This method of payment through a card became a fashion statement and quickly adopted by others. The first year saw over 10,000 people opting for the card, which grew to over 42,000 by the end of 1951.
A prepaid card works wonder for not only startups, but for corporate as well. So, if you are looking to improve your expense management system prepaid cards can be the best alternative for your startup!
Petty cash is a small amount of cash, which has to be maintained by the cashier to meet small or 'petty' , and often unexpected, expenses that come up during a business day. Most companies maintain a petty cash fund to pay for petty expenses like minor expenses and employee reimbursements for small expenses like taxi fare, stationery expenses, etc.
Despite the increase in usage, many people still don't have a clear idea as to what are the different types of cards available in the market, and what is the exact difference among them. The most common types of cards are Credit Cards, Debit Cards, and Prepaid Cards.
