What are the Benefits of Using the Rain crypto corporate cards for Expenses Like Corporate Travel?

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If your crypto company or foundation wants to leverage crypto currency to help manage expenses, it can come with a hefty fee, not to mention delays. In fact, when relying on exchanges and OTC partners to manage your fiat spending, fees can range from 1-10% for each transfer. Here, we share the benefits of using the Rain credit card to cover expenses without worrying about delays and costly fees.

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What is a Rain Credit Card?

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Rain credit cards come with a state-of-the-art corporate spend management platform designed to accommodate the unique governance and operation models of Web3 teams. Although traditional fintech products are held back by outdated infrastructure, Rain leverages on-chain infrastructure to drive efficiency for digitally native teams. Rain members can cover expenses in real life quicker than alternatives in the market.

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Why is Rain Best for Your Expenses?

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Rain provides instant and seamless access to spending without any OTC margin or spread, saving your team an average of 3% to 4%. You can use your Rain card anywhere VISA is accepted, allowing you to spend your digital assets at merchants around the world. Although OTC trading is convenient when swapping larger sums fast and confidentially, it makes no sense for crypto companies to depend on an OTC desk to access funds to cover basic expenses like corporate travel.

Also, the Rain credit card acts like a traditional credit card, making it better for booking flights, securing accommodations, or reserving a rental vehicle for corporate travel. Perhaps best of all, Rain members have until the end of the month to pay their bill, meaning funds, tokens, and assets aren't debited from your account after each transaction like a debit card. As a result, crypto companies often find they maintain better control over their digital asset spending while managing cash flow deficits more effectively.

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How Does the Rain Credit Card Help You Save Money?

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In hand with an average savings of 3% to 4%, Rain also helps you save in several other ways, including:

• Users have access to opportunities for over $750,000 in savings through Rain partnerships
• You can simplify your accounts payable without the need for data entry, reducing errors and repetition that cost money to manually enter, track, and correct
• Effortless invoice payments allow you to pay at the end of each month instead of debiting crypto for each transaction to help provide a break when you experience cash flow challenges
• You also streamline accounting functions with seamless integration with Quickbooks™ and Entendre™
• With easy management of sub-accounts for individual team budgets, you become more aware of spending across your organization to make informed financial business decisions
• You can consolidate your on-chain spending using automated accounting, including quick reconciliation and receipt capture
• Your accounting team can onboard bookkeepers and accountants to accurately document and tag transactions to simplify corporate accounting and reporting

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Rain credit cards eliminate unnecessary fees, offer instant spending opportunities using your crypto assets, and ensure vendors receive fiat without the regulatory risks of accepting crypto.