Gnosis Pay Card

Gnosis Pay Visa Debit Card Review: Fees, Rewards & Availability

Basic Information

The Gnosis Pay Card is the world's first self-custodial Visa debit card linked directly to a Safe smart account on the Gnosis Chain blockchain.

This innovative card allows users to spend cryptocurrency directly from their blockchain address at any Visa-accepting merchant worldwide, with no transaction, gas, foreign exchange, or off-ramping fees.

What sets the Gnosis Pay Card apart in the crypto card market is its truly self-custodial nature - users maintain control of their private keys and assets through a Safe wallet on the Gnosis Chain, unlike most competitors that require depositing crypto into custodial accounts.

Rewards and Benefits

Cashback Structure

The Gnosis Pay Card offers a tiered cashback system based on GNO token holdings in the user's Card Safe wallet. The current Intermediary Cashback Programme runs from November 9, 2025, through January 31, 2026, after which partner-led incentive programmes are planned.

Current Cashback Tiers (Nov 2025 - Jan 2026):

Important Cashback Details:

• Cashback calculation: Based on the minimum GNO balance held in your Card Safe during each weekly snapshot period (Sunday to Saturday)
• Payout schedule: Rewards are calculated weekly (Sunday-Saturday snapshot) and distributed the following Thursday directly to your Safe wallet
• OG NFT bonus requirement: To receive the additional 1% cashback (bringing maximum to 5%), you must hold both an OG NFT and at least 0.1 GNO in your Card Safe
• Weekly caps: Spending beyond the weekly cap for your tier does not earn additional cashback for that week
• Excluded transactions: ATM withdrawals, financial services, tax payments, utility bills, insurance, money transfers, gambling, and certain other merchant categories do not earn cashback

The cashback percentage scales proportionally between tiers. For example, holding 5.5 GNO will earn approximately 2.5% cashback, subject to the weekly spending cap of your tier.

Referral Program

Important Update: The direct referral program through the Gnosis Pay web app ended on April 22, 2025. Current referral campaigns are operated by Gnosis Pay partners:

• Europe: Referral program run through Zeal wallet
• Brazil: Referral program run through Picnic

For the most current referral terms and rewards, users should check with these partner platforms directly.

OG NFT Earning (Updated):

The OG NFT is a "soulbound" (non-transferable) token that provides permanent status benefits, including the additional 1% cashback when combined with at least 0.1 GNO holdings. OG NFTs can now be earned through:

• Spend milestones: Achieving specific spending thresholds within 30 days of card activation (thresholds vary by card currency: EURe, GBPe, or USDCe)
• Historical referral program: Users who successfully referred 2+ users before April 22, 2025

The OG NFT provides:

• Additional 1% cashback (when holding ≥0.1 GNO)
• Early access to new features
• Exclusive events and partner perks

Fees and Limits

The Gnosis Pay Card maintains a transparent and minimal fee structure with competitive spending limits.

The Gnosis Pay Card stands out for its transparent and minimal fee structure. Users pay virtually no fees during normal card usage, with the only potential costs being the initial issuance fee (which is frequently waived through promotions) and ATM withdrawal fees if exceeding the generous monthly allowance.

There are no hidden costs for currency conversion, transactions, or account maintenance. When making purchases in foreign currencies, the card uses Visa's standard exchange rates without adding any markup, providing significant savings for international travelers.

Contactless Payment Notes:

• Physical cards allow up to 50 consecutive contactless "tap-to-pay" transactions before requiring PIN entry for security
• Mobile wallet payments (Apple Pay, Google Pay) are not subject to this 50-transaction limit
• After reaching the limit on physical cards, simply insert the card and enter your PIN to reset the counter

Card Tiers and Options

All card tiers share identical spending limits (€8,000/£8,000 daily), withdrawal limits (€500/£500 daily), and the same black/neon yellow physical design with optional ENS name personalization. Both physical and virtual cards are available to all users through the Gnosis Pay web app.

The cashback percentage scales proportionally between tiers. For example, holding 5.5 GNO will earn approximately 2.5% cashback, subject to the weekly spending cap corresponding to your tier.

The OG NFT status can be combined with any tier to provide an additional 1% cashback, up to a maximum of 5%, but requires holding both the OG NFT and at least 0.1 GNO in your Card Safe.

Top-Up Methods

Gnosis Pay Card operates with a true on-demand, self-custodial model: there is no need for pre-loading or transferring funds to a custodial account. Users simply maintain a balance of supported stablecoins (EURe or GBPe) in their personal Gnosis Safe wallet on Gnosis Chain. When a purchase is made, the required stablecoin amount is instantly deducted from the user's Safe wallet at the point of sale, and there are no conversion, transaction, or off-ramping fees involved. All custody remains with the user until the exact moment of card usage, with no currency conversion required if spending in EUR/GBP, and top-ups (adding EURe/GBPe to Safe) can be performed via the web app with integrated bridging from other EVM chains if needed. Only EURe (for EUR cards) and GBPe (for GBP cards) are spendable, so users must convert any other crypto to these stablecoins before use; otherwise, there are no top-up amount minimums/maximums or delays, and funds become available for spending instantly once in the Safe wallet.

Self-Custody True Self-Custody

The Gnosis Pay Visa Debit Card employs a true self-custodial model wherein users maintain full control of their private keys and assets at all times via a Safe smart contract wallet on the Gnosis Chain. The platform (Gnosis Pay) never takes custody of user funds; transactions initiated with the card are authorized by the user directly through their connected wallet. Crypto assets remain under user control until the moment of spend with no pre-conversion required, and there are no custodial account holdings. Limitations include support for only EURe and GBPe stablecoins currently, availability limited to Europe/UK, and a required initial setup involving bridging funds to the Gnosis Chain. The card issuer is a regulated Electronic Money Institution, and a comprehensive KYC process is enforced, but these regulatory requirements do not alter the underlying self-custody ownership of the crypto funds.

Supported Currencies and Conversion

The Gnosis Pay Card currently supports three stablecoins for spending, with region-specific configurations:

• EURe: Euro stablecoin on Gnosis Chain (primary for users in EEA, Switzerland, and Gibraltar)
• GBPe: British Pound stablecoin on Gnosis Chain (primary for UK users)
• USDCe: USD Coin on Gnosis Chain (primary for all other regions, including Argentina and Brazil)
• GNO: Gnosis token (for cashback rewards only, not direct spending)

These stablecoins are e-money tokens issued by Monerium, a regulated e-money institution. The card does not directly support any other cryptocurrencies for spending; users must manually convert other assets to EURe/GBPe/USDCe before they can be used with the card.

Important: Only these three stablecoins (EURe, GBPe, USDCe) are spendable tokens for the Card Safe. All must be on Gnosis Chain, and your Safe is configured based on your region during setup.

The conversion process works as follows:

1. User loads EURe/GBPe/USDCe stablecoins to their Gnosis Card Safe
2. When the card is used, the exact amount needed is automatically converted at the time of purchase
3. No pre-conversion is required - assets remain as crypto until spent
4. No conversion fees are charged - users only pay minimal gas fees for blockchain transactions
5. Transaction settlement occurs on-chain on Gnosis Chain, typically within seconds

For users wanting to spend other cryptocurrencies, they must first manually swap them to EURe/GBPe/USDCe using DEXs or bridges. The Gnosis Pay web app supports converting tokens from any EVM chain to the supported stablecoins through integrated bridging functionality.

Geographic Availability

The Gnosis Pay Card has expanded beyond Europe to include select Latin American markets, with further global expansion planned.

Europe

The Gnosis Pay Card is available across 32 European countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France (including territories), Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.

Americas

Currently available in: Argentina, Brazil

Coming soon: USA, Mexico, Colombia

Asia-Pacific

Coming soon: Australia, Thailand, Singapore, Japan, Indonesia, India

Users must be at least 18 years old and provide valid proof of address in a supported country during the KYC process.

The card cannot be used in restricted countries due to international sanctions and regulations, including: Afghanistan, Belarus, Central African Republic, Crimea, Cuba, Darfur region, DR Congo, Haiti, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, Yemen, and Zimbabwe.

Regional Variations:

• EUR cards (EURe stablecoin) for EU/EEA residents
• GBP cards (GBPe stablecoin) for UK residents
• USD cards (USDCe stablecoin) for Argentina, Brazil, and other non-European regions
• IBAN feature currently limited to EU cardholders of certain nationalities

Banking & Financial Services

The Gnosis Pay Card integrates traditional banking functionality through its partnership with Monerium, providing users with comprehensive financial services beyond standard card payments.

IBAN Account Features:

For eligible European users, the Gnosis Pay Card includes an IBAN (International Bank Account Number) issued by Monerium, a regulated e-money institution:

• IBAN Provider: Monerium ehf (regulated by the Central Bank of Iceland)
• Account Type: E-money account with full IBAN functionality
• Payment Rails: SEPA transfers for EUR accounts, Faster Payments for GBP accounts
• Incoming Transfers: Receive funds via bank transfer directly to your IBAN
• Outgoing Transfers: Send funds to other bank accounts using SEPA/Faster Payments
• Integration: IBAN is linked to your Gnosis Card Safe wallet

How It Works:

1. During card setup, eligible users receive an IBAN from Monerium
2. The IBAN is connected to the user's Card Safe on Gnosis Chain
3. Incoming bank transfers are automatically converted to EURe/GBPe stablecoins in the Safe
4. Users can send traditional bank transfers by converting stablecoins to fiat
5. All balances remain in self-custodial control within the Safe wallet

Availability: IBAN services are currently limited to EU cardholders of certain nationalities. Availability varies by country and is subject to Monerium's regulatory permissions.

Support Separation:

• Card-related issues (transactions, limits, card functionality): Contact Gnosis Pay support
• IBAN-related issues (bank transfers, account setup, Monerium services): Contact Monerium support

This integration creates a unique bridge between traditional banking and self-custodial crypto, allowing users to receive salary payments, pay bills, and conduct regular banking activities while maintaining full control of their assets on-chain.

Compliance and Security

Custody Model

The Gnosis Pay Card implements a true self-custodial model, which is its primary security feature and differentiator from other crypto cards:

• Users maintain full control of their private keys
• Assets are stored in a Safe smart contract wallet that the user owns and controls
• Gnosis Pay never takes custody of the user's funds
• User authorizes transactions through their connected wallet
• Smart contract interface bridges between Safe wallet and card transactions

This self-custodial approach significantly reduces counterparty risk compared to centralized alternatives where users must trust a third party with their assets.

Important Security Note: The Card Safe is specifically configured for card functionality. Users are warned against manually modifying the Safe configuration, as this may disrupt card operations.

KYC Requirements

To comply with regulatory requirements, Gnosis Pay implements a comprehensive KYC process:

• Provider: Sumsub
• Required Documents: Government ID, proof of address, selfie liveness check
• Process: Digital verification through web app during card ordering
• Restrictions: Must be 18+ years old and resident in supported country
• Information Sharing: Verified identity shared with Monerium for IBAN issuance (where applicable)

Security features include:

• EMV chip and PIN protection
• Contactless with 50-tap limit before PIN required (physical cards)
• Mobile wallet payments (Apple Pay, Google Pay) not subject to tap limit
• No magstripe transactions supported (security measure)
• 3D Secure for online purchases
• Card freeze/unfreeze capability
• Transaction monitoring and AML screening
• Safe smart contract security architecture
• Multi-step fraud analysis for all transactions

Regulatory Structure and Licensing

The Gnosis Pay Card operates within a comprehensive regulatory framework spanning multiple jurisdictions and licensed entities.

Card Issuers:

• UK Users: Monavate Limited

  • Authorized and regulated by the UK Financial Conduct Authority (FCA)
  • Electronic Money Institution (EMI)
  • FRN: 901097

• EEA Users: UAB Monavate

  • Licensed Electronic Money Institution in Portugal
  • Operates under EU e-money regulations
  • Terms of Service updated November 18, 2025

Processing and Banking Partners:

• Card Processing: Paymentology

  • Handles transaction processing and authorization
  • Provides BIN sponsorship and Visa network connectivity

• E-Money and IBAN Services: Monerium ehf

  • Regulated by the Central Bank of Iceland
  • Issues EURe and GBPe stablecoins
  • Provides IBAN accounts for eligible users
  • Separate entity from Gnosis Pay with distinct support channels

• Card Network: Visa Europe

  • Provides global payment network access
  • Enables worldwide merchant acceptance

Compliance Standards:

The Gnosis Pay ecosystem adheres to:

• EU and UK electronic money regulations
• General Data Protection Regulation (GDPR)
• Anti-Money Laundering (AML) directives
• Know Your Customer (KYC) requirements
• Payment Services Directive 2 (PSD2) where applicable

Jurisdictional Split:

Users are subject to different terms and regulatory oversight based on their location:

• UK residents: Governed by UK FCA regulations and Monavate Limited terms
• EEA residents: Governed by EU regulations and UAB Monavate terms
• Other regions: Subject to local regulations and specific entity agreements

This multi-layered regulatory structure ensures compliance across all operating jurisdictions while maintaining the self-custodial nature of the service.

Technical Details

The Gnosis Pay Card is built on sophisticated blockchain infrastructure that seamlessly bridges traditional payment rails with decentralized finance:

• Blockchain: Gnosis Chain (formerly xDai), a fully EVM-compatible Layer-1 blockchain
• Wallet Infrastructure: Gnosis Safe smart contract wallet created for each user
• Transaction Processing:
  1. User makes purchase with card at merchant
  2. Visa network processes authorization
  3. System checks Safe balance and reserves stablecoins
  4. Transaction undergoes balance verification, AML screening, and fraud analysis
  5. Merchant receives fiat payment via Visa's standard settlement
  6. Transaction settled on Gnosis Chain within seconds
  7. Secure relay mechanism allows the Safe to authorize spending

This technical architecture creates a seamless bridge between traditional payment rails and blockchain technology. When a user makes a purchase with their Gnosis Pay Card, the transaction is processed through the Visa network like any normal debit card transaction. Behind the scenes, the equivalent amount is deducted from the user's Safe wallet on Gnosis Chain.

The system handles all gas fees and abstracts away the complexity of blockchain transactions, making the experience feel like using a standard debit card while maintaining the benefits of self-custody.

Transparency and Monitoring:

All cashback rewards are tracked via a public Dune Analytics dashboard, providing complete transparency to the community regarding reward distribution and program metrics.

Integrations:

The card works with:

• Zeal Wallet: Provides integrated management, auto-recharge features, and referral program for European users

User Experience

The Gnosis Pay Card offers a web-based interface (app.gnosispay.com) that is mobile-responsive but does not currently have a dedicated native app. Through this interface, users can:

• Order and activate physical and virtual cards
• Create and manage multiple virtual cards
• Monitor balance and transaction history
• Manage their Card Safe wallet
• Top up funds (via crypto or IBAN where available)
• Track rewards and cashback earnings
• View weekly cashback snapshots and payout schedules
• Freeze/unfreeze cards for security

The card has received strong ratings in comparative analyses, ranking as the #2 crypto card overall and #1 among non-custodial crypto cards specifically. Customer service is rated exceptionally well at 9.8/10, significantly outperforming the industry average of 7.6/10.

Users particularly appreciate:

• Seamless everyday use ("works like any Visa")
• No off-ramp hassles or fees
• Self-custody security
• Generous cashback program with weekly payouts
• Responsive support team
• Availability of both physical and virtual cards

However, some challenges have been noted:

• Initial setup complexity and bridging learning curve
• Limited spending options (only three stablecoins)
• Some confusion during the top-up process
• Weekly cashback caps may limit rewards for high spenders

Practical Limitations:

The card cannot be used for certain merchant categories due to pre-authorization restrictions and risk management:

• Car rentals
• Automated fuel pumps (pay inside at cashier instead)
• Gambling establishments
• Pawn shops
• Other high-risk merchant categories

These restrictions are in place to protect users from excessive pre-authorization holds and to comply with regulatory requirements.

Customer Support:

For customer support, Gnosis Pay offers:

• In-app chat on website
• Email support at [email protected]
• Comprehensive FAQs and guides
• Active community support on social media and forums

Separate Support Channels:

• Card issues: Contact Gnosis Pay support
• IBAN/banking issues: Contact Monerium support

Best Suited For

The Gnosis Pay Card is ideally positioned for:

• Self-custody advocates who want to maintain control of their private keys while enjoying traditional payment convenience
• GNO token holders who can maximize cashback benefits through the tiered rewards program
• International travelers from supported regions who benefit from zero FX fees and worldwide Visa acceptance
• Crypto enthusiasts in Europe and Latin America looking to use digital assets for everyday spending without conversion fees
• DeFi users who appreciate the integration with yield-generating platforms through partners like Zeal Wallet
• Users seeking banking alternatives who want IBAN functionality combined with self-custodial crypto storage

Pros and Cons

Pros

• True self-custody model preserves control of private keys and assets
• Zero-fee structure for normal usage (no transaction, FX, or off-ramping fees)
• Generous cashback program offering up to 5% in GNO tokens with weekly payouts
• Seamless integration with traditional payment rails and Visa acceptance
• Built-in IBAN account for eligible EU users provides banking functionality
• Weekly automatic rewards distribution directly to Safe wallet
• Both physical and virtual cards available
• Expanded geographic availability to Latin America
• Support for three major stablecoins (EURe, GBPe, USDCe)
• Transparent cashback tracking via public Dune Analytics dashboard

Cons

• Limited cryptocurrency support (only EURe, GBPe, and USDCe stablecoins)
• Currently available only in Europe, UK, Argentina, and Brazil
• Cannot be used for car rentals, automated fuel pumps, gambling, and certain other merchant categories
• Initial setup and fund bridging has a learning curve for crypto newcomers
• Weekly cashback spending caps may limit rewards for high-volume spenders
• Direct referral program ended April 2025 (now partner-run only)
• Card Safe configuration should not be manually modified

Conclusion

The Gnosis Pay Card represents a significant innovation in the crypto card market through its genuinely self-custodial model. By allowing users to maintain full control of their private keys and assets while still enjoying the convenience of worldwide Visa acceptance, Gnosis Pay successfully bridges the gap between decentralized finance and everyday spending.

The card's combination of zero transaction fees, competitive cashback rewards with weekly payouts, and integration with traditional banking via IBAN accounts makes it an attractive option for crypto users in supported countries. The transparent fee structure, generous free ATM allowance, and availability of both physical and virtual cards further enhance its value proposition.

What truly sets the Gnosis Pay Card apart from competitors is its fundamental architecture - it never requires users to surrender control of their assets to a custodial service. This aligns with the core principles of cryptocurrency while solving the practical problem of spending crypto in everyday life.

The recent expansion to Argentina and Brazil, along with the addition of USDCe support, demonstrates Gnosis Pay's commitment to global accessibility. However, the limited cryptocurrency support (only three stablecoins) and the transition from direct referrals to partner-run programs represent areas where user expectations may need adjustment.

The current intermediary cashback programme (running through January 31, 2026) provides clear, tiered rewards with transparent weekly caps, though high-volume spenders may find the caps restrictive compared to the previous structure.

The Gnosis Pay Card is ideally positioned for crypto enthusiasts who prioritize self-custody, already use or are willing to acquire GNO tokens, and want a seamless spending experience without the usual friction of off-ramping crypto to fiat for everyday purchases. As the card continues to expand geographically and potentially adds new features, its utility and appeal will likely grow further.

Additional Information

Upcoming Features

Gnosis Pay continues to develop new features to enhance the card's functionality:

• Geographic Expansion: Planned launches in USA, Mexico, Colombia, Australia, Singapore, Thailand, Japan, Indonesia, and India
• Partner-Led Incentive Programmes: New cashback and rewards structures launching after January 31, 2026
• Expanded Banking Features: Potential extension of IBAN services to more users and regions
• Mobile App: Potential development of dedicated native applications for iOS and Android

Development efforts are focused on mobile integrations, geographic expansion, and partnership programmes, with OG NFT holders likely to get early access to new features as they roll out.

Card Usage Workarounds

The Gnosis Pay community has developed several workarounds to address current limitations:

• Auto Top-Up: Zeal wallet integration for automatic card funding from DeFi yields
• Gas Station Payment: Pay inside at cashier rather than at the pump to avoid pre-authorization holds and merchant category restrictions
• ATM Usage Strategy: Stay within €200/£200 or 5 withdrawals monthly limit to avoid fees
• FX Transactions: Always select local currency at terminals to avoid third-party conversion fees
• Bridging Funds: Use integrated bridges or low-cost options when moving funds to Gnosis Chain
• Contactless Limit: After 50 consecutive contactless transactions on physical card, insert card and use PIN to reset counter (mobile wallets not affected)
• Weekly Cashback Planning: Monitor spending against weekly caps to maximize rewards within your tier

For Troubleshooting Declined Transactions:

• Ensure sufficient EURe/GBPe/USDCe balance in Card Safe
• Check if merchant or country is on the restricted list
• Verify the merchant category is not blocked (gambling, car rentals, automated fuel pumps, pawn shops, etc.)
• After 50 consecutive contactless transactions (physical card), insert card and use PIN
• Remember that certain pre-authorization scenarios are blocked by design
• Contact [email protected] for persistent issues
• For IBAN-related issues, contact Monerium support separately

Technical Infrastructure Notes:

• The Card Safe is configured specifically for card functionality - avoid manual modifications
• When a card is used, the system employs a secure relay mechanism that allows the Safe to authorize spending
• Card transactions undergo multi-step processing including balance verification, AML screening, and fraud analysis
• All cashback rewards are tracked via a public Dune Analytics dashboard for community transparency
• Weekly cashback snapshots occur Sunday-Saturday, with payouts distributed the following Thursday