All BitexPay cards are issued by BitexBank with an international license (category B), established and managed by
BITEX. GLOBAL COMPANY LIMITED.
By ordering a BitexPay card, each client becomes a participant in the trust fund and, at will, transfers their assets to be managed by the fund.
The fund, based on the value of said assets, acts as a guarantor of the corresponding credit limit (opened by the bank for the cardholder).
Fees associated with that guarantee are 0.01% per year.
When a client spends his credit limit, the fund immediately sells the cardholder's crypto-assets or Fiat assets at an exchange rate defined on EZBITEX (at the time of payment).
After the sale, the client’s available balance is updated accordingly.