What happens
Unfortunately for our non-reloadable cards, once it expires, the funds are gone. Nobody at Laso Finance can retrieve expired funds. Even for our own personal cards!
Why?
Our issuers make money on the "breakage" of cards. That's the left over funds on a card at expiration.
For example, a user gets a $100 International (INTL) Non-Reloadable (NR) card from Laso Finance. They spend $96 of it. At expiration, there is $4 remaining.
That entire $4 goes to our card issuer.
It may sound unfair, but this model is what allows us to provide non-reloadable cards to you for very low, or in some cases, no fee at all.
What to do
If your card is getting close to expiration, we recommend spending it on as credits for a service you like to use.
For the Laso team, we generally spend those last few dollars at either:
Since we use both services quite often, we can be confident those funds will be put to good use.
If you have other suggestions to spend leftover funds (especially for non-U.S. users), please let us know in the chat at bottom-right. We will get them added.