BitPay Prepaid Visa®


“The BitPay Prepaid Visa® is a reloadable prepaid debit card, not a credit card. This means you can’t spend more than the balance at any given time” (source).  The BitPay Prepaid Visa can be used to purchase goods and services at any location that accepts traditional Visa payments.

Merchant Settlements: There is no need to worry about volatility as the settling price can be chosen in a number of local currencies.  Merchants can also choose cryptocurrency and even split supported fiat crypto settlement options.  At present cryptocurrency settlement options include Bitcoin (BTC), Bitcoin Cash (BCH), as well as Gemini Dollar (GUSD), Paxos (PAX), and Circle USD Coin (USDC) stable coins.  Supported fiats include Australian Dollars, Euros, British Pounds Stirling, Mexican Pesos, New Zealand Dollars, United States Dollars, and South African Rand.  BitBay also supports direct deposit in 37 countries and supported settlements in over 200 (source).

Merchant Fees: A fee of 1% of the final sale price goes to BitPay.  This is at present lower than what a regular visa card at 1.5% would be.  Although there is no customer fee for utilization of the BitPay prepaid debit card, merchants do have the option to pass along the 1% service fee they incur on to the users (source).

BitPay prepaid cryptocurrency and Bitcoin debit card for USA residents only: Because it is a reloadable prepaid debit card and subject to US standardized banking law, full name, residential address, birthdate, social security number, and phone number are required for registration purposes (source).  The card itself is provided through the Metropolitan Commercial Bank and is available and supported in all 50 states.  Due to excessive regulations at present, the BitPay prepaid Visa seems to have a special advantage over many other cards in this list in regards to Bitcoin debit card USA usability and adoption. 

BitPay prepaid debit card initial cost: $9.95 USD payable in BTC or BCH

BitPay prepaid debit card limits and fees: There is a maximum upload limit on the card of $25,000 USD.  The card has a daily withdrawal limit of $3,000 USD, and up to $10,000 USD can be both uploaded and charged to the card on a daily basis.  For more on card holder fees and transfer limits please refer to the official BitPay Fee Schedule pdf chart.

Funding the BitPay prepaid debit card: Although there are multiple options to fund the BitPay prepaid debit card balance, by far the simplest and most convenient is utilization of cryptocurrency deposit via a connected BitPay wallet.  BitPay is usable on iOS, Android, Windows, and Linux and apps can be downloaded by following the link from the official BitPay Wallet webpage (https://bitpay.com/wallet).

In addition to using the official BitPay wallet, users can also top up account funds of their BitPay Bitcoin debit card in USA via direct deposit and ACH credit.

*All information for funding the BitPay prepaid debit card including the video and screenshot above taken from How do I add funds to my BitPay card?

Using the BitPay prepaid debit card: As you may have already guessed from the previous information, the BitPay debit card be used just about anywhere a regular visa or debit card can be used including ATM’s, in brick and mortar shops, and online.

BitPay Wallet: The BitPay non-custodial secure wallet is usable on iOS, Android, Windows, and Linux and apps can be downloaded by following the link from the official BitPay Wallet webpage (https://bitpay.com/wallet).  It should also be noted that although only residents of the US can at present order the BitPay prepaid visa, the non custodial wallet and app services are available to residents of many other countries throughout the world.

Official BitPay Links:

Interested in some of my other pieces on Bitcoin, Blockchain, and Cryptocurrencies?  If so, be sure to check out How to Get BitcoinsWhere to Trade CryptocurrencyBest Places for Trading Bitcoin and CryptocurrenciesHow to Trade Bitcoin: A Not So Brief Nor Overtly Technical OverviewLedger Nano S Cryptocurrency Hardware WalletHow to Purchase Ripple XRPHow To Buy NEOHow to Buy Ethereum Decentralized and So Much MoreBitcoin Machine Near Me?!?Should I Invest in Bitcoin?!? Past & Probable Future Conversations with MyselfJimmy D’s Answers to Bitcoin FAQ’s Especially For You: What Can Be Done With Bitcoin?!?,  How To Pay With BitcoinHow to Send Bitcoin: The BasicsThe Importance of Learning How to Create Bitcoin Wallet Private and Public KeysBuy Bitcoin with Debit Card: The BasicsBTC Numericalized: How Many Bitcoins Are There?Buy Bitcoin with PayPal: An Overview, and Buy Bitcoin with Bank Account Deposits and Transfers.
  • Please note: Although I have to the best of my ability done my due diligence in researching this piece, I am not a financial advisor and assume no responsibility for any losses incurred on the readers part for any investments or products supported obtained from this post.  Please understand that it is the readers responsibility to look after and maintain their own finances and perform all due diligence on their own part for their personal and financial well being and safety and not rely on myself or others in this space to keep them safe. In addition, although I have done my best to only include what appear to be legitimate sources and projects, due to the sheer volume and scope of projects in this post, unfortunately I have not personally had either the time or the resources available to verify the validity of all the projects mentioned, so please do be sure the do your due diligence before embarking on using or sending money to any of the above projects or companies.
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Jimmy D [Uplift.Art l The Uplift World]
Jimmy D [Uplift.Art l The Uplift World]

Philosopher, historian, educator, permaculturalist, writer, podcast and video host, and crypto/blockchain enthusiast.


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