Which card is typically liable for misuse by employees in a company setting?

In a company setting, the business card issued to employees is typically liable for misuse. This is because when a business card is issued, it is linked directly to the company's financial resources and accounts. Employees are granted access to these funds to perform business-related transactions, which includes purchasing supplies, making travel arrangements, or other expenses that support the organization.

When misuse occurs, such as using the business card for personal expenses, the company holds financial responsibility for charges made on the card, unless policies and proper oversight are implemented to limit such behavior. This also means that the company needs to have proper guidelines and training regarding the usage of these cards to mitigate the risk of misuse, which can result in financial losses or disciplinary actions against the employee.

In contrast, personal credit cards remain under the individual's control, and any misuse is solely the responsibility of the cardholder. Prepaid debit cards and government-issued payment cards also have specific regulations and guidelines that govern their use, often limiting the scope of liability depending on the issuer's policies and the specific agreements in place.