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shakepay review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Shakepay suits Canadian crypto users who want a prepaid balance for everyday spending, with cashback of 1.5% on card spend. The custodial setup and support limited to chat and help centre are the trade-off, and every payment is limited to the balance loaded on the card.

Key facts

Best for
A prepaid card with a monthly fee of CAD 0 and cashback for crypto users.
Monthly fee
CA$0 (Source, checked September 26, 2026)
Card type
Prepaid (Source, checked September 26, 2026)
Cashback rate
1.5% (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Custody
Custodial (Source, checked September 26, 2026)
Legal entity
Shakepay Inc. (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Founded
2015 (Source, checked September 26, 2026)
Support channels
Chat, Help-centre (Source, checked September 26, 2026)
Features
Crypto, Virtual card, Custodial, Travel
Official website
shakepay.com

Apps and profiles

Elsewhere
Xdiscord.gg

Pros and cons

Pros

  • A monthly fee of CAD 0 keeps the cost of holding the card low.
  • Cashback of 1.5% on card spending, paid as cash rather than points or miles.
  • Crypto, a virtual card and travel use all run on the same prepaid balance.

Cons

  • Support runs on chat and help centre only, so a card blocked abroad leans on chat response times.
  • A custodial model means the provider holds the balance, so the money carries counterparty risk.

Ready to try shakepay?

Scored 8.9 / 10 by DebitCue.

See alternatives

Who it suits

  • People in Canada who want everyday spending and crypto on the same balance.
  • Travellers who want travel use listed on the same card as crypto.

Who should look elsewhere

  • Skrill, which charges €5 a month against CAD 0 here.
  • JMMB Moneyline and JMMB Money Transfer prepaid card, where money transfer is the aim and the monthly fee is JMD 0.
  • CrediMax Cardy EX prepaid Visa, a prepaid Visa with a monthly fee of BHD 0.

Deposit protection

Shakepay runs a custodial setup, so the balance that funds the card is held by the provider rather than by you. That keeps the card simple to use, and it puts the provider on the other side of every transaction. Shakepay Inc. is registered with FINTRAC and is a member of CIRO, the Canadian regulators named for the business.

The company behind it

The card comes from Shakepay Inc., a company based in Canada and founded in 2015. A Canadian base means the card serves a single national market, and support runs on chat and help centre, so help arrives as help centre articles or a live chat rather than a scheduled call.

How shakepay compares

Where shakepay is available

Available
Canada
Licence in Canada
FINTRAC, checked September 26, 2026
Licence in Canada
CIRO, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Shakepay card cost to hold each month?+

The monthly fee is CAD 0, and Shakepay sits at 1 of 419 brands on that measure. The card is prepaid and pays cashback of 1.5% on card spending, which is the main saving in daily use.

Is the money held on the card protected?+

Shakepay runs a custodial model, so the provider holds the balance that funds the card rather than you holding it yourself. Shakepay Inc. is registered with FINTRAC and is a member of CIRO, the Canadian regulators named for the business.

What kind of card is it, and which network does it use?+

The card is prepaid and runs on the visa network. Crypto, a virtual card and travel use all sit on the same balance, listed under crypto, virtual card and custodial. Because the card is prepaid, spending follows the loaded balance rather than a credit line.

How do I get help when the card stops working abroad?+

Support runs on chat and help centre, so a help centre article covers routine questions and chat handles the rest. A card blocked at a foreign till is the case that needs the live chat, where the account history is already in view.

Who runs the card, and where is the company based?+

The card comes from Shakepay Inc., a company based in Canada that was founded in 2015. Crypto sits among its crypto, virtual card and custodial features, so the card belongs to a crypto platform rather than a bank, and the service is aimed at the Canadian market.

Does everyday card spending earn a reward?+

Card spending earns cashback of 1.5%, paid as cash rather than points or miles. Cashback is the most common reward type among prepaid cards here at 64%, which is the reason to reach for this card in everyday use.

Sources

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.

shakepay

A prepaid card with a monthly fee of CAD 0 and cashback for crypto users.

8.9/10See alternatives