BipTap Card
BipTap · Visa
BipTap Card is the Visa card from BipTap, a Dubai-based platform (founded 2022) that brands itself an "Omnibank" combining traditional banking, offshore accounts, wallets and crypto. It lets users spend fiat and stablecoins (USDT/USDC on Polygon and Solana) on the Visa network through tiered plans: the Lite plan starts free with a virtual-only card and 0.1% cashback, while the Pro/Premium/Business plans (issuance from $300 up) add virtual and physical cards with cashback up to 5%. The wallet is custodial. Note: FX markup and annual fee are not publicly disclosed; the issuance fee varies by plan (Lite is free), and BipTap has no publicly verifiable VASP license, with a team not independently verified.
The clause
That 5% on the banner isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
| Network | Visa |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | Free |
| Annual fee | Free |
| Free ATM limit | $10,000 (stated ATM limit) |
| ATM withdrawal | not declared |
| FX markup | 0% |
| Cashback | 5% · Nessuno |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | MENA, EEA, UK, US · 200+ countries |
| Funding / solidity | BipTap è una piattaforma fintech con sede a Dubai (EAU), fondata nel 2022, che si presenta come "Omnibank" unendo banking, conti offshore, wallet e crypto. Dichiara disponibilità in circa 200 paesi con accesso a milioni di ATM ed esercenti tramite la rete Visa. |
| Estimated net annual cost | €0/year |
| Regulator | Nessun regolatore VASP pubblicamente verificabile (sede Dubai, EAU) |
| Segment | B2C |
| Funding / solidity | BipTap is a Dubai-based (UAE) fintech platform founded in 2022 that brands itself an "Omnibank", combining banking, offshore accounts, wallets and crypto. It claims availability in around 200 countries with access to millions of ATMs and merchants via the Visa network. |
| MiCA / License status | BipTap is based in Dubai (UAE) but has no publicly verifiable VASP license or authorization (e.g. VARA or ADGM); the service is custodial and third-party sources flag an unverified team. |
Plans & pricing
Strengths
- Cashback up to 5% on higher tiers and a free virtual card on the Lite plan
- Global Visa acceptance with direct USDT/USDC loading from Polygon and Solana
- Both virtual and physical cards and broad availability (UAE, EU, UK, US, global markets)
- No notable sovereignty advantage documented.
Weaknesses
- Custodial and no publicly verifiable VASP license (team not independently verified)
- FX markup and annual fee not publicly disclosed; limited fee transparency
- High issuance cost on higher tiers ($300 Pro up to $5,000 Premium/Business)
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (BipTap is based in Dubai (UAE) but has no publicly verifiable VASP license or authorization (e.g. VARA or ADGM); the service is custodial and third-party sources flag an unverified team.): reporting to authorities and freezes on order.
Verdict
Weak protection. BipTap is custodial and Dubai-based with no publicly verifiable VASP license; the team is not independently verified by third-party sources. There is no deposit-guarantee scheme and fee transparency (FX markup, annual fee) is limited. Users entrust funds to a platform whose regulatory status cannot be confirmed.
Minimal sovereignty. Custodial wallet with full KYC: the platform holds the keys and can freeze or block assets. No direct control over funds and total reliance on an operator whose profile is not independently verified. Not advisable for those seeking self-custody or censorship resistance.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used BipTap Card, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
No known incidentSearch across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.
verified on
Public reviews
-
Trustpilot ↗
3.3/5
8 reviews
sample too small for the average
Very small base: 8 total reviews, only 1 in the last 12 months. 7 five-star reviews clustered between Dec 2024 and Jan 2025, 1 one-star review (Jul 2026) about uncredited deposits. Trustpilot flags that the company has not replied to negative reviews.
-
App Store ↗
3.0/5
2 reviews
sample too small for the average
App 'Biptap' by XSWIPE GLOBAL L.L.C-FZ (id 6737520424), released December 2024. Only 2 ratings: sample not meaningful.
FAQ
How much cashback does the BipTap Card offer?
0.1% on the free Lite plan and up to 5% on the Pro, Premium and Business plans. The FX markup is not publicly disclosed.
Is it regulated and custodial?
BipTap is based in Dubai and is custodial (assets are held by the platform). There is no publicly verifiable VASP license, and the team is not independently verified by third-party sources.
Sources
- Official service page Url ufficiale · Cashback · Virtual card · Payment network · +5 Data verified on Jul 10, 2026
- cbinsights.com Azienda · Registered office · Founded Data verified on Jun 22, 2026
- todey.xyz Payment network · Custodial · Cashback · ATM limits · +4 Data verified on Jun 22, 2026