A secure alternative to PayPal for Businesses

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.