Karma Card
Karma Pay · Visa
Karma Card is the payment card from Karma Pay, an on-chain neobank that turns a self-custody wallet (e.g. Phantom on Solana) into a real-world bank account, with real IBANs and routing numbers. Funds stay in the user's wallet on-chain until the moment of payment, and the card is issued through Bridge's infrastructure (a Stripe company). The card is accepted everywhere Visa is accepted. Registration is free and there is no cashback (0%), while the foreign-exchange markup is up to 3%. The annual fee is not publicly documented: the value is set to 0 because the source lists registration as free and reports no recurring fee. ATM withdrawals are likewise not documented.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa |
|---|---|
| Fund custody | Self-custody (funds in your control) |
| Issuance fee | Free |
| Annual fee | Free |
| Free ATM limit | Prelievi ATM non documentati |
| ATM withdrawal | Free |
| FX markup | 3% |
| Cashback | — |
| Chains | Solana, Ethereum, Base, Polygon |
| On-chain settlement | Yes |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 4/10 |
| Supported countries | US, UK, EEA |
| Funding / solidity | Karma Pay è una neobank on-chain che offre conti bancari reali (IBAN e routing number), carte di pagamento e pagamenti istantanei su rail self-custody, unendo banca tradizionale e DeFi in un unico wallet. |
| Estimated net annual cost | €0/year |
| Regulator | Bridge (a Stripe company) - card-issuing infrastructure |
| OAM Italy registration | No |
| Segment | B2C |
| Funding / solidity | Karma Pay is an on-chain neobank offering real bank accounts (IBANs and routing numbers), payment cards and instant payments on self-custody rails, bridging traditional banking and DeFi in a single wallet. |
| MiCA / License status | Bridge (a Stripe company) card-issuing infrastructure Card issued through the card-issuing infrastructure of Bridge, a Stripe company; full KYC required. Karma Pay has no publicly documented licenses of its own. |
Strengths
- Self-custody: funds stay on-chain in the wallet until payment
- Real bank account with IBAN and routing number, accepted everywhere Visa is
- Free registration, built on Solana for low costs and speed
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- No cashback (0%) on purchases
- Foreign-exchange markup up to 3%, high for the segment
- Full KYC required via Bridge; ATM withdrawals not documented
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Card issued through the card-issuing infrastructure of Bridge, a Stripe company; full KYC required. Karma Pay has no publicly documented licenses of its own.): reporting to authorities and freezes on order.
Verdict
Limited regulatory protection: the card is issued through Bridge's infrastructure (a Stripe company) and requires full KYC, but Karma Pay has no publicly documented licenses of its own and is not registered as a VASP in Italy. The self-custody model reduces counterparty risk on funds, which stay on-chain in the user's wallet until payment.
Good on the sovereignty front: funds stay on-chain in a self-custody wallet (e.g. Phantom on Solana) controlled by the user until the moment of payment, avoiding third-party custody. However, mandatory full KYC and issuance via Bridge/Stripe limit privacy and introduce points of centralization.
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 Karma Card custodial or self-custody?
It is self-custody: your crypto stays in your on-chain wallet (e.g. Phantom on Solana) until the moment of payment, and the card is issued through the infrastructure of Bridge, a Stripe company.
How much does the Karma Card cost and does it offer cashback?
Registration is free and there is no cashback (0%). The foreign-exchange markup is up to 3%. Any annual fee is not publicly documented.
Sources
- Official service page Azienda · Descrizione · On-chain settlement · Payment network Data verified on Jun 22, 2026
- karmacard.io Supported currencies · Azienda info · Regulatory framework Data verified on Jun 23, 2026
- docs.karmapay.xyz Issuer · IBAN · Self-custody Data verified on Jun 22, 2026
- todey.xyz Payment network · Custodial · FX markup · Cashback · +4 Data verified on Jun 22, 2026