Send reveals new Crypto Card
Send just released their card today, and here are my first impressions
The Send Card is a great card with little to no hype perks; However, just a little bit of work on it will go a long way.
Rating: 6/10
This is a card I was excited for, and so when I saw their announcement, I love Wirex in general, and so I signed up quickly. I probably won't be making the switch over.
- The UI is great, and that was what we all expected
- The app works intuitively; the process of grabbing my card was easy.
- Good investment options, + RWA stocks, + CUSD deposit option
- Self-Custody (sort of, you top up the card separately)
- US Bank transfer availability.
- Too much KYC (Mobile number, ID, Proof of address, ugg, Facial scan), then had to do the - KYC again for Bank Transfer?
- Lack of docs detailing the card
- Glitches in topping up to my card
- No cashback
- 2.2% FX fee.
I tested it out tonight; my wife wanted chocolate at 10 pm, so I took a trip to the gas station and bought this Cadbury chocolate for R29.90.
VISA rate is R29.99 = $1.87.
Send Card rate was R29.99 = $1.92 - a 2.2% FX fee added
The app claims a $0.00 fee, which isn't true. Nowhere do I see documents showcasing the card's details and its fees.
That being said... The card is barely a few hours old, so I'll give this another test in the coming weeks.