DeFi maxiSR Saphirstein AG (Fiat24)mastercard● Live

Morph Pay Card

Name: Morph Pay Card
Brand: SR Saphirstein AG (Fiat24)
Availability: InStock

A hybrid-custody virtual Mastercard with a Swiss IBAN, using NFTs to set fee tiers for spending tokenized fiat on Arbitrum.

Morph Pay Card is a crypto-linked virtual Mastercard debit card with a Swiss IBAN account, designed for freelancers and crypto users to spend digital assets globally. Users top up multi-currency balances via crypto through the dApp and access DeFi products within the Fiat24 ecosystem.

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Best for

Digital nomads spending tokenized fiat with a Swiss IBAN.

Skip if

You live in the US/Canada or need a physical card.

Network

mastercard

Custody

hybrid

KYC

full

Max cashback

0.00%

Min monthly fee

Apple Pay

Yes

Google Pay

Yes

Physical card

Yes

The verdict

What we like

Low top-up fees, down to 0.125%.
High spending limits up to €500,000/day.
Instant virtual card issuance after KYC.
No-fee FX with matched multi-currency balances.

Watch outs

Unavailable in US, Canada, and 45+ countries.
Virtual card only; no physical option.
Premium tiers require purchasing a Fiat24 NFT.
No PIN; uses 3DS email OTP.

Get a Swiss IBAN to spend tokenized fiat via a virtual Mastercard-network card.
Top-up fees are 1% but drop to 0.125% with a 2-digit NFT.

Basic information

Type: Mastercard prepaid virtual debit (3DS OTP security) Key Feature: Swiss IBAN account with multi-currency balances; tiers based on Fiat24 NFT digits Availability: 170+ countries (excludes US, Canada); Apple Pay/Google Pay/Samsung Pay supported Standout Benefit: Hybrid-custody funds with crypto top-up fees from 1% down to 0.125% based on NFT tier Biggest Downside: Virtual-only; unavailable in US/Canada; requires NFT purchase for premium access.

Fees

Card Issuance: Free Annual/Monthly Fee: $0 Crypto Top-Up Fee: 1.0% (Standard), 0.5% (Premium), 0.25% (Ultimate), 0.125% (2-Digit NFT) FX Fees: 0% when spending in a currency you hold; ~1% for other currencies ATM Withdrawal: $0 (ATM owner fees may apply) Bank Transfers: Free (SEPA/SWIFT) Failed Bank Withdrawals: 10 CHF/EUR Minimum Balance: 10 EUR/CHF/USD to activate card

Spending & ATM limits

Notes: Monthly account transactions: $100,000 (Standard) to $10,000,000 (Ultimate). Minimum balance of 10 EUR/CHF/USD required to activate card.
Daily Spending: €10,000 - €500,000 depending on tier
Monthly Spending: €20,000 - €1,000,000 depending on tier

Features

Personal Swiss IBAN account for each user
Multi-currency balances (USD, EUR, CHF, CNH) under a single IBAN
Instant virtual card issuance after KYC
Tiered fees and limits based on Fiat24 NFT ownership (2 to 8 digits)
Tokenized fiat balances (e.g., USD24, EUR24) as ERC-20 tokens on Ethereum/Arbitrum
Alchemy Pay integration for on/off-ramps in 173 countries
Send and receive transfers via SEPA and SWIFT

Rewards

The Morph Pay Card rewards structure is currently listed as "Coming Soon". The previously advertised cashback rates for the discontinued Black (1% cashback) and Platinum programs are no longer active. The current Fiat24 tiers do not have a cashback program, but one is stated to be under development.

Availability

Available in 96 countries (170+ countries claimed). Restricted in 11 countries listed plus 45+ additional high-risk jurisdictions including Crimea, Donetsk, Luhansk, UAE, Saudi Arabia. Key regions missing: United States, Canada, Hong Kong.

Top-up & funding

Crypto (USDC, USDT, ETH)
Web3 wallet connect (MetaMask, WalletConnect)

Instant processing for internal crypto transfers

Security & custody

Web3 authentication using private key signatures
3-D Secure (OTP via email) for online transactions
Card lock/unlock functionality
Budget-approval controls in app
Transparent on-chain verification of balances
Biometric passport/ID verification (ePassport)
Selfie verification with GPS location check

Risk note. If the provider disappears, users retain their on-chain fiat tokens but may lose the ability to redeem them for real-world fiat. Fiat funds are NOT covered by Swiss deposit insurance.

Mobile wallets

Apple Pay Supported

Google Pay Supported

Samsung Pay Supported

Card tiers

2-Digit NFT

Card material: Virtual only
Issuance fee: Free
Requirements: Purchase 2-digit Fiat24 NFT

Lowest crypto top-up fee available

Ultimate

Card material: Virtual only
Monthly limit: €1,000,000
Issuance fee: Free
Requirements: Purchase 3-digit Fiat24 NFT

€500,000 daily spending limit
$10,000,000 monthly account transactions

Premium

Card material: Virtual only
Monthly limit: €200,000
Issuance fee: Free
Requirements: Purchase 4-digit Fiat24 NFT

€100,000 daily spending limit
$1,000,000 monthly account transactions

Standard

Card material: Virtual only
Monthly limit: €20,000
Issuance fee: Free
Requirements: Purchase 5-8 digit Fiat24 NFT

€10,000 daily spending limit
$100,000 monthly account transactions

Black

Cashback: 1% cashback in crypto (discontinued)
Requirements: Program discontinued September 2025

Refund program: 0.2 ETH mint cost refunded
Claim deadline: October 17, 2025

Platinum

Cashback: No fixed cashback rate (discontinued)
Requirements: Program discontinued September 2025 (Soul-bound token)

Refund program: 0.3 ETH mint cost refunded
Claim deadline: October 17, 2025

Loan & credit features

No overdraft or credit facilities available

Banking services

● Iban● Sepa Transfers● Swift Transfers● Virtual Accounts

Personal Swiss IBAN account for each user. Multi-currency balances (USD, EUR, CHF, CNH) within the same account. Send and receive transfers via SEPA, SWIFT, and SIC payment systems. Processing times: SEPA same-day or next-day, SWIFT 1-3 business days, internal Fiat24 transfers immediate.

What users say

No public user ratings available yet

Risks & limitations

Risks

CounterpartyIf provider disappears, users retain on-chain fiat tokens but may lose ability to redeem for real-world fiat
RegulatoryFiat funds are NOT covered by Swiss deposit insurance
RegulatoryFINMA FinTech license is not a full banking license - cannot lend deposits, limited to deposit-taking up to CHF 100 million
RegulatoryTokenization of fiat balances as ERC-20 tokens may face increased scrutiny as regulatory frameworks for crypto assets evolve
MarketBlack and Platinum programs officially concluded with refund program announced September 6, 2025

Limitations

majorNot available in US, Canada, and 45+ other countries including sanctioned regions
moderateVirtual card only - no physical card option
moderatePremium tiers require NFT purchase with specific digit counts
majorFiat balances not covered by Swiss deposit insurance
moderateBlack/Platinum rewards programs discontinued
moderateComplexity may present barriers for less crypto-savvy users
minorNo PIN for card - relies on 3DS email OTP for online security
minorNo interest on fiat balances
minorNo overdraft or credit facilities

Latest updates

September 6, 2025
Black and Platinum Programs Concluded
Morph announced the official conclusion of the Morph Black Card and Morph Platinum Card programs. A refund program was launched for eligible participants with claim deadline October 17, 2025.

Roadmap

Recently shipped

Black and Platinum programs concluded September 6, 2025
Refund program launched for Black/Platinum holders
Transition to Fiat24 NFT-based tier system

Planned

Rewards program under development
MORPH token support (once launched)

Best suited for

Digital nomads, remote workers, crypto investors, and international travelers who need borderless financial services and the ability to spend crypto earnings globally while maintaining self-custody of funds.

Our verdict

Morph Pay bridges DeFi and traditional banking with a Swiss IBAN and Mastercard debit card for spending tokenized fiat. Its strengths are low top-up fees (as low as 0.125%), a hybrid self-custody model, and multi-currency support. However, it's a virtual-only card, unavailable in the US/Canada, and its premium tiers require an NFT purchase.

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