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Virtual cards are debit card numbers that can be issued to OSC's hosted initiatives for paying online for things like: recurring payments, utility bills, online resources/tools, subscriptions, vendors (e.g. wholesale distributors), etc. They are directly tied to collectives' budget on the Open Collective platform.
How it works:
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- Submit a virtual card request with the intended use of the card (please specify the names of the services you will use) and the amount budgeted for that use monthly (e.g. $300/monthly). The virtual card with that limit will be set up for your collective.
- If your collective needs a higher limit on your virtual card please request a limit increase by contacting us at hello@oscollective.org with the intended use and the amount increase needed.
- To receive an increase, initiative must have a budget on their Open Collective account that exceeds the corresponding amount, and must demonstrate that a higher limit is necessary.
- Cards must be used in compliance with our policy below.
Requirements/Policy:
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- These are virtual cards. No physical card will be issued, so these cannot be used in-store.
- All transactions should comply with normal usage of initiative funds as outlined in our Terms of Fiscal Sponsorship
Limitations:
If you need to input Cardholder contact details/address:
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- Address: 440 N Barranca Ave #3939 Covina, CA 91723, USA
Steps:
Setup the card:
Initiative admins request the card from OSC:
- Visit your initiative's page
- Click Actions -> Request a Card
- OSC will assign the card (please allow time for processing)
- Once assigned, the card assignee will be notified via email and the card's details will appear in the initiative's Settings for you to use (in accordance with this policy)
After a purchase is made:
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- An \"Invitation to submit an expense\" will be sent to your initiative admins
- Admins will be asked to submit your receipt. (If the receipt is not submitted within 30 days, the card access will be paused until you do submit the receipt).
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