Home » today » Business » Pros and Cons – Forbes Advisor Germany

Pros and Cons – Forbes Advisor Germany

If your company wants to issue its employees their own cards for customized spending, manage expenses, or even develop a financial app, Wallester could be the solution.

The Estonian fintech company offers VISA prepaid and debit cards with company branding and customizable spend management tools. Find out more in our test report.

Advantages

  • Prepaid, credit and debit cards (in physical or digital form)
  • Fully customizable
  • Free plan

Disadvantages

  • App integrations must be tailored
  • The best features are reserved for paid plans

Prices start at

Free for up to 300 virtual cards

Locksmith services

White label cards, expense management, financial app creation

Account types

Free, Premium, Platinum, Enterprise

Contents

Show more
Show less

Key Features

  • Issuing physical and virtual “white label” cards
  • Cost management solutions
  • Various plans including free options
  • Creation of apps

Wallester solutions

Wallester is an Estonian fintech company founded in 2018.

It offers businesses a range of customizable payment solutions such as: B. white label card issuance, expense management and app creation.

White label cards

Wallester Business offers customized debit and prepaid cards on behalf of business owners, using each company’s branding and design.

Companies may issue their own cards for various reasons, such as: B. to introduce a loyalty card, create a gift card system or provide employees with an expense card with a company logo.

Smaller fintechs and other financial services providers can also launch their own consumer credit and debit card offerings through a white label issuer such as Wallester.

Wallester’s cards can be used anywhere in the world where Visa is accepted and can be integrated with mobile wallets such as Apple and Google Pay.

The cards can be issued in both physical and virtual form.

White label mobile applications

Wallester also offers white-label mobile apps that work with the cards. Each app is:

  • Display of cardholders’ current balance and recent transactions
  • Expense notifications
  • Blocking lost cards
  • Activate or deactivate contactless payments.

Expense management solutions

Wallester could also be an option when it comes to operational cost management.

Credit cards (as well as debit and prepaid cards) are also available as part of the white label service. Spending limits and card usage can be customized to the user and spending can be restricted to specific categories or retailers.

Through the accompanying expense management app, cardholders receive push notifications every time they make a purchase, reminding them to capture physical receipts for easier overview.

The app notifies business owners when a spending card has been used, allowing them to check their employees’ spending in real time.

Wallester’s expense management app integrates with existing accounting systems via its API (Application Programming Interface), so you’ll need API experience to get things up and running.

Who is Wallester suitable for?

Wallester can be a suitable option for businesses looking to create their own prepaid and debit cards. Credit cards are also available as part of the white label service.

According to Wallester’s website, companies across a variety of industries use Wallester’s tools, including:

  • Lenders and credit card providers
  • E-commerce platforms and physical retailers
  • Travel agencies
  • insurance company
  • Streaming platforms.

Walterse’s expense management tool could be particularly useful for companies that require a large number of employee expense report cards.

Unlike traditional corporate credit cards, Wallester allows businesses to customize cards with preset spending parameters, which could make spending policies more transparent.

Wallester Pricing

Wallester offers four different plans, all of which include:

  • How to use the Wallester app to track expenses
  • Online-Chat-Support
  • Option to export data to Excel, CSV or PDF format
  • Integration with accounting software (via Wallester’s API)
  • Unlimited number of physical cards (a fee of 20.40 euros per card applies).

Free plan

With Wallester’s free plan, businesses can request up to 300 virtual cards.

Premium-Tariff

For 204 euros per month, Wallester’s premium plan includes up to 3,000 virtual cards. Additional virtual cards can be added for 0.22 euros per card per month.

Platin-Plan

Wallester’s Platinum tariff costs 204 euros per month. It includes up to 15,000 virtual cards, and additional cards can be added for 10 cents per card per month.

The Expenses app also offers improved functionality at this tier.

You’ll receive automatic reminders about missing documents like invoices and receipts and can view more detailed spending analysis.

At this stage, customers are connected to a dedicated account manager.

Corporate Suite

Wallester also offers customized business solutions for larger companies.

Prices are available upon request.

How to set up at Wallester

Wallace’s business solutions are tailor-made.

To get started, you need to contact the sales team directly. This can be done using the online contact form.

You will be asked to enter some contact information, information about your company, and a summary of your goals.

Is Wallester safe?

Wallester is regulated by the Estonian Financial Supervisory Authority and is authorized to provide payment services and issue payment cards in countries such as the United Kingdom.

The company’s cards are compatible with the Visa payment network, which uses the most advanced security protocol – 3D Secure – to protect cardholders from fraudulent transactions.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.