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Account Disclosures

Last updated: 27 September 2026

Mandatory disclosureSmashPay Inc. is a financial technology company, not a bank, and is registered with FinCEN as a Money Services Business. In the US, money transmission is provided by our licensed partners. Your USDC is held in your own self-custodial wallet. Only you can authorise transactions from it. Balances are not deposits and are not FDIC-insured. Currency conversion carries a 0.75–1.50% markup; transfer and other fees apply.

SmashPay is not a bank

SmashPay Inc. is a Wyoming corporation with its registered office at 30 N Gould St., Ste R, Sheridan, WY 82801-6317. It is a financial technology company and a FinCEN-registered Money Services Business (registration no. 31000310586834). It is not a bank, does not accept deposits in the legal sense, and is not supervised by a banking regulator. 'Bank', 'banking', 'deposit account', and 'savings account' are not terms that apply to SmashPay accounts.

Balances are not FDIC-insured

SmashPay stablecoin account balances are not insured by the Federal Deposit Insurance Corporation (FDIC) or any equivalent deposit guarantee scheme. They are not bank deposits.

How your USD value is held

Your USDC is held in your own self-custodial wallet. Only you can authorise transactions from it. SmashPay does not hold it, cannot move it, and has no claim over it. It is not part of SmashPay’s assets and would not be available to SmashPay’s creditors. The only assets that leave your wallet are ones you choose to place in SmashPay Earn or move to your SmashX card, and each needs your authorisation.

Conversion costs

Currency conversion carries a markup of 0.75–1.50%, depending on your plan. Transfers carry a separate fee, and other fees including ACH, wire and card fees may apply. The full cost of each transaction is shown before you confirm it.

Regulatory status

SmashPay Inc. is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (registration no. 31000310586834). SmashPay does not hold state money transmitter licences. In the United States, money transmission is provided by our licensed partners, under their own licences.