When using Pleo, all card holders draw from a central pool account, the Wallet. This means you don't have to worry about allocating funds to individual cards as long as the company wallet is funded.
If you’d like, you can also set spending limits so you feel more in control of your funds. Limits can always be adjusted.
To set spending limits, follow these steps:
Click on People
Click on the selected user you wish to add or update limits
Select the limits tab at the top of the pop up on the right hand side of the screen
Here you will be able be able to set the limits of this user that will come into effect immediately.
You can set two types of spending limits:
Card limit: This can be monthly/total/no limit is the cap on the amount a user can purchase for.
This is a "soft limit" meaning that if the amount of the previous transaction is under this limit, the next transaction will go through, even if it exceeds the limit.
Limits per purchase, as the name suggests, refers to setting a limit on any given single purchase. This means that any transaction(s) over this limit is automatically declined.
Good to know
All cards (physical and/or virtual) that belong to a member are disabled when limits are reached.
Cards with monthly spending limits are re-enabled at the beginning of each calendar month.
Cards with total spending limits are re-enabled if the spending limits are increased or reset manually by an administrator or manager.
Besides card spend limits, you can also set up a review process for expenses over a certain threshold.
The personal limits of a user outlined in this article are only applicable to the Team and Business Plan. For more information about the plans please have a look here.