Payment card fees explained: what you really pay (and what to watch for)
Membership, deposits, card payments, foreign currencies: a transparent look at how digital asset payment cards charge, and what SCHWARZMAN charges today.
Published Updated 2 min readBy the SCHWARZMAN team
Key takeaways
No card is free — the cost sits either in clearly stated fees or hidden in spreads and mark-ups.
SCHWARZMAN charges a membership of $19.99 per month (virtual card included), no deposit fee and 3% per card payment in any currency.
Third-party costs — blockchain network fees and card-network exchange rates — are set by third parties.
A physical card will follow at a later date with its own fee structure.
Where fees usually hide
Conversion spreads: a worse-than-market rate at checkout.
FX mark-ups on payments in other currencies.
Card issuance or 'delivery' charges that appear after sign-up.
Inactivity or account-maintenance fees.
Deposit fees on top of the network fee.
What SCHWARZMAN charges today
Current terms for the virtual card
Item
Fee
Note
Membership
$19.99 per month
Includes virtual card, wallet and app access; cancel monthly
Deposits
No fee
Blockchain network fees apply
Card payments
3% per payment
Same fee in any currency
Payments in other currencies
3% per payment
Card-network exchange rate applies
Physical card
Not yet available
Will follow later with its own fee structure
Frequently asked questions
Is the SCHWARZMAN card free?
No. The virtual card is included in the membership of $19.99 per month, and each card payment carries a 3% fee in any currency.
Are there fees I pay to third parties?
Yes: blockchain network fees when you deposit and the card-network exchange rate on payments in currencies other than USD. These are set by the respective third party.
When will the physical card be available?
A physical card is planned for a later date. It will have its own fee structure, which will be published before it becomes available.
