Understanding Divvy’s Pricing Model: A Guide for Users
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Understanding Divvy’s Pricing Model: A Guide for Users
As a spend management platform, Divvy aims to provide comprehensive visibility and control over expenditures for businesses. However, navigating its pricing structure can seem complex for new users. This article breaks down key elements of Divvy’s pricing model to help you select the right plan.
Divvy’s Core Plans: Features and Monthly Cost
Divvy offers three core plans – Start, Scale, and Grow – with pricing based primarily on number of enabled cards per month.
The Start plan supports up to 5 enabled cards for $29/month. It includes basic spend management features like virtual cards, 1% cash back rewards, and Divvy’s Chrome extension for capturing receipts.
The Scale plan allows up to 15 enabled cards per month at $99/month. Additional capabilities like custom categories, bill pay, and integrations are unlocked.
With the Grow plan, there is no limit on enabled cards for $249/month. It offers administrator controls, custom approvals, and premium support.
Overages: Fees for Exceeding Card Limits
A key thing to understand with Divvy’s pricing model is how overages work if you exceed allotted card limits.
On Start and Scale plans, each enabled card over the limit in a billing period incurs a $5 monthly overage fee. For Grow, overage fees don’t apply since enabled cards are unlimited. Monitoring usage and staying within card thresholds is key to controlling costs.
Annual Contracts: Discounts for Long-Term Commitments
Divvy incentivizes annual contracts by offering discounts compared to month-to-month payments. This can yield meaningful savings, especially at higher plan tiers.
On an annual Scale plan, the cost is $888 vs $1188 for month-to-month. For Grow, it is $2292 annually instead of $2988 month-to-month – over $600 in savings. Consider your expected usage before committing.
Integrations and Add-Ons: Customizing with Extra Features
Beyond its core plans, Divvy enables further customization through add-ons and access to over 400 app integrations via its platform.
Popular add-ons include the Receipt Capture service for $20/month and Corporate Cards at $8 per active card per month. Integrations with platforms like QuickBooks, Slack, and Salesforce attract additional fees. Factor these costs if relevant extra capabilities are needed.
Divvy Capital: Financing Business Spend
Divvy also provides access to financing for larger purchases through its Divvy Capital program. Qualified businesses can access credit lines from $5,000 up to $2 million.
Zero-interest terms up to 12 months are available on amounts up to $250,000. For larger balances, fixed APR loan terms at competitive rates apply. Credit decisions are quick and funding is provided the next business day in most cases.
Conclusion
Evaluating pricing considerations around plan types, overages, discounts, add-ons, and financing options is key to getting the most value from Divvy. Mapping your organizational spend management needs and growth trajectory to the appropriate plan ensures cost-efficiency. Monitoring card usage and integrating capabilities in a targeted rather than open-ended fashion further allows maximizing ROI. With an optimized Divvy setup tailored to current and future requirements, the platform can streamline financial workflows and provide holistic visibility without breaking the bank through unnecessary overspending.
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