Visa
RedotPay
8.4/10Overall Score
Card Mode
Third-party custody
Card Type
Credit
Mobile Payments
Google PaySupportedApple PaySupported
About the Project
Fees & Rules
01Getting Started
- Virtual Card Application
- $10
- Physical Card Application
- $100
02Spending & Conversion
- Base Transaction Fee
- 1%
- ATM Withdrawal
- 2%
- FX Fee
- 1.2%
- Small Transaction Fee
- $0.2
- Refund Fee
- $0.5
03Rewards
- CashbackCashbackOnly those who subscribe to the RedotPay Pro membership plan are eligible for cash back, with a maximum cash back of $18 per month.
- 3%
Team & Investors
Team 7
Michael GaoCo-Founder & CEO
Gao ZhangpengCo-founder
Jonathan ChanHead of Partnership & Co-founder
Bosco LaiHuman Resources Business Partner
Chen LiGeneral Counsel
Lucas GomesSenior Community Manager
Recent News
RedotPay, seeking a valuation of 5 billion USD, is already struggling to keep up with growthRedotPay acquires the Japanese cryptocurrency exchange BTCBOXStablecoin payment company RedotPay completes financial audit and continues to advance its IPO plan in the United StatesRedotPay selects OpenPayd to strengthen global stablecoin payment infrastructure for millions of customers - ChainwireBinance Pay announces the termination of its partnership with RedotPayHong Kong-based stablecoin payment company RedotPay is raising new funds, aiming for a valuation of over $4 billion in its US IPO.
Card Guide
Overview
RedotPay is a Hong Kong-headquartered crypto payment platform operated by Rabbit7 Holding (BVI) Limited, with licensing and compliance arrangements spanning Hong Kong and several other jurisdictions. Positioned around everyday stablecoin spending, it reports more than 5 million users and roughly USD 2 billion in cumulative payment volume. Customer assets sit in segregated custody with Cactus Custody, a licensed trust company in Hong Kong, and are covered by crime and physical-loss insurance.
The product runs on Visa and comes as both a virtual and a physical card, covering online subscriptions, in-store payments and ATM withdrawals, with Apple Pay / Google Pay support depending on region. The app also bundles P2P off-exchange trading, cross-border remittance, crypto-collateralised credit lines, an Earn yield account and instant swaps, forming an integrated wallet-plus-card-plus-remittance stack.
Plan comparison
| Item | Base card | RedotPay Pro (paid membership, monthly or annual) |
|---|---|---|
| Benefits | the value sits mainly in a low-cost spending channel, P2P funding and cross-border transfers. | 3% cashback on Apple Pay and Google Pay purchases, credited automatically after settlement with no separate opt-in; the monthly plan includes a virtual card with the issuance fee waived and the annual plan includes a physical card; annual members get fee-free ATM withdrawals up to USD 1,000 a month; members holding an Earn balance receive an extra 1% APY on the annual plan. |
Benefits
| Item | Details |
|---|---|
| Base card: | the value sits mainly in a low-cost spending channel, P2P funding and cross-border transfers. |
| RedotPay Pro (paid membership, monthly or annual): 3% cashback on Apple Pay and Google Pay purchases, credited automatically after settlement with no separate opt-in; the monthly plan includes a virtual card with the issuance fee waived and the annual plan includes a physical card; annual members get fee-free ATM withdrawals up to USD 1,000 a month; members holding an Earn balance receive an extra 1% APY on the annual plan. | |
| Other perks: | a USD 5 sign-up spending credit (spend-only, it cannot offset the issuance fee); Earn stablecoin demand yield. |
Fees
| Item | Details |
|---|---|
| Issuance fee (one-off): | USD 10 for the virtual card, USD 100 for the physical card. |
| Account maintenance / monthly / annual fee: | all zero. |
| Transaction fee: | zero when spending in the card's default currency; 1% to convert crypto into spendable balance. |
| FX fee: | 1.2% on transactions in a currency other than the default. |
| ATM withdrawal: | 2% up to USD 10,000 a month on the USD card and 3% above that; a flat 2% on the HKD card; ATM operators may charge separately. |
| Top-up / funding: | crypto deposits are free (network gas applies); card or bank-card top-ups cost 3%, minimum USD 1. |
| Other fees: | 1.5% at certain merchants (Facebook Ads, Discord, some games), waived for the first 3 transactions each month with a USD 0.50 minimum; USD 0.20 small-authorisation fee, with the first 5 per card each month waived; USD 0.50 declined-payment fee, with the first 3 each month waived; USD 2 card closure; accounts unused for 6 consecutive months are closed automatically. |
| Tier differences: | RedotPay separates users by whether they subscribe to Pro rather than by card tier. Pro does not change the fees above; its value comes from waived issuance, fee-free ATM use, cashback and the Earn boost. |
Availability
| Item | Details |
|---|---|
| Supported regions: | any market outside the issuance-restriction list — 100+ countries and territories including the UK, most EU member states, Hong Kong (China), Taiwan (China), Japan, South Korea, Malaysia, Thailand, the Philippines, the UAE, Saudi Arabia, South Africa, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia and Peru. |
| Unsupported regions (47): | Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Bouvet Island, Burkina Faso, Burundi, the Central African Republic, the Democratic Republic of the Congo, Croatia, Cuba, Eritrea, Ethiopia, Guinea-Bissau, Haiti, India, Indonesia, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, mainland China, Mali, Montenegro, Morocco, Myanmar, Nepal, the Netherlands Antilles, Nicaragua, North Korea, North Macedonia, Russia, Serbia, Singapore, Slovenia, Somalia, South Sudan, Sudan, Syria, Turkey, Ukraine, the United States, Venezuela, Yemen and Zimbabwe. Residents there cannot obtain a virtual or physical card, and these locations cannot be registered as a billing address. |
| Spending limits: | up to USD 100,000 per transaction and USD 1,000,000 per day. |
| ATM limits: | USD 3,750 per day and USD 50,000 per month on the USD card, with at most 5 withdrawals a day and 75 a month; USD 3,000 per day and USD 10,000 per month in some markets. |
| Sign-up requirements: | aged 18 or over; full KYC (passport, national ID or driving licence valid for at least three months — photocopies and screenshots are rejected); one verified account per person; no bank account or credit check, since funding with crypto is enough to start. |
