Coinbase and Dwolla currently charge no transaction fees. Both companies reserve the right to create a per transaction fee in the future.
Shift's cardholder agreement allows Shift to charge the fees listed below.
|Plastic Card Issuance Fee:||$20.00|
|Domestic Cash Withdrawal Fee (applies to both ATM and Over The Counter “OTC” withdrawals):||$2.50 (per transaction)|
|International Cash Withdrawal Fee* (applies to both ATM and Over The Counter “OTC” withdrawals):||$3.50 (per transaction)|
|International Transaction Fee*:||3% of total* (per transaction)|
|Card Replacement Fee:||$10.00 (per Card issued)|
In order to spend bitcoin via Coinbase, cardholders must reside in one of the following U.S. states:
AK, AL, AR, AZ, CA, CO, DC, DE, FL, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV
If you're spending from your Dwolla account, there is a daily ATM withdrawal limit of $500.
If you're spending from your Coinbase account, there is a daily ATM withdrawal limit of $200.
Shift does not save or store your Social Security Number, Date of Birth or Home Address to disk.
Passwords and OAuth tokens are stored using bank level AES-256 encryption on our servers. In addition, all traffic goes over SSL to prevent third parties from eavesdropping on your connection. Employee access is heavily restricted and we require background checks on all employees.
To avoid sending Coinbase users a series of emails for a single Shift Card transaction, Coinbase Shift Card purchases do not trigger Coinbase transaction emails at this time. Please enable push, SMS, and/or email notifications from the Shift mobile app to be alerted whenever a purchase is made with your Shift Card.
To prevent fraud, some merchants such as rental car agencies, gas stations and restaurants notify the VISA network to 'hold' a dollar amount that is more than what may be presented on your initial bill. Therefore, your Coinbase or Dwolla account may be temporarily debited for more than you expected. As the final transaction amount is settled over the VISA network (usually within 24 hours), Shift immediately settles up, debiting or crediting your Coinbase or Dwolla account to match your final bill.
- Validates the card against a list of lost/stolen/blocked accounts
- Validates the account against velocity and daily limits
- Validates the cardholder for sufficient funds. If any of the three checks fail, the transaction is declined