Is Wallester Suitable for Your Business? An Overview of the Corporate Finance Management Platform
Wallester has become a popular platform for corporate finance management and white-label payment card issuance. It is developing rapidly, improving its functionality, and increasing the list of partners. Do you want to join its users? Then read our latest review, in which we will analyze the advantages and disadvantages of Wallester card issuing platform.
What Is Wallester?
Wallester is an Estonian fintech company that is an official VISA partner and BIN sponsor with the right to automatically issue payment cards. The company operates across the European Economic Area (EEA) and the UK, but its products are valid in all regions of VISA’s presence, i.e. almost all countries worldwide.
Wallester’s business activities include:
● Card issuing;
● Payment processing;
● Expense management.
The company focuses on the corporate sector, allowing large businesses to manage their financial activities in real time. However, its portfolio also includes products for small startups that facilitate accounting and allow entrepreneurs to focus on key activities.
The company’s flagship product is the Wallester Business platform, available as a web interface and mobile application. It has the functions of issuing virtual and physical cards, uploading paper documents to the accounting system, setting up rights to use corporate finances, and managing budgets.
Wallester Key Features
1. Corporate Card Issuing
One of Wallester Business standout features is the ability to open new cards within minutes. The number of virtual corporate cards ranges from 300 to 15,000 depending on the chosen tariff plan, and the number of physical plastic cards is unlimited. Instant approval of requests for new payment instruments will be useful for dynamic industries, such as media buying, reselling, and auctions. The cards can be integrated with mobile payment systems such as Apple Pay and Google Pay, making them convenient and functional.
2. Expense Control and Budget Management
The platform’s user-friendly interface allows anyone to receive comprehensive information about the state of corporate finances and the areas of their use. The dashboard will give you answers to the questions of who, how, when, and why the company spends money. Wallester Business also offers powerful budgeting tools to set limits on individual transactions, block specific vendors, and track all expenses in real time. On the other hand, the platform doesn’t slow down payments, as you can create whitelists to automatically approve transactions without additional checks.
3. Integration with Accounting Software
Wallester Business offers an open API in its top pricing plans. It allows you to establish a mutual exchange of information with popular accounting applications. The platform can receive data for salary payments and settlements with partners, as well as export transaction data and generate detailed financial reports.
4. Security and Compliance
Wallester is authorized to provide financial services by the Estonian Financial Supervision and Resolution Authority and is an official high-level partner of VISA. The company prioritizes security by offering 3D Secure protection for all online transactions. It complies with the PSD2 directive, uses Know Your Customer (KYC) authorization, and supports real-time fraud monitoring.
Wallester Business Pricing Plans
The company offers several subscription levels that cover all levels of business, from new startups with 5-10 employees to large-scale corporations with thousands of jobs.
Free Plan
● 300 virtual payment cards;
● Unlimited number of physical cards;
● Transaction categorization;
● Customization of white-label cards;
● Basic budgeting tools;
● Manual approval of transactions.
Premium Plan
● €199 per month;
● 3,000 virtual payment cards;
● Unlimited number of physical cards;
● Extended control over employee expenses;
● Creation of white lists of safe counterparties;
● Reminders to scan invoices.
Platinum Plan
● €999 per month;
● 15,000 virtual payment cards;
● Unlimited number of physical cards;
● Detailed analytics, interactive dashboard;
● Dedicated account manager for tailored support.
Enterprise Plan
● Individual conditions;
● Unlimited number of cards;
● API access;
● Personalized contracts;
● Assistance with integrating ready-made and custom software.
Pros and Cons of Wallester
| Pros | Cons |
|---|---|
| Flexible card issuance. The platform allows you to issue an unlimited number of cards, customize them, and close them in a matter of minutes. It is convenient for businesses that change the scope of their activities depending on the number of ongoing projects. | Limited currency options. The platform automatically selects the most profitable conversion methods, but this may not be very convenient for users from outside the EU. |
| Real-time expense tracking. The system provides the manager with a comprehensive overview of the current financial situation and enables them to track its changes. This makes transactions transparent and controlled. | Custom built-in integration. Some integrations, like white-label, are custom and require access to the platform’s API. |
| Competitive pricing. Wallester’s solution is one of the most affordable in the market. This applies to traditional banking and the services of other fintech companies. One of the platform’s key advantages is the complete absence of hidden fees and commissions. | |
| White-label solutions. The ability to issue branded VISA cards that improve the company’s reputation and make the business recognizable. | |
| Security. Multi-level protection ensures all transactions are safe and comply with current compliance standards. |
Conclusion: Is Wallester Exactly What Your Business Needs?
Wallester is a multifunctional corporate finance management solution. The platform is easily scalable, supporting the development of your company from a small startup to an international corporation. It offers flexibility in card issuance, competitive pricing, and robust security. The user-friendly interface of the web version and the mobile application allows you to understand all the features quickly and fully realize their potential. It is worth noting that the company is working to eliminate the platform’s shortcomings, so we may soon see multi-currency accounts relevant outside the EU and ready-made solutions for integration with popular software in the corporate segment.
