Bento is a new startup that aims to work as a credit card alternative that you can swipe as a credit card.
If a merchant asks “credit or debit?” it’s ok to say credit, and because it is a business prepaid debit card there’s no credit risk since the card is funded with cash from your bank account.
How It Works:
After you sign up, you connect your bank account and safely transfer funds into your Bento account. All of the Bento cards use the same account, so you don’t have to move money between people/card accounts.
The business owner or unlimited number of other admin’s can set spending controls for each card, and can create additional cards at any time by logging into Bento.
Cards are mailed to the business owner immediately after they are created in Bento. Your first card is created and mailed to the business owner immediately after signing up, and is in the business owner and company’s name.
The business owner must activate all cards before giving them to employees.
Best Part Is
Bento is not a traditional bank account; there is no Bento account number or Bento routing number.