Custody, rewards and fees by program

  • RedotPayReap
    Custody
    CustodialIts own trust company
    Rewards
    3% on Apple/Google Pay with Pro; referral commissions in USDC
    Charges
    $10 virtual / $100 physical card, 1% conversion, 1.2% FX, Pro $12.90/mo
    Revenue
    About $180M a year per press: 1% conversion, 1.2% FX, card fees, Pro, Earn spread (estimate)
    Costs
    Referral and affiliate commissions (up to 40%), promos, Pro cashback; none published
  • KASTRain
    Custody
    CustodialUsers sell their crypto to KAST
    Rewards
    1.5-3% by tier, in USD, plus points; 6-12% on balances to Jan 2027
    Charges
    $0 / $1,000 / $10,000 a year by tier, 0.5-1.75% FX
    Revenue
    Memberships, FX and small fees, built from its $100M run-rate target (estimate)
    Costs
    Cashback 1.5-3%, points, referral and affiliate bonuses; balance subsidy as a running cost
  • Ether.fi CashRain
    Custody
    Self-custodialVault
    Rewards
    3% up to a monthly band ($2k Core to $50k Pinnacle), 4% VIP; in ETHFI since Sep 2026
    Charges
    $199 Luxe, $999 Pinnacle a year; ~1% FX plus up to 0.5%
    Revenue
    Memberships and card fees $0.65M, FX at 0.5% of spend $4.5M (upper bound)
    Costs
    Cashback $23.4M, cards; net -$18.2M on $909M of spend (Nov 2024 to Sep 2026)
  • KartaRain
    Custody
    Self-custodial
    Rewards
    No spend cashback; $5 plus 0.25% of a referral's spend, in points
    Charges
    1.5% on every payment, $5 virtual card
    Revenue
    1.5% of card spend (estimate)
    Costs
    Referral points: $5 plus 0.25% of the friend's spend
  • Wirex OneWirex
    Custody
    Self-custodial
    Rewards
    0.5-8% in USD, tier set by WPAY held
    Charges
    0% FX, no subscription
    Revenue
    Fee debits onchain, $30k; interchange, Earn and trading fees are offchain
    Costs
    Cashback not onchain, modelled at 0.5-3% of spend: $0.3M to $1.8M (Jun to Sep 2026)
  • Plasma OneRain
    Custody
    Self-custodial
    Rewards
    2-4% by tier, in XPL or in-app credit (Plasma's choice); up to 6% on balances
    Charges
    $199/yr Core (or lock XPL), up to 1% FX
    Revenue
    FX at 1% of spend $710k (upper bound), Core fees $96k
    Costs
    XPL rewards $1.65M, cards; net -$845k (Mar to Sep 2026)
  • KoloRain USDWirex EUR
    Custody
    Not confirmed
    Rewards
    2% in BTC for 30 days, then 1%, capped $100/mo
    Charges
    1% conversion
    Revenue
    1% conversion fee on card spend (estimate)
    Costs
    BTC cashback and a referral share of fees, both modelled
  • TriaRain
    Custody
    Self-custodialA contract per user in Rain's pool
    Rewards
    1.5-6% by tier, in USDT, paid quarterly
    Charges
    $25 / $109 / $250 a year by tier, 1% FX (terms allow up to 3%)
    Revenue
    Card and membership sales $3.2M, FX at 1% of spend $1.6M
    Costs
    Cashback $4.3M, affiliates $1.6M, season rewards $0.3M; net -$1.3M (Jun 2025 to Sep 2026)
  • CocaWirex
    Custody
    Self-custodial
    Rewards
    1-8%, tier set by COCA held; $20 / $10 referral
    Charges
    $5 card, 0% FX
    Revenue
    Fee debits onchain, $12k from late July; interchange goes through Wirex, offchain
    Costs
    Cashback $47k paid from September, $0.3M to $1.0M earned at 1-3% of spend (Mar to Sep 2026)
  • Gnosis PayMonavate
    Custody
    Self-custodialSafe
    Rewards
    ~1% in GNO, ended 30 Sep 2026
    Charges
    No FX markup; consumer card closes 20 Dec 2026
    Revenue
    0.40% of spend, its own reported rate: $0.8M
    Costs
    GNO cashback $3.1M, cards; net -$2.5M on $200M of spend (Dec 2023 to Sep 2026)
  • Ethena PayRain
    Custody
    Self-custodialBalance held in USDe
    Rewards
    4% / 4.5% / 5% in AVAX up to $2.5k / $8k / $20k of monthly spend; 5-6% on balances
    Charges
    No FX markup, ATM $1 + 0.65%
    Revenue
    Yield on balances: AUM x sUSDe APY
    Costs
    AVAX cashback $49k, cards; savings yield (base plus boost) as a running cost
Card terms and fee schedulesUpdated Sep 30, 2026Sumcap Research