CardUp is a first-of-its-kind online payment service that enables businesses to use credit cards for business expenses, even if the recipient doesn't accept cards. For example commercial rent to a landlord, supplier invoices to vendors that do not accept cards, insurance payments and more.
CardUp processes card payments and delivers them to the recipient via bank transfer within 3 business days (to recipients that have a bank account with one of the banks participating in the FAST network*). Recipients do not need a CardUp account to receive funds.
By using CardUp, businesses improve cash flow by utilising the interest-free credit line on their credit card. In addition, businesses earn rewards such as miles or rebates from their card issuer on expenses they would not have got rewards on previously.
* Please click here to check whether a bank is a member of the FAST network.