Are you ready? Four questions to answer before you sign up for Pleo
Pleo offers a whole new way of managing – and thinking about – business spending.
There are a couple of basic questions people often have when they discover Pleo.
We’d love to answer some of them here. Hopefully, that means you’ll know if Pleo is the right answer for you.
Before you start the sign-up process, here are some things to check.
Is your company already on Pleo?
If the answer is yes, or if your company is in the middle of signing up to Pleo, we have some good news.
You don’t need to go through the whole process of signing up to Pleo on our site or through our app.
Your company’s Admin can handle everything, with the help of our team.
Admins are the people in your company who are involved in managing user permissions and exporting expenses to your accounts.
Once they provide us with the details of who’s getting a Pleo card, we’ll email the cardholders with details of what to do next.
Follow the simple instructions and before long, you’ll be spending with your Pleo card.
Is your company registered?
If you’re a sole trader, unfortunately, Pleo can’t sign you up at the moment.
We can only offer our services to businesses that are incorporated entities.
That’s for compliance reasons, something we naturally take seriously as a financial services company.
If you are a sole trader interested in Pleo, sorry! We don’t want you to waste your time and energy signing up with us, just to be told a few days later that we can’t help.
Do you have a business bank account?
While we work with companies to manage their spending, we’re not a business bank.
When you set up Pleo, we ask you to make the first transfer to Pleo from your business account.
It has to be your business account – something we check very closely during our verification process.
If we get money from a personal account, we’ll have to refund it – leaving you out of pocket temporarily while we sort that out.
What does verification involve?
If your registered company isn’t signed up to Pleo, but does have a business bank account, the next stage is verification.
We’ll need some documents to confirm basic info about you and your business. Sometimes we can source these for you ourselves, sometimes we’ll have to ask you to provide them.
Once that’s all sorted, we’ll get you to add some money to your Pleo wallet.
An initial transfer of funds needs to be made to Pleo from the company bank account – there are a few more formalities around this, but our Support team will, of course, be able to help if needed.
Signing up to Pleo is straightforward.
So we want to be as transparent as possible about what we ask from you if you’re keen to try us.
Hopefully, the above information helps – you’ll find plenty more information about all things Pleo here.