Fuel cards on offer in UK could be based on two different pricing mechanisms. A fixed priced fuel card and a pump priced fuel card are the two different pricing methods that can be used to pay for fuel bought on a fuel card.
Shell is one of the biggest fuel suppliers in UK. Shell cards are immensely popular with business owners and fleet managers alike. If you are looking for a simple price mechanism to pay for your business’s fuel purchases, a pump priced fuel card is the most appropriate option. Shell offers Shell single fuel cards and Shell multi cards as pump priced fuel cards.
Both the fuel cards allow you to make fuel buys and pay later at the pump price for the day. Fuel price is neither fixed nor decided by anyone in the account management team. Price charged for fuel purchase is the same as the price that was applicable at the pump on the date of transaction. There is no scope of ambiguity in such fuel top-ups. At the same time, there is no scope of any losses arising out of fuel theft.
Depending on your business’s credit ratings, you could pay up for this invoice through a weekly, fortnightly or monthly settlement. Transaction receipts generated at the time of filling-up the trucks can be useful to validate the invoices. Compared to a fixed priced fuel card, a pump priced fuel card is simpler in its application, pricing and invoicing. It is typically useful for smaller businesses or single owner businesses as it takes out the complexity involved in fixing fuel prices for a business.
At the same time, a pump priced fuel card makes transaction audit a simplified process. An auditor can validate each transaction as a one-step transaction validation. There is no need to validate the applicable price for the week, as the pump price is clearly mentioned in the receipts.
For UK businesses looking into getting a Shell pump priced card, we will suggest giving a chance to b2fuelcards. Visit the site today and gain more out of your business’s fuel purchases at http://b2fuelcards.com/