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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.

Bank-level security - FCA & PCI regulated

Full-Platform EN-£ Light-BG

3,500+ companies rely on Spendesk

The 7-in-1 difference

  • 4x

    faster end-of-month closing

  • 100%

    visibility on all operational spend

  • £0

    setup & no hidden fees

  • 95%

    receipt reconciliation in just 2 days

  • Unlimited

    virtual cards, subscriptions & users

Spendesk and PayPal in comparison

Manage all expenses centrally, and track every company euro spent in real time.

Spendesk
PayPal

Secure online payments

Pre-approval for employee payments

Safe spending online

Pay on the road

Mobile app for Android & iOS

Digital invoice management

Approval workflow for employee spending

Pay bills digitally

Preparatory accounting

Manage travel expenses

Additional meal expenses

Mileage

Seamlessly integrate your bank account and your accounting tool

  • Bank account

  • Spendesk

  • Accounting

Pay securely online and on the go

Spendesk combines smart payment methods including virtual & physical debit cards from Mastercard with modern software for centralised invoice and expense management. Additional subsistence expenses and mileage allowances can also be paid via the platform.

  • Approval
    and policies
  • Team
    budgets
  • Invoice
    payment
  • Expense
    tracking
  • Virtual &
    physical cards
  • Spending
    reports
  • Pre-accounting
    automation

Virtual debit cards for secure online payments

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.

EN-£ Recurring-virtual-cards

Smart Mastercard debit cards on the move

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.

Security-Page Card-EN

All payments in one solution

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.

EN-£ Tracking-expense-reimursements

Full overview of all budgets

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.

EN-£ Budget Overview

Time saved thanks to digital accounting

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 customisable 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.”
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Aaron Townsend, Financial Controller at Habito

Aaron Townsend - Finance controller at Habito - Spendesk customer

FAQ

The most frequently asked questions about Spendesk & PayPal.

What's the difference between Spendesk and 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.

What are the best PayPal alternatives?

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.

Is it safe to pay with virtual cards in online shops?

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.

What is Spendesk?

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.

In which countries is Spendesk available?

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).

Are Spendesk cards safe?

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.

Does Spendesk have an app?

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.

Get the best for your business

Make the switch to smarter spending with Spendesk.

Want to know more?

Connect with a spending expert.

Last updated: 23 August 2021