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This sounds awesome—I would definitely consider this for our business that requires a lot of loaning out debit cards, remembering who last had one, and bugging
by cypherpunks01 11y ago
This sounds awesome—I would definitely consider this for our business that requires a lot of loaning out debit cards, remembering who last had one, and bugging people for receipts.
How does this interact with our bank account, and will it work with any account? Does it replay debit purchases 1:1 that we'd see on our bank statement, or are charges bundled somehow?
Our accountants say we should be building business credit and we are considering getting an AMEX card for partially that reason. There's no plan to have any sort of credit involved with Dash, I imagine?
- rweidenmiller 11y agoYou open a Dash account and link up to three bank accounts. It flows it simply work like a debit purchase. If you need to build credit, you should look at a credit solution, but presumably not every employee gets a credit card or you may not want to do card sharing, for that, Dash is great. We are fortunate enough to have some strong partners in fintech and are exploring credit options, but nothing commercially available at this time. (Disclosure: I am a founder here)
- pbreit 11y agoA modern company/corporate card sounds like a terrific idea. I wonder about the debit model both with its lower interchange revenues as well as company preference for post-pay (like Amex corp cards)?
- eonw 11y agoyou opted to do all this via debit versus credit? interesting choice, i think i would have gone after credit first, as many places charge fees on debit transactions and also have minimum transaction amounts. how does KYC play into all of this? how are you preventing your customers from issuing cards in ways that may violate KYC?