WageCan focuses on serving merchants, freelancers, cryptocurrency miners, and international workers. Their main target audience is those who want to buy and sell in bitcoin online without hassle or problems. They want cryptocurrency trading to become as easy as purchasing with a normal debit card, making it the ideal card for anyone who wants to switch over completely to bitcoin spending.
About Wage Can
WageCan has been working in the blockchain based payment industry since 2014 out of Taiwan and Hong Kong. When starting WageCan, their founders wanted to fill the market gap presented by the location-limited nature of cryptocurrency exchanges from existing blockchain payment solutions. They wanted to provide a service that could be accessed without a tedious registration process by anyone around the world.
There are three main founders of WageCan, the first of which is their current CEO, Franky Hu. Hu has been working as a software engineer for several projects over the last decade, including Zoaks which is a design firm for mobile applications. He is the software guru of WageCan, having been a player in the bitcoin industry since 2013.
Rovers Yang is WageCan’s CTO and has over a decade of work experience in software engineering and IT infrastructure development. His experience beyond coding for the financial industry makes it easy for him to adapt to whatever solution WageCan tries to provide. His passion in blockchain technology is reflected in the fact that he himself is a cryptocurrency miner.
Finally, Brya Cheng serves as WageCan’s COO, and is primarily focused on their application development and web development programming.
What Services Does WageCan Provide?
WageCan focuses on offering their services towards cryptocurrency miners who want to receive their funds directly to a bitcoin debit card, international workers who need to access ATMs oversees, and freelancers who are looking for low fees. Whatever blockchain based payment solution you may need.
WageCan’s cards are like every other card, in that they can be used for ATM withdrawals worldwide, for purchase at local shops, and online shopping. If you need to deal in multiple currencies (EUR, GBP, USD, or bitcoin), WageCan lets users order multiple cards that deal in different base currencies, for whatever combination of currencies they need. WageCan emphasises freedom when deciding how to use your cards—a new one for freelancing jobs, or another one for personal usage and another one for work. WageCan supplies both virtual and physical cards.
Any nationality can register with WageCan, which is another surprising difference from other cards. There are no restrictions for residents from certain areas. Depending on your location, the shipping could take anywhere from 1-2 weeks; if you need it sooner, they offer an expedited shipping option.
WageCan allows you to fund your card through several platforms. Cryptocurrencies can be added directly from the blockchain; users can also use the Android or iOS application to load their balance from there or through the site.
WageCan offers two different cards: the Silver Card, which limits ATM withdrawals to three per day at a maximum of 1000 USD per withdrawal, as well as the lifetime limit of 12,000 USD; or the Universe Card which has no lifetime spending or loading limit, and a single withdrawal limit of 2500 USD daily.
WageCan offers bonuses to miners and companies; companies who refer their customers to WageCan can potentially receive daily bonuses through the system.
How Much Does WageCan Cost?
WageCan’s fees depend entirely on your type of card, either the WageCan Silver Card or the WageCan Universe Card.
The Silver Card is the more limited option of the two, with the offered currencies limited to EUR and USD. While offline and online shopping is free of charge with no extra fees, you have to deal with a 1.5% currency exchange rate for international transactions and withdrawals, if your base currency doesn’t match the transaction currency.
Your withdrawals have a fee of 1.5% (or a minimum of 7 USD). It costs 10 USD per transaction every time you transfer your balance to another provider, and users have to pay 2 USD per month for an account management and maintenance fee if the account has not been used for twelve months straight. This means it is easy for users to forget about their cards and be charged fees unknowingly.
The less limited option is the Universe card, which has base currencies of GBP, EUR, and USD. The card will cost you anywhere from 0.05 to 0.08 BTC, depending on the type of shipping you choose. At this price, it is generally much higher compared to its competitors; the virtual card at 0.4 BTC is astronomically priced when compared to the averages in the market. The monthly fee of 1 USD is lower than the Silver Card’s 2 USD per month. You are charged 3.50 USD for every international ATM withdrawal and 2.50 USD for every domestic withdrawal. Surprisingly, the Universe’s currency exchange fee is higher than the Silver’s currency exchange fee, at 3% like most competitors.
How Is WageCan’s User Experience?
WageCan’s website is professionally built, with a single theme kept in mind throughout the design that gives it that smooth aesthetic that defines the best websites out there. While it may be difficult to find the information that you need right away—prices are hidden under certain tabs, and you can only see the limits after you have registered—you are granted discounts as a new user. With WageCan, you can buy your first physical bitcoin debit card for a paltry 0.025 BTC.
Registering on their site requires you to provide your phone number, nationality, date of birth, and name. And if you have any issues with their site, they have a Zendesk ticket help platform that helps them process all enquiries properly.
Conclusion
WageCan’s philosophy is admirable, as it aims to help freelancers and international workers who travel around the world, helping people to uproot themselves financially. While their services are generally good and on par with market standards, their fees can be sometimes much higher than their competitors, especially when it comes to buying their cards. Information is also hard to find on their site, but this can be solved through a few minutes of searching.
Summary:
- Impressive founders who know what they are doing
- Available in the three major currencies: GBP, EUR, and USD
- Very rewarding affiliate program
- Expensive cards and expensive added fees
- Hard to find information
Pros And Cons
- Multiple currencies (EUR,USD,GBP)
- Multiple card options
- Professional company management
- Lots of added fees
- Document verification required
Crypto info 