Whether you’re a small business looking to simplify your payments or an enterprise looking to scale up, Wallester’s services could tick your boxes.
What is Wallester?
Wallester has two main strings to its bow. The first is that it’s a payments card and financial solutions provider. The second is that it’s a “white label” provider of fintech services.
For small businesses looking to get on top of expenses, Wallester provides services such as employee expense cards, an expense management system, real-time payment tracking and accounting integrations.
Meanwhile, its “white label” solution means it can provide everything “under the hood” for an online financial services company or digital marketplace to operate effectively. These companies can then put their branding on top of these services and applications.
How does Wallester work?
With a Wallester Business account, you can issue virtual and physical cards to employees and set individual limits. The basic account allows an unlimited number of users and sub-accounts.
To make things simple to track, the expense management system has automatic spending categorisation, real-time notifications and reminders. You can also integrate it with your existing accounting systems.
Wallester’s “white label” solution offers a suite of technical and security services, like application programming interfaces (API), fraud monitoring and branded card issuance. For example, it can provide the app that an online-only bank’s customers use to manage their accounts, make and receive payments and categorise their spending.
Is Wallester suitable for your business?
If you’re a small business or a mid-size enterprise looking for a free expense management solution, then Wallester has no set-up or monthly fees. It’s easy to get set up and start issuing cards and the platform allows for multiple sub-accounts to help you keep organised.
If it’s Wallester’s “white label” services you’re looking at, it’s good to know they aren’t just for those in banking. It offers payment tools and services across a range of business sectors, including:
Peer-to-peer loan providers
E-commerce marketplaces
Travel agencies
Gift and reward card providers
Membership and loyalty card schemes
Insurance companies
Online advertising
Streaming platforms
Expense management
Is Wallester safe?
Wallester provides a range of services designed to make payment processes more secure. These include ‘know-your-customer’ (KYC) and anti-money laundering (AML) systems. So, it’s a fair bet they take their customers’ security seriously.
Our verdict: Is Wallester any good?
As an easy-to-set-up business platform, Wallester ticks a lot of boxes; no monthly or set-up fees, unlimited sub-accounts and easy card issuance. Plus, the ability to customise your cards and issue as many physical cards as you like. What you may find though is that some of its best features are only on its paid-for plans.
If you’re more interested in a one-stop shop to get your company up and running quickly, Wallester offers a wide range of digital and physical card services safely and in a way that offers convenience to your customers.
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Kate Steere is an editor at Finder, specialising in fintech, banking and cryptocurrency. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio
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Kate has written 140 Finder guides across topics including:
Nick Renaud-Komiya has been a writer and reporter for nine years, covering a range of consumer issues from energy suppliers to banking and mortgage issues. He enjoys helping people take control of their personal finances and better understand their consumer rights. Nick’s consumer writing and money journalism has been featured in a range of outlets including MoneySavingExpert.com, The Sunday Mirror, The Independent and Money.co.uk. Outside of work Nick enjoys cooking and collecting old David Bowie merch. See full bio
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