You will receive cashback paid in Bitcoin on all your qualifying Xapo card purchases. Spend US Dollars or Bitcoin – Earn Bitcoin. It’s that simple!
How much will I receive?
If the merchant is in the Single Euro Payments Area (SEPA*), you will earn 0.2% cashback on each purchase.
If the merchant is outside SEPA:
1% cashback with a metal card
0.5% cashback with a plastic or virtual card
Cashback is calculated based on the final billing amount in US dollars and then converted to Bitcoin. To receive cashback, the cashback amount must be at least $0.005. We round this up to the nearest cent.
How do I claim my cashback?
You do not need to do anything. We collect your cashback and pay it to your Bitcoin balance automatically on the 5th of each month. You can track your cashback in the "Earning and rewards" section under the Wealth tab in the Xapo Bank app.
Exclusions from cashback
Some transactions do not earn cashback. These include:
Cash equivalents (such as foreign currency, money orders, traveller’s cheques)
Financial services and money transfers (ATM withdrawals, wire transfers, securities, etc.)
Gambling and gaming (betting, casino, lottery tickets, etc.)
Government payments and services (taxes, court costs, fines, postal services)
High-risk or heavily regulated industries (insurance, debt collection, timeshares, political organisations)
A note on refunds
If you return a purchase and receive a refund, we will deduct the cashback you earned from that purchase. The amount may be different due to exchange rate changes. If your cashback balance goes below zero, we may use your USD or Bitcoin balance to cover the negative amount.
If you need help, please contact us via in-app chat or email [email protected]. We are happy to help.
(*) As of 6th March 2025, SEPA consists of:
30 countries of the European Economic Area (EEA) (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland (inc. Åland Islands), France (inc. French Guiana, Guadeloupe, Martinique, Mayotte, Réunion, Saint Barthélemy, Saint Martin), Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal (inc. Azores and Madeira), Romania, Slovakia, Slovenia, Spain (inc. Canary Islands, Ceuta, Melilla), Sweden
10 non-EEA countries, to which the geographical scope has been extended (Albania, Andorra, Moldova, Monaco, Montenegro, North Macedonia, San Marino, Switzerland, United Kingdom (inc. Gibraltar), Vatican City State
Non-EEA Territories (Saint-Pierre-et-Miquelon, Guernsey, Jersey and Isle of Man)
Albania, Moldova, Montenegro and North Macedonia will continue earning higher interchange rates until at least their Operational Readiness Date (ORD) of 5 October 2025
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