Payy Crypto Card Fees, Virtual Visa, USDC And Payy Network

Payy Card Overview

Payy Card Key features

• Private USDC spending

  The card spends USDC from private UTXO notes on Payy Network. Zero-knowledge proofs help prevent public explorers from linking a Visa purchase to your wallet balance or purchase amount.

• Self-custody wallet

  Your funds stay in the Payy Wallet until you spend them. You control the wallet keys, but losing the recovery material can mean losing access to the funds.

• Virtual Visa card

  After identity verification, Payy provides virtual Visa card details in the app. You can use the details for online checkout or add the card to Apple Pay or Google Pay.

• No credit check

  Approval is based on identity verification rather than a credit check. Spending is limited by the USDC loaded in the wallet.

• USD fee-free spending

  Payy lists no application fee, monthly fee, top-up fee, or Payy transaction fee for USD spending. Source-chain gas, partner spreads, and other third-party charges can still apply.

• Foreign exchange fee

  Published descriptions put the foreign currency charge at about 1 percent on top of the Visa exchange rate.

• Payy Points

  Published descriptions say users earn about one point per dollar held per day, plus referral points. Points are not cashback and were used to unlock the physical card.

• App card freeze

  You can freeze the card in the app if you lose a device or card.

• Visa merchant payments

  The card is designed for Visa merchant payments, including online purchases and mobile-wallet payments. Some merchants, hotels, car rentals, fuel stations, and foreign merchants may reject prepaid-style authorizations or US-issued card numbers.

• Contactless physical card

  Payy has described a contactless physical card with no chip or magnetic stripe. Physical supply was limited and later listed as sold out, so availability is uncertain.

• Contactless ATM beta

  Payy documents mention contactless ATM access in private beta. A public ATM fee table is not published.

• Supported deposit networks

  Published materials list Ethereum, Base, Polygon, Optimism, and Arbitrum for deposits involving supported stablecoins such as USDC, USDT, and USDC.e. Routes can change, so the live deposit screen is the current reference.

• Card KYC required

  Identity verification is required for the card and regulated fiat deposit routes. Crypto sending and receiving on Payy Network can work without card KYC.

• Withdrawable USDC

  Users can withdraw remaining USDC on chain if they stop using the card. Card availability may change separately from access to wallet keys and crypto withdrawals.

Payy Card Fees

• Application fee No Payy application fee is listed.
• Monthly fee No monthly card fee is listed.
• USD transaction fee No Payy transaction fee is listed for USD spending.
• Top-up fee No Payy top-up fee is listed, but source-chain gas still applies.
• Foreign currency fee Foreign currency spending costs about 1 percent on top of the Visa rate.

Payy Card Supported networks

• Ethereum
• Base
• Polygon
• Optimism
• Arbitrum

How to use Payy Card

1. 1

   Check card availability

   Open the official Payy app and docs to confirm that Payy Card is still issuing in your region. User reports say the Visa program may have ended in some regions.

2. 2

   Create your wallet

   Download Payy Wallet from the official site, create a wallet, and store the recovery material offline. Payy Wallet uses self custody, so losing the keys can mean losing access to the funds.

3. 3

   Verify your identity

   Complete KYC in the app to apply for the card. KYC is required for Payy Card and for regulated fiat deposit routes.

4. 4

   Receive and fund the card

   Open the card section after approval to get the virtual Visa details. Deposit USDC, or a supported stablecoin that swaps into USDC, from Ethereum, Base, Polygon, Optimism, or Arbitrum, then confirm the balance after the transfer or bridge completes.

5. 5

   Make the first payment

   Use the virtual card number for an online checkout, or add the card to Apple Pay or Google Pay and tap at a Visa merchant. Check your wallet after authorization to confirm the USDC debit.

Payy Card Screenshots

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Payy Card User Reviews

• 

  @alistrago_crypt Jul 20, 2026

  Been using Payy card for over a year - zero declined TX and totally privacy

  View on X ↗
• 

  @Adib2410119 Jun 24, 2026

  Top 4 most good crypto card
  Bitge twallet card
  Bybit card
  Redotpay
  Payy
  Personally I use most bitget wallet card & payy card.

  View on X ↗
• 

  @eckemon Aug 28, 2026

  @payy_link Are you shutting down the payy card in whole EU? Why? I was very happy with my payy card :(

  View on X ↗

Payy Card Review

Payy funding

• Founded by Polybase Labs was founded by Sid Gandhi, CEO and former Apple iOS engineer, and Calum Moore, CTO.
• Seed - Mar 2026 Payy raised $6 million in a seed round led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto.
• Pre-seed - date not published Payy raised $2 million in pre-seed funding under the Polybase name, but the raw data does not name a lead investor.

Payy Card Updates

1. 

   Payy Sep 29, 2026 · 21:30
   Post mortem for the September 24th, 2026 exploit of Payy's bridge contract.
   Based on our investigation, it appears that an attacker submitted an invalid burn proof that Payy’s deployed Noir/Barretenberg verifier accepted.
   The first burn released 1,828,589.378132 USDC from the Payy rollup even though it appears that the transaction was invalid. A second burn of 1 USDC was paid early by a burn substitutor and later reimbursed. The second transaction released 90,202.820016 USDC to the same receiving wallet.
   It appears there was a proving-system vulnerability in the Noir/Barretenberg verifier, developed by Aztec.
   Full report: https://polybase.notion.site/Payy-USDC-withdrawal-exploit-postmortem-v4-final-3ea822fadf1e8097abb4dae2bc3c18cf?source=copy_link

   1 more in this thread

   The next step is a remediation plan for users. We will be publishing that in the coming days. Thank you for your patience.
   • 44 replies
   • 10 reposts
   • 162 likes
   • 29K views
2. 

   Payy Sep 25, 2026 · 17:29
   We have finished initial root cause analysis of the exploit and are working with a top audit firm to validate it before releasing.
   It was NOT a compromised key, social engineering or exploit of our off-chain infrastructure.
   We aim to have a fully validated report to share in the next few days.
   • 21 replies
   • 1 reposts
   • 71 likes
   • 17.4K views
3. 

   Payy Sep 24, 2026 · 17:58
   We can confirm the stolen funds were users' non-custodial deposits to Payy Network / Payy Wallet.
   We are working on retrieval of funds and root cause analysis for the exploit.
   • 14 replies
   • 2 reposts
   • 74 likes
   • 19.7K views
4. 

   Payy Sep 24, 2026 · 16:04
   We have paused functionality on Payy Wallet.
   We will provide details on next steps for users as soon as possible.
   • 5 replies
   • 1 reposts
   • 41 likes
   • 11.6K views
5. 

   Payy Sep 24, 2026 · 16:02
   Law enforcement, exchanges, blockchain analytics companies and other relevant parties have been notified of attacker addresses.
   • 1 replies
   • 31 likes
   • 7.9K views
6. 

   Payy Sep 24, 2026 · 14:35
   We're have notified law enforcement and are working with multiple incident response organizations.

   1 more in this thread

   We're have notified law enforcement and are working with multiple incident response organizations.
   • 2 replies
   • 48 likes
   • 18.7K views
7. 

   Payy Sep 24, 2026 · 14:04
   Today at 4:21 UTC Payy’s bridge contract on Ethereum was exploited and drained of its full balance.
   Investigation is ongoing and we are following incident response guidelines.
   While we investigate, all Payy Network transactions are paused including deposits, withdrawals, transfers and card transactions.
   We will continue to communicate updates here.
   • 77 replies
   • 60 reposts
   • 359 likes
   • 224.5K views
8. 

   Payy Sep 23, 2026 · 17:36
   Finality’s legal recourse workflow now has KYC/KYB and verified counterparty wallets.
   This connects identity → payment → LP-backed dispute → resolution.

   

   1 more in this thread

   Read more about the verified counterparties feature: https://finality.payy.network/docs/features/verified-accounts-and-teams
   • 3 replies
   • 1 reposts
   • 14 likes
   • 7.3K views
9. 

   Payy Sep 12, 2026 · 23:21
   stablecoins need chargebacks and dispute resolution
   • 3 replies
   • 1 reposts
   • 9 likes
   • 1.4K views
10. 

    Payy Sep 12, 2026 · 13:22
    found my favorite app for payments
    - abstracted UX + unique/simple design
    - payment links instead of addresses
    - private by default (built in mixer)
    - no login (export your key from settings)
    been showing it to my friends + family since last night and they all said the same thing:
    “wow, so simple and cool”

    
    • 7 replies
    • 1 reposts
    • 16 likes
    • 2.2K views
11. 

    Payy Sep 11, 2026 · 18:48
    Cool solution from @payy_link for stablecoin refunds. Having a third-party provide insurance is a much more elegant way to protect payments than credit card chargebacks, which oddly impose the cost on the recipient and are rife with fraud.
    One quick correction to the video however: given Tempo's current architecture it's trivially easy to reverse every stablecoin payment. (looking forward to when that changes)
    • 4 replies
    • 1 reposts
    • 10 likes
    • 3.1K views
12. 

    Payy Sep 11, 2026 · 17:41
    Sid & co have been innovating on private payments for a while. I was a big fan of their early Apple Pay-backed onramp & privacy design for their wallet.
    Why Tempo?
    - great ux with stable gas, passkeys and memos
    - codex told them to
    GG. Onwards.
    • 3 replies
    • 1 reposts
    • 52 likes
    • 9.3K views
13. 

    Payy Sep 11, 2026 · 15:10
    Ok, a lot of people seem to think we’re reversing blockchain transactions
    That’s not what Finality does. The payment is irreversible on the blockchain.
    Finality is an economic system, not a technical one.
    • 10 replies
    • 1 reposts
    • 29 likes
    • 3.9K views
14. 

    Payy Sep 10, 2026 · 14:02
    Introducing Finality: Chargebacks for Stablecoins
    Trillions of dollars are transacted today without a way to dispute a single payment.
    Finality is the first to give enterprises dispute resolution to their customers without reversing blockchain transactions.
    We're inviting payment providers, LPs, and arbitrators to help shape the network ahead of broader access.

    2 more in this thread

    Finality brings protected-payment workflows, pooled liquidity, and neutral arbitration together as infrastructure for stablecoin providers.
    We’re inviting payment providers, LPs, and arbitrators to help shape the network ahead of broader access.

    Try Finality at https://finality.payy.network

    
    • 42 replies
    • 25 reposts
    • 274 likes
    • 89.7K views

Payy Card Reviews & Comments

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