Overview
Reap, at a glance.
Reap is a stablecoin payments and card issuer headquartered in Hong Kong, regulated by CNBV, Customs and Excise Department. Business accounts cost $0 a month. Opening an account takes 3–5 days.
Reap says it is not a bank. Balances are stablecoins held in Reap's custody and card collateral, not bank deposits, and no deposit insurance or fiat safeguarding is described. Reap's cards are secured corporate credit cards issued by Reap as a Visa Principal Member.
Why businesses pick Reap
- No monthly fee or minimum balance
- Fund in USDC or USDT on Ethereum, Polygon, Tron, Solana or Hyperliquid
- Secured Visa corporate cards, virtual and physical
- Pay suppliers in 18 currencies over SWIFT and local rails
- Fees shown before every payment; owned by Payward (Kraken's parent)
Watch out for
- No IBAN or local account number in your company's name
- 0.5% on every payment, plus an FX markup that is not published
- Card fees not published
- No list of accepted countries or prohibited industries published
- Hong Kong licence held by a separate remittance company; no licence number shown
Business fit
Will Reap accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Reap's published rules
Needs review
Reap works with Crypto, but does not publish the countries it accepts companies from.
Reap does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Reap publishes about the businesses it takes on.
Who Reap serves
- Crypto
- Financial institutions
- Affiliate marketing
- Travel
- SaaS
Not supported
Industries and countries Reap does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Reap?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USDC, USDT
Hold and receive · 2 currencies
- USDC
- USDT
Pay out · 18 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- CNY
- HKD
- IDR
- INR
- KRW
- MYR
- NZD
- PHP
- SGD
- THB
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Incorporated companies, including offshore companies, trusts and foundations after review
Pricing
What does Reap cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
Free
Business Account
$0 per month
Setup fee not published
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SEPA | 0.5% + $0–5 | Percentage plus a fixed fee; varies by plan |
| Faster Payments (GBP) | 0.5% + $0–5 | Percentage plus a fixed fee; varies by plan |
| SWIFT / international | 0.5% + $25 | Percentage plus a fixed fee |
| ACH / local USD | 0.5% + $0–5 | Percentage plus a fixed fee; varies by plan |
| Local transfer to another bank | 0.5% + $0–5 | Percentage plus a fixed fee; varies by plan · Fixed fee by corridor, shown before you confirm |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published | Markup varies by corridor and is shown before you confirm |
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Monthly card fee | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Register
Sign up with a work email and mobile number and give the countries of incorporation and operation.
- 2
Questionnaire
Choose Business Account and describe the business, its industry and operations.
- 3
KYB
Add owners of 25% or more and directors, and upload the company documents.
- 4
Review
Reap says its review usually takes 1–3 business days; then fund the account and issue cards.
Documents you need
Not published
FAQ
Your questions, answered.
Is Reap a bank?
No. Reap says it is not a bank. Its Mexican company is registered with the CNBV as a currency exchange centre and money transmitter (22512), and Reap says its Hong Kong cross-border payments are made by Reap (Remit) Limited, a money service operator licensed by Hong Kong Customs.
Who owns Reap?
Payward, the company behind Kraken, completed its purchase of Reap Technologies Holdings Limited on 1 July 2026. Reap keeps its own brand and leadership.
Do I get an IBAN with Reap?
No. The Business Account is funded through USDC and USDT deposit addresses or fiat funding; it gives no IBAN or local account number in your company's name. Virtual account numbers are part of Reap's separate Collections API for platforms.
How much does Reap cost?
No monthly fee. Each payment costs 0.5% plus a fixed fee of USD 0 to 5 by local rails or USD 25 by SWIFT, and an FX markup applies when you pay in another currency. Card fees are not published.
Alternatives
How Reap compares.
If Reap is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 ReapThis pageStablecoin payments and card issuer |   | Cross-border paymentsHong Kong |
 AspirePayments platform |   | Free planCorporate cards |
 StatrysMoney service operator | | Hong Kong accountFree account |
 SlashFintech |  | Virtual accountsFree plan |
 MestaMoney services business | | StablecoinsAPI |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.