Frequently Asked Questions.

Find answers to your questions about Weel's spend management platform.

The Basics

Does every team member get their own virtual corporate expense card?

Yes, each team member will get a unique virtual corporate expense card to make business payments.

If you'd like more information on virtual corporate cards, go here.

How do I make a payment online using my virtual card?
Buying things online with a Weel virtual card works the same as your traditional bank card. From the Weel app simply tap pay online to reveal the card details and then copy and paste your Card Number, Expiry Date and CVC at the check-out page.
Does Weel help me with work related travel expenses?

Yes, you can use your Weel corporate card to pay for and track all work-related travel expenses. Use your Weel card for booking flights, hotels and taxis, you can also set up per-diems for meals and ad-hoc travel expenses.

If you'd like more information on managing travel expenses with Weel, go here.

How much does Weel cost?

Weel’s basic plan starts at $135 per month, which includes 5 people with unlimited cards and budgets included. Additional people can be added to any Weel plan for an extra cost per person, per month. All plans are exclusive of GST and have a 0.95% FX conversion fee on transactions made in a foreign currency.

If you'd like more information on Weel's pricing plans, go here.

How do I know Weel is secure?

Weel is SOC 2 Type I and Type II certified and ISO 27001:2022 certified, and we’re audited externally and penetration tested at least annually, with continuous monitoring from Vanta in between. All data is protected with 256-bit encryption, in transit and at rest, and hosted on AWS infrastructure. Your card details are tokenised and held by our banking partner, not stored in Weel, and every card transaction carries Visa Zero Liability protection.

If you'd like more information on how Weel keeps your data and card details secure, go here.

What is Weel?

Weel is a spend management platform built for Australian and New Zealand businesses. It gives your team virtual corporate cards, spend policies enforced at the point of purchase, and cards and budgets managed per business unit or entity from one login. Expenses sync automatically to NetSuite, Business Central, Xero, MYOB and QuickBooks, so approved spend is ready to reconcile. Troocoo's finance team, for example, now saves 2 days of admin every month using Weel.

If you'd like more information on virtual corporate cards, go here. For spend policies and approvals, go here. For budgets by business unit, go here. For Weel's accounting integrations, go here.

See more about Troocoo's case study - go here.

How do I make a payment in-store using my virtual card?

The Weel virtual card loads directly into your mobile wallet. To make a payment in-store simply open Apple Pay or Google Pay and hold your mobile phone over the credit card reader, like you would with your normal tap and pay physical card.

If you'd like more information on Apple Pay and Google Pay, go here.

As a team member do I still need to use my own money to pay for work expenses?

No, with Weel you no longer have to use your own funds, be out of pocket or fill out an expense claim to be reimbursed. If you ever do pay out of pocket, the process of submitting and approving a reimbursement is so easy, half of all reimbursements on Weel are paid within 24 hours. Snap a receipt in the app and it runs through the same workflow and budget as a card purchase, no extra paperwork.

If you'd like more information on reimbursements, go here.

Will Weel's expense software work with our accounting software?

Yes. Weel has two-way sync with NetSuite, Business Central, Xero, MYOB and QuickBooks. Note: QuickBooks doesn’t support exporting bills or reimbursements, so those need to be reconciled manually there. If you use a different accounting system, Weel’s OpenAPI can connect it directly, or you can export your transactions as a CSV and import them manually. Douglas Chemists, for example, made their month-end process 90% more efficient by syncing Weel with their accounting system.

If you want more information on Weel's integration with accounting systems, go here. For our OpenAPI integration, go here.

See more about Douglas Chemists' case study on accounting integration - go here.

What countries is Weel available in?
We are currently only available to Australian and New Zealand companies. However, you can use your Weel virtual corporate cards anywhere in the world, where Visa is accepted.

Virtual Corporate Cards

How does the Weel virtual corporate card work?
Weel's virtual cards work the same way plastic cards do, the only difference is that the virtual cards live on your phone instead of your wallet. The Weel virtual Visa card is a debit card that can be used in most online or in-store locations where Visa is accepted. To use your Weel cards you need to first have funds available in your Weel account.
Do you support Apple Pay and Google Pay?

Yes, to use your Weel virtual card for in-store payments simply open your virtual card settings in the Weel mobile app and press ‘Add to Wallet’. The virtual card will be automatically provisioned into either Apple Pay or Google Pay depending on your device. Once it’s in your wallet, swipe to any budget you’re on in the Weel app and your next tap pays against it, no extra cards needed.

If you'd like more information on Apple Pay and Google Pay, go here.

Will merchants accept my virtual corporate card?

Your virtual corporate card is accepted online everywhere Visa is accepted, and in-store anywhere that takes Tap and Go. If you can tap a physical card to pay, you can tap your Weel virtual corporate card the same way.

If you'd like more information on virtual corporate cards, go here.

Can I dispute a transaction made with a Weel virtual corporate card?
Yes, we recommend always trying to resolve the issue with the merchant prior to issuing a chargeback. Merchants would almost always prefer to resolve the issue without a chargeback. In the event that you have tried to contact the merchant and have been unable to reach a resolution, you can dispute the transaction by contacting us at customerservice@letsweel.com. We will act on your behalf and conduct the chargeback.
What is a virtual card?
A virtual card can be a prepaid, debit or credit card that is entirely digital and generated online. Weel virtual cards are debit cards, they come complete with a 16-digit card number, expiry and CVC, and can be used both online and in-store.
What is the benefit of a virtual card?

Weel virtual Visa cards work almost everywhere Visa is accepted, online and in-store. Being virtual means a new card reaches a team member in minutes, not weeks. Set spending controls card by card, close one instantly if it’s compromised or someone leaves, and spin up a new card for every subscription. Michael Hill had 200 cards in team members’ hands within a single day, while a bank-issued plastic card would still be weeks away.

If you'd like more information on virtual corporate cards, go here. For managing subscriptions, go here.

See more about Michael Hill's case study on switching to virtual cards - go here.

Can I create multiple virtual cards?

Yes, you can create multiple virtual corporate cards for your team members or subscription services. It’s common for team members to have multiple cards with different spending limits and controls.

If you'd like more information on virtual corporate cards, go here. For subscription cards, go here.

Is the Weel card a virtual credit card?
No, the Weel card is a virtual prepaid card. You will need to fund your Weel account before you start making payments.

Why use Weel

How does Weel help me control my team’s spending?

With Weel you can program your expense policy directly into your team’s virtual cards. You can customise spending rules per budget and lock cards to specific merchants, spending categories and amounts.

If you'd like more information on spend policies and approvals, go here. For budgeting with Weel, go here.

I currently use Dext or Expensify, does Weel replace the need for these tools?
Yes, Weel replaces the need for both Dext and Expensify. Every purchase made with your Weel virtual corporate card skips the expense report and reimbursement process, saving admin time each month. Your expense policy is built into the card, so spending is controlled before it happens, not after.
Why should I choose Weel over my AMEX corporate card?

Unlike AMEX, Weel gives you granular spending controls, real time reporting, and automatic expense categorisation - real ROI, not points on a statement. Weel also gives you a budgeting tool to understand your company’s spending.

Real results:

  • Autism Association of WA cut admin from two days to four hours a week. see here.
  • Michael Hill saved 870 hours a month. see here.
  • Sylvanvale made reconciliation 97% faster. see here.

If you'd like more information on budgeting with Weel, go here. For real-time reporting, go here.

How does Weel help me with software subscription management?

You can use Weel to create a unique virtual card for every subscription, pause subscriptions at any time with the click of a button and track all subscriptions from an easy-to-read dashboard. If someone leaves or changes roles, reassign the subscription’s owner in seconds - the card number stays the same, so nothing lapses and there’s nothing to update across your tools.

If you'd like more information on managing subscriptions, go here.

How much time and money does Weel save me on expense management?

Weel removes the manual admin from expense management. Receipts are captured automatically, spend is coded on the fly, and approvals happen in the app instead of piling up for month-end. Half of all card expenses are approved within 24 hours, and over 90% are approved in total - most of the work is already done before you sit down to close the books.

Real results:

  • Michael Hill saved 870 hours a month and cut processing time 70%. see here.
  • Caulfield Grammar cut month-end reconciliation time by 95%. see here.
  • Vision Radiology saved 40+ hours a month after replacing spreadsheets and bank cards. see here.

If you'd like more information on automatic receipt capture, go here. For approvals in the app, go here.

Does Weel replace my traditional corporate card program?

Yes, the Weel virtual card will replace your corporate credit card program. With Weel you can control your spending before it happens. Create budgets, control limits, make payments, review spending and automate reporting with Weel’s simple expense software.

Real results:

  • Vision Radiology replaced its spreadsheets and bank cards entirely, saving 40+ hours a month. see here.
  • Douglas Chemists made month-end 90% more efficient. see here.
  • Michael Hill saved 870 hours a month. see here.

If you'd like more information on virtual corporate cards, go here. For budgeting with Weel, go here.

How does Weel reduce my expense admin?

Weel reduces expense admin for team members by providing them with their own virtual corporate card. This means they no longer need to use their own personal money and complete an expense report for reimbursement. Weel reduces expense admin for the finance team by automatically extracting all merchant data, GST, expense category and more. If any information is missing, Weel will automatically send reminders to your team, ensuring that you never have to chase a missing receipt or follow up for additional information again.

Real results:

  • Caulfield Grammar cut its month-end reconciliation time by 95%. see here.
  • Autism Association of WA cut admin from two days to four hours a week. see here.
  • Douglas Chemists made month-end 90% more efficient. see here.

If you'd like more information on automatic receipt and GST capture, go here. For reimbursements, go here.

I use Xero Expenses for expense claims, how is Weel different?

Weel lets you instantly issue your team with their own virtual corporate card. Your team no longer need to use their own funds and then submit an expense claim via Xero Expenses. Expenses made with your Weel corporate Visa cards are automatically categorised and synced to Xero, ready to reconcile. Xero’s bank feed updates overnight. Douglas Chemists, for example, made month-end 90% more efficient by syncing Weel with their accounting system.

If you'd like more information on Weel's integration with Xero and other accounting systems, go here.

See more about Douglas Chemists' case study on accounting sync - go here.

Does Weel help me with my financial reporting?

Yes, Weel provides real time payment data so you always have a clear and accurate view of your expenses. With Weel you can report on transactions by cardholder, team, supplier, category and more. Sylvanvale, for example, cut its month-end reconciliation time by 97% using Weel's real-time reporting.

If you'd like more information on real-time payment data, go here.

See more about Sylvanvale's case study on real-time reporting - go here.

How does Weel help my small business with budgeting?

With Weel you can create weekly, monthly or one-off budgets for teams, departments, projects or however you think about expenses in your business. Assigned team members can then access the budget limit via their Weel virtual cards, providing you with a layer of control between your overall account balance and card holders. Once spending takes place you can track and analyse budget progress from a simple overview. Windarring, for example, saved $200,000 a year and cut monthly expenses by 62% using Weel's budgeting tools.

If you'd like more information on budgeting with Weel, go here.

See more about Windarring's case study on budgeting with Weel - go here.

Signup

What information do I need on hand when signing up my business?
To complete signup you will need basic business information such as your ABN or NZBN and registered business address. Based on your business structure we may also be required to verify the identity of the beneficial owners, in which case you may need to upload 2 forms of ID. Once you upload the required information your signup will be complete and you will be able to start using Weel.

If you'd like more information on business verification, go here.

I am a sole trader, can I use Weel to manage my business expenses?
Yes, as long as you have a registered ABN or NZBN you can sign up for Weel.
How long does it take to set up Weel and get started?
You can complete the Weel sign-up form and create your first virtual card in under 15 minutes. To sign up you'll need basic information about your business, such as your ABN or NZBN and registered business address, and to verify the beneficial owners of your business - anyone who owns 25% or more of the entity. Verification can take a little longer depending on your business structure, so your account may not be fully active the moment you finish the form.
Why do you need to verify the identity of the beneficial owners?
As a financial product Weel needs to comply with all Anti-Money Laundering and Counter Terror-Financing laws.

Using Weel

How do I load funds into my Weel account?
Because Weel’s virtual cards work like a debit expense card, you’ll need to top up your account balance before spending. For security, the bank account you transfer from must match your registered business name on Weel, or the deposit will be rejected. Australia (AU): NPP-enabled transfers are almost immediate; other transfers made before 4pm settle the same day, and direct debits take 3 to 5 business days. New Zealand (NZ): your initial funding account must come from a NZ bank that doesn’t let the customer alter the payer name - the qualifying banks are listed on page 13 of the FMA Electronic Identity Verification explanatory note.
How do you automate the categorisation of an expense? Does your team still need to choose a category code?

Weel categorises each expense automatically the moment you pay, using enhanced payment data from Visa mapped to your chart of accounts. Team Members and Admins can override the category at any time, and Weel remembers the change for future purchases at that merchant.

If you'd like more information on automated expense categorisation, go here. For syncing to your chart of accounts, go here.

Is virtual card spending data available in real time?

Yes, all payment data is available in Weel in real time and instantly synced to your accounting software.

If you'd like more information on real-time transaction data, go here. For accounting integrations, go here.

Is Weel connected to my existing bank account or credit card?
No, when you sign up to Weel you will be provided with our own account, this account is linked to your Weel cards. You can fund this account by transferring funds in via bank transfer or by setting up a direct debit.
Can I make a purchase in foreign currency?

Transactions made in a foreign currency will be subject to the prevailing Visa exchange rate at the time, plus a 0.95% foreign transaction fee.

If you'd like more information on foreign transaction fees, go here.

Can I capture a receipt for each transaction?

Yes, once you have made a payment we will instantly send you a push notification to take a photo of your receipt. All receipts will instantly be uploaded into your accounting software for your record. Basketball Victoria, for example, ended its paper-receipt pile-up by capturing receipts automatically with Weel.

If you'd like more information on capturing receipts, go here. For accounting integrations, go here.

See more about Basketball Victoria's case study on automatic receipt capture - go here.

What if a payment is made that is outside of our expense policy?

Weel allows you to program your expense policy directly into the card itself. Any expense that is outside of your policy will be declined at the point of purchase. For example, you can lock individual cards to a set of merchants, time of day, transaction limit and more.

If you'd like more information on spend policies and approvals, go here. For card spending controls, go here.