Mypal Card

What is Mypal?

Mypal is a global payments platform operated by Innovate Labs Tech Inc., a Vancouver-registered company that lists a Money Services Business (MSB) registration with FinCEN (MSB Registration No. 31000301383068). Mypal bundles three products: a digital bank card, international remittance and a multi-currency virtual account (VA) service.

Crypto holders typically come to Mypal for the card — a custodial prepaid card funded with crypto and spent like any other bank card — rather than for a full exchange or wallet.

About the Mypal Card

The Mypal Card comes in two forms: a virtual card that is ready to use straight away, and a physical card shipped on a 7-day express service. Mypal markets the card for online consumption and offline payment in 180+ countries.

Cards are funded by crypto recharge on the TRC20 and BEP20 networks — the rails most commonly used for USDT — or by fast OTC recharge through a third-party licensed institution, with currency exchange handled at the point of top-up. Mypal states that value lands on the card in seconds with no holiday cut-off, that transactions pass through a real-time risk-control engine, and that the card supports global ATM cash withdrawal and card-to-card transfers within the same BIN.

Mypal does not publish a public fee schedule for issuance, maintenance, FX or ATM use; those rates are shown during onboarding. The card is a custodial product — the balance sits with the issuer rather than in a wallet you control.

Who it is for

The card suits crypto holders who want a fast, low-friction way to turn stablecoins into everyday spending power — online subscriptions, in-store payments and ATM cash while travelling — and who are comfortable with a custodial, KYC-screened prepaid card from a smaller issuer.

Mypal is a custodial prepaid card issued by a FinCEN-registered money services business, which keeps the compliance paperwork in the open. Laso takes the wallet-funded prepaid route instead, and UU Wallet issues a USDT-funded Visa Platinum. Compare the issuer and licence of each in the crypto cards directory.

Card features

• Virtual card, ready to use — issued instantly for online payments, subscriptions and digital wallets.
• Physical card on 7-day express — a plastic card for in-store and contactless payments while travelling.
• Multi-link value storage — Mypal states card value is credited in seconds, with no holiday cut-off.
• Global ATM cash withdrawal — cash access worldwide, subject to the limits and fees shown in-app.
• Card-to-card transfers — transfers between cards that share the same BIN.
• Multi-currency support — balances and payments in mainstream currencies, with currency exchange at top-up.

Recharge, compliance and control

• Crypto recharge (TRC20 / BEP20) — top up with a stablecoin transfer on Tron or BNB Smart Chain.
• Fast OTC recharge — an alternative top-up route provided by a third-party licensed institution.
• Real-time risk control — transaction screening intended to detect and block fraud as it happens.
• KYT monitoring — blockchain transaction screening as part of the platform's compliance stack.
• KYC onboarding — identity verification is required before card issuance, as with any regulated card programme.

Platform products

• International remittance — 24/7 cross-border money transfers.
• Bank VA account — a multi-currency virtual account for payments in currencies such as USD, EUR and GBP.
• Card issuance services — co-branded card programmes plus account and fund-management systems for businesses.

Supported cryptocurrencies

The Mypal Card is topped up with crypto rather than used to store it: the official card page lists recharge via TRC20 and BEP20, the Tron and BNB Smart Chain networks most commonly used for USDT transfers. Mypal does not publish a token list, so treat USDT on those two chains as the intended rail and confirm the accepted assets in the app.

Recharge networks

• Tron (TRC20)
• BNB Smart Chain (BEP20)

Other funding routes

• Fast OTC recharge through a third-party licensed institution
• Currency exchange at top-up, converting funds into the card balance currency

Supported fiat currencies

Mypal highlights mainstream currencies for its multi-currency VA account and card balances, including:

• USD (United States Dollar)
• EUR (Euro)
• GBP (Pound Sterling)

Mypal Card fees

Mypal does not publish a public fee schedule for the card. No issuance, monthly, annual, FX, ATM or top-up rate is listed on the official Mypal site, so figures quoted elsewhere should be treated as unconfirmed.

What is published

• Physical card delivery: a 7-day express shipping option is advertised.
• Crypto recharge: TRC20 and BEP20 top-ups are supported; network fees depend on the chain at the time of transfer.
• OTC recharge: a fast OTC top-up route is provided by a third-party licensed institution, which sets the exchange rate used.

Not publicly published

• Card issuance and replacement fees (virtual and physical)
• Monthly or annual card maintenance fee
• Crypto top-up conversion spread
• FX fee on spending in a currency other than the card balance currency
• ATM withdrawal fee and limits
• Daily and monthly spending limits

Because the rates are not published, confirm the exact fee schedule inside the Mypal app before ordering a physical card, and check whether any one-off or refundable issuance charge applies in your region.