Virtual Cards
Shared virtual cards: Spend online with total control
The Equals Money account is here to revolutionise the way finance teams manage a company’s payments, expenses, budgets, payroll and more, putting time back on the clock and money back on the balance sheet.

Manage subscriptions
and make recurring
payments

Activate your card with
ease and start spending
straight away

Assign cards to
Balances and set
transaction limits
Virtual cards are digital versions of plastic or metal payment cards you might have in your wallet. Cards can take a few forms: one for individual transactions such as in-person purchases, one attached to a specific balance and shared amongst members of a company for things like online subscriptions and software, or one created for a single use that becomes void after the purchase it was created for.
Shared cards are the first iteration of virtual cards from Equals Money. A Shared card is a card you can create on your account that’s attached to a Balance, another money management tool from Equals Money. For example, if you have a specific Balance that you’ve set aside for marketing or costs, you can create cards within that balance. Within the marketing Balance, you can have a Shared card for each subscription you have for ad spend like Google or Facebook.
You’ll be able to see a list of all your Shared cards within your Equals Money account or within a specific Balance. You can create as many shared cards as you like, so if you want cards drawing from multiple Balances or multiple cards for different uses in one Balance, it’s easy to make a new Shared card on the Equals Money platform.
You’ll be able to see a list of all your Shared cards within your Equals Money account or within a specific Balance. You can create as many shared cards as you like, so if you want cards drawing from multiple Balances or multiple cards for different uses in one Balance, it’s easy to make a new Shared card on the Equals Money platform.
Virtual cards are more convenient, with the ability to start spending straight away from when they’re issued. They’re also more secure, with the ability to see purchases as they happen, pause or block the card if you’re worried they’ve been compromised, and block cards that have been created for specific services without affecting all your subscriptions.
If you’re running a business, employees can take spending into their own hands. You can monitor their spending by watching their transactions in real time, and team members can make purchases themselves without dragging you down in unnecessary admin. You can also generate a virtual card with a specific use-case for your company: for example, you can have one specifically to use for Amazon Web Services that draws from your digital services budget. Spending has clear purposes and limits, giving you total control of your business expenses.
If you’re running a business, employees can take spending into their own hands. You can monitor their spending by watching their transactions in real time, and team members can make purchases themselves without dragging you down in unnecessary admin. You can also generate a virtual card with a specific use-case for your company: for example, you can have one specifically to use for Amazon Web Services that draws from your digital services budget. Spending has clear purposes and limits, giving you total control of your business expenses.
Need to know more?
What are Shared cards?
Shared cards are virtual cards which are not assigned to specific people
What can I use Shared cards for?
You can use shared cards to pay for online transactions where Mastercard is accepted as payment.
Can I have cards for individuals?
If your organisation would benefit from virtual or physical cards for specific people, please get in touch with our team who will be able to discuss the process for this.
Do Shared cards have any limits on spend volumes?
You can set limits on cards via the cards page of your online account. You can set limits for daily, weekly, monthly or lifetime use as well as single transaction limits. Progress trackers are available via the ‘card inspector’ to show card spend against the limits set. Any card transactions that exceed set limits will decline.
How do I cancel a Shared card?
Virtual cards can be cancelled once paused via the cards page of your online account. Simply select the card you wish to cancel and click on "replace card".
Can I pause a Shared card to prevent further transactions on it?
Virtual cards can be paused temporarily via the cards page of your online account. Once you have requested a card to be paused you will receive a confirmation message confirming the card has been paused and the relevant card details will be highlighted to identify paused cards.
You can choose to resume the use of paused cards in the same way as you paused the card. Once confirmation has been received that the card is now active it will show in active cards on your account.
You can choose to resume the use of paused cards in the same way as you paused the card. Once confirmation has been received that the card is now active it will show in active cards on your account.
When should I get a virtual card instead of a physical card?
We recommend virtual cards for making any type of payment that you know will always take place online. As you can quickly and easily set up new virtual cards, you can assign one to each payment type, for example you might want a virtual card just for your software subscriptions and another for online marketing spend. This allows you to monitor separate payment types easily.In addition, physical cards are always assigned to one person, whereas you can allow a whole department to use one shared virtual card, or assign one card for a specific project that involves many teams in your organisation.