BenPay
4.7/10Overall Score
Card Mode
Self-custodial
Card Type
Debit
Mobile Payments
Google PaySupportedApple PaySupported
About the Project
Fees & Rules
01Getting Started
- Virtual Card Application
- $9.9
02Spending & Conversion
- Base Transaction Fee
- 1%
- Top-ups Fee
- 0%
- FX Fee
- 1.5%
Team & Investors
Team 1
Michelle YeCEO
Card Guide
Overview
BenPay is the on-chain payments platform of the BenFen ecosystem, operated by BenFen Inc., registered in the United States as a money services business (MSB 31000260888727). The Visa debit card uses an on-chain self-custody design: assets stay in the user's wallet and each purchase is authorised by a wallet signature. Three tiers exist, Alpha, Sigma and Delta, aimed at low top-up costs, long-term cross-border use and AI subscriptions respectively, all with a USD 9.9 issuance fee.
| Item | Details |
|---|---|
| Card forms: | virtual and physical, with Apple Pay, Google Pay, Alipay and WeChat Pay. |
| Tiers: | Alpha, Sigma and Delta. |
| Funding: | USDT and USDC across BenFen, Ethereum, BSC, Polygon, Arbitrum, Base and other chains. |
| Use cases: | cross-border spending, SaaS and AI subscriptions such as ChatGPT, Claude and Gemini, e-commerce and local QR payments. |
Benefits
| Item | Details |
|---|---|
| Self-custody: | assets are controlled by the user's wallet signature, not held by the platform. |
| High ceilings: | USD 200,000 per card on Alpha and USD 5,000,000 on Delta, with no annual fee on any tier. |
| Payment reach: | Alipay and WeChat Pay QR payments alongside the Visa rails. |
| Tier fit: | Alpha for zero top-up fees and large purchases, Sigma for long-term use in Asia with predictable cross-border costs, Delta for AI subscriptions and global online spending. |
| Deposit: | USD 100 on Alpha and USD 20 on Sigma and Delta, held against chargeback risk. |
Fees
| Item | Details |
|---|---|
| Issuance: | USD 9.9 on all three tiers, with no annual fee. |
| Alpha: | no monthly fee, 0% top-up, 1% spending fee and 1.5% cross-border fee with a USD 0.01 minimum. |
| Sigma: | USD 1 a month, 1.5% top-up, 0.5% spending fee with a USD 0.5 minimum and USD 0.5 per non-USD transaction. |
| Delta: | USD 1 a month, 0.5% top-up, USD 0.35 plus 1% per purchase and a further 1.5% on non-USD transactions. |
| Other: | Sigma charges USD 0.1 per decline, USD 0.03 per 3DS check and USD 2 per refund; Delta charges USD 25 for a disputed refund. |
| Cash-out: | converting the balance back to crypto costs 1% on Alpha and Sigma and is unavailable on Delta. |
Availability
| Item | Details |
|---|---|
| Supported: | spending is accepted in more than 200 countries and territories across Asia-Pacific, the Middle East, Europe and Latin America. |
| Spending limits: | USD 10,000 a day on Alpha, USD 300,000 on Sigma and USD 100,000 on Delta. |
| Onboarding: | KYC plus a wallet on a supported chain, with the card usable as soon as it is funded in USDT or USDC. |
| Subscription tip: | AI subscription payments are more reliable with a US IP address and a US billing address. |
| Assets: | USDT and USDC only. |