The Card

The Greenwood Card spends from your account anywhere cards are accepted.

How it works#

The Greenwood Stockback debit card is issued by a licensed card-issuing partner, Wasabi. When you pay using your card, the merchant's authorization is checked against your available balance and your Portfolio Line, and the transaction settles through the card network.

Authorization and final settlement are separate steps, as they are with every card. That means a transaction can be authorized and later adjusted, refunded, or reversed. We show you both stages in the activity feed rather than pretending there is only one.

Card controls#

• Freeze and unfreeze instantly from the app. A frozen card declines everything until you thaw it.
• Reveal details on demand, only after you authenticate with your passkey. Never stored in the app.
• Spending limits. Set a daily limit and a per-transaction limit.
• Live authorizations. Every auth, settlement, and decline appears in the feed in real time.

What the card partner can do#

The issuing partner operates under card network rules and its own regulatory obligations. It can decline transactions, suspend a card, and hold funds relating to a disputed transaction while it is investigated. Disputes and chargebacks run through the network's process and can take weeks.

None of this gives anyone access to your account. It does mean the card, unlike your account, is a service someone else operates. We would rather be precise about which parts of Greenwood are trustless and which are not.

The metal card#

The physical card is machined metal with the Greenwood ring engraving. It follows the virtual card and ships to members by tier and ring order.