Learn more about fuel cards
Fuel cards work like credit cards, but only for buying petrol, diesel, AdBlue and a few other essentials. They log your receipts for you and save your employees from carrying cash or using their own bank accounts. They are for companies and sole traders, but not for personal use. Some fuel cards are for one brand only, others let you buy from several companies.
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Receipts and driver expense claims are a thing of the past
Fuel card transactions are logged electronically and you can see them within minutes in your account portal.
You pay for the whole company’s fuel with a single invoice each week, so you never have to log receipts or reimburse driver expenses individually again.
Get invoices ready-made for reclaiming VAT
Revenue approved invoices present data in the right format so reclaiming your VAT is a breeze.
You can also download all your company’s fuel purchases in a spreadsheet and insert them into your accounting system.
Help your drivers use less fuel
You can sort or filter fuel purchases by driver, location or amount. Compare the totals with the time your drivers spend on the road or the miles they have done.
Is one driver using more fuel than the others? He might leave the engine idling or be prone to speeding. Or it might be high time you got his gas-guzzling vehicle serviced or even replaced.
Deal with suspicious spending
You can set up alerts to monitor spending patterns. Unusually large purchases, or lots of uses of the same fuel card in a short amount of time, trigger an email or app alert so you can look into them.
You can match each fuel card to a vehicle registration if you need to. This means the fuel station will only allow the card to be used to buy fuel for that specific vehicle.
Keep your drivers and money safe
Fuel cards are safer for your drivers. On long distance journeys, and for all heavy-duty vehicles, carrying enough cash to refill tanks is risky.
Fuel cards are PIN protected so you can cancel them if they are lost or stolen.
Get fuel discounts
All fuel cards have different pricing tariffs, but there’s always a card that will save your company money.
Do your drivers use diesel or petrol? Do they fill up at the local station or travel along major trunk routes? Are you particular about which brands of fuel your vehicles use? Whatever your answers, iCompario can help find a fuel card that will save you money.