6 best business prepaid cards to consider in Australia in 2025

● Overview

Get business prepaid cards through your Volopay account in just a few clicks. Make spending and managing expenses easy by assigning employees cards that are easily adjustable and can be topped up from anywhere. 

● Features and benefits

Every Volopay card can be topped up accordingly before it is assigned to an employee. The cardholder won’t be able to spend more than the assigned amount, allowing you to have better control over your expenses.

All transactions are automatically recorded and can be directly synced with your accounting platform.

● Limitations

Volopay does not have a physical branch in Australia, meaning that you have to manage all your cards and expenses online. This requires you to have all the necessary devices and employee training to do it effectively.

● How to apply

Applying for a Volopay prepaid card is done fully online—no visiting necessary. You’ll need to fill out all the required details and attach supporting documents.

Get in touch with a Volopay representative to get more information and allow them to assist you with the process.



● Overview

Weel offers reloadable virtual Mastercards to manage business expenses. Day-to-day operational and employee expenses, for example, can be controlled with Weel’s virtual cards and dashboard. 

● Features and benefits

Easily generate virtual cards from your Weel app. With your Apple or Android phone, they can be used to make in-store payments through Apple Pay or Google Pay. Virtual cards can be set for one-time payments or recurring usage.

● Limitations

The bigger your company is, the more expensive Weel gets for you because of its user add-on payment scheme.

You’ll have to pay close attention to how many users you’re adding to the platform to keep costs manageable. You also don’t get physical cards to assign to all employees. 

● How to apply

Considering that a Weel corporate card is geared toward businesses, you will need to prove that you have a business and intend to use the card for business purposes.

For this reason, an ABN is required to open a Weel account, along with personal identity details. You can sign up online to get started.



● Overview

The Wise card is an international debit card connected to your Wise multi-currency account to spend in more than 40 currencies in 170+ countries. It provides real-time currency conversion at mid-market exchange rates, making transactions cost-effective without hidden fees. Control your money easily with the Wise app.

● Features and benefits

Wise prepaid cards allow spending in more than 40 currencies abroad. Get mid-market exchange rates with no markups, low commissions, and free ATM withdrawals up to a certain limit. Get instant access to a digital card, activate spending limits, freeze/unfreeze your card, and get real-time notifications.

● Limitations

Wise only offers two free ATM withdrawals per month, after which there are fees. Funds in the account do not earn interest. The card is not provided in all countries, so check eligibility. As a prepaid card, it will not help build a credit history.

● How to apply

Sign up online or through an app for a free Wise account. Identify documents as per the requirements. Buy a digital or physical card upon identification. You can seamlessly deposit funds in your currency of choice. Activate the physical card upon receipt; digital cards are ready instantly.

● Overview

As one of the biggest card networks, you can ensure you have flexibility, convenience, and security by using a Mastercard business debit card for your payments. Debit Mastercards are accepted worldwide by a majority of merchants, making it easy for you to do business in Australia and overseas. 

● Features and benefits

Mastercard allows you to manage your business cash flow and expenses better. With the Zero Liability program, you can also ensure that your funds are protected. 

● Limitations

As a card network, you’ll have to find a Mastercard provider to be able to apply for a card for your business. This means that you’ll have to do thorough research to get the best card. Some features may not be available with some providers.

● How to apply

Get a Mastercard business debit through one of the Mastercard providers or issuers in Australia. Some providers include Citibank, Coles Mastercard, NAB, Westpac, Bendigo Bank, Qantas Money, and more.

● Overview

Westpac customers in Australia can apply for business debit cards with the bank. There is also an option to get business prepaid cards with the New Zealand branch for businesses that also operate in New Zealand.

● Features and benefits

With a debit Mastercard, you won’t have trouble getting a wide range of merchants to accept your card. 24/7 transaction monitoring ensures that suspicious transactions get flagged and are investigated as soon as possible. 

● Limitations

While business debit cards are impressive tools that can help you manage your business finances, you have to directly link them with a bank account, unlike a prepaid card. 

● How to apply

If you’re not already a Westpac business bank account customer, you can start your application online as long as you are over 18 years old and have a business operating in Australia. In some cases, however, if you have a registered company with multiple directors, you may have to apply at a bank branch.

● Overview

Airwallex offers Visa cards that can be used worldwide to manage your business expenses. You can adjust their spending limits accordingly through your Airwallex account. 

● Features and benefits

An Airwallex corporate card allows you to spend in multiple currencies with ease. You can also control your Airwallex cards through an app to set spend controls, adjust limits, and freeze cards as needed.

Direct sync with Xero is available to streamline your accounting processes. 

● Limitations

Airwallex doesn’t have a physical presence in Australia, meaning that managing your cards must all be done fully online. If the ability is important to you, keep in mind that you also can’t withdraw money with your Airwallex corporate cards.

● How to apply

Make sure that you are applying for Airwallex corporate cards for business purposes rather than personal ones. The application can be completed online and will require you to provide your company’s details as well as your own details.

Provide individual employees with dedicated cards for routine business expenses like office supplies, client meals, and professional services. These cards eliminate petty cash systems and streamline expense reporting.

Each employee receives predetermined spending limits aligned with their role requirements, ensuring controlled access to company funds while maintaining operational efficiency.

Equip traveling employees and company vehicles with specialized cards for transportation costs, accommodation, and fuel purchases. These cards often include merchant category restrictions, limiting usage to travel-related expenses only.

This targeted approach ensures business travel budgets remain controlled while providing employees with convenient access to necessary travel funds.

Distribute prepaid cards as employee incentives, client gifts, or promotional rewards. These cards enhance your company's recognition programs and customer loyalty initiatives.

Unlike cash bonuses, gift cards can include spending restrictions and expiration dates, providing controlled value distribution while maintaining professional presentation for corporate gifting and employee motivation programs.

Allocate specific budgets to individual projects or departments through dedicated prepaid cards. This approach enables precise financial tracking for distinct business initiatives, ensuring project managers stay within approved budgets.

Each card reflects allocated funds for particular objectives, simplifying cost accounting and providing clear financial boundaries for departmental spending activities.

Conduct international business transactions efficiently using cards that support multiple currencies. Best business prepaid cards offer competitive foreign exchange rates and eliminate traditional overseas transaction fees.

These cards are essential for companies with global operations, international suppliers, or frequent overseas travel requirements, providing seamless cross-border payment capabilities.

Distribute employee wages through prepaid payroll cards, which is particularly beneficial for casual workers or those without traditional banking relationships.

This payment method reduces payroll processing costs, eliminates check printing, and provides employees with immediate access to earned wages. Payroll cards offer a convenient alternative to direct bank deposits while maintaining secure payment distribution.

Access extended credit facilities through traditional corporate credit cards, enabling larger purchases and flexible repayment terms.

These cards offer rewards programs, travel insurance, and higher spending limits than prepaid alternatives.

However, you face potential debt accumulation and require strong creditworthiness for approval, making financial control more challenging than prepaid solutions.

Generate digital-only payment cards for online transactions and vendor payments without physical card requirements.

Virtual cards provide enhanced security through single-use or limited-time functionality, reducing fraud risk for digital purchases.

These solutions integrate seamlessly with expense management systems while offering instant card creation and automatic transaction categorization capabilities.

You combine payment functionality with comprehensive expense tracking through integrated expense management platforms.

These cards automatically capture transaction data, receipt images, and spending categories, streamlining your accounting processes.

Advanced features include policy enforcement, approval workflows, and real-time budget monitoring, providing superior expense oversight compared to traditional payment methods.

You link directly to your business bank account through debit cards, enabling immediate fund access without credit facilities.

Unlike Best prepaid business cards, debit cards draw from existing account balances rather than preloaded amounts.

This approach provides familiar banking integration while maintaining spending control through available account funds and established banking relationships.

Streamline procurement processes through specialized purchasing cards designed for supplier payments and bulk purchases.

These cards often include enhanced reporting features, supplier integration capabilities, and automated purchase order matching.

Purchasing cards reduce administrative overhead in vendor management while providing detailed transaction tracking for procurement accountability and supplier relationship management.

You must possess current Australian Business Number (ABN) or Australian Company Number (ACN) documentation to establish business legitimacy. Providers verify registration status through government databases during application processes.

Valid business registration demonstrates legal operating status and enables compliance with Australian financial regulations, forming the foundation for business banking relationships and prepaid card eligibility.

You typically need demonstrated business operations for at least three to six months before qualifying for business prepaid cards. Some providers require twelve months of trading history for enhanced features or higher limits.

Operating tenure requirements help providers assess business stability and reduce risk associated with newly established businesses seeking payment solutions.



You must provide comprehensive documentation, including company constitutions, partnership agreements, or sole trader declarations, to verify business ownership structure.

Directors' identification, shareholding certificates, and authorized signatory details establish legal authority for account management. Identity verification ensures compliance with anti-money laundering regulations and confirms legitimate business ownership before card issuance approval.

You may undergo a credit assessment of business directors or owners, particularly for enhanced features or higher spending limits. While less stringent than traditional credit applications, providers evaluate credit history to assess financial responsibility.

Strong personal credit standing can influence approval decisions and available card features, though prepaid solutions generally require minimal credit checks.

You might need to demonstrate a minimum annual turnover ranging from $50,000 to $100,000, depending on the provider and card features desired. Revenue requirements help providers assess business viability and appropriate service levels.

Best business prepaid card providers often adjust eligibility criteria based on business size, industry sector, and requested card functionality for risk management purposes.

You must provide GST registration details if your business turnover exceeds the mandatory registration threshold of $75,000 annually. GST-registered businesses access enhanced reporting features and tax-compliant transaction categorization.

This registration demonstrates compliance with Australian tax obligations and enables providers to offer appropriate business-grade services aligned with regulatory requirements.

You must meet Anti-Money Laundering and Counter-Terrorism Financing Act requirements through comprehensive due diligence processes, including beneficial ownership disclosure and source of funds verification.

Compliance ensures your business adheres to Australian financial regulations, enabling legitimate payment processing while preventing illegal activities. Regulatory compliance forms the basis for ongoing business banking relationships.

You must provide current Australian Business Number (ABN) or Australian Company Number (ACN) certificates as primary business identification. These documents verify your business's legal registration status with Australian authorities.

Providers cross-reference registration details through government databases to confirm business legitimacy and ensure compliance with regulatory requirements for prepaid card issuance.

You need to submit foundational business documents, including company constitutions, partnership agreements, or sole trader declarations, depending on your business structure.

Trust deeds, shareholder agreements, and memorandums of association may be required for complex structures. These documents establish ownership structure, operational authority, and legal framework governing your business operations and decision-making processes.

Provide government-issued identification for all directors, partners, or business owners, including driver's licenses, passports, or identity cards. Additional verification may include utility bills or bank statements confirming residential addresses.

Identity verification ensures compliance with Know Your Customer requirements while establishing authorized personnel for account management and card administration responsibilities.

You need current business address verification through commercial leases, property ownership documents, or utility bills addressed to your business premises.

Providers of the best prepaid business cards require confirmed business locations for risk assessment and regulatory compliance. Address verification establishes your business's physical presence and supports anti-money laundering obligations required under Australian financial regulations.

You should provide recent financial statements, profit and loss reports, or bank statements demonstrating business financial activity and stability. These documents help providers assess business viability, transaction patterns, and appropriate card limits.

Financial records support risk evaluation while demonstrating legitimate business operations and revenue generation for prepaid card application approval.

You must submit GST registration certificates if your business turnover exceeds mandatory registration thresholds, along with recent tax returns or business activity statements.

Tax compliance documentation demonstrates regulatory adherence and supports enhanced card features. GST registration enables appropriate transaction categorization and reporting capabilities for business expense management and tax compliance requirements.

You may need to provide employee lists, payroll records, or organizational charts when requesting multiple cards for staff members. These documents establish legitimate business operations and justify card quantity requests.

Employee documentation supports risk assessment while ensuring appropriate card distribution aligned with genuine business needs and operational requirements across your organization.

You might require supplementary documentation, including industry licenses, professional certifications, or regulatory permits, depending on your business sector and chosen provider requirements.

Some providers request references, banking relationships, history, or detailed business plans. Provider-specific requirements ensure comprehensive risk assessment while supporting specialized business needs and regulatory compliance across different industries.

Distribute cards strategically based on employee roles, responsibilities, and spending requirements. Consider department needs, travel frequency, and purchase authority levels when making assignments.

Clear assignment protocols ensure appropriate card distribution while maintaining accountability through designated cardholders who understand their spending responsibilities and expense reporting obligations within your organizational structure.

Establish customized spending limits reflecting individual job functions, seniority levels, and operational requirements. Senior executives receive higher limits than junior staff, while department-specific needs determine appropriate spending parameters.

Role-based limits prevent unauthorized purchases while ensuring employees have access to sufficient funds for legitimate business expenses aligned with their responsibilities and authority levels.

Implement approval workflows requiring manager authorization for expenses exceeding predetermined thresholds. Multi-level approvals ensure larger purchases receive appropriate oversight while maintaining operational efficiency for routine expenses.

Automated approval systems streamline processes while providing necessary controls for significant expenditures, protecting your business from unauthorized spending and ensuring proper expense authorization.

Track all card activities through real-time notification systems and comprehensive dashboards displaying current spending patterns. Best business prepaid cards offer instant alerts for unusual transactions, spending limit approaches, and policy violations.

Continuous monitoring enables quick response to suspicious activities while providing immediate visibility into company-wide expense activities and spending trends.

Conduct systematic reconciliation processes comparing card statements with receipts, invoices, and expense reports. Regular audits identify discrepancies, ensure policy compliance, and verify expense legitimacy.

Consistent reconciliation practices maintain accurate financial records while detecting potential fraud or misuse, supporting proper accounting procedures and regulatory compliance requirements for your business operations.

Leverage comprehensive reporting dashboards to analyze spending patterns, identify cost-saving opportunities, and track budget performance across departments. Advanced analytics reveal expense trends, vendor spending concentration, and policy compliance rates.

Dashboard insights support informed decision-making while enabling proactive expense management and strategic planning for future business operations and budget allocation.

Evaluate spending limits quarterly or when business needs change, adjusting parameters based on employee performance, role changes, or operational requirements.

Regular reviews ensure limits remain appropriate for current business activities while preventing unnecessary restrictions or excessive permissions. Periodic adjustments maintain optimal spending control while supporting business growth and operational flexibility.

Manage card lifecycle through systematic revocation procedures for departing employees and reassignment protocols for role changes. Immediate card deactivation prevents unauthorized usage while reassignment ensures continued business operations.

Clear procedures protect company funds while maintaining operational continuity during staff transitions, ensuring appropriate expense management throughout organizational changes, and employee lifecycle management.