There are two types of cards in wamo:
physical debit cards
virtual debit cards.
This article will outline the limits around spending and number of cards for each type of debit car.
Physical Debit Cards
Card Spending Limits
The limits below apply to each card separately, not to your overall account. This means you can create multiple cards and benefit from high spend limits on each one.
One-time card transaction limit: 50,000 EUR (for an individual payment)
Daily transaction limit: 50,000 EUR
Monthly card transaction limit: 100,000 EUR
Yearly card transaction limit: 500,000 EUR
Lifetime limit: 500,000 EUR
ATM daily number of transactions limit: 20
ATM one-time withdrawal limit: 500 EUR
ATM daily withdrawal limit: 500 EUR
ATM monthly withdrawal limit: 20,000 EUR
ATM yearly withdrawal limit: 100,000 EUR
The limits for contactless card payments are as per the EU and UK Card Schemes.
ATM Limits
Daily limit for ATM: 500 EUR
Yearly limit for ATM: 100,000 EUR
Number of Cards
Each wamo plan has a different limit on the number of physical debit cards a business can have.
For Start Plan:
Businesses can only create 1 physical debit card for £9.99.
For Grow Plan:
Businesses can create 5 physical debit card for free.
They can produce 5 more cards for £9.99 each. (Max 10 cards per grow account)
For Scale Plan:
Scale Plan users can create unlimited physical cards for free.
Virtual Debit Cards
Card Spending Limits
The limits below apply to each card separately, not to your overall account. This means you can create multiple cards and benefit from high spend limits on each one.
One-time card transaction limit: 50,000 EUR (for an individual payment)
Daily transaction limit: 50,000 EUR
Monthly card transaction limit: 100,000 EUR
Yearly card transaction limit: 250,000 EUR
Lifetime limit: 250,000 EUR
The limits for contactless card payments are as per the EU and UK Card Schemes.
Number of Cards
Each wamo plan has a different limit on the number of virtual debit cards a business can have.
For Start Plan:
Businesses can create 1 virtual debit card for free. The limit per start account is 1 virtual card.
For Grow Plan:
Businesses can create 10 virtual debit card for free.
They can produce more cards for £0.99 each, without a maximum limit.
For Scale Plan:
Scale Plan users can create unlimited virtual cards for free.