Having a low-cost, stable, and reliable virtual or physical card has become particularly important. BinPay, a prepaid card product launched by a licensed financial institution registered and regulated in Hong Kong, has quickly emerged in the market due to its low loss and low fee characteristics. Whether for cross-border e-commerce shopping, subscribing to international services, or spending during international travel, BinPay provides a secure and convenient payment experience. Today, let's discuss in detail the unique advantages of BinPay's virtual and physical cards, as well as how to achieve low-cost dollar spending through it.
What is BinPay? Why Choose It?#
BinPay is a compliant financial institution holding US MSB license and Hong Kong MSO license, offering a prepaid card that focuses on USD withdrawal U card, supporting both Visa and MasterCard types, covering virtual and physical cards. Its core advantage lies in the BinPay APP, allowing users to convert USDT or USDC into dollars and recharge the card for global spending, avoiding regulatory risks and service interruptions that may arise from domestic payment channels. This cryptocurrency recharge + dollar spending model is not only simple to operate but also greatly enhances the security and stability of payments.
For users who frequently need to make cross-border purchases, BinPay's low fee design is undoubtedly a highlight. Compared to traditional bank cards that often charge several percentage points in fees, BinPay optimizes its fee structure, allowing users to save significantly on cross-border payments. More importantly, it supports binding to Apple Pay, Google Pay, and even can be linked to Alipay (Visa card only), making payment scenarios more flexible and covering various online and offline needs.
How to Activate and Use BinPay?#
The first step to using BinPay is to purchase USDT or USDC as recharge funds. You can quickly buy through the following mainstream exchanges:
The specific operation is very simple: visit the USDT purchase entry, register and log in to the exchange account, select the amount of USDT to purchase, and after completing the payment, transfer the USDT to the BinPay account balance using the withdrawal function. You can then exchange USDT for dollars in the BinPay APP, recharge it to the virtual or physical card, and use it for spending anytime. This process is not only efficient but also effectively avoids the restrictions of domestic payment channels, making it particularly suitable for users needing a stable dollar payment channel.
BinPay Virtual Card: Low Fees, Suitable for Small and Frequent Spending#
BinPay virtual cards are divided into Premium Card and Diamond Card, with the following fee structure:
- Premium Card: Card opening fee of $25, recharge fee of 1.3%, withdrawal fee of 0.5%.
- Diamond Card: Card opening fee of $50, recharge fee of only 0.7%, no withdrawal fee.
Both cards have no monthly fee, no annual fee, no spending fee, and no cross-border conversion fee, which is very rare in the virtual card market. Especially the Diamond Card, with a super low recharge fee of 0.7%, combined with no withdrawal fee and no cross-border conversion fee, is the first choice for small and frequent payments. For example, you can use the BinPay virtual card to shop on e-commerce platforms like Amazon and eBay, or subscribe to services like ChatGPT Plus, Netflix, and Spotify. Spending over $50 in a single transaction can also waive the $0.3 gateway fee, truly achieving low-loss payments.
BinPay Physical Card: A Tool for International Travel and ATM Withdrawals#
For users needing offline spending or ATM withdrawals, BinPay also offers a physical card, with a card opening fee of $98, which includes a $1 bonus, no shipping fee, and a validity period of up to 4 years, with free card replacement after expiration. The recharge fee for the physical card is only 1%, with no monthly fee, no annual fee, and no withdrawal fee at ATMs (some ATMs may charge additional fees). This card is particularly suitable for international travelers or users who frequently need to use cash abroad, and with the global acceptance network of Visa/MasterCard, it is extremely convenient for both card payments and cash withdrawals.
Why Choose BinPay? Summary of Core Advantages#
- Ultra-low fees: Diamond card with a 0.7% recharge fee, no spending fee, no cross-border conversion fee, resulting in very low overall costs.
- Compliance and security: Holding both US MSB and Hong Kong MSO licenses, ensuring fund safety.
- Flexible and convenient: Supports binding to Apple Pay, Google Pay, and Alipay, covering global Visa/MasterCard acceptance scenarios.
- Stable and reliable: By using cryptocurrency for recharge, it avoids regulatory risks associated with domestic payment channels.
- Diverse options: Virtual cards are suitable for online spending, while physical cards meet offline and cash withdrawal needs.
Conclusion: The Preferred Choice for Low-Cost Cross-Border Payments#
With its low fees, compliance, and flexible payment scenarios, BinPay has become one of the lowest fee loss U cards available on the market. Whether for cross-border e-commerce shopping, subscribing to international services, or international travel spending, BinPay can provide a secure, convenient, and low-cost solution. If you are looking for a prepaid card suitable for global spending, consider trying BinPay and visit the BinPay official website for more details to start your low-loss dollar payment experience!