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How to Make Payments with Binance Brazil Card

How to Make Payments with Binance Brazil Card

2022-10-27 14:22
Note: The Binance Card is no longer available. Binance accounts are unaffected and continue to operate as usual.

1. How does the Binance Brazil Card work?

The Binance Brazil Card supports real-time cryptocurrency to fiat currency conversion, enabling you to spend your crypto assets and BRL with 100 million merchants globally.

2. In which order does the Binance Brazil Card use my cryptocurrency in the Spot/Funding Wallet?

The Binance Brazil Card uses an aggregate value of your selected cryptocurrencies in your Spot/Funding Wallet to make purchases based on the payment priority you set in the Card Dashboard.
Currently, the Binance Brazil Card supports BRL and 13 cryptocurrencies, including BUSD, USDT, BTC, BNB, ETH, SANTOS, ADA, DOT, SOL, SHIB, MATIC, XRP, and LINK.
You can add, remove, or rearrange the order of the spending cryptocurrencies from [Card Dashboard] - [Payment Priority] - [Edit]. The system will follow the payment priority when you purchase with your Binance Brazil Card. Please note that you must have at least 6 cryptocurrencies in your Payment Priority list, and a maximum of 12 cryptocurrencies can be selected.
If the BUSD balance in your Funding Wallet is sufficient, the purchase will be made solely by converting BUSD. If the balance is insufficient, the system will automatically check whether your BUSD and USDT balance can cover the purchase following your payment priority.

3. Will my payment be declined if the balance of my prioritized cryptocurrency is insufficient?

The transaction should go through if the aggregated balance in your Spot/Funding Wallet equals or is greater than the amount the merchant is attempting to charge. Binance will automatically use all available cryptocurrencies in the order you selected or based on the balance left in the Wallets to complete the transaction.
Your Spot Wallet has been automatically enabled as an additional source of funding for making payments. Find out more about using your Spot Wallet as a backup source of funding here.

4. Where can I use my Binance Brazil Card?

You can use your Binance Brazil Card anywhere in the world at any Mastercard merchant.

5. How do I use the Binance Brazil Card to make online transactions?

You can use the Binance Brazil Card to make online transactions by entering your Card details on the payment page when you checkout.

6. When will the funds be returned to my Funding Wallet if a transaction is declined?

If a transaction is declined after the funds were deducted from your Funding Wallet, e.g., due to network issues that are out of Binance’s control, your funds will be returned to your Funding Wallet (in BRL) within 2 hours.

7. Can I pay for products and services in foreign currency?

Your card is denominated in BRL. If you make a purchase or an ATM withdrawal in any other currency, we will convert the amount of the transaction into BRL using the exchange rate set by Mastercard on the day they process the transaction. Please note that this conversion rate may differ from the conversion rate on the actual date of the transaction. You may check the conversion rate for each transaction in the transaction details. Please note that an IOF tax of up to 5.38% will also be levied on overseas transactions.

8. Can I transfer funds to the Binance Brazil Card from third-party platforms?

You cannot top up your Binance Brazil Card from other external platforms. Funds sent directly from third-party platforms will not be credited to your Binance Brazil Card balance and might result in the loss of these funds.

9. How to add my Binance Card to Samsung Wallet?

1. Open Samsung Wallet on your device and go to [Menu]. Tap [Payment Cards] - [+] on the upper right corner.
2. Enter the details of your Binance Card manually, or use your device’s camera to scan your physical card. It will automatically fill your card number and expiration date. Enter the 3-digit security code and your name as shown on the card.
3. Tap [Advance] and wait for the Wallet to validate your Binance Card. Read and agree to the T&C.
4. Follow the instructions to verify your card. Once complete, you can use your Binance Card via Samsung Wallet.

10. How to pay with my Binance Card on Samsung Wallet?

1. Open Samsung Wallet and slide up. Your Binance Card will appear on the screen.
2. Unlock Samsung Wallet with your PIN or biometrics to activate the payment mode.
3. Hold your device next to the POS terminal to pay. You might need to enter your card PIN to authorize the payment.
4. You’ll see a [V] icon once payment is complete.
Note: Please complete payment within 50 seconds.

11. Can I use my Binance Brazil Card on Apple Pay and Google Pay?

Currently, Apple Pay and Google Pay are not supported. However, you can bind your card to the Mercado Pago Wallet, Ame Digital, or 99Pay.