Paycent is a crypto card that allows you to convert and exchange cryptocurrencies into your local currency to make purchases and withdrawal from ATMs. The card was launched in Singapore in March 2018.
Paycent is a new company with few customer reviews and its website is not currently accessible as of September 21, 2023. It’s hard to say if it’s reliable. Research other options like Club Swan and Wirex with more reviews. Read our crypto card reviews for more information.
How to Get Paycent Card and How It Works
To get a Paycent card, you need to first create a new account on the Paycent app. You will need to provide your personal information, including your name, email address, and phone number. You will also need to provide your source of income and upload a copy of your government ID. Once you have created your account, it will be reviewed and approved within two business days.
Once your account is approved, you can add funds to it. You can do this by using your debit card, bank account, vouchers, or Paycent merchants. Once your account is funded, you can order your Paycent card. The card will be shipped to you within 10 business days. Once you are approved, you can start using the Paycentvirtual card instantly, even before the physical card arrives in the mail.
Paycent cards support cryptocurrencies like Bitcoin and fiat currencies like EUR, GBP, and USD. The card is virtual and also available as a physical form. Paycent cards are China UnionPay Card, UnionPay International Card, Mastercard, and Visa.
The Paycent card always holds its balance in cryptocurrency. However, when you make a purchase with the card, it is automatically converted into the fiat currency of the merchant’s country.
Types of Paycent Cards
Here are the different types of cards offered by Paycent:
- Paycent Ruby: This is the most basic card offered by Paycent, but it has the lowest spending limit and no rewards.
- Paycent Sapphire: This card has a higher spending limit, and you also get 1% cashback on all your purchases.
- Paycent Solitaire: This card has the highest spending limit, and you also get 1.5% cashback on all your purchases.
All three cards are protected by Visa’s fraud protection and have low fees for transactions and ATM withdrawals. They can be used at millions of merchants worldwide.
Paycent Card Fees
| Service | Paycent Ruby | Paycent Sapphire | Paycent Solitaire |
|---|---|---|---|
| Physical Card Order (DHL/FedEx delivery) | $49.00 | $49 | $49.00 |
| Card Activation | Free | Free | Free |
| First PIN Generation | Free | Free | Free |
| Domestic/International ATM Withdrawal | $4.00 | $3.50 | 2.50% (minimum of $3.00 per transaction) |
| Domestic/International Retail Transaction (POS) | $3.00 | $0.20 | 1.50% |
| Foreign Transaction Fee – Network | 1.25% | N/A | 1% |
| Virtual Card | N/A | Free | N/A |
| Monthly Card Residency Fee | N/A | N/A | Free (if min. monthly trans. > $10,000); $2.00 (if monthly trans. < $10,000) |
Limits on Paycent Cards
| Account Profile | Daily Spending Limit | Withdrawal Limit |
|---|---|---|
| Paycent Ruby | US $5,000 | US $5,000 |
| Paycent Sapphire | US $5,600 | US $1,650 |
| Paycent Solitaire | US $13,000.00 | US $10,000.00 |
Paycent Alternatives
You can also go for crypto friendly bank accounts if you want additional services that are not possible with Paycent. Revolut, for example, comes with a multi-currency account, including your own IBAN numbers.
More Information on Paycent Crypto Card and Fiat Card
- Paycent website
- Paycent on Facebook
- Paycent on Twitter
Paycent FAQs
How does Paycent work?
Paycent is a mobile wallet that comes with a virtual card and physical card that allows consumers and merchants to convert and exchange cryptocurrencies into their local currency to make purchases and withdrawals.
What are Paycent card countries?
Paycent is available in many countries and territories worldwide, covering regions in Africa, Asia, Europe, North America, and Oceania. You can contact Paycent customer service for accurate information regarding the availability of their services in your country.
What is the limit on Paycent cards?
The Paycent Ruby account comes with a daily spending limit of $5,000 and a withdrawal limit of $5,000. The Paycent Sapphire account offers a daily spending limit of $5,600 and a withdrawal limit of $1,650. The Paycent Solitaire account provides a daily spending limit of US $13,000.00 and a withdrawal limit of US $10,000.00.