A crypto-funded Mastercard from a licensed EU issuer, weighed against its fees

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

SharPay is a crypto-funded Mastercard debit card issued by UAB Walletto, a Lithuanian electronic money institution, with payment services handled by SPEKA Payments Corp in Canada. It lets you spend cryptocurrency and euro balances wherever Mastercard is accepted, add the card to Google Pay or Apple Pay, and withdraw cash from ATMs. The card was designed for non-EU residents who need a payment card linked to a crypto balance rather than a traditional bank account.

SharPay suits non-EU residents who want a Mastercard with Apple Pay and a euro-denominated account, and who do not mind the upfront cost and ongoing fees. It does not suit EU residents (the crypto services are explicitly not offered to them), it does not suit people in restricted or prohibited countries, and it does not suit anyone looking for a free, no-monthly-fee card.

The conditions described in this review are current as of October 28, 2026.

Verdict

SharPay scores 5.9 out of 10. That is an honest middle-of-the-pack result: the card has real licensing behind it and works for everyday payments, but its fee structure is heavier than several alternatives and the geographical restrictions rule out a lot of readers.

The card suits non-EU residents who want a Mastercard with Apple Pay, who hold a mix of crypto and euro, and who can absorb the opening and monthly costs. It does not suit EU residents, residents of sanctioned or restricted countries, or anyone who wants a no-monthly-fee card.

Who will they give you the card

The first question is the obvious one: can you, personally, get a SharPay card? The short answer depends on where you live, not on your citizenship. The card’s rules are written in terms of residence.

SharPay explicitly states that you must not be a resident of a “restricted or prohibited” country. The prohibited list, published by SPEKA Payments Corp, includes Russia, Belarus, and the disputed regions of Crimea, Donetsk, Luhansk, Kherson and Zaporizhzhia, alongside Iran, Cuba and Syria. If you live in any of those places, the card is not available to you.

Crypto services are also “not to EU residents.” That is a separate, important line in the card’s own terms. If you live in an EU member state, you can register an account, but the crypto side of the product (crypto top-ups, crypto-to-fiat conversion, spending from a crypto balance) is closed to you. The euro payment account and the card itself may be available, but the headline feature — spending crypto with a tap — is not.

For everyone else, eligibility is decided by residence. Non-EU citizens verify with a foreign passport; EU citizens can use a passport or a national ID card. There is no separate citizenship rule, so a resident of a non-restricted country holding a passport from a restricted country is treated by residence, not by passport. Sanctions screening, however, can still apply to citizenship and country of birth separately, so the practical outcome is not always straightforward.

The total number of countries SharPay supports is not stated on the public pages. If your country is not on any restricted list and you are not an EU resident, the most reliable check is to start the registration and see whether your documents are accepted. A more useful first step, given the uncertainty, is to read the prohibited-list PDF on the SPEKA Payments website before you upload anything.

There is no minimum age published on the card’s public pages.

How to get it

The signup process has three stages: register, verify, order the card.

Register with a phone number, email address and password. The SharPay Wallet app is available on Google Play and Apple App Store; the homepage claims more than 15,000 users. Store ratings and the number of ratings were not visible on the day this was checked.

Verify by uploading a passport (full page, good quality; cropped copies are rejected), bank statements in English, and filling in a questionnaire about your expected turnover, source of funds and any links to politically exposed persons or US persons. A video selfie is part of the standard process. This is Level 1. Level 2 is the additional check needed for fiat accounts and cards, and it can take up to five business days. Document review at either level runs from one hour to 72 hours, depending on workload.

The card itself is offered as both a virtual and a physical version. The virtual card is active immediately after you order it, which means you can use the number for online purchases and add it to a mobile wallet without waiting. The physical card is shipped and typically arrives within 15 working days, though times vary by destination; the specific countries served and the delivery cost are not stated. You can hold up to five cards per account according to the app and homepage.

The card is a Mastercard debit. The card programme is run by UAB Walletto under its Bank of Lithuania e-money licence (number 33), and the card’s own statement confirms: “Flex Mastercard Debit card is issued by UAB Walletto.” The card’s base currency is the euro, and the fee schedule is denominated in euros.

Rejections during verification are not always final. The most common triggers, according to the card’s own guidance, are cropped document copies, non-passport identity documents, video selfies in poor light, and video selfies with a hat, glasses or filters. If you hit any of those, retake and resubmit rather than assuming a hard refusal.

Fees: what it really costs

The cost structure is where SharPay loses points. The headline number is 5.9 out of 10, dragged down by a 3/10 on cost. The fees below come from the card’s own fee schedule, in euros.

Three everyday payments show what the fees look like in practice.

Coffee at 4 EUR, paid with the virtual card in euros, no currency conversion needed. There is no per-transaction purchase fee in euros. The only cost is the 3 EUR monthly service fee, which you have already paid (or will pay) regardless of the purchase. Effectively, the coffee itself is free to transact; the 3 EUR monthly fee is the fixed cost of having the card.

A 50 EUR online subscription paid in US dollars. The FX mark-up is 2.99%, so you pay an extra 1.50 EUR on top of the subscription price. The 3 EUR monthly fee still applies. The 2.00 EUR + 1.99% top-up fee does not apply here because the original top-up is not a new card-to-card load.

A 1,000 EUR card-to-card top-up from a euro account incurs a 2.00 EUR + 1.99% fee. While this is the most expensive funding method, it allows immediate access to funds. The monthly service fee of 3 EUR applies regardless of how you fund the card.

The FX mark-up above 2.99% — that is, the spread on top of the published rate when you pay in a currency other than the euro — is not stated. The card says it opens in EUR but you can “purchase in any you wish,” and the system exchange rate is used for any crypto in another currency.

A single tier: there are no card tiers or plans. Pricing is listed per product (payment account 10 EUR, card 1 EUR, card service 3 EUR per month). ATM withdrawal fees and allowances are not listed on the fee page, even though ATM withdrawals are explicitly possible. The physical card replacement fee is also not stated, only the virtual card replacement at 1.00 EUR.

Top up: how to fund the card

The card supports a euro balance and a long list of cryptocurrencies: EUR, USDT, USDC, BTC, ETH, XRP, LTC and BCH on the FAQ, with DAI and TUSD also listed on the price page. The FAQ does not name the specific networks for each coin — it tells you to “select the currency and network” inside the app. For XRP, a memo or tag is needed; the same likely applies to any coin that uses a destination tag.

USDC top-ups via Mastercard/VISA cost 4%, and USDC withdrawals via the same rails cost 3%. Other coins are listed at the “network fee,” which is the blockchain’s own fee rather than a SharPay mark-up.

The minimum top-up is not listed on the public pages. The card’s own instructions say to “read the information about the minimum… top-up amount in the top-up amount input field” inside the app. That is, the minimum is shown at the moment of top-up, not in advance.

The card-to-card top-up — sending euros from another card to the SharPay card — costs 2.00 EUR + 1.99%, which is the most expensive way to fund the card among the listed options. The cheapest is direct crypto transfer, where you only pay the network fee (gas, bandwidth, or whatever the underlying chain charges).

When you top up with a crypto in a currency other than euro, the card “automatically exchanged at the system exchange rate.” The rate used, the spread, and the precise timing of the exchange are not stated on the public pages, which is a piece of information you would want to confirm in the app before topping up with anything other than euros.

Withdrawal from the card to other destinations is possible. The card’s documentation lists transfers to SEPA, cards, e-wallets and crypto, processed “from 1 to 60 minutes.” Card transfers are only allowed if the card was previously topped up, which is a typical anti-fraud rule. What happens to the balance on account closure is not stated, only the closure fees (25 EUR personal, 100 EUR business).

Paying with it every day

Once the card is funded, everyday use is the strongest part of the offer. The virtual card works the moment it is ordered, so you can add it to Google Pay or Apple Pay immediately and start tapping to pay. The card explicitly says: “You can pay using contactless payment. Google Pay and Apple Pay.”

For online purchases, the standard flow is to use the card details inside the app. 3-D Secure 2.0 is in place, which means you may be asked to confirm a payment with a one-time code or biometric, depending on the merchant and the risk score. This is the EU’s strong customer authentication approach.

ATM withdrawals are possible, but the fee and any monthly allowance are not stated. This is a gap in the published information, and worth confirming in the app before relying on the card for cash.

Blocked merchant categories follow the SPEKA prohibited-activities list, which covers illegal gambling (including unlicensed online casinos and sports betting), adult content and similar categories. The blocked list varies by issuer; SharPay has chosen to apply the SPEKA list rather than a different one.

Cashback is not stated. There is no rewards programme mentioned on the public pages read for this review, and the score for everyday use (9 out of 10) reflects functionality rather than perks.

Disputes and chargebacks work through the standard process. SharPay charges 40 EUR for chargeback handling, which is the fee the issuer charges you to open a dispute — that is independent of whether the dispute succeeds. The card’s FAQ also notes that “if your account has been debited twice during payment, the money will be returned to your account automatically,” which is a standard duplicate-billing safeguard. A refund policy PDF is linked, but the precise time frames are not stated.

What can go wrong

The risks of a card like this are not unique to SharPay, but they are worth walking through.

Regulatory risk. The card is issued by UAB Walletto, a Lithuanian electronic money institution under Bank of Lithuania licence number 33. Crypto services are handled by SPEKA Payments Corp, a Canadian Money Services Business registered with FINTRAC (registration number M22046940), and SPEKA’s crypto services are “outside the EU and not to EU residents.” SharPay itself is operated by GTM Exchange Ltd in Cyprus. That is a three-jurisdiction structure, with the EU licence for the card and the non-EU licence for the crypto side. If the EU side changes its rules (under MiCA, for example) or if the Canadian registration is altered, the product’s availability can shift quickly.

Custodial risk. The card is custodial. Your euro and crypto balances are held by SharPay, not by you directly. This means you are exposed to the platform’s solvency and to its security. The public pages do not state whether customer funds are safeguarded in segregated accounts or insured; the standard EU rule for e-money institutions is segregation, but the specifics for SharPay are not published. There are no safeguarding or insurance figures on the card’s own pages.

Screening risk. SharPay’s own documents reserve the right to ask for “Proof of funds” and run ongoing monitoring. This is standard under EU KYC rules, but it means an account can be frozen, restricted or closed if the documentation is incomplete or if a transaction triggers a review. EU rules require the institution to refrain from transactions or end relationships if due diligence cannot be completed.

Geographic risk. Because the rules are by residence, moving to an EU country or to a prohibited country can change your access. If you relocate, your account may need to be re-evaluated, and the crypto services may be switched off.

Operational risk. The card’s published support channels are a Cyprus phone number (+357 2503-09-49), email (addresses are obfuscated on the website), an in-app widget, and social media (Facebook, X, Instagram, LinkedIn). The website is available in English, Ukrainian and German. Support hours are not stated, which is itself a small risk if you need help outside business hours.

Complaint history. No complaints were found in the official sources reviewed, and a Trustpilot search on the day of checking returned Shieldpay and b-sharpe, not a SharPay page. The one dedicated search for “SharPay card complaints” on Reddit and Trustpilot returned only unrelated brands (Shop Pay, OnePay). That is a clean record so far, but it is also a thin record: a small user base means fewer reports, not necessarily fewer issues.

Security features that are in place. Login is protected by one-time codes (2FA). Cards can be blocked and unblocked in the app. 3-D Secure 2.0 is enabled. These are the standard safeguards; they are not unique to SharPay, but they are present.

What to take instead

The card is one of several options in the category, and the table below shows three alternatives that were checked on the same day. Each has its own trade-offs.

International Visa Card is the strongest of the four by score (6.7/10), mainly because it is a US-issued Platinum Visa with no monthly fee on the free plan and a 2% FX mark-up — cheaper than SharPay’s 2.99%. It is also stricter on geography, with Russia, Ukraine, Turkey, Israel, India and a long list of others blocked.

UNi Card (6.1/10) is multicurrency on Mastercard with no annual fee and no foreign transaction fee, with up to 3% Spend-to-Earn rewards. Its availability is not stated, so the practical answer to “can I get one” depends on checking the issuer’s page.

Whop Cards (5.2/10) are US-restricted (31 states for consumers), with 5% cashback at selected merchants, currently Uber, and “no extra fees” — though no issuance or monthly amounts are listed. They spend from a Whop balance backed by stablecoin collateral.

For a non-EU resident who wants a euro-denominated Mastercard with Apple Pay, SharPay is a defensible choice. For a US resident who can access the US-issued Platinum Visa, the International Visa Card is a stronger fit on cost. For a reader who values rewards over availability, UNi Card or Whop Cards may be worth a closer look.

Who I would recommend it to

SharPay is for a specific reader. The recommendation is shaped by what the card does well and what it does not.

It is a good fit if you are a non-EU resident (resident in a country that is not on the prohibited list) and you want a Mastercard debit card linked to both a euro balance and a crypto balance. The Lithuanian licence behind the card is real, and SPEKA’s Canadian registration is a recognised MSB registration. The card’s reliability score (8/10) reflects that.

It is a good fit if you specifically want Apple Pay and Google Pay with a euro card that you can load with crypto. The virtual card is active immediately, and adding it to a mobile wallet is straightforward. The everyday use score (9/10) reflects this.

It is not a good fit if you are an EU resident. The crypto services are explicitly not offered to EU residents, which is the card’s own rule. The euro payment account may still be available, but the headline feature is closed.

It is not a good fit if you live in a restricted or prohibited country. The list includes Russia, Belarus, Crimea, Donetsk, Luhansk, Kherson, Zaporizhzhia, Iran, Cuba, Syria and others. If you live in any of these, the card is not available.

It is not a good fit if you want a no-monthly-fee card. Three euros per month is not large, but it is a fixed cost, and on top of the 10 EUR account-opening fee and the 1 EUR card-issuance fee, the entry cost is non-trivial. If you do not spend enough each month to make the 3 EUR worth it, the cost score (3/10) is the relevant warning.

It is not a good fit if you want cashback or rewards. The card does not state a cashback programme, so the 9/10 on everyday use is about functionality, not about money back.

If your situation matches the first two “good fit” points, the card is worth applying for. If your situation matches any of the “not a good fit” points, one of the alternatives above will likely serve you better.

Frequently asked questions

What is the SharPay card?

The SharPay card is a Mastercard debit card linked to a euro payment account and a crypto balance, with virtual and physical versions and support for Google Pay and Apple Pay. It is issued by UAB Walletto in Lithuania and operated by GTM Exchange Ltd in Cyprus.

How does the SharPay card work?

You fund the card with euros or with supported cryptocurrencies, and the card spends from that balance wherever Mastercard is accepted. Crypto in a currency other than euros is converted at the system’s exchange rate when you top up.

Is SharPay a bank?

No. SharPay is not a bank. The card is issued by UAB Walletto, an electronic money institution licensed by the Bank of Lithuania, and the crypto services are provided by SPEKA Payments Corp, a Canadian Money Services Business registered with FINTRAC. E-money institutions are not banks, and their customer funds are not covered by deposit guarantee schemes.

Who owns SharPay?

The SharPay website and app are operated by GTM Exchange Ltd, registered in Cyprus. The card programme is held by UAB Walletto, registered in Lithuania, and the crypto side is run by SPEKA Payments Corp, registered in Canada. The ownership structure is a three-company split rather than a single parent.

Is the SharPay card available in my country?

The card is not available to residents of “restricted or prohibited” countries, which include Russia, Belarus, Crimea, Donetsk, Luhansk, Kherson, Zaporizhzhia, Iran, Cuba and Syria. Crypto services are also not offered to EU residents. For any other country, the most reliable answer is to start the registration and see whether your documents are accepted, because the total list of supported countries is not published.

How do I apply for the SharPay card?

You register on the website or in the app with a phone number, email and password, complete Level 1 verification (passport, bank statements, video selfie, questionnaire), wait for Level 2 to clear (up to five business days), and then order the card. The virtual card is active immediately; the physical card arrives in about 15 working days.

Does the SharPay card require KYC?

Yes. Standard verification requires a passport (full page, good quality), bank statements in English, a video selfie and a short questionnaire about turnover, source of funds and any politically exposed person or US-person links. Level 2 verification, needed for fiat accounts and cards, adds an extra check that can take up to five business days.

How do I top up the SharPay card?

You can top up with euros (card-to-card, at 2.00 EUR + 1.99%) or with supported cryptocurrencies (USDT, USDC, BTC, ETH, XRP, LTC, BCH, and on the price page DAI and TUSD). The minimum amount is shown in the app at the moment of top-up, not on the public website. USDC top-ups via Mastercard/VISA cost 4%; other coins are charged at the blockchain’s network fee.

How do I add the SharPay card to Apple Wallet or Google Pay?

Once the virtual card is active, you add it through the SharPay Wallet app using the standard tokenisation flow, and the card appears in Apple Pay or Google Pay on the same device. The physical card can be added the same way once it arrives. The card’s own documentation explicitly supports Google Pay and Apple Pay.

Is the SharPay card safe?

The card uses 3-D Secure 2.0, login is protected by one-time codes, and the card can be blocked and unblocked in the app. The card is custodial, so the platform holds your euro and crypto balances, and the public pages do not state whether funds are safeguarded in segregated accounts or insured. As with any custodial product, your exposure to the platform is part of using it.

Content created by the «cryptocardtested» team