BenPay Card

What the BenPay Card is

BenPay is the card arm of BenFen, operated by a US-registered fintech holding a FinCEN MSB licence. Its distinguishing idea is that the money sitting on your card does not sit still: card balances are placed into on-chain strategies and earn rewards that settle daily, and you can withdraw or reinvest them the next day. Idle funds grow while they wait to be spent.

Three tiers, one card type

Rather than one product, BenPay sells three card variants you can switch between. Alpha is positioned around no top-up fees, Sigma around no annual fees, and Delta around no monthly fee. All three are described as having zero annual fees, and the card comparison table on the site is where the per-tier detail lives.

Self-custody and limits

Keys stay with the user, and card access is authorised by wallet signature rather than by handing custody to an issuer. You can freeze and unfreeze the card from the app. Spending limits run up to $200,000 per card, which is aimed at high-volume and business use rather than casual spending. Top-ups and withdrawals support USDT and USDC across more than ten chains including Ethereum, Solana, Tron, BSC, Polygon and Arbitrum.

Where it is accepted

The card advertises global acceptance online and offline, support for Apple Pay, Google Pay, Alipay and WeChat Pay, and compatibility with AI subscriptions such as ChatGPT and Claude - a practical use case for stablecoin holders who cannot pay for those services with a local card. Smart contracts are audited by SlowMist.

BenPay keeps funds in self-custody and pitches on-chain yield on the idle balance, the same idea as the Solid Card, which pays 3% to 5% in USDC, and the Rebind Card, whose euro savings earn up to 5%. Whether the yield is paid on-chain or off matters for custody and tax, and the crypto cards directory notes which is which.

On-chain yield on your balance

• Card account balance automatically participates in on-chain strategies.
• Rewards settle daily and can be withdrawn or reinvested the following day.
• Funds remain spendable while they earn, so there is no separate lock-up and card wallet to manage.

Self-custody and control

• Users hold their own private keys; card access is granted by wallet signature.
• Freeze and unfreeze the card instantly from the app.
• Smart contracts audited by SlowMist, with the audit report published publicly.

Funding and acceptance

• Direct USDT and USDC deposit and withdrawal across 10+ chains.
• Zero cryptocurrency conversion fees advertised.
• Apple Pay, Google Pay, Alipay and WeChat Pay supported.
• Used for e-commerce, food delivery, retail, streaming, gaming, travel bookings and AI subscriptions.

Applications

• Three-step application: choose card type, pay the issuance fee, submit basic information.
• No advanced deposit or staking of tokens required.

Funding assets

The card is built around stablecoins: USDT and USDC can be deposited and withdrawn directly across ten or more chains, including Ethereum, Solana, Tron, BSC, Polygon and Arbitrum. Stablecoin funding keeps the card balance predictable between top-up and purchase, which is what you want for a spending card.

Why multi-chain matters

Supporting several chains means you can fund from whichever network your stablecoins already sit on, avoiding a bridge before you can spend. Confirm the specific network and address in the app each time, since deposits sent on an unsupported chain are not recoverable.

Yield considerations

Because the balance is deployed into on-chain strategies, the assets backing your spending are exposed to those strategies. BenPay's contracts are SlowMist-audited, but audit coverage is not a guarantee against loss - size the balance you leave on the card accordingly.

Published on the card page

• Monthly fee: $0 on the Delta card; Alpha is positioned around a 0% top-up fee; Sigma around no annual fees.
• Annual fee: $0 across all three cards.
• Cryptocurrency conversion fee: zero, as advertised.
• Application: choose a tier, pay its issuance fee, then submit basic information.

Not published

BenPay does not publish the issuance fee for each tier, the ATM withdrawal fee, or any FX markup on its card page. Because the tiers are differentiated precisely by which fee they remove, check the in-app comparison before paying for a card - the cheapest tier to issue is not necessarily the cheapest to run.

What the balance earns

Rather than cashback, BenPay returns value through on-chain yield on the card balance, settled daily. Treat that as a variable return rather than a fixed rate, and note that on-chain strategies carry risk that a flat cashback programme does not.