In the fast-paced world of Ecommerce, efficient financial management is crucial for sustaining growth and maintaining a competitive edge.
With Equals Money, securely manage online payments and Ecommerce subscriptions with virtual expense cards, order physical prepaid cards for in-person spending, and receive funds in up to 38 currencies, without the need for conversion - all from a digital platform built for seamless spend management.
With our multi-currency account, prepaid cards, and more, Equals Money offers a comprehensive solution designed to centralise Ecommerce payments and streamline online business spending.
This centralisation simplifies the management of expenses, budgets, and payments, providing e-commerce businesses with a clear overview of their financial health.
With Equals Money, you can instantly create separate virtual cards for online purchases and spending. Centralise your online business' routine payments such as Ecommerce platform subscriptions, digital marketing spend, and more.
Not only does this allow for better monitoring of recurring expenses required for maintaining Ecommerce operations (such as Shopify subscriptions), but it also creates a natural reporting framework, ensuring all business spend is both visible and organised.
As mentioned, virtual cards can also be created solely for one-off purchases or a single type of payment, making it more difficult for unauthorised individuals to gain access to sensitive payment details or card details. This mitigates any potential risk, should the card details become compromised.
Additionally, virtual and physical cards from Equals Money can be uploaded to smart devices and digital wallets for easy in-person expenses (compatible Apple Pay, Google Pay, and Samsung Pay).
For Ecommerce platforms, online merchants, or digital marketing channels that don't accept virtual prepaid cards, virtual debit cards can be generated instead, allowing businesses to utilise virtual cards for their online store and Ecommerce operations debit card payments.
Our easy-to-use platform offers real-time insights into company spending, allowing businesses to monitor online transactions as they occur.
This visibility enables Ecommerce businesses to identify and address any discrepancies promptly, ensuring that spending aligns with budgets, constraints, and financial goals. Such transparency is essential for maintaining control over business expenses and preventing overspending.
Equals Money provides tools to stay on budget and enforce spending policies effectively.
Ecommerce businesses can set individual spending and transaction limits for each card, implement ATM blocks, and establish merchant controls directly within the platform. These features ensure that all expenditures comply with internal policies and actively reduce the risk of overspending.
By tailoring these controls to specific business needs, e-commerce companies can maintain financial discipline across all departments.
Operating in the global Ecommerce market often involves dealing with multiple currencies. Our multi-currency account allows Ecommerce businesses to send, receive, and manage funds in up to 38 currencies, facilitating seamless international payments and reducing the complexities associated with currency conversions. Instead, your funds are ready to convert whenever best suits your business.
This feature is particularly beneficial for e-commerce businesses that engage with global customer payments, cross-border transactions, and worldwide distributors or suppliers, as it simplifies financial transactions and helps avoid unnecessary conversion.
To further streamline financial operations, Equals Money integrates with popular accounting software such as Xero.
This integration allows for the automatic daily export of transaction data, eliminating the need for manual data entry and reducing the potential for human error. By synchronising financial data across platforms, e-commerce businesses can maintain accurate records and simplify their reconciliation and accounting processes.
Security is a paramount concern in financial management.
Equals Money ensures the safety of customer funds by holding them in specially designated, safeguarded bank accounts, separate from our other assets. Additionally, security measures and features like the ability to pause or resume cards instantly and account roles to limit access based on business responsibilities provide businesses with greater control over their financial operations and an extra layer of security, mitigating the risk of fraud or unauthorised transactions.
For businesses seeking to centralise Ecommerce payments and streamline business-wide spending, Equals Money offers an effective solution that combines a wide range of features such as virtual cards for various types of payments needs, real-time tracking, customisable controls, multi-currency support, and seamless integration with accounting systems.
