Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

DogPay Card

DogPay · Visa

3.0/5 1.0/5 · Data verified on

DogPay is a Singapore-based fintech platform (founded 2022) offering virtual and physical Visa cards to spend crypto like fiat across 140-180+ countries where Visa is accepted. The model is custodial: users load funds into the DogPay wallet (it accepts USDT and other crypto on Ethereum, TRON and BSC) before spending, and full KYC is required to activate the card. The virtual card has an issuance fee of about 5 USDT while the physical card costs about 50 USDT plus shipping; there is no annual fee. A top-up fee of around 1% applies plus a currency-conversion markup of up to 1%. DogPay claims a Singapore PSP registration, an Estonia EMI and a US FinCEN MSB registration. The card offers no cashback (set to 0). ATM limits and daily/monthly spending limits are not publicly documented, so they are not reported here. The DogPay profile is flagged as 'unverified' by the Todey team, so some figures are self-declared.

31
Transparency: Very low
31/100 · see methodology
31
Data exposure: Minimal
31/100 · lower is better for sovereignty · methodology

Data & conditions

Network Visa
Fund custody Custodial (platform holds funds)
Issuance fee €5
Annual fee Free
ATM withdrawal Free
FX markup 1%
Cashback
Chains Ethereum, TRON, BSC
Contactless Yes
Virtual card Yes
KYC Full
Privacy 2/10
Supported countries US, EEA, APAC, LATAM, MENA, AFRICA, UK · 180+ countries
Funding / solidity DogPay è una piattaforma fintech con sede a Singapore, fondata nel 2022, focalizzata sull'integrazione tra pagamenti crypto e fiat a livello globale. Offre carte virtuali e fisiche (Visa e Mastercard) integrabili con Apple Pay, Google Pay, PayPal e Alipay, con copertura in oltre 180 paesi.
Estimated net annual cost €0/year
Regulator MAS (Singapore), FinCEN (USA)
Segment B2C
Funding / solidityDogPay is a Singapore-based fintech platform, founded in 2022, focused on integrating crypto and fiat payments globally. It offers virtual and physical cards (Visa and Mastercard) compatible with Apple Pay, Google Pay, PayPal and Alipay, with coverage across 180+ countries.
MiCA / License status Singapore PSPEstonia EMIFinCEN MSB (USA) DogPay claims a Payment Service Provider registration in Singapore (regulated by the MAS under the Payment Services Act 2019), an EMI authorization in Estonia and an MSB registration with FinCEN in the US. These are payment/EMI-type registrations, not banking licenses; some figures are self-declared and not independently verified.

Strengths

  • Both virtual and physical cards with Visa acceptance in 140+ countries
  • No annual fee and crypto top-up (USDT) across multiple chains (Ethereum, TRON, BSC)
  • Low FX markup, up to 1%
  • No notable sovereignty advantage documented.

Weaknesses

  • Custodial wallet with mandatory full KYC: funds are held by DogPay
  • No cashback and a top-up fee of around 1%
  • Self-declared licenses and profile: the listing is flagged 'unverified' and limits are not public
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (DogPay claims a Payment Service Provider registration in Singapore (regulated by the MAS under the Payment Services Act 2019), an EMI authorization in Estonia and an MSB registration with FinCEN in the US. These are payment/EMI-type registrations, not banking licenses; some figures are self-declared and not independently verified.): reporting to authorities and freezes on order.

Verdict

C D ★ 3.0/5 ★ 1.0/5 Estimated net annual cost: €0/year

Custodial wallet with mandatory full KYC: funds are held by DogPay and the user does not control the keys. The declared licenses (Singapore PSP, Estonia EMI, US FinCEN MSB) are payment/EMI-type registrations, not bank-deposit protection guarantees. Weak protection.

Custodial model with full KYC: no key control and verified identity. Low sovereignty score, in line with a centralized exchange card.

Privacy & anonymity 30% 0.5
Fund control 20% 0.0
Censorship resistance 20% 1.5
Costs 10% 3.8

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

Is the DogPay card custodial or self-custody?

It is custodial: to use it you first load crypto (for example USDT on Ethereum, TRON or BSC) into the DogPay wallet, which holds the funds, and complete KYC. You do not directly control the keys.

How much does the DogPay card cost?

The virtual card has an issuance fee of about 5 USDT and the physical card about 50 USDT plus shipping. There is no annual fee; a top-up fee of around 1% and an FX markup of up to 1% apply.

Sources

Update history

✓ Terms unchanged since Jun 22, 2026

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