Paystand DeFi Corporate Card

Control your business expenses with DeFi Corporate Card

  • Earn 1% back in bitcoin on every purchase
  • Eliminate employee expense reports  
  • Must be a business to apply
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Pay your vendors seamlessly & eliminate employee expense reports

With Paystand's DeFi Corporate Card, you can pay vendors on and off Paystand easily. 

You can set budgets up front, create virtual and physical cards with custom spend controls to prevent unauthorized charges, and earn 1% back in bitcoin on every purchase. 

DeFi Cards are Visa cards that operate like debit cards.

Features:
  • Virtual and physical cards for your whole team 
  • Advanced spend controls like custom spend limits, auto-lock dates, and category controls 
  • Earn 1% back in Bitcoin on every purchase
  • Track transactions in real time
  • Free to use!

Sign Up Today

Sign Up
Sign Up

Create an account and complete a quick Know-Your-Customer (KYC) and Know-Your-Business (KYB) verification process to access your daily spend limit. 

Control Spend for Free
Control Spend for Free

Provision virtual and physical cards, set spend limits and merchant category restrictions, and ensure your team always stays within budget. 

Get Rewarded
Get Rewarded

Earn bitcoin on every business expense. No investment or fees incurred on your part.

Explore how DeFi Corporate Card works in this 3 minute demo video

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Speed and Flexibility

Real-time expense tracking

Track all card transactions automatically in a single platform by class and category. 

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Comprehensive Security

Touchless and secure

Paystand’s DeFi Corporate Card is a virtual and physical card provisioning platform. Virtual cards reduce fraud on online purchases significantly. You can assign cards internally for your company, or externally for your vendor payments.

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Experience DeFi Corporate Card

Sign up in less than 5 minutes

Create a DeFi Corporate Card account within minutes that gives you tighter control over your team’s expenses and bitcoin rewards. 

Sign up for free today! 

 

Please note that if you suspect any unauthorized charges, you can dispute charges here. Our team will investigate the dispute and deliver a resolution within 60 business days. 

**Terms and conditions

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FAQs

Am I eligible to apply?

Paystand’s DeFi Card is available to corporations and other forms of non-individual liability companies. Paystand underwrites with Employer Identification Numbers (EINs), so consumers, sole proprietors, and other unregistered businesses are ineligible. Only companies organized and registered in the United States (such as C-corps, S-corps, LLCs, or LLPs) may apply for a DeFi Corporate Card account.

Consumers, sole proprietors, unincorporated partnerships, and companies registered outside the United States are not permitted to use, or attempt to open or use, a DeFi Card account. There are also some prohibited activities and businesses that Paystand cannot support, see our Terms of Service. 

What are the payment terms?

DeFi Corporate Card is paid daily from the bank account you link when you apply.

How do I pay my card balance?

Your card balance is paid automatically on a 24 hour basis. Paystand initiates an ACH pull from your business bank account and then replenishes your account spend limit immediately. 

How do you connect my business bank account?

We use Sophtron, a bank linking provider that securely links your bank account to fund your DeFi Cards on a daily basis. 

Will applying affect my personal credit score?

No. Applying for DeFi Corporate Card, whether your application is approved or rejected, will never affect your personal credit score.

How do you determine my spend limit?

Paystand offers spend limits that are dynamic by design. Instead of checking your personal credit score or FICO, we protect your personal information and instead base spend limits on your company’s bank account balance. We can easily increase your spend limit as you consistently pay your cards. 

What’s the cost?

The platform is free to use in the US. Physical cards cost $5 each, and cross-border transactions cost 1.5% and a flat fee of $0.30 per transaction. 

How does Paystand make money from DeFi Cards?

We don't charge you fees or interest on your DeFi card. Instead, we simply receive a small fee from the merchant for each purchase you make with your card. Note, we do not receive any fees from merchants on the Paystand network, nor do our merchants pay any fees. 

What crypto rewards does Paystand offer?

Paystand offers best-in-class bitcoin rewards based on a percentage of card spend volume. You get 1% back in bitcoin on all purchases, and 2% back when you spend $10K in your first 30 days. See our Rewards Terms of Service here

How can I redeem my rewards?

As long as your Card remains open and in good standing and you have spent at least $10,000 in a 30 day time frame, you can request Paystand to sell your rewards at the applicable market price at the time of disbursement (subject to applicable spreads, charges, or fees) and calculated and paid to the one hundred millionth of the relevant unit of bitcoin.

How do you determine the cost basis of my rewards?

The cost basis of your rewards is the market price (as provided by Gemini Exchange) of bitcoin at the time Paystand bought bitcoin. The market price is calculated as the lowest sell order for that digital asset on Gemini Exchange’s order book at such time, or as otherwise reasonably calculated.

What are the tax implications of receiving crypto rewards?

In general, the IRS deems credit card rewards as “rebates” rather than “income” which would imply they are non-taxable. There are some scenarios (such as selling crypto for a profit) that may need to be considered for tax implications. This content is for informational purposes only and is not tax or legal advice. Please consult your tax advisor for further guidance.