One person on X who I’d be inclined to trust said it was working for them. On the other hand, the website seems fairly low on details and I notice that they don’t seem to mention their fees, which feels a bit sketchy.
The attraction here is that this is potentially a KYC-free Mastercard (so widely accepted with no fuss) which is available to those of us outside the US.
From memory - I can’t find the post where someone mentioned them - I think their fees are:
$30 to get the card
6% on top ups
$0.70 per transaction
2.5% on non-USD transactions
This is way too much for me, but it’s still interesting. I’ve love to be wrong about these fees. Take them with a pinch of salt.
Any thoughts? Is this just too good to be true? I’ve seen semi-credible claims that there is no way on earth anyone could issue a truly KYC-free Visa or Mastercard, but I’m definitely no expert on this stuff.
I don’t need this badly enough to be willing to pay these fees. I’d be willing to pay something for such a card, but not this much. I’d personally use it only for the rare occasions when I’m buying something in person (so no identifying things like a delivery address) and they won’t take cash and I’d reluctantly agree to pay with my regular credit card rather than just walk away.
I’ve used 2fiat and can confirm it works. I initially transferred $50 USDT and the transaction never confirmed. After a strange exchange with their support, they “found” my deposit and issued my card loaded with $20 USD, so the issuance and load fee was essentially $30. Only drawback (apart from the fees) is the card is issued in Hong Kong so there is a transaction fee every time you make a purchase.
Alternatives you could try are privacy.com or halocard.co. Both require some form of KYC (the cost of participating in a centralized economy I guess) but the latter is a credit card issued directly by Visa, without any bank involved.