In Brazil, we offer two types of cards, each with specific taxes:
💳 Local Card (uses BRL balance):
In Brazil: No taxes when using this card. ✅
Abroad: A government tax of 3.5% applies to each transaction, plus the card network’s exchange rate (e.g., Mastercard).
🌐 Global Card (uses USDc balance):
Abroad: Uses your USDc balance purchased with the same 3.5% tax (IOF), but with the best exchange rate on the market (0.12%). Ideal for international travel. ✈️
📈 IOF Tax (Tax on Financial Operations):
3.5%: When converting BRL (reais) to USDc
0.38%: When converting USDc to BRL and vice versa
3.5%: Applied when using the Local Card outside Brazil
In addition to the tax, a commission (spread) is always applied — in DolarApp’s case, it’s 0.12%, the lowest on the market.