Key takeaways
- A digital asset payment card is a regular payment card whose balance is funded with supported digital assets.
- Conversion to USD happens automatically at the moment of payment; the merchant receives a normal card payment.
- Behind the brand there is always a regulated card program with issuing and technology partners.
- Access requires digital onboarding and verification; approval is subject to eligibility and compliance review.
The short version
From the merchant's point of view it is an ordinary payment card. From your point of view the difference is where the money comes from: instead of a bank account, the card draws on a balance of supported digital assets in your wallet. At the moment you pay, the exact amount is converted to USD and settled like any other card payment.
Who is involved
- The brand and program partner — SCHWARZMAN — who provides the app, the wallet and customer experience.
- Regulated financial partners who issue the card and process payments through established payment infrastructure.
- The card network, which connects the card to merchants worldwide and sets the exchange rate for payments in other currencies.
- You, the verified customer, who funds the account and controls the card from the app.
What happens when you pay
- You tap or enter your card details at a supported merchant.
- The card program checks the balance and your limits.
- The required amount is converted from your chosen asset to USD.
- The merchant receives a standard card payment; you see the transaction in the app immediately.
- Once settled, eligible payments earn 1% cashback in SHOP Token.
What it costs at SCHWARZMAN
The membership costs $19.99 per month and includes the virtual card, the wallet and full app access. Deposits carry no fee; each card payment carries a 3% fee, in any currency. 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.
Who can get one
SCHWARZMAN is available to eligible customers in supported jurisdictions. Approval is subject to eligibility and compliance review; customers complete a digital onboarding and verification process (KYC requirements apply).
Frequently asked questions
- Is a digital asset payment card a credit card?
- No. You can only spend what you have funded. There is no credit line and no interest.
- Is SCHWARZMAN a bank?
- No. SCHWARZMAN is the brand and program partner. The card program is supported by regulated financial and technology partners and delivered through established payment infrastructure.
- Do I keep my assets until I pay?
- Yes. Your balance stays in your SCHWARZMAN wallet in the asset you deposited. Only the amount of a payment is converted, at the moment of payment.