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Illustration in the plan's colour, not the issuer's artwork

SafePal Card

MastercardHybridKYC fulldebit

SafePal Card is a virtual Mastercard debit card tied to a Fiat24 Swiss IBAN account opened inside the SafePal app; you top up the account with USDC on Arbitrum and spend from it. It has no subscription and no cashback, and Paymentscan shows spend collapsing in 2026 after the direct fiat on-ramp was disabled.

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42Card Score, #22 of 36
−$24You keep a year
D44Trust points of 100
63%Key fields with a source

Plans side by side

Standard
Price
Monthly priceFree1No account setup or management fees
Yearly priceFree1
Virtual card feeFree1Bank page lists zero account setup and management fees and no card fee; Paymentscan also lists the virtual card as free
Staking needed01No mandatory staking; staking SFP only unlocks higher account tiers
Other requirementsFiat24 KYC; citizen and resident of a supported region; minimum 10 USD/EUR/CHF balance to activate the card1,5
Rewards
PointsAccount points raise the account tier (reassessed monthly from 3 months of points); Silver tier gets a 0.1% top-up rebate4Tier tables are in images the page text does not show
PerksApple Pay, Google Pay and Samsung Pay, Swiss IBAN account (EUR, CHF, USD, CNY)1,6
Fees
FX fee1%31% on Mastercard transactions settled in a currency other than the card balance currency; the Paymentscan card table also lists 1%, with no FX fee when paying from a matching currency balance
Crypto conversion fee0%3Standard top-up fee is 0% per the newer article; the older tier article says 1% and the bank page says as low as 0.4% for the top tier. Swaps carry a spread and gas applies
Top-up fee0%3Newer help article says standard 0%; older article (S4) says 1% standard; bank page says as low as 0.4% for the highest tier
Limits
Spend limit a day$10,0002USD, currently issued cards; max 100 transactions a day. Fiat24 docs give 10,000 EUR for Standard; SafePal bank page lists 1,600 EUR contactless and 5,000 EUR other methods per day
Spend limit a month$20,0002USD, max 500 transactions a month; Fiat24 docs give 20,000 EUR for Standard

What you keep

FX fee on foreign spend−$24
Net a year, Standard plan−$24

$1,000 a month, 20% in a foreign currency, no staking. Change

Trust

Licence and regulator6 of 25

The card is issued by SR Saphirstein AG per Fiat24 documentation, but no licence or regulator is stated on the pages read. SafePal says Fiat24 handles compliance and licensing.5,1

Custody and fund protection8 of 20

Funds sit in a Fiat24 account held for the user, separate from the self-custodial SafePal wallet. No proof of reserves or insurance is published.2,1

Incidents in the last 24 months13 of 20

No loss event found, but the direct fiat on-ramp was disabled in Mar-2026 and spend then collapsed.6

Track record and verified volume8 of 15

Live since Nov-2023 with $38.8M all-time volume on Paymentscan, but monthly volume fell to about $34K by Nov-2026.6

Published fees and terms5 of 10

Fees and limits are published, but older and newer articles disagree on the top-up fee and the network, and tier tables are in images.3,4

Support and user sentiment4 of 10

Support is a Zendesk help centre and request form only; no hours, phone or chat are published.1

Company

Websitesafepal.com1

Issuer and licence

Card issuerSR Saphirstein AG5Named in Fiat24's Mastercard debit documentation (BIN 5,481 849); SafePal's FAQ says the card is jointly issued by SafePal and Fiat24, and its bank page does not name an issuer
Program managerSafePal with Fiat241,2Fiat24 solely handles compliance and licensing per SafePal's bank page
NetworkMastercard1,5Launch-era pages and some user reports say Visa; current SafePal and Fiat24 pages say Mastercard

The card

Statuslive1Bank page still offered; Paymentscan reports the direct fiat on-ramp disabled since Mar-2026
Launched2023-116
Typedebit1,5
FormsVirtual1,5Virtual only, no PIN
Custodyhybrid1,2Funds sit in the user's Fiat24 bank account, separate from the self-custodial SafePal wallet
How custody worksCrypto is deposited into a Fiat24 Swiss IBAN account (balances held as EUR24, USD24, CHF24 tokens); the card spends from that account2
KYCfull2Fiat24 performs KYC; SafePal says it does not collect or access it
Settles inUSD6Card balances can be EUR, USD, CHF or CNY
Card currenciesEURUSDCHFCNY5,6

Funding

Crypto acceptedUSDC6USDC on Arbitrum is the default; other assets are swapped or bridged into it in the app
ChainsArbitrum1,6The bank page says 40+ chains can be used for top-up via the app
Fiat top-upBank transfer to the Swiss IBANThird-party on-ramps in the app6Paymentscan reports SafePal's direct fiat on-ramp disabled in Mar-2026
Deposit fees0% standard; as low as 0.4% (best tier) per other page; gas and swap spread apply3,1Older article says 1% standard
Spends fromFiat24 account balance after top-up2

Payments

Apple Pay1,5
Google Pay1,5
Samsung Pay1,5
Contactless11,600 EUR a day limit for contactless
Blocked merchantsPayments to OFAC-sanctioned countries or entities are rejected; some transport, utility and in-flight payments limited in certain countries5

Account

IBANPersonal Swiss IBAN1
Local accountsEUR, CHF, USD, CNY6
P2P transfersTransfers between accounts within Fiat24 are free3
Crypto to bankYes3Transfers to external banks have no SafePal or Fiat24 fee
Crypto loansNo6Borrow to spend: no
Multi-currencyYes6
OtherRefunds cost 1 USD/EUR/CHF (7 CNH) each, deducted from the refund (from May-15, 2026)5

App

SupportZendesk help centre and request form1

Adoption

On-chain spend, all time$38,800,0006Paymentscan: 2,420,213 transactions, 44,797 addresses
On-chain spend, last month$34,2006Paymentscan figure for Nov-2026 (month to date); peak was $3.346M in Jan-2026

Referrals

User referralsReferral commissions up to 40% of referred accounts' top-up fees, by tier1

Incidents and changes

Mar 2026SafePal's direct fiat on-ramp was disabled until further notice; Paymentscan volume then fell from about $2.7M in Jun-2026 to about $34K in Nov-2026.6outage

More details

Fiat24 account tiers (card limits)Standard 10,000 EUR/day, 20,000 EUR/month; Premium 100,000/200,000 EUR; Ultimate 500,000/1,000,000 EUR; tier follows the Fiat24 NFT held. SafePal says the higher cards are not yet issued to ordinary users5,2
IBAN account limitRemittance, exchange and spending count together; $100,000 or $1,000 a month depending on region2
SFP staking for tiersOptional; 90-day lock, no early redemption; unlocks higher account tiers4

Quick answers

What does the SafePal Card cost?

The Standard plan: Free a month, — for a physical card.

How much cashback does the SafePal Card pay?

— on the Standard plan, paid in a form not published.

What is the SafePal Card FX fee?

1% on the Standard plan.

Is the SafePal Card custodial?

Hybrid. Crypto is deposited into a Fiat24 Swiss IBAN account (balances held as EUR24, USD24, CHF24 tokens); the card spends from that account

Is the SafePal Card available in the US, the UK and the EEA?

US: not stated. UK: not stated. EEA: not stated.

How much do you keep with the SafePal Card?

−$24 a year on the Standard plan at $1,000 a month with 20% in a foreign currency, after every fee.

Sources

  1. SafePal Banking Gateway, issuer, Nov-05, 2026
  2. FAQ about the SafePal Banking gateway and Fiat24 account, issuer, Nov-05, 2026
  3. SafePal fee rates article, issuer, Nov-05, 2026
  4. SafePal account tiers, points and privileges (older article), issuer, Nov-05, 2026
  5. Fiat24 documentation: Mastercard debit, issuer, Nov-05, 2026
  6. SafePal Card on Paymentscan, paymentscan, Nov-05, 2026

Something wrong or out of date? Report it with a source.