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Quick answer: Wallet-funded business cards are virtual cards you issue to employees, contractors, or departments, funded directly from your OnlineCheckWriter wallet balance. You set the spending limit and merchant restrictions on each card, and you can freeze or cancel it instantly, without sharing your main bank account or a single company credit card.
Key Takeaways
Each card draws from your OnlineCheckWriter wallet, not your bank account directly, so your main account stays protected.
You set spending limits, merchant restrictions, and an expiration date per card, then freeze or cancel any card instantly.
Cards work with Apple Pay and Google Pay for contactless spending.
Your wallet itself is funded from a bank account using ACH or wire transfer – set that up first.
Why Businesses Use Wallet-Funded Cards
Handing out one shared company card, or adding every employee to the business bank account, makes it hard to know who spent what until the statement arrives. Wallet-funded cards solve that. Each person or department gets their own card, capped at a limit you set, so you see spending as it happens instead of reconciling it after the fact.
How Wallet-Funded Business Cards Work
- Fund your OnlineCheckWriter wallet from your bank account, using ACH or wire transfer. See how to fund your wallet.
- Issue a virtual card from your wallet balance.
- Set a spending limit, merchant restrictions, and an expiration date for that card.
- Assign the card to an employee, contractor, or department.
- Add the card to Apple Pay or Google Pay for contactless spending, or use the card number directly.
- Freeze, cancel, or adjust the limit at any time from your dashboard.
Spending Controls You Can Set on Each Card
- Spending limit – cap how much a card can spend.
- Merchant restrictions – block specific merchants or categories.
- Expiration date – set a card to stop working after a certain date.
- Instant freeze or cancel – turn a card off immediately if it is lost, no longer needed, or misused.
Security Features
- Real-time transaction monitoring flags unusual activity.
- Each card carries its own unique card number, separate from your main account details.
- Apple Pay and Google Pay use tokenization, so your card number is not shared with the merchant.
- The mobile app supports fingerprint or face unlock on devices that support it, as an extra layer of protection.
- You can freeze or replace a card instantly from your dashboard if you suspect a problem.
Ready to Issue Wallet-Funded Cards?
Fund your wallet with ACH or wire, then create wallet-funded cards for your team with the limits you choose.
Wallet-Funded Cards vs. a Shared Company Card
- Shared company card: one card number, one login, spending mixed together, hard to trace who spent what until the statement arrives.
- Wallet-funded cards: one card per person or purpose, its own limit, spending visible as it happens, and you can freeze one card without affecting any other.
Frequently Asked Questions
Do I need to fund my wallet before issuing a card?
Yes. Wallet-funded cards draw from your OnlineCheckWriter wallet balance, so fund your wallet from your bank account first, using ACH or wire transfer.
Can I set a different spending limit for each card?
Yes. Each card you issue can have its own spending limit, merchant restrictions, and expiration date.
What happens if a card is lost or no longer needed?
You can freeze or cancel it instantly from your dashboard. Freezing one card does not affect any other card on your wallet.
Can employees use these cards with Apple Pay or Google Pay?
Yes. Each virtual card can be added to Apple Pay or Google Pay for contactless spending.
OnlineCheckWriter.com – Powered by Zil Money, is a financial technology company and not a bank. Banking services are provided by our partner bank, Member FDIC. FDIC insurance applies only to eligible products associated with those that have funds held in accounts at the partner bank, subject to applicable limits and requirements.