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What’s the difference between reloadable and non-reloadable cards?

Reloadable cards are better for ongoing use (and often let you refund unused balance), while non-reloadable cards (cannot be "topped up") are simpler, cheaper, and suited for fixed budgets or short-term uses.

Laso Finance has two types of cards. Each type works differently:

Adding Money (Top-ups):

  • Reloadable cards: You can add more money anytime, with top-up amounts ranging from $5 to $10,000 per top-up. Great for regular use!

  • Non-reloadable cards (also called "no top-ups"): You can only add money once when you create the card. You can spend the money in multiple transactions, but you cannot add more money after the initial load.

Simple Examples:

  • Reloadable example: You put $100 on your card. You spend $50. You can add another $100 later. Your card now has $150.

  • Non-reloadable (no top-ups) example: You put $100 on your card. You spend $30, then $20, then $25. You cannot add more money. Your card only has $25 left until you spend it all.

Limits:

  • Reloadable cards: No maximum balance limit.

  • Non-reloadable (no top-ups) cards: Maximum of $1,000 per card, with a daily limit of 6 cards or $6,000 total.

How Long Cards Last:

  • Reloadable cards: Work for several years. Good for long-term use.

  • Non-reloadable (no top-ups) cards: Work for several months only. Good for short-term purchases.

Getting Money Back:

  • Reloadable and Non-reloadable (no top-ups) cards: You cannot withdraw unused funds back to your crypto wallet. Once funds are loaded onto either card, they can only be used for purchases. For more information, see our refund policy for non-reloadable cards.

Fees (Cost to Use):

  • Reloadable cards: $0 top-up fee when adding funds to your card.

  • Non-reloadable (no top-ups) cards: Cost 3.8% fee when you add money.

Best Use Cases:

  • Reloadable cards: Perfect for regular shopping and in-person purchases. Example: You use it every week for groceries, gas, and other daily needs. Safe to add to Apple Pay or Google Pay on your phone.

  • Non-reloadable (no top-ups) cards: Perfect for specific spending amounts or privacy-focused usage. Example: You want to spend $200 total. You make a $200 card and use it for multiple purchases until the balance is spent.

KYC (Identity Verification):

  • Reloadable cards: Enhanced KYC (identity verification) is required.

  • Non-Reloadable (no top-ups) cards: No KYC or ID upload is required.

Which Should You Choose?

  1. Choose reloadable if you want to use the card many times and add money regularly.

  2. Choose non-reloadable (no top-ups) if you want to maximize privacy by cycling cards frequently or have a specific spending amount in mind.

Check our fee schedule for exact costs of each card type.

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