Bento has created spend categories limits to give you an easy way to set controls around where employees can use their cards.
For example, if you set a spend category limit on a card to only be allowed at merchants categorized as Fuel Pumps, if your employee attempted to use the card at a merchant that is categorized as a Restaurant, that transaction would be declined. However, if your employee attempted a transaction at a fuel pump it would be successful. You can have peace of mind knowing that your funds are being used where you want them to be used.
Business Owners and Admins can update allowed and disallowed categories on a card in real time with a few simple clicks from the Bento website or the Bento mobile app. You just navigate to the Cards tab, select edit next to the card you'd like to update, make your desired changes and click "Save". Category changes happen instantly in real time and you can change them as often as you'd like.
Spend categories are groups of existing merchant category codes (MCC) used to classify businesses and store by specific market segments. MCCs are 4-digit codes assigned to all businesses and stores by credit card companies.
There are hundreds of MCCs so Bento has grouped similar codes together in order to make putting spend restrictions on Bento cards easier. Here's the list of spend categories:
Amusement & Entertainment
Automobiles & Vehicles
Home, Garden Supply & Service
Liquor & Alcohol Stores
Mail Phone Order
Retail & Miscellaneous Stores
Telecom, Internet & Utilities
Travel & Transportation
Wholesale Clubs & Office Supplies
To see a detailed mapping of how specific merchants and MCCs are categorized within these defined spend categories, please see our Merchant Category Mapping table.