What Is Business Account?

Updated

Who this is for: Anyone new to Business Account?

What this article covers: The three main products in Business Account — Cards, Payments, and Treasury — and what you can do with each one.

Overview

Business Account is a B2B financial platform that brings corporate cards, cross-border payments, and treasury management together in one dashboard. You can fund your account with stablecoins (USDC/USDT) or fiat, with no traditional bank account required.

Business Account has three main products: Cards, Payments, and Treasury.

With Reap, you can:

  • Issue and use USD/HKD Visa corporate cards for business spending
  • Send local and cross-border payments in multiple currencies
  • Fund cards and payments with stablecoins (USDC/USDT) or fiat
  • Set spending limits and manage card controls
  • Manage approvals, expenses, and reporting
  • Manage spend on the go via the Reap mobile app, with Apple Pay and Google Pay support

Jump to

What are Cards?

Cards are secured Visa corporate credit cards available in USD and HKD.

  • Both virtual and physical cards are available. Virtual cards are ready to use as soon as your credit is confirmed.
  • It is secured, meaning Reap holds a deposit in stablecoins (USDC or USDT) as collateral against your card limit. The amount you deposit determines your credit limit at a 1:1 ratio.
  • Cards can be added to Apple Pay and Google Pay for in-store spending.
  • It is designed for business use.

For a full breakdown of fees and pricing, see Reap Pricing.

What is Payments?

Payments is a payments tool that lets you send local and cross-border payments in multiple currencies through the Reap dashboard.

  • Settlements are processed on a T+1 basis.
  • Supported payment rails include SWIFT, SEPA, FPS, CHATS, and FAST.
  • You can fund payments using stablecoins or fiat, and send in local currencies.
  • Track payments, view payment history, and manage recipients in one place.

What is Treasury?

Treasury is where you manage your stablecoin balances inside Business Account. It shows your balance across three areas and lets you move funds between them as needed:

  • Card: The collateral that backs your  Card credit limit.
  • Payments: Funds available for sending payments.
  • General: A holding account for unallocated funds. Move money in or out anytime.

Does Reap support multiple users?

Yes. Depending on your account setup, team members may be able to:

  • View and manage their own cards
  • Upload receipts and notes
  • Submit or review approvals

Your account admin controls who can access what, including permissions and spending limits per user.

Does Reap support multiple entities?

Yes. If your business operates across multiple companies or legal entities, you can manage them all from a single Reap account. Switch between entities directly from the dashboard without needing separate logins. Multi-entity management is available at no extra cost.

Does Reap have a mobile app?

Yes. The Reap app is available for iOS and Android. With the app, you can:

  • View your cards and transactions in real time
  • Upload receipts and add notes to transactions
  • Track your balance and receive transaction notifications
  • Manage common account tasks on the go

Frequently Asked Questions

Is Reap a bank?

No. Reap is not a bank. It is a financial platform for businesses.

What currencies can I spend with Cards?

Cards are available in USD and HKD. You can use it for local and international business spending anywhere Visa is accepted.

What currencies can I send with Payments?

Payments supports payments in multiple currencies. For the full list, see How many currencies does Payments support?

Do I need a bank account to use Reap?

No. You can fund your Reap account with stablecoins (USDC or USDT) or fiat without needing a traditional business bank account.

Can I use Cards straight away after signing up?

Not immediately, but the process is fast (approximately 5 business days). Your business account needs to be verified first. See Getting Started with your Card for the full setup steps.

What is collateral?

Collateral is the stablecoin deposit you make to set your Card credit limit. Reap holds this deposit as security. The amount you deposit determines how much your team can spend, at a 1:1 ratio.

Contact our Support Team

If you have questions or need assistance, contact our support team via the Live Chat in the Reap Dashboard (bottom right corner) or email us at hello@reap.global

For more information, visit Know who to talk to at Reap.

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