PayFun Card Review (2026)

The PayFun Card is a Visa debit card with no annual fee, available in Not disclosed.

Reviewed by Card Pilled Editorial · Last verified 2026-08-03

Elevated risk: PayFun publishes no issuing bank, BIN sponsor, licence or regulator registration. The company shipping the app, Chainup KeySecure UAB, is listed in Lithuanian registry records under a management-consultancy activity code rather than any payments authorisation, and no founder or team is named publicly. The product is only weeks old, appears on no established card aggregator, and essentially every published fee figure originates from affiliate-incentivised reviews rather than PayFun's own terms. No exit-scam allegations were found, but there is almost no independent user-protection signal either way. Sources: [1] [2] [3]

Key Facts

Cashback
None
Annual Fee
$0
Region
Not disclosed
Type
Debit
Network
Visa
KYC
full
Mobile Pay
Apple Pay, Google Pay

Overview

PayFun is a stablecoin-funded prepaid Visa launched in July 2026 with an iOS app and both virtual and physical cards. The App Store seller is Chainup KeySecure UAB, a Lithuanian company (registry code 306106725) listed on the Lursoft registry aggregator under a management-consultancy activity code rather than any payments or crypto-asset authorisation. The name suggests a link to ChainUp, a Singapore digital-asset infrastructure vendor that sells a white-label crypto card stack, but no ChainUp statement naming PayFun could be found, so that link is inferred and not confirmed.

The PayFun Card is a crypto debit card offered by PayFun, available in Not disclosed. There is no annual fee to hold this card. It runs on the Visa network and requires full identity verification.

Cashback Tiers

PayFun Card cashback tiers and requirements
TierRateRequirement
Base0%No cashback or rewards programme is published; PayFun runs a referral commission instead

Pros

Cons

Fees & Costs

Conversion Fee
0.9-1.0% per transaction (reported, unverified)
FX Fee
1% (reported, unverified)
Top-Up Fee
Network gas only (reported)

Limits & Top-Up

Top-Up Assets
USDT, USDC
Top-Up Methods
Stablecoin deposit in the PayFun app; deposit chains are not published
Virtual Card Fee
$0 during the Genesis promo, $1 reported since the free slots were exhausted
Time to Card
Instant (virtual), 7-14 days (physical, reported)

Cost & Returns

On $500/mo spend, the estimated monthly cost breakdown for PayFun Card is: gas $0.50, conversion spread $5.00, flat/FX fees $0.00, and amortised card/tier fee $0.00, for a total drag of 1.1% of spend. After $0.00/mo cashback that is still a net cost of about $5.50/mo ($66.00/yr). Because PayFun Card is loaded on-chain, frequent small top-ups add gas cost: a daily-spender profile pays about $10.00/mo in gas versus $0.50/mo for a single monthly load, so total drag runs 3% with daily reloads versus 1.1% with a monthly reload. Figures are conservative estimates and vary with conditions.

Note: NOT a no-KYC card despite circulating alongside no-KYC listings: registration is by email or phone and then a government ID or passport upload is required. Launched around 15 July 2026, so it is a very new product with little independent track record. Prepaid Visa funded with USDT or USDC, converted to fiat at the point of purchase, with a virtual card issued instantly and a physical card reported at 7 to 14 days. The 'Genesis Aura' and 'Genesis Obsidian' tiers promoted on X are marketing labels for a free card-issuance cohort, not NFTs, a presale or a token allocation: Genesis Aura was claimable on registration and Genesis Obsidian was reserved for the first 300 qualified users. The '0-fee benefits' from 1 August 2026 are a per-transaction fee waiver capped at about $200 of spend for that cohort, which is a fee waiver and NOT cashback. The first 2,500 free card slots are exhausted and issuance is now reported at $1. NO issuing bank, BIN sponsor, licence or regulator registration is published anywhere, and the card BIN is reported by users to be Hong Kong. Spending and ATM limits are not published. Regional availability is NOT disclosed and eligibility for the US, EEA and UK is unconfirmed; observable distribution is overwhelmingly Chinese-language. VERIFICATION GAP: every fee figure listed here traces to affiliate-incentivised review posts and forum threads rather than PayFun's own terms, which could not be read in this review, and unconfirmed user reports mention KYC rejections and difficulty withdrawing or closing accounts holding a balance. Re-verify before relying on any of it.

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FAQ

What is the PayFun Card?

The PayFun Card is a crypto debit card offered by PayFun. It is available in Not disclosed and allows users to spend cryptocurrency at merchants worldwide.

What are the fees for the PayFun Card?

The PayFun Card has an annual fee of $0. Additional fees: Conversion fee: 0.9-1.0% per transaction (reported, unverified); FX fee: 1% (reported, unverified); Top-up: Network gas only (reported).

How do you top up the PayFun Card?

Supported assets include USDT, USDC; top-up methods include Stablecoin deposit in the PayFun app; deposit chains are not published.

Does the PayFun Card require KYC?

Yes. The PayFun Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.

Which countries is the PayFun Card available in?

The PayFun Card is available in Not disclosed.

Is the PayFun Card a credit or debit card?

The PayFun Card is a debit card. You need to load cryptocurrency onto the card before making purchases.

Does the PayFun Card support Apple Pay or Google Pay?

Yes, the PayFun Card supports Apple Pay and Google Pay for contactless payments.

Visit PayFun

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