Whop Card
Whop · Visa
Whop Card is a Visa business card issued by Third National in the United States, reserved for businesses on the Whop platform: it lets you spend directly from your Whop balance without withdrawing to an external bank. It is a business-only product (personal use excluded) backed by stablecoin collateral held in non-custodial on-chain wallets (Ethereum, Polygon, Optimism, Arbitrum), with up to 5% cashback (cap reported by sources at USD 50,000/month). On FX, the official terms list a 1% Foreign Exchange Fee plus a 1% Cross Border Fee on non-USD transactions (around 2% total): so it is NOT a 0% FX card, nor an EEA-targeted product, but a US-centric program (Puerto Rico governing law, OFAC compliance). ATM fees are not documented in the reviewed terms: the value is set to 0 pending confirmation.
Data & conditions
| Account fee | Free |
|---|---|
| Network | Visa |
| ATM withdrawal | Free |
| Fund custody | Self-custody (funds in your control) |
| KYC | Full |
| Supported countries | US |
| Segment | B2B |
| MiCA / License status | Visa license (Third National) |
Strengths
- Spend directly from the Whop balance on the Visa network, no withdrawal to an external bank.
- Stablecoin collateral held in non-custodial wallets (funds not entrusted to the issuer).
- Up to 5% cashback on eligible purchases (reported cap USD 50k/month).
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- Business-only and effectively tied to the US ecosystem (Puerto Rico law, OFAC); no documented EEA availability.
- FX not waived: 1% FX + 1% cross-border (around 2%) on non-USD transactions.
- Crypto collateral subject to liquidation if value drops; ATM fees not documented.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Score 3.5/5, solid profile. In its favour: spend directly from the Whop balance on the Visa network, no withdrawal to an external bank. The trade-off to weigh: business-only and effectively tied to the US ecosystem (Puerto Rico law, OFAC); no documented EEA availability.
On the Sovereignty lens the score is 1.9/5 (weak): the strength is fund control (5.0/5), while privacy & anonymity (0.0/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Who issues the Whop Card and which network does it use?
The card is issued by Third National under a Visa license and runs on the Visa network; banking services are provided by SSB (Member FDIC).
Is the Whop Card available in the EEA with 0% FX?
No: per the reviewed sources it is a US-centric, business-only product (Puerto Rico law, OFAC) with around 2% FX (1% FX + 1% cross-border). EEA availability or 0% FX are not documented.
Sources
- Official service page Issuer · Payment network · Business-only · Collateral · +3 Data verified on Jun 22, 2026
- en.wikipedia.org Founded · Registered office · Company type Data verified on Jun 22, 2026
- finextra.com Payment network · Cashback · Issuer · Stablecoin infrastructure Data verified on Jun 22, 2026
- rain.xyz Stablecoin collateral · Payment network · Global Data verified on Jun 22, 2026