{"id":1341,"date":"2021-02-16T15:32:00","date_gmt":"2021-02-16T10:02:00","guid":{"rendered":"https:\/\/open.money\/blog\/?p=1341"},"modified":"2023-07-05T14:57:10","modified_gmt":"2023-07-05T09:27:10","slug":"how-to-manage-online-subscriptions-with-business-virtual-cards","status":"publish","type":"post","link":"https:\/\/open.money\/blog\/how-to-manage-online-subscriptions-with-business-virtual-cards\/","title":{"rendered":"How to manage online subscriptions with Open’s business virtual cards"},"content":{"rendered":"

Have you ever wondered why business virtual cards have become a smarter alternative to manage your online subscriptions? Let me break it down for you!<\/span><\/p>\n

Since all industries today have a digital footprint, it includes businesses signing up for online subscriptions. But managing multiple subscriptions is no less a challenge even now!<\/span><\/p>\n

Haven’t tried out the virtual way yet? I<\/span>\u00a0suggest you make the switch to Open\u2019s business virtual cards<\/a> for\u00a0managing business subscriptions.<\/span><\/p>\n

What are the challenges in managing online subscriptions?<\/b><\/span><\/h2>\n

(1) <\/span>Using one credit card to pay creates confusion<\/b><\/span><\/h3>\n

If you own a small business, then you probably rely on a single credit card to pay for your online subscriptions. And tracking payments for all of them is challenging. To say the least!<\/span><\/p>\n

(2) Check<\/strong><\/span>\u00a0credit card statements to reconcile payments<\/b><\/span><\/h3>\n

You\u2019re billed monthly or annually for every online subscription service. And with just one credit card, you will have to run through your statements every month to ensure that you don\u2019t miss any payments<\/a> or cancel a free trial before it turns into a paid subscription.<\/span><\/p>\n

(3) <\/span>Easily lose track of money spent on online purchases<\/b><\/span><\/h3>\n

Utilizing the same credit card for tasks like running ads across digital media is chaotic. As charges vary based on the medium and the duration, this may lead to incurring impending costs, which may eventually add up to excessive budget cuts.<\/span><\/p>\n

Here’s where Open’s virtual cards come to the rescue. But before I tell you all that they can do for your business \u2014 let’s first understand:<\/span><\/p>\n

What are virtual cards?<\/b><\/span><\/h2>\n

A virtual card is a digital card that can be generated instantly. Once you create it,\u00a0 instead of using physical cards to make online purchases, you can switch to virtual cards to do the same. And since each virtual card has a designated owner or can be created to pay for a specific service, you can track & view payments made for online business subscriptions easily.\u00a0<\/span><\/p>\n

Here’s where Open’s virtual cards shine! <\/span>They are the best alternatives to physical cards that you use to swipe & make payments. Just create an Open virtual card within minutes and get started. Spend, track & reconcile payments without any inconvenience, and view all the transactions from a single dashboard. Open\u2019s virtual cards are definitely the need of the hour as they deliver more control over business spends.\u00a0\u00a0<\/span><\/p>\n

Why are Open’s business virtual cards the best alternative to manage online subscriptions?<\/b><\/span><\/h2>\n