The Immersve Mastercard is built for self-custody USDC users in 38 countries, but key details are missing from the public pages

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

Immersve is a payment card programme that lets you spend USDC directly from a self-custody wallet, without first moving funds to a centralised exchange or a custodial card balance. The card is a digital Mastercard that you add to Apple Pay or Google Pay, and the company markets itself as a payments layer for crypto apps rather than a standalone consumer brand. That positioning explains both its strengths and the gaps in the public information: this is a card you typically encounter inside a partner wallet, not a card you apply for on a glossy website.

Conditions are current as of October 28, 2026.

The Immersve card is live, and its conditions are current as of 20 October 2026. The information below reflects the company’s public pages and partner documentation, focused on the card’s real-world usability for someone looking for a self-custody spending solution.

Verdict: 7.1 out of 10

Immersve scores 7.1 out of 10. That number reflects a card that is genuinely interesting for a specific kind of user, weighed against a public information base that leaves too many everyday questions unanswered. Here is how the breakdown looks:

The audience Immersve is built for is narrow but real: self-custody wallet users paying with USDC in Europe or Australasia. If you keep USDC in your own wallet and want to spend it through a familiar card interface without giving up custody, this is one of the cleaner options on the market. If you are looking for a primary everyday card with a physical card in the post, an ATM network, cashback and a polished standalone app, Immersve is not that — and the public pages do not pretend it is.

Who will they give you the card

Immersve supports onboarding in 38 countries. The full list, as the company states it, is: Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Chile, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guatemala, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Peru, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom. The same page says the United States is planned for Q1 2026, with the MENA region to follow shortly after, but those are plans, not confirmed launches, so I treat them as such.

The shape of that list matters. You get the EU plus Switzerland, the UK, Australia and New Zealand, and a cluster of Latin American countries: Argentina, Brazil, Mexico, Chile, Colombia, Peru and Guatemala. What you do not get, at least on the public pages, is the United States, Canada, most of Asia (Hong Kong and Singapore appear in the company’s locations, not in the onboarding list), and the Middle East. If you live somewhere the card is not offered, there is no public mechanism to ask for an exception: onboarding is geo-fenced at the KYC step.

Identity verification is part of card creation. The card creation flow includes a “verify your identity” step, and Immersve names its KYC partners: FrankieOne, Sumsub, and Chainalysis. Chainalysis is a blockchain analytics firm used for transaction monitoring, which tells you the company is screening deposits as well as identities. What the company does not publish is the specific list of documents, the proof-of-address rules, the age floor, the residency-versus-citizenship test, and the level of due diligence applied at different funding amounts. EU rules require name, address, date of birth, nationality and identity documentation, a sanctions check, the purpose of the relationship, and a politically exposed person (PEP) check; if the issuer cannot complete that, EU rules require it to refuse the relationship, which is why accounts get held up over documents. You should expect that level of checking here, and you should not be surprised if you are asked for more than a passport.

In practical terms, the question “will they give me the card” has two layers. The first is residency: is your country on the list above. The second is identity: do you have the documents the KYC vendor asks for, and do you pass sanctions and PEP screening. Both layers are decided at the application step, and neither has a public appeal route I can point to.

How to get it

The card is a digital Mastercard, multi-use, designed to be added to Apple Pay or Google Pay and then used online or in store at any contactless terminal. The flow as the company describes it is: you create a card inside a partner app or dApp, verify your identity, fund the card with USDC, and the card appears in your wallet. There is no standalone “apply on the Immersve website” path described for a cardholder, because the card is surfaced through partner experiences: Pera Wallet is the most visible example, and the Pera support page (updated October 2025) describes the Pera Card as a Beta Phase product in selected countries.

The card currency, the number of cards per user, the issue of a physical or metal card, and delivery times are not stated for cardholders. A few of those gaps are worth pausing on. A digital-only card works in stores that accept contactless payments through a phone wallet, which today is most card-present retail, but it does not work at unattended terminals that require a physical dip or swipe, and it does not help you at an ATM. If your daily life includes either of those, you should test the card in your real spend pattern before you rely on it.

KYC levels (for example, a higher limit tier that requires extra documents) are not stated. The complaints procedure is described as country-dependent, with dedicated pages for Australia, the EEA, the UK, and a combined page for New Zealand, Latin America and “others”. Chargeback time frames are not stated, and that is a meaningful gap: if a merchant charges you for goods you never received, the window in which your issuer can pull the money back is not a detail you want to discover after the deadline has passed.

What you should check first: whether your country is on the onboarding list above, whether the partner app you already use supports Immersve, and whether the merchant categories you actually use (subscriptions, travel, in-app purchases) accept a tokenised digital Mastercard from a non-bank issuer. The merchant category code on a card tells the terminal what kind of business it is, and some categories — gambling (MCC 7995) is the textbook example — are blocked by issuer policy on many cards, including crypto cards. The blocked list for Immersve is not stated.

What it really costs: Immersve fees

The headline is friendly. The company says there are “no charges for application or issuance”, and its pricing page describes the service as provided “at no cost to either integrated dApps or to cardholders”. Monthly and annual fees are not stated, which is consistent with a card that has no recurring charge to the cardholder but also has no published tier that I can confirm.

The costs that do exist fall into three buckets.

Let me walk you through three everyday payments and which fees would actually touch them.

A coffee in your home country, paid in your home currency. No foreign currency conversion fee applies. The merchant receives your home currency. There is no per-transaction percentage I can quote you on the public pages.

A coffee paid in a currency other than the one the card settles in. A foreign currency conversion fee “may apply”. The rate is not stated, which is the part that matters: a percentage you do not know in advance is the hardest cost to budget. Crypto cards in this segment typically land somewhere between zero and a few percent, and the only honest thing to say here is that Immersve has not published its number.

A top-up of USDC into the funding smart contract. The card itself does not charge a deposit fee, but the blockchain you use does. On Ethereum, gas has been expensive; on Polygon PoS, Arbitrum and Base it is usually cheap; on Algorand it is typically a fraction of a cent. Network fees are paid to the blockchain, not to Immersve, and they vary by network and by congestion at the time of the transfer. If you fund from a wallet that holds the token but no native gas token (for example, USDC on Ethereum with no ETH), the transfer will fail: ERC-20 transfers pay gas only in ETH.

The hidden cost, and the one the public pages do not quantify, is the foreign currency conversion margin baked into the rate. When a card “converts” at the point of sale, the rate the cardholder sees is rarely the mid-market rate. The difference between the rate Mastercard publishes and the rate you actually get is, in effect, a fee. Immersve has not published this spread. Compare this with cards that publish a flat zero-percent FX line, or with cards that publish a number you can verify; Immersve asks you to take the cost on faith.

What you should check first: the spread on a small foreign-currency transaction before you commit to using the card abroad, the actual fee line on your statement rather than the screen confirmation, and the gas token balance in your funding wallet before you send USDC.

How to top up Immersve

Topping up starts with a transfer of USDC into a smart contract. The company names five networks: Algorand, Arbitrum, Base, Ethereum, and Polygon PoS. USDC is the only token named for funding. There is no mention of USDT, no mention of EUR-denominated stablecoins, and no bank-transfer top-up path described for cardholders. The conversion from USDC to fiat happens at transaction authorisation, which means the card balance you see in the partner app is the pre-conversion USDC balance; the merchant is paid in fiat.

This is a “spend from your own wallet” model, not a “preload a card balance” model. Your USDC stays in the smart contract, and the issuer pulls what it needs to settle each transaction. The card cannot overdraw because the balance is checked at authorisation against the on-chain USDC balance, plus the conversion rate. The model is closer to a debit card than a credit card: each purchase is deducted at the moment it is authorised, not billed later.

The minimum top-up, the maximum top-up, and the maximum balance are not stated. The fact that a foreign currency conversion fee “may apply” is the only published cost, and that fee is on transactions, not on funding. Blockchain fees apply to funding because the deposit is an on-chain transfer; Immersve does not take a cut of that, but you do pay the network.

There is no withdrawal flow described for cardholders. If “withdraw” means getting USDC back from the funding smart contract, the published pages do not describe that path. If it means ATM cash withdrawal, ATM access is not stated. The fact that the card is digital and surfaced through partner apps, with no physical card described for cardholders, is consistent with there being no ATM story at all, and consistent with cash being outside the product.

What you should check first: that you hold a small amount of the native gas token on the network you plan to use (ETH on Ethereum and Base, MATIC on Polygon PoS, ALGO on Algorand, and a tiny amount of ETH on Arbitrum), that the address you are sending to is the smart contract address the partner app gives you and not a regular wallet address, and that the partner app reflects the deposit after the network confirms it. A USDC transfer sent on a network the card does not support, or to an address of another network, is at high risk of being lost; blockchain transfers are irreversible, and a wrong-network deposit often needs manual support recovery with no guarantee.

Paying with Immersve every day

Once the card is funded and added to Apple Pay or Google Pay, the day-to-day is unremarkable, which is the point. Contactless at a till: tap the phone, the terminal authorises, the receipt shows the merchant’s currency. Online checkout: the card number from your wallet populates the form, 3-D Secure may pop a confirmation step, the merchant either approves frictionlessly or challenges you with a one-time code or biometric, and the payment goes through.

A few everyday details are worth flagging.

Where the card works. Anywhere Mastercard is accepted and the terminal or website supports a tokenised mobile-wallet payment. Most contactless in-store retail, most app stores, most subscription services, and most online checkouts. Some merchants decline prepaid or foreign-issued cards because the BIN lookup reveals the card type and issuer country; that is a category problem, not an Immersve problem, but it is the kind of decline you should expect occasionally.

Where the card may not work. Unattended terminals that need a physical dip or swipe, ATM cash withdrawal (not described), gambling and other restricted merchant category codes (the blocked list is not stated, but gambling (MCC 7995) is blocked by issuer policy on most crypto cards). Some US merchants rely on Address Verification Service, which compares numeric parts of the billing address with the issuer’s records and is generally unavailable for foreign-issued cards; if you travel, expect occasional declines on US ecommerce sites.

Tokenised mobile wallets. Apple Pay replaces the card number with a Device Account Number stored in the Secure Element of the phone, never on Apple servers, and each payment uses a one-time dynamic security code. Google Pay works the same way. The issuer can restrict a tokenised number — block it on magnetic-stripe use, on phone use, or on website use — and the published pages do not describe whether Immersve places any such restrictions. Practically, this means: if a transaction fails, the failure is more likely to come from the merchant or the network than from the wallet.

Rewards and cashback. Not stated. There is no cashback rate, no points programme, no spending tier that I can point to on the public pages. If you compare Immersve with cards that publish a percentage, that comparison comes out unfavourably for Immersve; if you compare it with cards that charge a 1% conversion fee and offer no cashback, the comparison is more interesting, because Immersve’s published cost line is friendlier than that.

The app experience. Not stated by Immersve. The cardholder experience lives inside the partner app, not on an Immersve-owned consumer app, which means the app you use is whichever wallet or dApp embedded the card. That is a deliberate design choice: Immersve is a payments layer, not a consumer brand. It is also a usability risk, because the quality of the app, the speed of support, and the visibility of transactions depend on the partner.

Disputes. The complaints procedure is country-dependent, with dedicated pages for Australia, the EEA, the UK, and a combined page for New Zealand, Latin America and “others”. Chargeback time frames are not stated. A chargeback is a refund the issuer orders to settle a dispute, with reason codes such as fraud, duplicate billing, or goods not received; the window to request one is set by the network and the issuer, and the fact that it is not published here is a reason to keep your own records of every transaction.

Holds and declines. A declined authorisation can leave a hold on funds that remains for several days (typically up to 7). If a transaction fails, the held amount is not a charge; it is a placeholder, and it should release on its own. If it does not, the partner app’s support is the route to escalate.

What you should check first: a small contactless payment in a low-risk environment (a coffee, a train ticket) to confirm the card behaves as expected, an online purchase that triggers 3-D Secure to confirm the confirmation flow works on your phone, and a recurring subscription at a merchant you trust, so that the first auto-renewal happens on a card you are watching rather than one you have forgotten about.

What can go wrong

The honest risk section for a card like this is not “the company might disappear tomorrow” (although that is a real category of risk and has happened to crypto cards before). It is a list of the small, specific things that bite in practice, and the larger things that bite rarely but hard.

The card is a programme, not a deposit account. Immersve is a payments layer; the card programme sits on top of licensed partners. In Australia, Immersve Pty Ltd holds AFSL 545925; in New Zealand it is a registered Financial Service Provider, FSP1003031; in Europe the Pera Card is issued by Monavate UAB. The issuing bank is not named on the site, which is unusual for a card programme and is the kind of detail a careful user wants before parking meaningful balances. The parent is Immersve Pty Ltd, with locations in Australia, New Zealand, the UAE, the UK and the US; regulation is in progress in Europe, Hong Kong, Singapore, the UAE, the UK and the US.

Issuer closures are a category risk. In November 2022, Visa said it had “terminated our global agreements with FTX” and the FTX US debit card programme was wound down. In 2018, WaveCrest, a Visa card issuer that supplied crypto card brands, was suspended by Visa in Europe, closing every WaveCrest-issued Visa programme. Programme closures typically give a notice period, then stop spending and loading, then ask users to withdraw remaining balances. The published pages do not describe an Immersve-specific contingency for that, but the structural risk is real for every card whose issuer is a regulated programme partner.

Self-custody risk stays with you. With a self-custody-linked card, the funds stay in your own wallet until the moment of payment, but you bear sole responsibility for key loss, phishing, and clipboard-hijacking malware that swaps copied addresses. A seed phrase (typically 12 to 24 words) is an unencrypted form of the private key; anyone who obtains it can restore the wallet and spend the funds. Cryptocurrency transfers are typically irreversible, and a stolen private key has no built-in recovery: the network cannot freeze or return the funds. This is the trade-off for not holding the balance with a custodian, and it is not a small one.

Stablecoin risk is not zero. A stablecoin aims to hold a stable value against an asset such as a fiat currency, but “despite the name, stablecoins are not necessarily stable”. USDC and USDT together account for about 90% of stablecoin market capitalisation. Circle says USDC is redeemable 1:1 for USD and 100% backed by cash and cash equivalents, mostly in an SEC-registered government money market fund, with monthly reserve attestations by a Big Four firm. Tether describes USDT as backed 1-to-1 by reserves. Stablecoins have depegged before: TerraUSD collapsed in May 2022, and USDC temporarily lost its peg in March 2023 during the US banking crisis. Tether also says it disables tokens in wallets on the OFAC sanctions list and has frozen funds tied to illicit activity, so stablecoins are not censorship-proof.

Network risk is real. The card supports USDC on five networks. Circle stopped supporting USDC on Tron in February 2024, so “USDC over TRC20” is not a native option, and it is not one Immersve uses. If you send USDC on a network the card does not support, or to a regular wallet address instead of the smart contract address, the funds are at high risk of being lost; blockchain transfers are irreversible.

KYC holds are part of the deal. If due diligence cannot be completed, EU rules require the institution to refrain from the transaction or relationship and, where necessary, end existing relationships; the same dynamic applies under non-EU rules. In the US, the customer identification programme requires name, date of birth, address and an identification number. Nationality is screened separately from residence because sanctions screening and issuer risk policy are often applied to citizenship and country of birth as well as to the country of address. An account hold pending documents is not a glitch; it is the system working as designed.

Complaints and support. The only public contact route is a “Get in touch” page; languages and hours are not stated. A search for “Immersve card reviews trustpilot reddit” on 21 October 2026 returned no Immersve results, and there is no Trustpilot page for the company. That is not the same as “no complaints”, and it is consistent with the fact that the card is distributed through partner apps, so cardholders describe their experience to the partner, not to Immersve. If you need support, your first call is the partner app; if the partner escalates, that is when Immersve enters the loop.

Security audits. The smart contracts have been audited by Hashlock, Red4Sec and Coinspect. PCI compliance is described as “via VGS” (Very Good Security, a tokenisation and data-storage vendor). “Funds held in a smart contract” is the custody model; “same risk as a normal credit or debit card” is how the company describes the card’s risk profile; safeguarding, in the regulated sense of segregated customer funds, is not mentioned. That gap matters: an e-money institution in the EU must safeguard customer funds, by segregating them in dedicated accounts or insuring them, but such funds are not the same as bank deposits and may not be covered by deposit guarantee schemes. The published pages do not put Immersve’s USDC float into that category, because it sits in a smart contract, not in a safeguarded e-money account.

What you should check first: that the partner app you are using is one you trust, that the smart contract address you are sending USDC to is the one the app shows you and not one copied from a search result or a message, that you hold a small gas balance on the funding network, and that you do not park more USDC in the funding contract than you are prepared to lose to a smart-contract bug or a partner outage.

What to take instead

Immersve is a serious option in its lane, but it is not the only one. Three alternatives are worth a look, and the trade-offs vary. The list below is not a ranking; it is a comparison of the most useful options for someone who wants to spend USDC or another stablecoin from a self-custody wallet.

MetaMask Card is the most direct comparison. It also spends from a self-custody wallet, but it works across more networks and tokens, including the Linea network that MetaMask itself operates, and the published fees include a cashback line. The Metal tier at US$199/year is expensive, and the 3% headline drops to 1% after the first US$10,000 spent, so read the footnote before you commit. The on-ramp is more flexible: nine tokens named, four networks, a real standalone app. The trade-off is that the card is issued by Monovate, with Crypto Life as the card provider, and you do not hold the USDC yourself once it is spent; the funding model is closer to a pre-loaded balance.

KAST is a different product. It is a Visa card with up to 10 cards per user, three membership tiers, and published FX fees (0.5% to 1.75% depending on residence and transaction country). Cashback in USD is published: 1.5% on Standard, 2% on Premium, 3% on Private, each capped monthly. The annual fees climb fast: Standard is free, Premium is US$1,000/year, Private is US$10,000/year, billed annually upfront. KAST is a better fit for someone who wants a published FX number, a tiered membership, and a card they can hold in their hand, but it is not a self-custody card in the same sense as Immersve; stablecoin deposits are converted 1:1 to a USD balance, and the card spends from that balance.

TokenPocket (Fiat24) is a Visa or Mastercard debit card issued in partnership with Fiat24, with balances in EUR24 and USD24. It is virtual-only (no physical card mentioned), runs on Arbitrum, and the cost line is “no additional fees” apart from an NFT creation fee partly covered by TokenPocket and a 1% fee on crypto deposits that is later refunded via rewards. Geographic coverage is mixed: a list of European countries/territories for Visa, and a separate list including Australia, Canada, Hong Kong, Japan, Taiwan, New Zealand, Singapore, South Korea and the UK for Mastercard; the Americas are on a “Q2 2025” plan. The Virtual-only design is a constraint, and the published deposit fee (even with the refund) is a sign that the cost line is more complex than the headline.

Across the three alternatives, the pattern is the same: a self-custody USDC path is a real niche, and Immersve sits inside it. The differences are in the published cost lines (KAST is most transparent), the network coverage (MetaMask is widest), and the cardholder experience (KAST is the most like a traditional card programme). What none of the alternatives match is Immersve’s specific combination of “self-custody, USDC only, no published cashback, no published monthly fee, no physical card described”. If that combination is what you want, Immersve is the option. If any of those constraints bother you, one of the alternatives will.

Who I would recommend it to

I would recommend the Immersve card to a specific kind of reader, and I would point a different kind of reader to one of the alternatives.

The case for. If you already hold USDC in a self-custody wallet, you already trust yourself with seed phrases, you live in one of the 38 countries on the onboarding list, and you want a card that spends USDC without first moving funds to a centralised exchange or a custodial card account, Immersve is one of the cleaner options on the market. The five-network USDC coverage is a real advantage if you already use one of those networks; the no-issuance-fee line is honest; the partner app distribution means you do not have to set up a new relationship from scratch. The card is good for online purchases, in-store contactless through Apple Pay or Google Pay, and subscriptions at merchants that accept Mastercard from a non-bank issuer.

The case against. If you need a physical card, ATM access, a published cashback rate, a published FX margin, a published monthly or annual fee, a published daily or monthly limit, or a standalone Immersve-owned app, this is not the card. The public information is not there, and a card programme that does not publish those numbers is asking you to take a lot on trust. The Everyday Use score (5/10) is the lowest in the table for that reason. If you travel to the US and rely on ecommerce sites that use Address Verification Service, expect declines. If you want a card that works in a country outside the 38-country list, this card will not work for you.

The non-obvious trade-off. The most interesting question about Immersve is not “is the card good?” but “is the funding model good?”. The card spends from your USDC at the moment of authorisation, and the conversion happens then. That means you do not preload a fiat balance, you do not realise a gain or loss at top-up, and your USDC stays in the smart contract until the merchant is paid. The accounting treatment of each purchase is a disposal of USDC for the local fiat amount at the rate the card applies; the IRS treats digital assets as property, so exchanging them for goods, services, dollars or other digital assets generally produces a taxable gain or loss, and gain is measured in the local fiat currency using the fair market value on the date of the transaction, which means each card payment funded from crypto may be a separate disposal. That is the model Immersve offers, and it is a model that suits people who want to keep their crypto in their own wallet until the last possible moment. It is not a model that suits people who want a card that hides the crypto entirely.

If that trade-off fits how you already hold and use USDC, Immersve is worth the time to set up. If it does not, one of the alternatives above will fit better.

Frequently asked questions

What is the Immersve card?

The Immersve card is a digital Mastercard that lets you spend USDC directly from a self-custody wallet. The card is surfaced through partner apps rather than a standalone Immersve consumer app, and it is designed to be added to Apple Pay or Google Pay for contactless and online payments. Immersve is a payments layer for crypto apps, with the card programme sitting on top of licensed partners in each market.

How does the Immersve card work?

You fund the card by sending USDC to a smart contract on one of five networks: Algorand, Arbitrum, Base, Ethereum, or Polygon PoS. At each transaction, the card converts USDC to fiat at the authorisation step and pays the merchant in fiat. Your USDC stays in the smart contract until the moment of payment, and the card cannot overdraw because the authorisation checks the on-chain balance. The model is closer to a debit card than a credit card.

Is Immersve a bank?

No. Immersve is a payments infrastructure company, not a bank. In Australia, Immersve Pty Ltd holds AFSL 545925; in New Zealand it is a registered Financial Service Provider, FSP1003031. The card programme is issued through licensed partners; for the Pera Card, the issuer is Monavate UAB in Europe. The issuing bank for the card programme is not named on the public site.

Who owns Immersve?

The parent is Immersve Pty Ltd, with offices in Australia, New Zealand, the UAE, the UK and the US. The company operates as a payments layer for crypto apps and partners with wallet and dApp brands to distribute the card. Ownership beyond the parent entity is not described in the public research.

Is the Immersve card available in my country?

Onboarding is supported in 38 countries: the EU plus Switzerland, the UK, Australia, New Zealand, and a cluster of Latin American countries (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Guatemala). The United States is on the company’s “Q1 2026” plan, with the MENA region to follow. If your country is not on the list, there is no public mechanism to ask for an exception; the KYC step is geo-fenced.

How do I get the Immersve card?

You get the card inside a partner app or dApp that has integrated Immersve, such as Pera Wallet. The flow is: create a card in the app, verify your identity through the KYC partner, fund the card with USDC, and add it to Apple Pay or Google Pay. There is no standalone “apply on the Immersve website” path for a cardholder.

Does the Immersve card require KYC?

Yes. “Verify your identity” is part of card creation, and Immersve names FrankieOne, Sumsub and Chainalysis as KYC and blockchain analytics partners. The specific documents, the proof-of-address rules, the age floor and the level of due diligence at different funding amounts are not published. You should expect to be asked for more than a passport.

How do I top up the Immersve card?

You top up by sending USDC to the funding smart contract on one of the five supported networks: Algorand, Arbitrum, Base, Ethereum, or Polygon PoS. USDC is the only token named for funding. You will also need a small balance of the network’s native gas token to pay the blockchain fee (ETH on Ethereum and Base, MATIC on Polygon PoS, ALGO on Algorand, and a small amount of ETH on Arbitrum).

Is the Immersve card free?

There is no charge for application or issuance, and the pricing page describes the service as provided “at no cost to either integrated dApps or to cardholders”. The published costs that do exist are blockchain fees on funding and a foreign currency conversion fee on transactions that “may apply” (the rate is not stated). Monthly and annual fees, ATM fees, and spending limits are not stated.

Is the Immersve card safe?

The smart contracts have been audited by Hashlock, Red4Sec and Coinspect, and PCI compliance is described as “via VGS”. Immersve Pty Ltd holds AFSL 545925 in Australia and NZ FSP1003031 in New Zealand. The card carries the same risk as a normal credit or debit card at the point of sale, but self-custody risk stays with you: a stolen seed phrase (typically 12 to 24 words) can drain the funding wallet, and blockchain transfers are typically irreversible, so the network cannot freeze or return the funds. As with any card programme, issuer closures are a category risk and have happened to crypto cards before.

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