The popularity of digital payments has led to virtual cards and prepaid cards gradually becoming popular choices for cross-border consumption and global shopping. Domestic users are familiar with WildCard, which has recently come to a halt due to policy reasons, raising concerns among users and a pressing need for alternatives. In this context, BinPay, a prepaid card operated by a licensed financial institution registered and regulated in Hong Kong, has quickly become a highly regarded alternative due to its stability and global usability. Can BinPay really be an ideal substitute for WildCard? Let's take a look.
The "Suspension" Controversy of WildCard#
In July 2025, WildCard experienced a series of events. From the website being inaccessible on July 12, to resuming on July 14 but limiting top-ups and withdrawals, and then suspending new user registrations and subscription consumption on July 20, the operation of WildCard was almost completely halted. Especially on July 22, the latest update clearly stated the suspension of subscription consumption, top-ups, withdrawals, and refund functions, rendering users' balances nearly unusable and the card's functions virtually non-existent. Although the official repeatedly emphasized that it was "not a scam" and promised to fix the issues, this uncertainty undoubtedly disappointed users who relied on WildCard for overseas subscriptions (such as ChatGPT Plus, OpenAI, Netflix, etc.).
The halt of WildCard is largely related to the strengthening of regulatory oversight on domestic payment channels. In contrast, BinPay, with its international operational background and stable payment system, has become a more reliable choice.
Unique Advantages of BinPay#
BinPay is operated by a licensed financial institution registered in Hong Kong, holding both a US MSB license and a Hong Kong MSO license, ensuring compliance and security. It supports virtual and physical cards from Visa and MasterCard, covering global e-commerce platforms (such as Amazon, eBay) and subscription services (such as ChatGPT Plus, Netflix, Spotify) that accept Visa/MasterCard. More importantly, BinPay supports mobile wallets like Apple Pay and Google Pay, and even Visa cards can be linked to Alipay, greatly facilitating users' daily consumption.
The operation process of BinPay is also very simple. Users only need to purchase USDT or USDC through exchanges (such as OKX, Binance, HTX, Gate), recharge their BinPay account, and then convert it to US dollars for card consumption. This cryptocurrency-based top-up method not only bypasses the strict regulations of domestic payment channels but also effectively reduces currency conversion fees, making it particularly suitable for cross-border consumption and international travel.
Choice Between Virtual and Physical Cards#
BinPay offers two types of virtual cards and one physical card to meet different user needs:
- Premium Virtual Card: Activation fee of $25, top-up fee of 1.3%, withdrawal fee of 0.5%. No monthly fee, no annual fee, no consumption fee, and no gateway fee for single transactions over $50 (a fee of $0.3 applies for amounts under $50).
- Diamond Virtual Card: Activation fee of $50, top-up fee of only 0.7%, no withdrawal fee, also no monthly or annual fees, with the same gateway fee rules as the premium card.
- Physical Card: Activation fee of $98, with a complimentary balance of $1, no shipping fee, card validity of 4 years, and free card replacement upon expiration. Top-up fee of only 1%, and ATM withdrawals are free of charge (some ATMs may charge additional fees).
Whether pursuing a low-cost virtual card or needing a physical card for offline consumption, BinPay provides flexible options. Especially the 4-year validity and free card replacement policy of the physical card are particularly suitable for long-term users.
Why Choose BinPay?#
Compared to the predicament of WildCard, BinPay's international background and compliant operations give it an edge in stability. WildCard relies on domestic payment channels (such as Alipay), making it susceptible to regulatory fluctuations, while BinPay avoids this risk through cryptocurrency top-ups. BinPay's global usability also allows it to perform more flexibly in cross-border e-commerce, subscription services, and international travel.
For users accustomed to WildCard, the operation method of BinPay may require some adjustment, but its USDT purchase tutorial is very detailed. Through OKX, Binance, HTX, or Gate, users can easily purchase USDT and recharge their BinPay accounts, making the entire process straightforward. More importantly, BinPay's app operates smoothly, allowing for seamless transactions from top-ups to consumption, making it suitable for efficiency-seeking users.
Conclusion: Is BinPay a Better Choice?#
The suspension of WildCard's operations has caught many users off guard, but it has also provided an opportunity to seek a more stable and reliable virtual card. BinPay, with its compliant background, low fees, global usability, and flexible card options, has become an ideal substitute for WildCard. Whether subscribing to ChatGPT Plus, recharging OpenAI, or shopping on Amazon or eBay, BinPay can provide a seamless payment experience. If you are troubled by the halt of WildCard, consider trying BinPay; it may become your new partner for cross-border consumption.