a certain area employees can spend with PEX (like $150 on lodging an $300 on food for a week).
How does the PEX referral program work?
The PEX card has a great referral program where companies can refer their colleagues, friends, and other businesses to use PEX, and earn $400 for every active client that signs up under them. Companies that get a referral bonus from PEX will need to upload a W9 form to get paid.
To contact PEX
PEX referrals even get a discount on service, like only $4 a month service fee (usually $7.95 per PEX card), 6 months free PEX trial (usually 4 months), and no one time setup fee (usually $49.95 in all other cases).