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How to use MPCVault cards?

Welcome to our platform's card service. With this feature, you can easily allocate funds to multiple users, allowing your team or family to share the account while retaining individual control over card usage. You can use cryptocurrency to pay for various expenses anytime, anywhere.

Getting started​

Before you can issue a card, you need to complete the KYC verification process. Only after passing this review will you be able to access the card page.

Completing KYC verification​

  1. Navigate to the Cards Menu: The org admin navigates to the Cards page and clicks "Get started" to enter the KYC page.

  2. Submit Required Documents: Upload all necessary documents and details as prompted. A fee of $10 USD will be charged for verification processing.

  3. Await Approval: The verification process may take some time. The card feature will be enabled once the review is complete.

Depositing funds​

After passing the KYC verification, you can access the cards menu. At this point, you can start topping up your account balance to prepare for creating virtual cards.

Steps to top up:​

  1. Navigate to the Cards Menu: Select the "Home" page under the cards menu and click the "+ Transfer In" button at the top right corner.

  2. Select Wallet and Network: After the " Transfer In " window pops up, choose the wallet and network you want to use. We support top-ups using USDC on the Ethereum and Polygon networks.

  3. Enter Top-up Amount: A fee of 3 USDC will be charged for each top-up to cover transfer and compliance costs. To ensure funds are successfully added to your card account, please top up more than 3 USDC .

  4. Confirm and Complete Top-up: After verifying the information, click the "Deposit" button to complete the operation.

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tip

It may take a few minutes for the funds to be credited after a top-up.

Creating cards​

Once you have sufficient account balance, you can create new virtual cards as needed. Please follow the steps below:

  1. Navigate to the Cards Menu: Select the "Home" page under the Cards menu and click the "+ New Virtual Card" button.

  2. Fill in Card Information: In the pop-up window for creating a new card, enter the necessary information, including the card nickname and card limit.

  3. Confirm Fees: A fee of 1 USDC will be charged for each new card. Please ensure your account balance is sufficient.

  4. Complete Creation: After filling in the details, click the "Create" button.

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By following the above steps, you can successfully create new virtual cards. There is no limit to the number of cards you can create, allowing you to generate as many as needed.

Using your card​

Once you have your MPCVault Card, you can use it in various ways:

  1. Global Spending and Mobile Wallets: Use your MPCVault Card to spend in any currency at 90 million merchants worldwide. Add it to Apple Pay, Google Pay, or Samsung Pay for convenient in-store purchases.
  2. Online Shopping: Use your MPCVault Card for online transactions on platforms like Amazon, eBay, or other e-commerce websites.
  3. Subscription Services: Pay for digital subscriptions such as Netflix, Spotify, or cloud storage services.
  4. Travel Expenses: Book flights, hotels, or rental cars using your card.
  5. Digital Services: Cover fees for services like ChatGPT, Shopify, or web hosting.

In essence, the MPCVault Card functions similarly to a traditional bank card, offering flexibility and convenience for you.

Deactivating cards​

If a card is no longer needed, the org admin can deactivate it at any time. Please follow the steps below:

  1. Navigate to the Cards Menu: Find the card you want to deactivate in the cards list on the Home page.

  2. Select Deactivation Option: Click the "..." menu on the right side. Choose "Deactivate" from the pop-up options.

  3. Confirm Deactivation: A confirmation prompt will pop up. Confirming this will deactivate the card.

Viewing transaction records​

To better manage and track each transaction, the platform provides comprehensive transaction records. By viewing these records, you can clearly understand account activities, including deposits and expenditures.

Steps to view transaction records:​

  1. Navigate to the Cards Menu: Select the "Transactions" page.

  2. View Records: The page will display all transaction records in a list format, including deposits, expenditures, and other details.

  3. View Details and Add Notes: Click on a single record, and a "Details" pop-up will appear on the right. You can view specific details of the transaction and add notes to it.

Card fees​

Card fees mainly include the following:

  • KYB Fee: $10 USD
  • Virtual card issuance fee: $1 USD per card
  • Crypto deposit processing and gas fee: $3 USD per deposit.
  • International Transactions: A fee of 1.5%–2.0% will be charged, depending on the location of the transaction. No transaction fee applies for USD transactions with U.S. merchants.
  • Transaction Disputes: $35 per case.

If you encounter any issues while using the card, please contact our technical support team.