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by lm741 3994 days ago
It's issued under a Durbin exempt, commercial, prepaid BIN.
1 comments

Interesting! But wait a second... how does this work with prepaid cards? Do companies need to preload funds onto the cards before employees can spend them?

E.g for an employee to spend up to $5,000 on a trip, would the company have to preload $5K onto the card? Or alternatively would employees have to get approval for each expense in advance of spending it?

I believe the company sets up a balance with Dash and all the debit cards tap that balance. So it's pre-funded but not per card.