Effective date: 13 September 2026 (draft)
1. General provisions
1.1 This Fee Schedule forms an integral part of the Terms of Use and the Cardholder Agreement. It applies to every Magic Pay account and every card issued under it.
1.2 All amounts are stated in US dollars (USD) unless indicated otherwise. Fees are charged to the card balance at the moment the service is provided or the transaction is processed.
1.3 Changes to this Fee Schedule are published on the website at least 30 days before they take effect.
Items marked “to be confirmed” are still being agreed with our licensed issuing partner and the card scheme. They will be published before public launch. Where a fee applies to a specific transaction, the exact amount is shown in the app before you confirm.
2. Card issuance and servicing
| Service | Fee / terms |
|---|---|
| Virtual card issuance | $25 |
| Physical card issuance | $250, charged to the balance when the card is ordered |
| Receiving the physical card | collection at the Magic Pay office in Dubai — free; delivery to other countries — for a separate fee that depends on the country and is shown in the app when you order; delivery takes 7–14 days; the card is handed to the cardholder in person |
| Card validity | virtual card: 5 years; physical card: the expiry date is printed on the card and shown in the app; reissue on expiry is ordered manually in the app |
| Number of cards per account | up to 5 virtual cards and up to 3 physical cards |
| Monthly service fee | $3 per month, charged to the card balance |
| Inactivity fee | none |
| Virtual card reissue (on expiry, loss or compromise) | free; the balance stays on the account |
| Physical card reissue (on expiry, loss, theft or damage) | paid; the fee is shown in the app when you order; delivery is subject to the terms in "Receiving the physical card"; the balance stays on the account |
| Closing a card or account | no closing fee; the remaining balance is returned in USDT to a wallet address you specify, subject to the withdrawal fee in section 3 |
3. Top-up and withdrawal
| Transaction | Fee / terms |
|---|---|
| USDT top-up (TRC20 — Tron, BEP20 — BNB Smart Chain) | Magic Pay fee of 3.5% of the amount; the network (gas) fee is paid by the sender |
| Minimum top-up | 25 USDT; a smaller transfer is credited with a $5 processing fee |
| Crediting | after 20 network confirmations; the balance is credited in USD at 1 USDT = 1 USD |
| Top-up address | a new address is generated for each top-up; the address is valid for 1 hour after it is created |
| Maximum top-up (per day / per month) | no limit |
| Other assets (BTC, ETH, USDC and others) | not available at present; coming later |
| Withdrawal of the remaining balance in USDT | free; the network fee is deducted from the amount |
! Funds sent on an unsupported network, in an unsupported token or to a wrong address are generally unrecoverable. See the Refund & Dispute Policy.
4. Card transactions
| Transaction | Fee |
|---|---|
| Payment in the card currency (USD / HKD) | no conversion; no fee |
| Payment in another currency (conversion) | conversion at the Visa card scheme rate on the processing date; Magic Pay markup — 0%; the final amount is shown in the app before you confirm |
| ATM cash withdrawal (physical card only) | 2% of the amount; the ATM operator may charge its own fee |
| ATM balance inquiry | free; the ATM operator may charge its own fee |
| Declined transaction | free of charge |
5. Limits
| Limit | Value |
|---|---|
| Maximum balance | no limit |
| Spending per month | $2,000,000; the limit can be raised on request to support. No daily limit is set |
| Single transaction | $200,000 |
| ATM withdrawals per day | $50,000; no monthly limit is set |
| Number of transactions per day | unlimited |
5.1 The issuing partner and the card scheme may apply additional limits and restrictions, including by merchant category (see section 6). The limits that apply to your account are shown in the app.
6. Blocked transaction categories
6.1 Transactions in the following merchant categories (MCC) are declined:
- gambling and lotteries;
- purchase of cryptocurrency and other digital assets;
- cash advances at merchant tills and quasi-cash transactions;
- adult goods and services.
6.2 The issuing partner may extend this list without prior notice where required by the rules of the card scheme or by applicable law. The current list is shown in the app.
7. Disputes and refunds
| Service | Fee |
|---|---|
| Filing a transaction dispute (chargeback) | free |
| Merchant refund | free of charge; credited in the card currency |
7.1 The procedure and timelines for disputes are set out in the Refund & Dispute Policy.