Pay It Now review

There is no monthly charge: the fee is NZD 0 and maker and taker fees are both 0%, which is 1 of 379 brands compared on monthly fee. The cost that matters more is conversion, running at 1.5%.

Trading costs nothing at the exchange: taker fees are 0% and maker fees 0%, against a site median taker fee of 0.2%. The account pairs that with a custodial wallet on custodial and a multi-currency balance covering 5 currencies, so the spread is where trading money leaks.

Conversion runs at 1.5%, above the site median of 1%, and that puts the brand at 133 of 237 on the comparison. Withdrawing to a New Zealand or Australian bank in local currency costs nothing, though changing currency still picks up the spread.

It appears on the New Zealand Financial Services Providers Register, run by the Financial Markets Authority, under the entity Pay It Now NZ LTD, and it holds AUSTRAC and ASIC registrations in Australia as listed in Financial Services Provider Register (New Zealand Companies Office), AUSTRAC (Digital Currency Exchange registration) and Australian Securities and Investments Commission (AFSL). Licence numbers sit in each regulator's public register, so the entries can be checked before an account is opened.

Custody is custodial, per custodial, and the features in multi currency, crypto and virtual card pair crypto with a custodial setup rather than a self-custody option. Self-custody is the model on 29.9% of the brands compared, so readers who want to hold their own keys are looking at a different group of accounts.

Top-ups run by card or bank transfer, per card and bank. Activation is charged in USDC and waived for a limited time, and top-ups pay only the spread. Withdrawals to a New Zealand or Australian bank in local currency cost nothing, an international bank transfer adds a per transaction charge on top of the spread, and bridging crypto off carries an un-bridge charge plus network fees.

The card is prepaid on the mastercard network, with a virtual card among the features in multi currency, crypto and virtual card. Trading covers 50 assets, close to the site median of 62, and the full list in BTC, SOL and AVAX runs from BTC and ETH to newer tokens such as BONK and DOGWIFHAT.