Paxum review

The personal account has a monthly fee of $0, so the card costs nothing to hold month to month. The charge that does apply is on loading: $0.25 per load each time you add funds from your crypto balance to the card.

Loading costs $0.25 per load per load. Since the fee is charged each time rather than once, people who top up in many small amounts will pay more over a year than people who load in fewer, larger ones.

It is a prepaid card on the prepaid model, running on the mastercard network. A prepaid card is funded before you spend, so it does not draw on a bank balance the way a debit card would.

The balance is held by Segregated Payments Ireland Limited, which is based in Ireland. Because the account is prepaid, the funds belong to that entity's balance rather than sitting in a deposit account in your own name.

The card is issued by Segregated Payments Ireland Limited and appears in the register under the Irish regulator IE_CBI with reference PSD_PI IE_CBI!C193896. That listing covers the issuing entity, not a guarantee covering your card balance.

It runs on mastercard, so it can be used wherever that network is accepted. Card acceptance is set by the network rather than by the account opening, so the network is the practical limit on where the card works.

Yes. The personal account has a monthly fee of $0, which keeps the running costs to the load charge of $0.25 per load. People who never load the card would be holding a prepaid card with no balance on it.

Paxum suits people who want to spend crypto directly from a balance rather than from a bank account, and who are comfortable with a prepaid structure. If you would rather have funds held in an account you control, a debit card such as Monzo Flex is a closer fit.