UR Card

UR Mastercard Virtual Debit Review: Fees, Rewards & Availability

Basic Information

The UR Mastercard Virtual Debit is a Swiss-regulated virtual prepaid card that bridges on-chain cryptocurrency holdings with traditional fiat spending through FINMA-supervised infrastructure.

Rewards and Benefits

• USDe "Hold and Earn" - Variable APY rewards with daily accrual and weekly payments (requires completed KYC)
• Referral Program - $5 bonus to both referrer and referee after KYC completion and first $5 spend (unlimited invites)
• Promotional Pro Membership - Three months free Pro access for accounts verified between October 7, 2025 – January 6, 2026
• No cashback structure for card spending transactions

Fees and Limits

UR Mastercard Virtual Debit fees are structured around a two-tier membership model with competitive crypto conversion rates.

Spending and Transaction Limits

Card Tiers and Options

Promotional Offer: New users verified between October 7, 2025 – January 6, 2026 receive three months of Pro membership free.

Top-Up Methods

Users top up their UR Card by depositing supported cryptocurrencies (ETH, USDC, USDT, USDe) from external wallets on Arbitrum, Base, Ethereum, or Mantle networks directly into their UR account via the mobile app or web platform. Deposited crypto is instantly converted to fiat (CHF, EUR, USD, RMB, JPY, HKD, SGD) at real-time rates with a 0.5% crypto-to-fiat conversion fee for Basic members (Pro members may have 0% during promotions), and funds become available immediately for card spending. Top-ups require moving assets from self-custody to the platform's custodial wallet, with user funds represented as tokenized fiat (UR Cash Tokens) on Mantle, and Swiss deposit insurance does not apply. The card operates on a prepaid model, so pre-loading is required before spending, and daily/monthly spending limits apply (10,000 EUR daily/20,000 EUR monthly; 100,000 CHF monthly account cap). There are no top-up fees beyond network gas and conversion fees, and minimum/maximum top-up amounts are governed by card spending and payout thresholds rather than explicit deposit minimums.

Self-Custody Hybrid Custody

UR Card uses a hybrid custody model where users deposit crypto from their own wallets, but these assets are immediately converted to fiat and represented as tokenized balances (UR Cash Tokens) on the Mantle network, under the platform’s control. Users maintain control of their crypto up until the point of deposit, after which the funds are held by the provider and can be spent via the virtual Mastercard. This means you can’t independently access or withdraw your funds once they’re on the platform; if UR ceased operations, access to your assets would depend on the provider’s recovery process rather than your own private keys. The approach offers convenience, regulated Swiss oversight, and on-chain transparency, but does not provide deposit insurance or true self-custody. Users benefit from seamless crypto-to-fiat conversion and global spending, yet must trust the platform’s security and solvency for ongoing access to their balances. This model balances ease of use and regulatory compliance with reduced self-sovereign control over your funds after deposit.

Supported Currencies and Conversion

Cryptocurrencies

• ETH - Arbitrum, Base, Ethereum networks
• USDC - Arbitrum, Base, Ethereum, Mantle networks
• USDT - Arbitrum, Ethereum networks
• USDe - Mantle network (usable for card payments when USD is enabled; rate capped at 1:1 against USDC based on major CEX rates; spending may be paused if depeg exceeds threshold)

Fiat Currencies

Account and Spending: CHF, EUR, USD, RMB, JPY, HKD, SGD

FX Conversion Support: EUR, USD, CHF, RMB

Geographic Availability

UR Mastercard Virtual Debit is available across select countries in Europe, Asia, Oceania, the Americas, and Africa, with comprehensive restrictions on both country-level and payment-level jurisdictions.

Europe

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Åland Islands, Faroe Islands, Svalbard and Jan Mayen

Asia & Oceania

Australia, China (PRC), Hong Kong, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan, United Arab Emirates

Americas

Brazil, Canada

Africa

Réunion

Restricted Countries

United States, Mexico, Russia, Ukraine, South Africa, Nigeria, Iran, North Korea

Restricted Payment Countries

In addition to the restricted countries above, UR automatically declines any transaction involving the following jurisdictions: Algeria, Angola, Bahamas, Barbados, Belarus, Burkina Faso, Burundi, Cambodia, Cameroon, Cayman Islands, Central African Republic, Congo (Democratic Republic), Cuba, Eritrea, Gibraltar, Haiti, Jamaica, Jordan, Kenya, Lebanon, Libya, Mali, Monaco, Morocco, Mozambique, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Venezuela, Vietnam, Yemen, Zimbabwe.

Restricted Nationalities

U.S. Persons (including U.S. citizens, residents, green card holders, and nationals of Puerto Rico, Guam, American Samoa, Northern Mariana Islands, U.S. Minor Outlying Islands), Russia, Iran, North Korea

Compliance and Security

Regulatory Framework

• License: FinTech License (Article 1b Swiss Banking Act)
• Supervisor: FINMA (Swiss Financial Market Supervisory Authority)
• Issuer: SR Saphirstein AG (CHE-256.014.995), Zürich, Switzerland
• Deposit Insurance: ❌ Not covered under Swiss Deposit Protection Scheme

Security Features

• KYC Requirements: Biometric passport with NFC scanning capability
• Transaction Security: 3-D Secure/SCA (PSD2) with OTP to registered email
• Independent Audits: Security audits by Zenith and BlockSec (reports available)
• Custody Model: Client fiat represented as UR Cash Tokens on Mantle network
• Account Representation: UR Account Token (NFT) represents business relationship

Technical Details

Conversion Mechanics

• Timing: Real-time crypto-to-fiat conversion upon deposit
• Settlement: Instant for crypto deposits; same-day bank payouts if submitted before 15:00 CET
• Processing: Typically 1-2 business days for bank transfers
• Payment Priority: Direct Pay and Default Card Currency preferences control spending sources

Technical Infrastructure

• Blockchain: Mantle network for tokenized fiat representation
• Token System: UR Cash Tokens (CHF24/EUR24/USD24) represent client deposits
• NFT Integration: UR Account Token (NFT) represents business relationship
• Banking Rails: SEPA, SWIFT, and SIC payment integration

User Experience

UR Mastercard Virtual Debit provides a streamlined mobile-first experience with instant activation and comprehensive digital wallet integration.

• Platforms: iOS and Android mobile apps, web application
• Support: Zendesk portal and [email protected] email
• Activation: Instant after KYC completion for virtual card (requires minimum $1 balance)
• Card Validity: 5 years; automatic renewal if card used at least once within 6 months before expiry (otherwise reactivation required)
• Wallet Integration: Immediate compatibility with Apple Pay, Google Pay/Google Wallet, and Alipay
• Account Management: Swiss IBAN assignment after verification for Pro members

Merchant Restrictions

The following merchant categories are automatically rejected: automated fuel dispensers, gambling/lottery/casino, money transfer businesses, quasi cash, political/religious organizations, utilities, and other restricted categories. Additionally, any transaction involving Restricted Payment Countries is automatically declined regardless of merchant type.

Withdrawal Capabilities

The card is virtual-only with no physical card or PIN issued. Specific ATM withdrawal capabilities are not documented in official materials.

Best Suited For

• Crypto-native users who frequently convert cryptocurrency to fiat for everyday spending
• European and Asian residents seeking regulated crypto-to-fiat solutions with Swiss oversight
• Mobile-first spenders who prefer digital wallet payments over physical card transactions
• High-volume converters who can justify Pro membership costs through 0% off-ramp fees
• Privacy-conscious users who value virtual-only cards without physical delivery logistics

Pros and Cons

Pros

• Swiss FINMA regulation provides institutional-grade oversight and compliance
• Direct on-chain crypto integration across major networks (Arbitrum, Base, Ethereum, Mantle)
• Instant virtual card activation with immediate mobile wallet compatibility
• Pro tier offers 0% crypto off-ramp fees during promotional periods
• No physical card logistics or delivery delays
• 5-year card validity with automatic renewal for active users

Cons

• Virtual-only format with no physical card or PIN
• Fixed spending limits cannot be adjusted based on user needs
• No deposit insurance coverage under Swiss protection schemes
• Complete exclusion of U.S. Persons (citizens, residents, green card holders)
• Bank transfer capabilities require $24/month Pro subscription
• Extensive restricted payment countries list automatically declines many international transactions

Conclusion

UR Mastercard Virtual Debit represents a sophisticated virtual-only Mastercard solution that successfully bridges on-chain cryptocurrency holdings with traditional fiat spending through Swiss regulatory infrastructure. The platform's standout features include direct crypto integration across major networks, instant conversion capabilities, and regulated Swiss oversight under FINMA supervision.

The service excels for crypto-native users in supported European and Asian markets who prioritize mobile wallet spending and value on-chain deposit capabilities. However, significant limitations include the virtual-only format, fixed spending limits, absence of deposit insurance protection, and complete exclusion of U.S. Persons and transactions involving an extensive list of restricted payment countries.

The fee structure presents a mixed value proposition - Pro members benefit from 0% crypto off-ramp fees during promotional periods, but the $24 monthly subscription and 1-1.05% FX conversion fees may offset savings for moderate users. The ideal user profile includes high-volume crypto converters who can justify Pro membership costs and prefer regulated Swiss infrastructure over traditional neobank alternatives.

Additional Information

Approved Payout Destinations

Beyond personal bank accounts, UR supports payouts to selected platforms including Binance, Bitstamp, Interactive Brokers, Kraken, Neverless, and Wise, with specific currency constraints and verification requirements per destination.

Bank Withdrawal Compliance: Bank withdrawals generally require you to first deposit a small amount from the same bank account. Withdrawals are then limited to that same verified account for compliance purposes.

Business Account Options

UR Business Account available for corporate users, handled through customer support with enhanced verification requirements and potentially different fee structures.

Promotional Timeline

The three-month free Pro membership promotion applies specifically to accounts verified between October 7, 2025 – January 6, 2026, with 0% crypto off-ramp fees during the promotional period.