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Product Updates: Merchant cards are here

Product Updates
Virtual Cards
Global Payments
By
Karolina Jarosinska
|
May 24, 2024

We keep adding new features to the portal to help you streamline card payments & management as well as reporting. The biggest new addition are merchant cards that will allow even greater visibility and control over online spending. See below for details of what’s changed.

Merchant cards

What are merchant cards?

Merchant cards work just as any other virtual cards on Fyorin portal - you can create them directly from the dashboard, set limits and controls, however they come with one extra feature - they are restricted to a specific merchant or a merchant category. This gives you extra control over the pre-approved budget and the visibility of the spend with the specific vendor. Assigning payments to specific cards will also speed up the reconciliation process for the finance team and free up their valuable time

How can I use them?

Merchant cards are a game-changer for marketing agencies working with Google, LinkedIn, Facebook and other similar platforms for media buying. They can also be used for subscriptions and hosting. The best part is, just as with any other Fyorin card, you’re eligible for a cash rebate every time you spend so you can effectively turn costs into earnings.

Other updates to Fyorin Platform

Due date payment filter

Never again miss a payment. Filter payments by the due date to expedite them even faster.

Schedule multiple reports

Scheduling reports and getting them delivered directly into your inbox can greatly reduce the amount of manual work you need to do. Now, you can schedule multiple reports and get them delivered at your desired frequency from the reports tab.

We continuously add new features and improvements to the platform and have some big announcements coming soon so keep an eye on our LinkedIn profile or subscribe to our newsletter and be the first one to find out about the launches!

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Karolina Jarosinska
Product Marketing Manager
linkedin
Karolina is the product marketing manager at Fyorin. She deep dives into topics like fintech, payments, unified treasury to extract the recent trends and insights and bring them to Fyorin's audience.

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