Tchotcho Pay review

There is no standing charge. The account carries a monthly fee of $0, so keeping it open adds nothing to running costs. Spending the money is where charges appear, through conversion on each conversion and a percentage on some top-up routes.

Conversion runs at 0.5% to 1% on each conversion, across the 2 currencies the account covers and on crypto balances too. Anyone paying suppliers abroad or moving money between the currency side and the crypto side pays this repeatedly rather than once.

A percentage is added when you top up by debit card, and a higher percentage by credit card. ACH bank transfer and wire are free, as is USDC on Base, so funding straight from a bank balance costs nothing even though the card routes are chargeable.

Custody is custodial, so the provider holds the balances rather than the customer holding their own. The terms name Tchotcho Pay LLC, the US entity behind the account, which matters if you need to know exactly whose balance you are spending.

It is a debit card on the visa network, and a virtual card covers online payments. The card is multi-currency and crypto is built in, so one balance can settle invoices that a supplier wants as a bank transfer and others that want a token.

The account covers 2 currencies, a narrow basket beside cards built for long currency lists. That is enough if spending sits between your home currency and a main travel currency, and it keeps 0.5% to 1% conversion as the number to price.

The terms name Tchotcho Pay LLC, a US entity, and the US regulator is the Financial Crimes Enforcement Network (FinCEN). That is a financial crime regulator rather than a deposit protection body, so the balance is not covered by a bank protection scheme in the way a current account balance can be.

Support runs on email and help centre, so questions go by email or through the help centre rather than a phone line. On a card that spends across currencies and crypto, that means resolving a blocked payment in writing, which suits teams that keep a written trail.