Purchase card or Purchasing card (also P-Card)

Updated 2 years ago by Kruti Patel

Purchase card or Purchasing card (also P-Card) is a form of charge card (usually a credit card) that allows goods and services to be procured by the employees of businesses and public bodies without using a traditional purchasing process. Invoicing is usually embedded in the process by using electronic statements containing all relevant transaction information. Purchase card schemes need to satisfy VAT regulations.

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