Did you know that using a fuel card is the safest way to pay for fuel?
When it comes to buying fuel for a commercial fleet, there are really only three options: cash, credit or fuel cards. With petrol and diesel being such precious commodities, they have become the target of unscrupulous thieves and protection from theft and fraud is an important part of fuel management.
Of the three options available to fleets, cash is the most insecure. If a fuel or credit card is lost or stolen it is cheap and easy to replace. Hard cash is much more difficult to recover. Plus, carrying hundreds of pounds of cash puts your drivers at risk, making them targets for crime.
On top of this, cash could open the doorway to businesses being cheated by their own drivers, claiming for fuel that they never purchased. While you may trust your team, more than a fifth (22%) of drivers admitted to exaggerating mileage claims.
Some fleets have considered using a credit or prepay card and while they have some of the same protection as fuel cards – PIN, remote cancelling, etc. – fuel cards go further.
Cards from chooseafuelcard.com can be matched with vehicle registrations, meaning fuel can only be purchased for a specific vehicle in your fleet. Again, this ensures corporate fuel cards are only being used to buy fuel for corporate vehicles.
However, the benefits of using fuel cards over credit cards go beyond just security – simplified admin processes, improved cost control, fuel reporting and monitoring.
With fuel fraud costing UK businesses £136 million each year, the protection they offer could be the number one reason for introducing them in your fleet during this time of squeezed budgets. Especially as added security brings one further benefit money can’t buy: peace of mind.
Give yourself peace of mind today by introducing fuel cards. Find the right one for you here.