A secure alternative to PayPal for Businesses
Looking for a good alternative to PayPal? With virtual Mastercard debit cards from Spendesk, your teams can pay autonomously and securely online, while finance has complete visibility over every payment.
on all company spend
$0 Set-up Cost
no hidden fees
> 95% Receipts
captured on time
virtual and physical
Manage all expenses centrally, and track every company euro spent in real time.
Spendesk combines smart payment methods including virtual & physical debit cards from Mastercard with modern software for centralized invoice and expense management. Additional subsistence expenses and mileage allowances can also be paid via the platform.
Employees pay securely and autonomously online with single-use virtual cards from Mastercard. The cards are a great alternative to PayPal and corporate credit cards from American Express or other providers, where credit card data is shared with several employees. Virtual cards can also be used for software subscriptions and services. Thanks to the continuously updated dashboards, the finance team has real-time access to all payments and receipts, and can easily keep track of everything.
Paying in cash, advancing expenses and submitting long expense reports every month are a thing of the past. Each employee gets their own Spendesk card for payments on the go and can pay autonomously and securely. The finance team and accounting department see expenses and payment information in real time and don't have to wait until the end of the month to know what was spent.
Spendesk centralises purchase orders, invoices, transactions, and preparatory accounting in one solution, and links requests to team budgets. This way, managers can check whether the expense fits into the budget or not before approving it, and there are no surprises at the end of the month.
E-commerce credit card payments, ongoing software subscriptions, and purchases on the company account are no easy task for the finance team and budget managers to keep track of. With Spendesk Budgets, finance teams & managers can see what's being spent in real time and make informed decisions about new requests before it is too late.
Spendesk automates the reading of VAT and allocation of G/L accounts and receipts, saving finance teams an average of 2-3 days in month-end closing. Thanks to native integrations (including with Xero) and customizable exports, you can export payments and receipts from Spendesk directly into your accounting system.
WHAT OUR CUSTOMERS SAY
From a control point of view, it’s a lot better. Disposable virtual cards are great. And the subscription cards are really good from a visibility point of view. When we sit down with the different department heads, it’s now so easy to point out tools they don’t need anymore.
Aaron Townsend, Financial Controller at Habito
The most frequently asked questions about Spendesk & PayPal.
PayPal offers private individuals the possibility to pay securely online on ebay, Amazon or at other e-commerce providers. For business customers, PayPal offers additional functions and acts as a payment provider. Business customers can use PayPal in their online shop or physical shop to accept payments from customers via various payment methods (PayPal, direct debit, credit card and purchase on account) and also make payments.
Spendesk is not a payment provider or bank account, but a complete spend management solution. The software combines secure payment methods such as Mastercard virtual debit cards for online shopping, with digital invoicing, preparatory accounting, and team budgets.
Which PayPal alternative is right for you depends on which functions you need. Specifically, it turns on whether you're a private individual looking for an alternative to transfers via online banking, or if you need an online payment service for your business.
Possible alternatives include solutions like Revolut, Monzo, N26, and Authorize.Net. These are similar to traditional banks but can be used 100% online, with minimal fees and fast services.
The best online payment methods for businesses are virtual cards, offered by many of these challenger banks. Spendesk also offers virtual cards, with all the security and flexibility that modern businesses need.
Virtual cards are actually the most secure payment method in online shops, because each virtual Mastercard has its own card number. This is much safer than sharing credit card data with other employees on different websites, or in your Amazon account. The cards can also be blocked or deleted at any time via the Spendesk platform.
Spendesk is the first all-in-one corporate expense management solution that gives finance teams 100% visibility and control over all business expenses.
Employees can autonomously and securely pay for what they need, and the finance department has real-time access to all expenses, keeping them on track.
Secure, customised payment methods, such as Mastercard virtual and physical cards, ensure all spending follows set policies. Approval workflows give managers the ability to approve or reject payments. Spendesk streamlines your expense and invoice management for all employees and can be used in the office and on the go thanks to the online platform and mobile app.
Spendesk is available for companies in the European Economic Area (including Germany, France, United Kingdom, Spain, Norway, Sweden, & Denmark) and in the United States.
Users can create their wallets with currencies in Euro (€), US Dollar ($), Pound (£), Danish Krone (DKK), Norwegian Krone (NOK) and Swedish Krone (SEK).
Spendesk debit cards are protected against fraud by Mastercard's "Zero Liability Protection". You can be assured that this liability protection applies to your in-store purchases, online e-commerce or mobile device payments and all ATM transactions. You can find more information about this on the MasterCard website in the Security section.
Yes, the Spendesk app for Android & iOS is available free of charge for customers from the App Store and Google Play. Employees can use the app to photograph and upload their receipts with their smartphone, submit expenses and make requests for their physical card to be charged to their manager.