Bybit vs RedotPay: compare RedotPay’s $10 card fee and spending costs

A virtual card starts with a different fixed cost

RedotPay says its issuance fee comes out of the account balance when the card is issued. Its virtual and physical cards therefore begin with different costs: $10 and $100 respectively. Bybit's management-fee table lists virtual-card issuance without a charge until further notice. Physical-card prices vary across the programs in that table, so the virtual-card comparison does not establish a physical-card price advantage for every reader.

For someone making only occasional online payments, the fixed charge deserves its own line. Assume you buy a $10 virtual card and make $200 of purchases. Issuance alone is equivalent to 5% of that spending: $10 ÷ $200 × 100. Spread the same issuance charge across $2,000 of purchases and its equivalent falls to 0.5%. These are our arithmetic examples, not transaction-fee rates or a minimum spending requirement.

Changing the denominator changes the apparent cost without changing the issuance charge. Compare the card you actually need over the amount you intend to spend. If online payments are the entire task, a physical-card issuance price should not be added to the virtual-card scenario. If cash withdrawals are the task, the physical-card cost belongs in that separate calculation.

Source: RedotPay's card-issuance help article; Bybit's card management-fee table.

Compare the conversion rate beside the fee

Bybit says its crypto-conversion fee applies when a card transaction is funded with non-fiat assets in the Funding Account. Its table lists 0.9% on top of the One-Click Sell exchange rate for programs including Asia Pacific, Australia, Brazil and Mexico. The same table has other regional entries. A reader should identify the applicable program before copying a percentage into a spending estimate.

RedotPay's exchange-rate explanation says it converts cryptocurrency into USD using a weighted average rate from five global cryptocurrency exchanges. Its refund explanation separately describes a transaction charge of around 1% above the merchant price. The word “around” matters: that page explains refund mechanics and does not supply an exact universal quote for every purchase.

A fee difference is only one input. For a hypothetical $1,000 payment with identical underlying conversion values, 0.9% equals $9 and 1% equals $10. The difference is $1. This calculation deliberately assumes equal conversion values and treats 1% as an illustrative approximation; it does not compare executable Bybit and RedotPay quotes.

A change in the underlying exchange value can alter that result. When reviewing an actual payment, keep the merchant amount and currency beside the quantity of crypto deducted. Then identify the conversion rate and separately shown fee. Comparing only two percentages discards the conversion value on which those charges were calculated.

Source: Bybit's transaction-fee table; RedotPay Help Center, How Is the Cryptocurrency Exchange Rate Determined?, July 23, 2026; RedotPay's refund-fee explanation.

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A card-currency payment and a foreign-currency payment need separate estimates

Bybit's fee page distinguishes a foreign-exchange charge from a crypto-conversion charge. It says foreign-exchange fees apply when the payment currency differs from the card denomination. This distinction is why a single global “Bybit card fee” can answer the wrong question.

For your own estimate, write down the card denomination and the merchant's billing currency before adding a foreign-exchange percentage. Funding a card payment with crypto addresses the conversion of the asset used to pay. Paying a merchant in another currency adds a separate currency question. The applicable table row determines whether both categories are relevant.

Bybit illustrates a foreign-exchange calculation with a 250 AED payment, an assumed exchange rate of 3.6725 AED per USD and a 2% fee. In that example, 250 ÷ 3.6725 gives approximately $68.07, and $68.07 × 2% gives about $1.36. The combined amount is $69.43. These are the provider's example inputs; they are not a live AED quote.

Use that example to understand the calculation order, then replace its inputs with the fields for your own card and payment. The two providers' public pages opened for this comparison do not establish a final foreign-currency purchase quote for a particular account. We therefore do not rank them by a claimed universal all-in percentage.

Source: Bybit's card-fee page, foreign-exchange notes and worked example.

Cash withdrawal changes the comparison

RedotPay's ATM help page applies to its physical card. It lists a 2% ATM withdrawal fee for an HKD card. For a USD card it lists 2% up to $10,000 a month and 3% on the amount above that. It separately lists 1.2% for a transaction in another currency and 1% for crypto conversion. These entries belong to the ATM page's stated context; they should not be copied into a claim about every retail purchase.

Bybit's table has regional ATM fees and thresholds. Several USD-denominated rows list 2% after the first $100 monthly. The page's worked example explains how a threshold is used across successive withdrawals: after taking $60, a subsequent $110 withdrawal has $40 within the remaining allowance and $70 subject to the example's 2% charge. That produces $1.4 of withdrawal fees on the second withdrawal.

The remaining allowance is therefore part of the input. A person who has already used it faces a different calculation from someone making the month's first withdrawal. Bybit also says an ATM operator can add its own access fee or offer currency conversion. Those operator terms require a separate check on the machine's screen.

For a cash-use comparison, collect the physical-card issuance charge, the applicable withdrawal percentage and remaining allowance. Add any relevant conversion and operator charges only after establishing their scope. A virtual-card issuance comparison does not answer how much cash you receive from an ATM.

Source: RedotPay Help Center, Can I Withdraw Cash from an ATM, and Are There Any Fees?, July 27, 2026; Bybit's ATM table and examples.

A pending hold is different from a completed charge

Bybit explains that an authorization may temporarily freeze more than the final transaction amount because foreign-exchange padding accommodates changes before the merchant completes the transaction. It says excess funds are returned to the Funding Account's available balance. Its regional table also lists padding separately from the fee entries.

RedotPay describes merchant holds above the eventual purchase amount for hotels, car rentals, restaurants and gas stations. Its explanation says the hold is usually adjusted to actual spending when the transaction is finalized. A higher pending amount can therefore require a status check before it can be described as a final fee.

RedotPay also explains a second source of difference: exchange rates can change between authorization and settlement on foreign-currency payments. Its settlement page says an increased settlement amount is charged as a difference, while a lower settlement amount produces a refund of the difference. Keep the authorization record and settled record together when reconciling a payment.

The practical comparison is the completed deduction for the same merchant amount, with holds identified separately. If you compare a pending hold on one card with a completed transaction on the other, the two records describe different stages.

Source: Bybit's authorization-padding explanation; RedotPay Help Center, Why Is the Charge on My Card Higher Than My Purchase Amount?. RedotPay also explains Why Is My Settlement Amount Different From My Purchase Amount?.

A refund may leave a transaction charge behind

RedotPay says the merchant receives the purchase amount without the original card transaction fee. When that merchant refunds what it received, the returned amount excludes the original transaction charge. This explains why a purchase refund can be smaller than the initial account deduction even when the merchant returns its full purchase price.

As an illustrative calculation, assume a $100 merchant price and a 1% transaction charge. The original deduction is $101. Returning the $100 merchant amount leaves a $1 difference. The example follows RedotPay's explanation using a rounded fee assumption; it is not a promise about a particular refund.

A comparison for purchases you might return should record the merchant price, original account deduction and completed refund separately. Our opened Bybit fee table does not establish a matching universal policy on refunding each fee category. We leave that comparison unresolved instead of treating silence as a refund entitlement.

Source: RedotPay's refund-fee explanation.

Quick answers

Which has the lower initial virtual-card cost?

The opened fee pages list virtual issuance without a charge for Bybit until further notice and $10 for RedotPay. This answers the issuance question; conversion and subsequent transactions need their own calculations.

Does 0.9% versus around 1% settle the spending comparison?

It settles only a comparison of those stated charge categories under matching assumptions. Bybit's underlying sell rate, RedotPay's conversion methodology and any applicable currency charge also affect the completed deduction.

What should I record before choosing?

Write the card program, card denomination and merchant currency on the same comparison record. In the Bybit fee table, select that program’s row before copying a rate. Put the issuance charge on a separate line, then record the conversion rate and transaction charge for the intended payment. For a completed purchase, copy the settled deduction from the transaction record and keep any refund alongside it. The Bybit profile keeps the venue reference available while you identify the correct provider and product.