Pay It Now review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Pay It Now suits businesses that want a prepaid Mastercard linked to a crypto wallet. The monthly fee is NZD 0, the wallet price NZD 0, and trading fees sit at 0% maker and 0% taker. The trade-off is custodial holding and a 1.5% conversion fee.
Key facts
- Best for
- Businesses wanting a prepaid crypto-backed card with no monthly charge.
- Monthly fee
- NZ$0↗
- Currency conversion fee
- 1.5%↗
- Card type
- Prepaid↗
- Top-up fee
- 5.00 USDC activation fee, free for a limited time; top-ups pay only the spread↗
- Card network
- Mastercard↗
- Currencies
- 5↗
- Custody
- Custodial↗
- Legal entity
- Pay It Now NZ LTD↗
- Headquarters
- New Zealand↗
- Founded
- 2021↗
- Support channels
- Email, Phone, Help-centre↗
- Features
- Multi-currency, Crypto, Virtual card, Custodial
- Audience
- Business
- Official website
- payitnow.io
Crypto exchanges
- Taker fee
- 0%↗
- Coins listed
- 50↗
- Regulators
- Financial Services Provider Register (New Zealand Companies Office), AUSTRAC (Digital Currency Exchange registration), Australian Securities and Investments Commission (AFSL)↗
- Fiat deposit methods
- Card, Bank↗
- Maker fee
- 0%↗
- Withdrawal fee
- 1% un-bridge fee plus network fees on crypto bridge-off; NZ/AU bank currency withdrawal no cost; international bank account USD 4-10 per transaction plus spread↗
- Exchange type
- Cex↗
Crypto wallets
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInXapp.companiesoffice.govt.nz
Pros and cons
Pros
- Monthly fee NZD 0 and wallet price NZD 0 mean running the account costs nothing
- Maker fee 0% and taker fee 0% keep the trading side cheap to run
- Listed on the New Zealand register and with AUSTRAC registration DCE100820697-002 and an ASIC licence AFSL 700057
- Support runs on email, phone and help centre, which covers email, phone and a help centre
Cons
- Conversion fees of 1.5% sit above the prepaid card median of 0.4%
- Custody of custodial means the provider holds the assets, so a self-custody setup would suit some users better
- Covers 50 coins and 5 currencies, narrower than the 50 coin median
Who it suits
- Businesses that take payment in crypto and want a Mastercard to spend from it
- Firms trading between New Zealand and Australian dollars, where bank withdrawals cost nothing
- Traders who want 0% maker and 0% taker fees rather than a wider coin list
Who should look elsewhere
- Anyone wanting to hold their own keys, since custody here is custodial
- People who need a long tail of coins, as the list sits well below the category median
- Anyone outside New Zealand and Australia who needs frequent local currency withdrawals
How Pay It Now compares
8.7 vs 9.4
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 9.4
8.7 vs 8.7
8.7 vs 9.2
8.7 vs 9.4
8.7 vs 8.7
8.7 vs 9.3
8.7 vs 8.9
8.7 vs 8.6
8.7 vs 9.2
8.7 vs 8.4
8.7 vs 8.5
8.7 vs 8.8
8.7 vs 9.0
8.7 vs 8.6
8.7 vs 8.3
8.7 vs 9.5
8.7 vs 9.4
8.7 vs 9.4
8.7 vs 9.3
8.7 vs 9.3
8.7 vs 9.3
8.7 vs 9.3
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 8.8
8.7 vs 8.7
8.7 vs 8.5
8.7 vs 8.4
8.7 vs 8.0- 8.7 vs 8.0
Where Pay It Now is available
- Available
- Australia, New Zealand, Papua New Guinea
- Licence in New Zealand
- New Zealand Financial Services Providers Register (Financial Markets Authority) (1002374), checked September 26, 2026
- Licence in Australia
- AUSTRAC (DCE100820697-002), checked September 26, 2026
- Licence in Australia
- Australian Securities and Investments Commission (ASIC) (AFSL 700057), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold a Pay It Now account?+
The monthly fee is NZD 0 and the mobile wallet carries a price of NZD 0. Trading adds 0% on the maker side and 0% on the taker side. The cost that bites in daily use is the 1.5% currency conversion fee on spending abroad.
Is Pay It Now regulated?+
It appears on the New Zealand Financial Services Providers Register as 1002374. In Australia it holds AUSTRAC digital currency exchange registration DCE100820697-002 and an Australian Securities and Investments Commission licence AFSL 700057, covering the money side on both sides of the Tasman.
How do I add money to the account?+
Fiat deposits run by card or bank transfer, as card and bank shows. The top-up fee is an activation charge that is free for a limited time, and top-ups pay only the spread. The mobile wallet holds the balance between deposits and spending on the go.
Can I move crypto off the platform?+
Bridging crypto off the platform carries an un-bridge fee plus network fees. Withdrawing New Zealand or Australian dollars costs nothing, while an international bank account transfer adds a fixed amount per transaction plus the spread. Custody is custodial, so assets sit with the provider until moved.
Which coins and currencies are supported?+
The wallet supports 50 coins and 5 currencies. The coin count matches the prepaid card median of 50, so the list is typical for the category rather than long tail. The card runs on the mastercard network, so it is accepted wherever Mastercard is taken.
What kind of card do I get?+
The card type is prepaid and the network is mastercard. Multi-currency, crypto and a virtual card all sit in the feature list, with custodial holding behind the balance. The audience is business, so the account is aimed at companies rather than personal users.
How do I get help?+
Support runs on email, phone and help centre, which covers email, phone and a help centre. The business is based in New Zealand and the legal entity is Pay It Now NZ LTD. A phone call is the quickest route for a query, and the help centre handles the rest.
Sources
- fsp-app.companiesoffice.govt.nz/orp-fsp-register/viewInst... checked September 26, 2026
Backs: Regulators, Licences
- payitnow.io checked September 26, 2026
Backs: Audience
“Accept Cryptocurrency payments in your business”
- payitnow.io/faq checked September 26, 2026
Backs: Custody, Exchange type, Features, Fiat deposit methods, Wallet type
“You can securely store your assets in your PIN Network account”
- payitnow.io/our-fees checked September 26, 2026
Backs: Currency conversion fee, Top-up fee, Monthly fee
“Pay It Now Web3 Mastercard - Transaction Fee (Spending) 1.5% of the total transaction amount (Charged by the card issuer)”
- payitnow.io/our-fees checked September 26, 2026
Backs: Maker fee, Taker fee, Withdrawal fee
“Pay It Now does not charge a separate trading fee.”
- payitnow.io/our-story checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Support channels
“Since 2021, we've powered New Zealand's leading blockchain-based digital payment system”
- payitnow.io/pinnetworkapp checked September 26, 2026
Backs: Coins listed, Coins supported, Currencies, Price
“Instantly buy digital currency or choose from 50+ cryptocurrencies using Poli Pay in New Zealand or bank transfer in Australia”
- payitnow.io/web3mastercard checked September 26, 2026
Backs: Card type, Card network
“enjoy the convenience of a reloadable prepaid debit card, powered by Immersve and secured by Mastercard's global network”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Pay It Now
Businesses wanting a prepaid crypto-backed card with no monthly charge.