Once a Mastercard has been linked to Payhawk, you can start using it as a funding source and issue virtual Mastercard cards on top of it.
Notes on issuing virtual Mastercard cards
Issuing virtual cards is only supported by selected banks. If you do not see this option available in the Payhawk web portal, contact your dedicated Implementation Manager to request activation.
Expense authorizations and transactions related to virtual Mastercard cards appear in real-time as card expenses in the Expenses app.
Virtual Mastercard cards work with fund requests and spend policies, and the advanced card controls are also available.
Issuing virtual Mastercard cards
To issue a virtual Mastercard card:
In the Payhawk web portal, go to the Cards > Cards tab. Click on the New button and select the Virtual > Standard option.
Alternatively, go to the Linked cards tab, select the linked Mastercard card that you will use as the funding source of the virtual card you want to issue, and, under Cardholders, click on the New virtual card button.
In the dialog that opens, select the employee assigned to the card. Note that Payhawk cards must not be issued to users with generic names such as Marketing or Administrator.
(Optional) Name the card.
Under Funding source, select one of the linked Mastercard cards. This option will be inactive if you've selected to issue the card from the Linked cards tab.
Under Limits, select between a stand-alone monthly limit or a monthly limit based on an existing company spend policy.
For cards with stand-alone limits, select the monthly recurring limit.
For cards under existing company spend policies, select the policy to which you'll assign the card.
Click on Issue card. As a result, the issued virtual Mastercard card will be listed under the Virtual Cards tab of the linked Mastercard card for you to view.
