How it works
Stablecoins come in, Laso pays the card issuer or payout partner the face value, and the fee plus the issuer's discount is revenue. Fees below are live from Laso.
Money flow
Exhibit 1How money moves through Laso
Stablecoins in, card or fiat payout out; revenue is swept daily to the token treasury.
Source: docs.laso.finance, laso.finance/llms-full.txt, about.laso.finance, onchain deposits@ptimfv
Products and fees
Live from Laso's pricing endpoint. Fees are added on top: the card or recipient gets the full amount.
Fee schedule
laso.finance/get-pricing. Identity column from Laso's agent docs.
| Product | x402 route | Order size | User fee | Identity check |
|---|---|---|---|---|
| U.S. prepaid card | /get-card | 5–1,000 USD | 0% | none |
| International prepaid card | /order-intl-card | 100–1,000 USD | 3.8% | none |
| Gift cards | /order-gift-card | 5–9,000 (product currency) | 4.8% | none |
| Push to debit card | /get-push-to-card | 10–9,541.98 USD/EUR/GBP | 4.8%, min 1.50 | — |
| Venmo / PayPal payout | /send-payment | 5–1,000 USD | 4.9%, min 1.50 | required |
| Bank payment (ACH) | /send-bank-payment | 10–50,000 USD | 0.25%, min 1.50 | required |
| Reloadable card top-up | /fund-card-balance | 5–10,000 USD | 0% | required (reloadable card) |
The user fee is only part of revenue: Laso also earns discounts or interchange share from issuers, which is why a 0% card still earns money.
Unit economics
Laso's own example for a $100 card.
A $100 card
about.laso.finance, Volume and Revenue page
| Amount | ||
|---|---|---|
| User pays | $102.80 | $100 card + 2.8% fee |
| Laso pays the issuer | $98.00 | 2% issuer discount |
| Revenue | $4.80 | 4.8% blended take rate |
| COGS | $0.19 | swap fees, gas, bank transfer fees |
| Gross profit | $4.61 | 96% gross margin |