Pay It Now review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Pay It Now is a prepaid Mastercard for businesses that want crypto and several currencies in one account. It suits firms holding digital assets and paying some suppliers in crypto, with the currency conversion fee of 1.5% the main cost to watch.
Key facts
- Best for
- Businesses holding crypto that want one account for several currencies
- Monthly fee
- NZ$0 (Source, checked September 26, 2026)
- Currency conversion fee
- 1.5% (Source, checked September 26, 2026)
- Card type
- Prepaid (Source, checked September 26, 2026)
- Top-up fee
- 5.00 USDC activation fee, free for a limited time; top-ups pay only the spread (Source, checked September 26, 2026)
- Card network
- Mastercard (Source, checked September 26, 2026)
- Currencies
- 5 (Source, checked September 26, 2026)
- Custody
- Custodial (Source, checked September 26, 2026)
- Legal entity
- Pay It Now NZ LTD (Source, checked September 26, 2026)
- Headquarters
- New Zealand (Source, checked September 26, 2026)
- Founded
- 2021 (Source, checked September 26, 2026)
- Support channels
- Email, Phone, Help-centre (Source, checked September 26, 2026)
- Features
- Multi-currency, Crypto, Virtual card, Custodial
- Audience
- Business
- Official website
- payitnow.io
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInXapp.companiesoffice.govt.nz
Pros and cons
Pros
- The monthly fee of NZD 0 ranks 1 of 419 brands tracked
- Holds 5 currencies with multi-currency, crypto and virtual card features (multi currency, crypto and virtual card)
- Support runs on email, phone and help centre
- Licensed in Australia by AUSTRAC (DCE100820697-002) and registered in New Zealand with the Financial Markets Authority
Cons
- Its currency conversion fee of 1.5% ranks 141 of 259 brands compared, so spending abroad costs more here than on many of them
- Custody is custodial, so the provider holds the balances rather than the account holder
- Travel is not among its listed features (multi currency, crypto and virtual card), and 56% of business cards on the site carry it
Who it suits
- Businesses paying suppliers in several currencies
- Firms that want crypto and fiat balances in the same account
- Teams that want a virtual card alongside the physical Mastercard
Who should look elsewhere
- Skrill, whose monthly fee of €5 makes it the pricier hold for a business that only wants a spending account
- JMMB Moneyline and JMMB Money Transfer prepaid Visa, which also charges JMD 0 monthly, so the deciding factor is whether you want crypto and multi-currency balances
- CrediMax Cardy EX prepaid Visa, also at BHD 0 monthly, for anyone choosing on cost alone rather than on what the account can hold
Where it sits among rivals
On monthly fee, Pay It Now ranks 1 of 419 brands tracked, so the account is as cheap to hold as anything in the comparison. Currency conversion is the weaker side at 141 of 259 on that measure, which places spend abroad near the middle of the market.
How Pay It Now compares
8.7 vs 9.4
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 9.2
8.7 vs 8.8
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 9.0
8.7 vs 8.8
8.7 vs 8.8
8.7 vs 8.7
8.7 vs 9.2
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 8.8
8.7 vs 9.6
8.7 vs 9.2
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 8.9
8.7 vs 8.8
8.7 vs 8.8- 8.7 vs 8.8
- 8.7 vs 8.8
8.7 vs 8.8
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.3
8.7 vs 8.2
8.7 vs 8.0
8.7 vs 8.0
Where Pay It Now is available
- Available
- Australia, New Zealand, Papua New Guinea
- Licence in New Zealand
- New Zealand Financial Services Providers Register (Financial Markets Authority) (1002374), checked September 26, 2026
- Licence in Australia
- AUSTRAC (DCE100820697-002), checked September 26, 2026
- Licence in Australia
- Australian Securities and Investments Commission (ASIC) (AFSL 700057), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Pay It Now charge to hold the account?+
The monthly fee is NZD 0, and that rate ranks 1 of 419 brands tracked on this measure. Nothing else is charged for keeping the account open, so the running cost sits with currency conversion and top-ups instead.
What does it cost to convert currency?+
The currency conversion fee is 1.5%. That places the card at 141 of 259 brands compared on conversion, so holding balances in the currency you need to spend avoids most of the cost.
What do top-ups cost?+
Top-ups pay only the spread, and activation carries a fee in USDC that is free for a limited time. The other running cost is currency conversion at 1.5%, so holding the currency you plan to spend in keeps the spread small.
Which regulators hold the licence?+
The provider is registered on the New Zealand Financial Services Providers Register run by the Financial Markets Authority under 1002374. In Australia it is registered with AUSTRAC under DCE100820697-002 and holds an Australian Securities and Investments Commission licence, AFSL 700057.
Who holds the money in the account?+
Custody is custodial, so the provider holds the balances rather than the account holder. That matters for anyone who wants control of their own keys, and it is the main thing to weigh against the crypto features the account offers.
What can the account actually hold?+
The account supports multi currency, crypto and virtual card. It holds 5 currencies and issues virtual cards, so a business can pay some suppliers in crypto and others in local currency from one balance.
How can I get help?+
Support runs on email, phone and help centre. Email, phone and a help centre cover most questions, and phone support is useful when a payment is held mid-transaction or a card is blocked. Email and the help centre handle routine questions, and the phone line is the faster route for anything urgent.
Is Pay It Now aimed at personal or business use?+
The stated audience is business, and the card is prepaid on the mastercard network. Personal shoppers who want a card linked to a bank balance may prefer one of the alternatives instead.
Where is Pay It Now based and how long has it run?+
The provider is Pay It Now NZ LTD, registered in New Zealand, and it has operated since 2021. Being a New Zealand company with Australian registrations means support and complaints sit with an overseas entity rather than a domestic bank.
Sources
- fsp-app.companiesoffice.govt.nz/orp-fsp-register/viewInst... checked September 26, 2026
Backs: Licences
- payitnow.io checked September 26, 2026
Backs: Audience
“Accept Cryptocurrency payments in your business”
- payitnow.io/faq checked September 26, 2026
Backs: Custody, Features
“You can securely store your assets in your PIN Network account”
- payitnow.io/our-fees checked September 26, 2026
Backs: Currency conversion fee, Top-up fee, Monthly fee
“Pay It Now Web3 Mastercard - Transaction Fee (Spending) 1.5% of the total transaction amount (Charged by the card issuer)”
- payitnow.io/our-story checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Support channels
“Since 2021, we've powered New Zealand's leading blockchain-based digital payment system”
- payitnow.io/pinnetworkapp checked September 26, 2026
Backs: Currencies
“our wallet also supports the New Zealand Dollar (NZD), Australian Dollar (AUD), US Dollar (USD), Singapore Dollar, and Papua New Guinea Kina”
- payitnow.io/web3mastercard checked September 26, 2026
Backs: Card type, Card network
“enjoy the convenience of a reloadable prepaid debit card, powered by Immersve and secured by Mastercard's global network”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Pay It Now
Businesses holding crypto that want one account for several currencies