Choosing to play across online casinos using Wirecard would be the best possible option for all European players looking for fast, safe and convenient online payments. Essentially, it functions just like any credit or debit card. So, why choose Wirecard over other online casino payment methods?
Well, Wirecard…
…has a lot to offer in terms of quality. First and foremost, the company behind it is the Wirecard Bank AG itself. This is a banking company, based in Munich, Germany, that has been offering an excellent banking service to Europeans since 1999. It is, in fact, one of the most well-respected financial institutions in Germany, and Europe, as well.
The company…
…started offering offline services at first, such as POS solutions, credit and debit card processing, but as soon as it acquired the Click2Pay service, it was inspired to launch the Wirecard product, a virtual prepaid card that can deliver to users an exceptional online banking service. Across its eligible countries, this product soon became one of the most used eCommerce payment solutions.
The virtual prepaid card…
…as introduced, functions just like any credit and debit card. It accepts transactions in all globally used currencies, currencies which are also most often used by online casino players. Among them, you will find euro, Australian, Canadian, and US dollars, British pound sterling, Swiss franc and many others. Naturally, currency conversion comes with a small fee of 1.5%, but this is the same fee that applies for both deposits and withdrawals, so in this regard, it is something online players could go with.
European players…
…though, get another perk for choosing to use this virtual card. To provide them with impeccable banking experience, the company allows users to apply for and get a plastic, physical card issued on their request. That’s right. This means that you could get a plastic card which you can use at ATMs to cash out money from it, just like with any debit and credit card. Just like any card, you would get a CVV code, a card number and a PIN to deposit money on it and cash out money from it in whichever way it suits to.
In fact, over 14.000 merchants accept this prepaid card, so you can use it for everyday purchases and payments, as well. There are 24 and a half million merchant service locations that accept it as a payment method, in many countries across the world.
To fund it…
…you can use several payment options. The company has made sure to make this process super-convenient. Therefore, you can top it off with regular debit and credit cards, bank wire transfer, or simple cash deposits. What’s more, you can synchronize your ongoing and incoming transaction records with the virtual prepaid card, and have the funds ready for use both online and offline. Funding your card with cash deposits is only possible if you already hold a plastic card. A minimum of €1 fee or a 4% fee is charged for funding your card with this option, but still, the convenience is unrivalled.
Obtaining a Wirecard
As mentioned, once you get a Wirecard, you can use it as any other cardholder of a credit or debit card. In fact, any online platform that accepts MasterCard as a payment method would probably accept Wirecard, as well. But, to get to this point, you first need to obtain your card.
The process…
…is super easy. You don’t even need to go to your bank to get the card issued. No, all you need to do is go to the official website of the company. Once there, you can go ahead and read all about the card and the company’s policy before you make your decision on whether to get the card or not. After you’ve read everything that might interest you, and decided to get the card, you need to proceed to the registration procedure.
You would need to fill out the registration form, by entering details like name, surname, address, phone number and email address. The beauty with this payment solution is that you don’t need to share any other information about yourself or your bank account, not even your social security number.
After you confirm…
…the registration, you will receive an email containing your Wirecard details. These details would include the card number, which will be a 16-digit number, the expiration date of the card, and the CVV code of the card. As you can notice, it is the same regular information you would get for any other debit and credit card. Since it is based on the same principle as other cards, it should come as no surprise for you to learn that as a user, you can only hold one card at one time, and not more.
As explained…
…to fund your card, you have plenty of options. It is worth mentioning that an existing card or bank account would greatly facilitate the whole funding process and your overall experience with this card, especially if you’re an online casino player wanting to use this payment method as both a deposit and a withdrawal solution since you would be able to cash out your winnings from your virtual card directly to your account.
Using Wirecard Across Online Casinos
Just like with any other payment method you would like to use, you first need to check whether your casino of choice accepts Wirecard. You’d be relieved to learn that this payment solution is available across many online casinos, and in almost all casinos that accept MasterCard. The thing is, as soon as the method became popular and available to so many online merchants, operators saw its potential and recognized the fact that the familiarity would appeal to players, so they started offering it as an available payment method to their players.
Once you’ve done that…
…made sure that the virtual card is available at the casino you joined, you can log in and go straight to the Cashier section. In the Deposit field, look for its logo and click on it, or look for MasterCard’s logo, as an alternative. Just like with MasterCard or any other debit or credit card solution, enter the 16-digit card number, the CVV and the amount of money you’d like to transfer to your online casino account. Confirm the transaction and wait for the money to be on your online casino account. This process takes a few minutes, top.
As soon as you start playing…
…games such as blackjack, slots, roulette, bingo and lotto variants, or you start placing bets on sports or racing, you will probably win some prizes. The prizes you get will be stored on your online casino account. Considering you’ve played through the wagering requirements if required when you claimed a bonus, you should probably be able to cash your winnings out without a problem.
You need to go to the Withdrawal section in the Cashier page this time, and again, choose either Wirecard or MasterCard to request a withdrawal. Enter your name, card number, expiration date, and the CVV code, then enter the amount of funds you wish to cash out from your online casino account and confirm your request. Once your request has been reviewed and approved, the funds will soon be transferred to your Wirecard. And, once on your virtual card, you would need to transfer them to your credit card or bank account, or to your plastic Wirecard if you have one so that you can withdraw them at an ATM.
Pros and Cons of Using It for Online Casino Payments
Sure, there are many similar payment solutions, so you must be wondering, why this card is so special and why choose it over any other? Well, after you read about the benefits you can get with it, you will get the answer you need.
Top security is one of the major perks you get with this payment solution. Wirecard AG is a renowned German bank that has been around for years, which implements multiple security measures. For one, it is compliant to all the rules and requirements the Deutscher Banken e.V employs. The deposit insurance system of the respective authorities may be its strongest suit, but as an added layer of protection, the service uses the latest SSL encryption and implements identity theft precautionary as well as intrusion prevention measures. You are notified via an SMS of your card balance status and of changes, the minute they are made to your card balance.
Familiarity is another benefit online casino players are grateful for when choosing an online casino payment method, and you’re getting it with Wirecard. The fact that it functions just like any other credit and debit card is really useful when playing across online casinos since you’ve been using these your entire life. The fact that this payment solution is associated with MasterCard only further facilitates things for you.
And then, of course, the thing that interests you the most: the processing time. Thanks to the fact that Wirecard is supported by leading brand names in the banking industry, MasterCard being the major one, this payment solution is optimized to process transactions instantly. Just make sure you’re well informed on how it functions and which fields to fill before you make a deposit, and you’ll see that the funds will be on your online casino balance in mere seconds.
The fees that go with it, however, may be a slight setback. Sure, a small fee applies for currency conversion, but for everything else, you should be prepared to be charged with bigger fees. If you’d like to get the plastic card, you would need to pay a yearly maintenance fee of €24.90, as well as an issuance fee. If you lose that card, you’ll again have to pay the same sum of money to get issued with a new one. The issuance of the virtual card service is free, though, but losing your access details would mean paying €10 to get new ones. Fees for funding your card and withdrawing money from it apply, as well. They go from €1 to €10 usually, so this is another downside of this solution.
The restricted countries list is another drawback for this payment solution. The fact that if you’re a US online casino player you cannot use it is a real downside. You can actually use it only if you’re a citizen of a European country.
All Casinos Accepting Wirecard
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FAQs
You’ve probably guessed that, since it charges other fees, Wirecard also charges fees for inactive accounts. In its inactivity policy, it says that accounts that have been inactive for the past 12 months would be charged a monthly fee, attributed to the company’s costs for managing any remaining balance on the account.
Yes. Most cards offer a two-year validity period, and so does Wirecard virtual card. The plastic card, however, can be used for three years after it was issued.
Yes. Just like mentioned, this payment solution functions as any credit and debit card, giving you the chance to send and receive money amongst other Wirecard users at no cost.
Yes. When you request for a virtual card, you won’t be charged a thing, and you’ll get the access details on your email. Should you lose that email, ergo the details, you would need to pay €10 to get new ones.
Not necessarily. Not all online casinos that offer it for deposits also allow withdrawals with it, so before you choose to use it, make sure you read the Terms and Conditions of the casino to double-check that fact.
