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Disclosure: I work at Bento for Business. Sounds like a perfect use case for our virtual cards! Our API lets you create virtual cards with custom controls (ma

Disclosure: I work at Bento for Business. Sounds like a perfect use case for our virtual cards! Our API lets you create virtual cards with custom controls (max dollar amount, days active, category, card on/off) from a bank account that can be funded via ACH. Although the money is kept in a central deposit for your business, each card can have part of the money allocated for purchases and be controlled with our API (https://apidocs.bentoforbusiness.com/ https://apidocs.bentoforbusiness.com/). This allows you to easily track expenses at an individual card level. Let me know if you have any questions. You can reach me @ api-support@bentoforbusiness.com.

unicornication 7y ago
Hi! Thank you for the reply :-) I stumbled across Bento - the fact that it was based off a central deposit system means we need a high degree of liquidity 7 days in advance? We are interested in a way to acquire and spend customer funds in near real-time. If Bento had a service that masked customer card information with a virtual card and charged something like 1% with a cap, that would be ideal!
- BentoPayments 7y ago
  Normally, ACH transfers will be available in 2-3 business days after the process has been initiated by your bank or our application. Although we don't have a service to proxy card information, we're able to receive wire transfers from your bank account and funds will be made available same or next business day. This can help with same-day liquidity. Bento does not charge fees for inbound transfers but your financial institution may and we recommend checking their transfer fee schedule. --- Transfer Funds options: https://support.bentoforbusiness.com/hc/en-us/articles/212804126-Ways-to-Transfer-Funds https://support.bentoforbusiness.com/hc/en-us/articles/21280... Auto-reload based on low-balance and periodic reloads: https://support.bentoforbusiness.com/hc/en-us/articles/212811546-Automatic-Transfers https://support.bentoforbusiness.com/hc/en-us/articles/21281...

unicornication 7y ago

Hi! Thank you for the reply :-) I stumbled across Bento - the fact that it was based off a central deposit system means we need a high degree of liquidity 7 days in advance? We are interested in a way to acquire and spend customer funds in near real-time. If Bento had a service that masked customer card information with a virtual card and charged something like 1% with a cap, that would be ideal!

BentoPayments 7y ago
Normally, ACH transfers will be available in 2-3 business days after the process has been initiated by your bank or our application. Although we don't have a service to proxy card information, we're able to receive wire transfers from your bank account and funds will be made available same or next business day. This can help with same-day liquidity. Bento does not charge fees for inbound transfers but your financial institution may and we recommend checking their transfer fee schedule. --- Transfer Funds options: https://support.bentoforbusiness.com/hc/en-us/articles/212804126-Ways-to-Transfer-Funds https://support.bentoforbusiness.com/hc/en-us/articles/21280... Auto-reload based on low-balance and periodic reloads: https://support.bentoforbusiness.com/hc/en-us/articles/212811546-Automatic-Transfers https://support.bentoforbusiness.com/hc/en-us/articles/21281...