Payments giant Stripe continues to build out its product suite with the launch of a corporate credit card for business customers.
The widely trailed launch - which comes just a week after Stripe introduced a lending service - is the latest play to move beyond its core business of making it easy for online sellers to accept card payments.
Stripe argues that many existing solutions for managing business spending simply aren’t well-suited to modern internet companies.
Its card promises to change this. Companies can simply upload their logo directly into the Stripe Dashboard and they’ll have a virtual card instantly or a physical card in a matter of days.
Meanwhile, the card has built-in, dynamic spending controls that can set limits per person, per day, or per category. Users also get real-time expense reporting and dynamic rewards.
The card is free - with no annual fees, foreign transaction fees or late fees. Instead Strip will make money through interchange fees on transactions. However, cardholders must pay their balance in full every month.