Whether your business has a few vehicles or hundreds, you have to make a decision how to fuel your fleet. A company credit card or cash is the easiest choice, but a fuel card from Pacific Petroleum may be the smarter way to fuel your business.
The Pacific Petroleum card offers unrivalled access to over 50+ Australian fuel sites giving you a wide range of benefits for every refuel.
Do I really need a fuel card?
- Are you having trouble tracking down fuel receipts?
- Are you worried that your drivers are purchasing fuel for personal use?
- Are your drivers buying non-fuel related items?
- Are you worried if drivers are purchasing the correct type of fuel?
- Are there any discrepancies with odo meter reading and volume of fuel listed on receipts?
If you answer “Yes” to any of these questions, you may be a victim of fuel fraud and a fuel card could be the answer to solve this issue.
How Fuel Cards Work
Fuel cards are often used to simplify the process of paying for fuel at the pump. The card is swiped at the pump and payments are taken automatically from a pre-loaded balance stored on the card. A business pays for their employees’ cards so they can save time, money and avoid the hassle of filing monthly reports. It also allows you to track how much gas your employees use, which in turn makes it easier for you to calculate their mileage reimbursement.
If you have a small business that is not next door to a gas station and want to save time with refueling, then this might be an option that’s worth looking into.
What’s The Difference Between Fuel Cards and Credit Cards
A fuel card is a type of stored value card that’s used to pay for fuel at the pump. It can be either physical or digital and is typically branded with the logo of a specific gas company.
A credit card, on the other hand is a card that can be used to make purchases at any store or establishment that accepts credit cards and can also be used as an ATM debit card.
Fuel cards are linked to a specific gas station and may only cover certain types of fuel, such as diesel or only gasoline. A credit card will cover all types of fuel stations but cannot store value like a fuel card can. This means that you must have money in your account before you are able to use your credit card for payment.
Fuel cards are mostly used by fleet operators because they are easier to manage and offer greater savings. It can be used at any location where you would normally swipe your credit or debit card at the pump. This means that if you run out of gas in an unfamiliar place, it is easy to fill up by swiping your fuel card just like you would with your bank-issued debit or credit card – without having to search for an ATM first.
While fuel cards are generally used by people who need to get from point A to point B and don’t want the hassle of stopping somewhere along the way, credit cards are used by people who want more flexibility on what they can purchase.
Benefits of Fuel Cards
Fuel cards can provide a great advantage for businesses. It is one of the best ways to manage and save fuel for your fleet. The fuel card program can also be beneficial to agricultural business as it can provide a substantial amount of savings on gas, which is one of the more costly aspects of running an agricultural business.
Companies that have the need to supply their employees with gasoline from time-to-time will significantly benefit from this type of card. There is no need for them to purchase and maintain costly fuel tanks and pumps at their office location. It also simplifies the process of reimbursing your employees for gasoline expenses, as these cards work similar to credit/debit cards, but they have an annual limit on how much gas can be purchased per month and each fill up is individually tracked, reducing the risk of theft.
Fuel costs are constantly fluctuating, which means that prices can change often. However, with an oil company’s fuel card, you get a consistently low price on fuel. Pacific Petroleum Fuel cards can provide discounts at over 50+ stations across Australia, saving your company money.
Fuel cards are a lot more convenient than the old-fashioned method of filling up at the gas station. As you put fuel in your car, you can swipe your fuel card to track your spending.
The convenience of fuel cards really comes in handy when you have a long drive ahead of you and need to refuel on the go. You don’t need to stop and wait for the tank to fill up like with traditional gas stations, because a swipe is all it takes.
If you’re running out of gas, it is faster and easier to go online or call your fuel card provider and have them fill up your tank.Track Expenses
Fuel cards comes with detailed reports that will inform you about how much money you have spent on gas or diesel. The fuel card will monitor purchases and provide the customer with a monthly statement.
Prevent Fuel Theft
Fuel theft is a major concern for anyone who transports fuel or operates a fleet of vehicles. It is a growing problem that can cost the industry millions of dollars every year. It also causes immeasurable amounts of pollution in the air we breathe.
There are a number of ways to combat fuel theft, but having a fuel card is one of the most effective methods. Fuel cards are an effective way to ensure that you only buy what you use and not have any unaccounted for gas on the books.
Applying is fast and simple. Get A Fuel Card from Pacific Petroleum today!