Individual Payment
With Individual Billing/Individual Payment (IB/IP), each Cardmember receives a monthly billing statement from American Express. They are responsible for reconciling the account and remitting payment directly to American Express. Each Cardmember submits an expense report in accordance with your reimbursement policy. This option reduces your company's administrative workload and encourages timely expense report submission.
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Company Payment
This option combines individual billing with centralised payment of all approved business expenses charged to the Corporate Card. Each Cardmember is responsible for monthly statement reconciliation, timely expense report submission and direct payment to American Express for personal and unapproved business charges. Your company issues a single payment to American Express for all Cardmembersf authorised charges, streamlining the payment process.
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With Central Billing, all Cardmember balances are itemised in a summary statement that is centrally paid by your company. Individual monthly billing statements are printed and included with the summary statement.
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Payment can be made in many ways, the most convenient options are: - Payment Power (EFT for central payment clients)
- Direct debit
- Cheque
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