Payhawk offers Visa Credit Cards for US-based businesses, providing an integrated way to manage company spending and access business credit.
When applying for Payhawk credit and credit cards in the US, companies must complete a dedicated application process aligned with local financial and compliance regulations. This includes providing company registration details, ownership information, and successfully passing KYC (Know Your Customer) and KYB (Know Your Business) verification checks.
Once approved, companies can link their corporate cards to Payhawk, or issue plastic or virtual Payhawk Visa credit cards to employees and define spending limits and card controls. This setup helps streamline expense management, enhance financial visibility, and automate reconciliation between transactions and accounting systems.
Benefits
Higher acceptance rates than traditional credit providers.
Avoid personal credit checks, with no personal guarantees required.
Simplified credit application process for Payhawk customers.
Basic parameters
Тhe credit lines are available in USD and can be a maximum of USD 1 million.
The amount customers receive is based on credit assessment.
Late credit payment fees apply.
Eligibility
Limited companies registered in the USA, or having registered entities in the USA.
Applicants must have filed Year 1 accounts at the very least.
US applicants must have at least USD 250,000 for a parent entity in a group or USD 100,000 for each subsidiary entity in a group in one or more US bank accounts and in the name of the applying entity.
Required company documentation
When applying for credit, you need to submit the following documents to the Compliance team at Payhawk:
The latest audited or filed accounts (showing Income Statement and Balance Sheet).
The latest Management Accounts (showing Income Statement and Balance Sheet) (any format) with the latest entries no older than three months.
Application process and time
When you apply for a Payhawk credit line, you need to:
Define the credit amount and the currency (USD) you are interested in.
Submit the required company financial statements so that Payhawk can start the credit underwriting process.
Then, the risk analysts at Payhawk will review the submitted documents and evaluate your credit application.
Аs a result, Payhawk may approve your application in full, approve it for part of the requested credit amount, or reject it altogether.
The Payhawk Customer Success Manager or Account Executive will get in touch with you and inform you about the outcome of the assessment. If your application is approved, start using Payhawk for your credit funds.
The credit evaluation process takes 24 business hours starting from the moment all valid documents have been submitted and accepted. This period excludes the compliance verification process.
Basic terms on monthly instalments
The credit billing period is a calendar month, meaning, credit statements will be issued at the beginning of the following month.
The utilized credit must be paid by the 8th calendar day of the following month.
If the 8th is during the weekend, then the credit is due on the next business day.
If the 8th is a bank holiday, then the credit is due on the next business day.
If the credit is not paid by the 8th calendar day of the next month, Payhawk will suspend your Payhawk debit and credit accounts until the credit is paid back to Payhawk.
For USD credits, Payhawk uses an ACH pull to automatically repay the financial obligation.
Credit card terms and conditions, and card fees
For the fees applied to cards, see the Visa card information for USD and other currencies.
Summary of Payhawk’s credit program in the US
The following table summarizes Payhawk’s credit program for the US.
Parameter | US credit program |
Who for | US-registered companies |
Currencies | USD |
Credit repayment | Automated ACH PULL from a connected bank account |
Acceptance | Worldwide |
Administrators can switch card from debit to credit | No. Cards are credit only. |