Payment Processing Fees Guide for the UK
Understand payment processing fees in the UK. Explore types, costs, and how to choose the best payment solutions for your business.
Looking for easier ways to manage business expenses? It can be a real headache trying to keep on top of receipts, approvals and reimbursements, especially if you’re a large company with lots of employees.
The solution could be dedicated expenses cards for daily business spending, linked to tools and software to make cash flow management more straightforward.
In this guide, we’ll take a look at the Allstar Expense Card and what it can offer UK businesses. This includes features, and an alternative: Wise Business, which could be a better fit for your company.
So, let’s get started.
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Allstar Business are specialists in expenses, fuel and other credit card solutions to help with corporate expense management. It offers a full range of expense cards for different business needs. For example, there’s also the Allstar One Fuel Card, Allstar Supermarket Fuel Card and the ‘all in one’ Allstar Plus Card.
The company has an average rating of 2.9 out of 5 on Trustpilot¹, with users having had mixed experiences with applications for Allstar’s cards and dealing with the company’s customer service team.
Some business owners have praised the speed and efficiency of the Allstar service, especially when it comes to increasing credit limits or resolving account issues quickly. Others have had a less positive experience, with problems getting through to the customer service team or concerns over unexpected costs.
The Allstar Expense Card is a Visa designed for day-to-day business expenses, such as office supplies or stock. It comes with lots of features, including an expense reporting system and adjustable spend limits.²
It all helps to reduce admin, give you more control and streamline expenses management. And of course, to make it easier for your employees to make essential purchases when they need to.
To apply for it, you’ll need to visit the Allstar website and arrange a callback.² This is unlike the company’s other cards, which you can usually apply for online.
If you’re interested in all of the above benefits, but for managing corporate expenses and cash flow on an international scale, check out the multi-currency Wise Business account.
Here’s what’s on offer with the Allstar business expense card²:
Allstar Business Solutions doesn’t have a list of costs and fees for its expense cards available on its website.
However, you can complete this form to request a copy of the most recent Allstar Standard Charges sheet.³ A member of the company’s customer service team will get back to you to discuss your requirements and give you up-to-date costs.
If you’re interested in getting dedicated expense cards for employees in your company, Allstar Business isn’t the only option out there.
You can also manage everyday business expenses easily with a Wise Business account. Read on to find out more about how Wise works, and how it compares to other providers like Allstar.
When you open a Wise Business account online, you’ll have access to a full range of tools to help you manage international cash flow. You can pay multiple international invoices at a click, send money overseas and get paid faster by international clients - all with the real, mid-market exchange rate.
What’s more, you can get Wise expense cards for your employees, for just a tiny one-off fee. Some useful features Wise Business offers for the expense cards:
It’s easy to manage and a real-time saver, cutting out the admin while keeping you in full control.
Get started with Wise Business
When choosing employee expense cards, cost is likely to be at the top of your priorities list. Unfortunately, it's not possible to compare direct fees as Allstar does not disclose these, and they a4e only available via enquiry. However, Wise has clear and transparent pricing upfront.
Service | Fee |
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Issue card fee | £3 one time charge per card |
Monthly user fee | None |
Currency conversion | Variable fee from 0.41% + fixed fee between £0,20 and £4,40 |
Cash withdrawals | Up to £200 a month - free Over £200 - 1.75% + £0.50 |
Open a Wise Business account and you’ll find that international cash flow management becomes much easier almost immediately.
From one powerful online account, you can manage your company’s finances in 50+ currencies, get local bank details in 9 currencies and send money worldwide whenever you need to. You can pay bulk invoices in a click, connect all your smart business tools - such as Xero or Quickbooks - and stay in control of employee spending in real-time.
It’s essentially business banking, but without the high rates and hidden charges. There are no worries about fees with Wise, since all pricing is clear, upfront and easy to understand.
💡 Find out more about how Wise for Business works. |
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After reading this guide, you should have a better idea of how the Allstar expense card works and whether it could be a good fit for your company.
Remember though that there are plenty of other solutions out there. It’s important to compare features and fees carefully, and find the one that offers the most attractive benefits for your business.
Sources used for this article:
Sources checked on 26-09-2022.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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