Blackcatcard offers an online bank service and an app for managing cards and accounts. Both business and individual clients can use the service. In this article, we will learn more about Blackcatcard and delve into a detailed review.
Table of Contents
What is Blackcatcard?
The European-based Blackcatcard is an international money transfer service established in 2019. It is distributed by Papaya Limited and is authorized as an Electronic Money Institution (EMI) by the Malta Financial Services Authority. It accepts physical and virtual cards at any ATM or Mastercard-compatible payment terminal.
The Blackcatcard platform offers various financial services, aiming to provide broad and straightforward access to financial products for everyone, including those historically excluded by traditional banking systems. Some of the services available on the platform include:
- It provides you with a wide array of free banking services that include a free IBAN account, a Free Mastercard with free delivery worldwide, Free monthly service, Free SEPA payments, and 24/7 live customer support
- Blackcatcard offers a payment gateway based on intra-bank transfers, allowing instantaneous fund transfers to the merchant’s account, thus providing a seamless and efficient payment solution for customers and merchants.
- This platform also offers Cryptocurrency Services, including In-app crypto trading and wallet, and supports popular cryptocurrencies like BTC, ETH, and USDT.
- The platform is committed to improving financial inclusion at a regional and global level by offering services that cater to the needs of individuals and entrepreneurs whom traditional banking systems have historically excluded.
Blackcatcard: Products
Money Transferring Solutions
- With Blackcatcard, you can easily use the Euro and Crypto money transferring options.
- With no limits, you can send and receive money from other IBAN accounts within EEA, the UK, and Switzerland.
- Moreover, you can access Card-to-card payments with no limits, commission, and fast delivery time.
- Contact list transfers using phone numbers for payments, free of charge and with no limits
- Most transfers cost €0, with incoming payments being free and outgoing payments almost free.
Crypto-Euro Fusion for Worldwide Transfers
- There are SEPA transfers among 30+ EEA countries and Switzerland that you get hands-on.
- Crypto transactions and money transfers within Blackcatcard are borderless and can be delivered worldwide.
- It offers conversion of Euro to Crypto and vice versa with the lowest fees on the market.
- All-in-one wallet for securely buying, selling, sending, receiving, and storing digital assets
P2P Crypto Transfers
- You can instantly transfer available cryptocurrencies to other Blackcatcard customers without blockchain commission.
- This platform provides a single service for Euro and Crypto transactions, providing complete money management.
Hot Crypto Wallet
- You can also store your assets in a Personal hot wallet when the account is opened, requiring no additional actions or costs.
Crypto Trading
- A Minimal trade amount of €5 for buying any of 3 cryptocurrencies, with no applied commission.
Crypto Transfers Among Contact List
- Blackcatcard offers a time-efficient way to send crypto, avoiding mistakes while copying and pasting long crypto wallet addresses.
Online banking and payment cards for teenagers
- For teenagers more than 16 years of age, they can have independence and financial freedom without parental control.
- They can get their own IBAN account and a Mastercard prepaid card.
- Use the account to receive your wages or transfers from relatives and friends.
- It allows them to start saving up to 5% on their daily expenses with bonus programs.
- It provides an option that is better than a regular piggy bank. They can save money and multiply it by up to 4% p.a. reward with monthly payouts.
Blogs
You can access the Blackcatblog to get various educational resources and articles.
Blackcatcard: Security
Security is ensured at every stage of the user experience. All operations are clear and easy to perform for anyone with any level of crypto experience.
- Every transaction is safeguarded by the 3D Secure protocol, necessitating a PIN or Biometrics for confirmation, ensuring that no payment can occur without your authorization.
- Real-time tracking of transactions is available through push notifications and transaction history, providing peace of mind.
- Account access requires a 6-digit security code or biometrics (Touch ID / FaceID) exclusively, ensuring that only authorized individuals can access the account.
- Instant card blocking is possible from the app’s main screen or via the desktop, allowing temporary or permanent card blocking in case of loss.
- The integrated crypto wallet in the payment app ensures that crypto assets receive the same level of protection as Euro assets.
- Data protection is ensured by GDPR compliance, with no data transfer to third parties.
Blackjack: Cashback and Bonuses
You are entitled to various bonuses and cashback when you pay as you do with your payment card as follows –
- Get a passive income of up to 4 % p.a., which is calculated for a calculated account balance and is given every month with no maximum requirements. The minimum monthly payout is €0.10
- You can also avail yourself of a 2% cashback on every purchase on Amazon. The minimum monthly payout is €0.10, and the maximum is €50.
- Further, there is a 0.5% cashback on all card purchases. However, ATM withdrawals, card-to-card transfers, and crypto operations are not counted as purchases. The minimum monthly payout is €0.10. The maximum monthly payout is €100
- It profitably encourages digital and mobile experience and offers a 5% cashback at Google Play Market.
Blackcatcard : Fees
| Service | Fee structure |
| Account maintenance | Free(If you have one payment card or an account only)€ 2 per month (If you have additional cards in any quantity) |
| Card issue, use of online and mobile banking | Free |
| Dormancy fee | € 15 per month (starting after 7 months of inactivity) |
| Card payments | Free – For payments in EUR, SEK, CZK, PLN, and RON3% – For payments in other currencies |
| Issue of an additional card | € 7 (Issue of one additional card linked to your account)€ 12 (Issue of an additional card with any nickname other than the initials indicated on your main card) |
Blackcatcard: Mobile App
The Blackcatcard app is available for download on Android devices. The app allows users to track transactions, set separate spending limits, and top up their payment accounts. The Blackcatcard app offers a range of bonus programs to choose from. The app is designed to make shopping more accessible, and users can shop for their favorite products and find the best deal with a single click. The app also offers additional cardholders for partners, spouses, or other family members and cards for kids with a secure way of spending money.
Blackcatcard : Pros and Cons
| Pros | Cons |
| Permanent interest income on your account balance. | This is not a real checking account, but only an E-money account. |
| There is a cashback on all transactions (0.1% on everything, 2% on Amazon, 5% Google Play) | No deposit insurance is offered on your balance |
| You can get an additional card, partner card, or card for children available at any time | A regular 15€ fee if you do not actively use the card. |
| You get a free account with Mastercard for people all over Europe. Card shipping possible worldwide | There is Marketing spam even before you have the card |
Conclusion
The Blackcatcard platform offers compelling financial services, including a free IBAN account, a Mastercard with no signup fees, and the option to earn interest or cashback on card purchases. The platform provides 24/7 customer support and in-app crypto trading and wallet features. However, some users have reported issues with the platform, particularly related to its crypto services and customer support. The platform’s ability to hold only Euros and cryptocurrencies, along with high fees for certain services, has also been highlighted as a drawback. Therefore, while the Blackcatcard platform has advantages, users should carefully consider its limitations before using it.
Does Blackcatcard check your credit score to open an account?
Blackcatcard allows clients to open an account without a credit score check, aiming to improve access to its services.
What documents do I need to open an account?
The platform’s streamlined approach to opening accounts allows universal and straightforward access to its services. Typically, a short form, a selfie, and a scanned photo ID are required for registration.
What are the advantages of Blackcatcard?
The platform offers no signup fees, the option to earn interest or cashback on card purchases, 24/7 customer support, in-app crypto trading, an in-app crypto wallet, a €45 bonus for new customers, and much more.
