Kardpay Card
Kardpay · Mastercard
Kardpay is a custodial crypto payment-card service on the Mastercard network, currently in a pre-launch/airdrop phase with a native KDY token. It offers virtual cards only (physical cards announced for Q3 2026), funded with stablecoins (USDC/USDT) and BNB from external wallets across multiple chains (Ethereum, Base, Arbitrum, Avalanche, BNB Smart Chain, Polygon and others). KYC is mandatory and the wallet is custodial. The business model is not a classic FX markup but a one-off 28 USD issuance fee (here ~26 EUR), a high 4% top-up fee and a 0.25 USD fee per authorization, including declined ones; hence fx_markup_pct is set to 0 (not documented) and fee_annuale_eur to 0 (no recurring annual fee documented). cashback_pct is set to 0 because, although an 'up to 8%' cashback paid in USDC or KDY tokens is advertised, the tiers and thresholds are not published or verifiable. No ATM withdrawals (atm_limit 0) and no IBAN/SWIFT are supported. The contracting entity is tied to ROSSCAPITAL US LLC (New York) with data controller Brisama in Dubai; the AE license country reflects the seat of issuer Kardpay FZCO, with no explicit public license found. The team is reported as unverified by third-party sources (TODEY).
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | €26 |
| Annual fee | Free |
| Free ATM limit | 0 (nessun prelievo ATM supportato) |
| ATM withdrawal | Free |
| FX markup | 0% |
| Cashback | — |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | US, EEA, UK, LATAM · 29+ countries |
| Funding / solidity | Kardpay e operata da Kardpay FZCO con sede a Dubai (Emirati Arabi Uniti). L'entita contraente indicata nei Termini e ROSSCAPITAL US LLC (New York) e il data controller e Brisama (Dubai). Il servizio e in fase pre-lancio/airdrop con token nativo KDY e team non verificato da fonti terze. |
| Estimated net annual cost | €26/year |
| Regulator | Nessun regolatore/licenza pubblica esplicita (controversie regolate dal diritto DIFC, Dubai) |
| Segment | B2C |
| Funding / solidity | Kardpay is operated by Kardpay FZCO, headquartered in Dubai (UAE). The contracting entity named in the Terms is ROSSCAPITAL US LLC (New York) and the data controller is Brisama (Dubai). The service is in a pre-launch/airdrop phase with a native KDY token and a team unverified by third parties. |
| MiCA / License status | No explicit public license found; issuer Kardpay FZCO (Dubai), contracting entity ROSSCAPITAL US LLC (New York), data controller Brisama (Dubai), disputes governed by DIFC law. |
Strengths
- Instant virtual issuance on the Mastercard network, with Apple Pay and Google Pay
- Top-up in stablecoins (USDC/USDT) and BNB from external wallets across many EVM chains
- No recurring annual fee
- No notable sovereignty advantage documented.
Weaknesses
- Custodial model with mandatory KYC and a team unverified by third parties
- 'Up to 8%' cashback is unverifiable (tiers and thresholds unpublished) and paid in KDY tokens
- High top-up fees (4%), a 0.25 USD fee per authorization (including declined ones), no ATM withdrawals and no physical card
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (No explicit public license found; issuer Kardpay FZCO (Dubai), contracting entity ROSSCAPITAL US LLC (New York), data controller Brisama (Dubai), disputes governed by DIFC law.): reporting to authorities and freezes on order.
Verdict
Weak protection: no explicit public license, custodial model with mandatory KYC, contracting entity ROSSCAPITAL US LLC (New York) and data controller Brisama in Dubai, disputes governed by DIFC (Dubai) law. Pre-launch service with a team unverified by third parties.
Low sovereignty: custodial wallet, full mandatory KYC, no direct control over keys and cashback tied to the native KDY token. Not suitable for those seeking self-custody or privacy.
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 Kardpay custodial and does it require KYC?
Yes. Kardpay is a custodial service: funds are held by the issuer and KYC (identity verification) is mandatory. It also currently offers virtual cards only, with physical cards announced for Q3 2026.
How much does Kardpay cost and how does cashback work?
There is a one-off 28 USD issuance fee, a 4% top-up fee and a 0.25 USD fee per authorization (even if declined). An 'up to 8%' cashback paid in USDC or KDY tokens is advertised, but the tiers and thresholds are not published, so it is not verifiable.
Sources
- Official service page Carta virtuale · Fee emissione 28 USD · Cashback fino all'8% · Stablecoin/BNB · +2 Data verified on Jun 22, 2026
- cryptocardhub.com Regolamentazione (nessuna licenza pubblica · ROSSCAPITAL US LLC · Brisama Dubai · Diritto DIFC) · +2 Data verified on Jun 23, 2026
- opencryptocards.com Emittente Kardpay FZCO · Fee annuale free · Top-up 4% · Custodial · +7 Data verified on Jun 23, 2026
- todey.xyz Network Mastercard · Custodial · KYC · Regioni US/UK/EU/LATAM · +5 Data verified on Jun 22, 2026