Those people often claim the benefits of the Mastercard U Card, frequently talking about the risks of C2C frozen cards to create anxiety, while never informing you about how high its fees and card costs are. If the amount of funds is not more than one million U, there is no need to consider it.
Card opening fee: 188 U, comprehensive handling fee approximately 2%
MayPay Mastercard U Card's main charges include card opening fees and various transaction fees, specifically as follows:
1. Card opening fees
Physical card: 188 U (approximately 1380 RMB)1, or 98 Euros (equivalent to about 100 U)
Virtual card: 5 Euros (about 5.5 U), some channels show that after segmented payment, the total is still 98 Euros
2. Transaction fees
Recharge USDT: 1.8%~2% (minimum deduction of 3 U)
Consumption/Cash withdrawal:
Online consumption, ATM cash withdrawal: 2%
Hong Kong region POS machine swipe: 0 fee (limit up to 5 million HKD)
Non-Hong Kong region POS machine: 2% or fixed 50 HKD per transaction
Transfer to mainland card:
Fixed 50 HKD per transaction (if a single transaction is 20,000 HKD, the comprehensive rate is only 0.25%)
3. Other considerations
Limitations: Daily cash withdrawal/transfer limit of 60,000 HKD
Funds security: Processed through Mastercard and the China UnionPay Foreign Exchange Settlement Center, claiming no frozen card risk
Recommendation: If you frequently use the transfer function, large operations (such as a single transaction of 20,000 HKD) can significantly reduce the handling fee ratio.