Overview
Physical cards, virtual cards, and funds are different ways to spend the money your company allocates. Physical cards do not have any money by themselves; they spend from the funds issued by the finance team. Virtual cards are intended for online-only spend.
How they work
Physical cards
Physical cards can be ordered for all members of your company's Ramp account (here's a guide on how to do that). However, each Ramp user account can only have one physical card active at a time, and they cannot be transferred to another user.
Physical cards do not come with any money to spend; they spend from funds issued by the finance team. When you make a purchase on your physical card, it gets attributed to your funds. Depending on how your company operates, you may have multiple funds or a single instance of funds.
Physical cards can be used for all purchases, including in-store ones, whether or not a merchant accepts Apple/Google Pay. For convenience, you may also add your physical card to your mobile wallet.
Funds
Funds are allocations of money from the finance team. They cover general expenses such as travel, health and wellness stipends, and office supplies. Funds do not have card numbers and are meant to be spent from your physical card. They can be issued quickly and at any time in unlimited quantities.
Virtual cards
Virtual cards can be issued quickly and at any time in unlimited quantities. They can also be easily transferred or terminated if need be. Virtual cards are meant for digital purchases, such as advertising, online purchases, SaaS, etc.