As playing casino games over the Internet continues to gather momentum, it is only natural that casino enthusiasts are always looking for a payment method that allows them to handle their transactions quickly and without stress.
Wirecard is a payment method that might be the perfect fit for casino enthusiasts who want to handle their online transactions conveniently, safely, and swiftly. This banking solution is indeed a cut above many other payment processors that can be used for gambling-related transactions, which shows why it has caught on.
It is a Munich-based company that was founded back in 1999. Obviously, the company was determined to expand its operations internationally, as it entered the New Zealand market as well as the Turkish, Australian, and South African markets.
| Wirecard Summary | |
|---|---|
| Available in | More than 60 countries |
| Website | https://www.wirecard.com/ |
| Connecting bank card/account to Wirecard | N/A |
| Withdrawal balance from Wirecard to your bank card/account | N/A |
| Pay to online merchants | Varies |
| Available for deposit | Yes |
| Available for withdrawal | Yes |
| Usual deposit time in online casino | Instant |
| Usual withdrawal time from online casino | Several working days |
| Live chat | No |
| Telephone support | N/A |
| E-mail support | cards.enquiries@wirecard.com and online form |
The company’s operations are not limited, because along with electronic payment services, it supports physical and virtual cards and offers risk management. The company started offering virtual cards after it acquired Click2Pay in 2003, which helped it expand its user base further.
In 2017, Wirecard was listed on the Frankfurt Stock Exchange. During the next few years, the company was also included in the DAX stock index, a status that lasted until 2020.
However, last year was quite turbulent for the company because it filed for insolvency, a move that came shortly after it had been valued at nearly $15 billion.
Using Wirecard for Gambling Transactions
The main reason why Wirecard is such an appealing option for gambling enthusiasts is that it is a virtual prepaid card, but the way it works is similar to credit and debit cards. This payment method is convenient, and users can choose from several currencies such as USD, CAD, GBP, and SEK, among others.
Players should keep in mind that they may incur a small fee when a currency conversion is required.
Players who have never used Wirecard should remember that they can request a physical card. By doing so, they can carry out transactions just as they would with Mastercard- or Visa-branded debit and credit cards, for example. If they prefer a plastic Wirecard, they will receive a standard Mastercard-branded card.
In any case, Wirecard users will enjoy the same no-fuss payments while betting over the Internet. Avid casino fans can acquire such a card quickly by visiting the official Wirecard website, where they must complete a short registration form. We recommend that prospective users review the information on the company’s website so they can make the best choice.
Wirecard for Gambling Transactions Additional TipsWhen completing the registration form, casino mavens are asked to provide their name, address, phone number, email address, and indicate the card type that best suits their preferences.
As soon as the request is approved, players will receive their card information via email. As with standard credit cards, Wirecard users receive a CVV code, expiration date, and unique 16-digit number, all of which are required to complete their payments.
Depending on the card type selected, gambling enthusiasts might not need to provide personal information to activate their card. This applies only if they do not intend to reload the prepaid card. If they change their mind, casino aficionados can visit the company’s official website and activate the card for future top-ups in no time.
Although the policies Wirecard users must follow are essentially the same as those for ordinary debit or credit cards, they should still read the fine print carefully. Players should remember that they will not be allowed to use multiple cards at the same time.
Once everything is set up, avid casino fans are just one step away from topping up their gaming accounts or using the services of merchants that accept this banking method.
Before topping up their casino account with Wirecard, players need to fund their virtual card. This is neither time-consuming nor complicated, and players can load funds onto the card via bank transfer, credit or debit card, or a cash deposit.
However, if you want to make a cash deposit into your Wirecard, you must have a plastic card.
Players may prefer Wirecard because its cards are designed for people who do not own a credit or debit card, or who have one but do not want to use it for online transactions.
| Wirecard Gambling Transactions | |
|---|---|
| Supported transactions | Deposits and withdrawals |
| Deposit pending time | Instant |
| Withdrawal pending time | Several business days |
| Additional security | CVV code is required |
Advantages and Disadvantages of Using Wirecard as a Casino Payment Method
As it turns out, Wirecard is a company dedicated to providing its customers with up-to-the-minute payment solutions that are relevant not only to their needs and preferences but also to the market.
Yet every banking solution gambling aficionados can use to move funds to a casino or withdraw their winnings has both drawbacks and advantages. For this reason, during the decision-making process, players should consider not only Wirecard’s strengths but also the potential complications.
Let’s focus on the advantages virtual players will enjoy while managing their gambling-related transactions via Wirecard. First, casino fans may appreciate this payment solution because of the speed of its transactions. Once players enter their card details and choose an amount to add to their gaming account, the funds reach the balance within minutes, allowing them to start playing immediately.
The high level of security this banking method offers is further evidence of its suitability for online gambling transactions. Players can be confident that their funds and sensitive information will be adequately protected, as Wirecard employs standardized secure protocols that authenticate online payments.
Additional Advantages and Disadvantages of Using WirecardIn addition, the company takes every measure to ensure that players’ sensitive information and funds are not misused. Players can also choose to receive SMS notifications whenever their card balance changes. Moreover, while offering its services, Wirecard is regulated by BaFin, the German financial supervisory authority.
Virtual players who use Wirecard are unlikely to encounter issues because the steps required to complete transactions are the same as those for debit or credit cards.
One of the foremost concerns of gambling enthusiasts is whether they can use their preferred payment processor when they want to withdraw winnings from an online casino. Wirecard excels in this regard because it can be used for transactions in both directions. This is a major plus, as casino fans will not have to search for another banking method that meets their needs.
Virtual players also choose Wirecard because of its extensive availability. A staggering number of merchants accept payments through these cards, and many online casinos accept them as well.
Although Wirecard performs well in many areas, it still has some shortcomings players should consider. One of the first things players should give thought to is the limited availability of the payment solution. Although it is available in nearly 70 countries, there are still many markets the company does not serve.
Another issue gambling aficionados might encounter while using Wirecard is that some casino operators may not accept it as a cash-out method. While this is not common, there are still online casinos where the method cannot be used for withdrawals, which can be inconvenient.
Fees are another major concern for players managing their funds online. Although Wirecard’s fees are not exorbitant, their mere presence may deter some users.
Even though Wirecard’s fees are relatively affordable, gambling enthusiasts should review them carefully to decide whether the solution fits their needs.
| Wirecard Pros | Wirecard Cons |
|---|---|
| Quick processing times | Available in a limited number of countries |
| Available for top-ins and withdrawals | Not all casinos process withdrawals via Wirecard |
| The associated fees are reasonable | Depending on the card type, players might face charges on every payment |
| Wirecard offers a wide range of services | |
| Users from some countries can make use of downloadable apps |
Fees for Gambling Transactions via Wirecard
One of the main reasons for the payment method’s popularity among gambling enthusiasts is its reasonable cost, especially compared to other processors.
When using Wirecard to add funds or withdraw winnings, gambling aficionados are unlikely to incur extra fees from the casino operator. Of course, exceptions exist, so players should confirm this in advance.
As for the fees Wirecard charges, players should be mindful that the monthly maintenance fee for a prepaid Mastercard is €4.90. Users who lose their card must pay a replacement fee of €10.
Players who withdraw funds from an ATM of another bank will be charged a fee of 2% of the amount.
When making a payment or withdrawal in a currency other than EUR, regardless of whether the country is in the European Economic Area, a commission of 1.5% of the amount applies. It also appears that each transaction through this payment solution incurs a commission of €0.25.
Virtual players who want an extra layer of protection can opt for SMS notifications, which cost €0.35.
| Wirecard Fees | |
|---|---|
| Gambling deposit fee | Free |
| Gambling withdrawal fee | Free |
| Bank account deposit fee | N/A |
| Bank account withdrawal fee | N/A |
| Credit/debit card deposit fee | N/A |
| Credit/debit card withdrawal fee | N/A |
| Maintenance fee | Depends on the card type |
Processing Times with Wirecard
Time efficiency is one of the most important aspects virtual players should consider when betting over the Internet. It is safe to say that Wirecard performs well in this respect, and it deserves credit for its speed.
When using Wirecard to deposit funds, virtual players will not experience delays because the amount appears in their balance almost instantly. This is a major benefit, especially when they are eager to start playing.
As for cashouts, in most cases, players can transfer their winnings from their casino balance to their Wirecard without issue. Such withdrawals typically take three to four days to complete, though this period may vary.
As mentioned earlier, some operators offer Wirecard only as a deposit option, which forces players to choose another processor for withdrawals. They should also remember that identity verification takes time and can prolong the cashout process.
Of course, casino enthusiasts who want to use Wirecard online must first request a plastic card or register online. Once this is done, gambling enthusiasts are all set to proceed with their payments.
| Wirecard Processing times | |
|---|---|
| Gambling deposit time | Instant |
| Gambling withdrawal time | Varies |
| Bank account deposit time | N/A |
| Bank account withdrawal time | N/A |
| Credit/debit card deposit time | N/A |
| Credit/debit card withdrawal time | N/A |
Mobile Payments via Wirecard
Wirecard is certainly no stranger to mobile payments, as the company rolled out dedicated apps for contactless payments back in 2015. The dedicated apps are designed for iOS or Android devices and are available for free.
It should be pointed out, however, that the dedicated apps are not available worldwide. Owners of Android-powered devices can make use of the app only if they live in Ireland, Spain, Belgium, the Netherlands, Austria, or Germany. Players can download and install the iOS app if they live in Italy, Spain, Great Britain, Switzerland, or Germany.
Gambling enthusiasts can use the apps to execute peer-to-peer, online, and contactless payments. In addition to this, they can use the apps to send money to their friends and family, and even create virtual eGifts.
While using the apps, players need not worry about safety, as recipients cannot view any sensitive information.
Casino enthusiasts can manage payments on the go even without installing the apps on their handheld device. Once they navigate to the cashier of the mobile casino where they hold an account, they will be prompted to enter their prepaid card details and authorize the transaction. This way, casino fans still enjoy secure, prompt, and stress-free payments anytime, anywhere.
| Wirecard Mobile Payments | |
|---|---|
| Apple pay | Yes |
| Google pay | Yes |
Security at Online Casinos
Wirecard might work perfectly for gambling enthusiasts who are not inclined to use their credit or debit card during their gambling adventures over the Internet. It is also preferred by players who are reluctant to reveal too much personal information.
The processor must follow strict compliance and data-security guidelines, as it is part of Wirecard Bank AG, which places it under rigorous oversight. Another thing users of the payment processor should be aware of is that Wirecard is compliant with the PCI standards. This means the company protects all information players must provide when registering their cardholder data.
Gambling enthusiasts can verify the certificate by visiting the company’s official website.
As mentioned, players who want extra peace of mind can enable SMS notifications whenever a transaction is executed.
To ensure their funds and sensitive information are safe, gambling aficionados should register and play at properly regulated online casinos that accept Wirecard.
| Wirecard Security | |
|---|---|
| Passcode | No |
| Fingerprint | Yes |
| FaceID | Yes |
| Two-factor authentication | Yes |
| Trusted devices | No |
| IP Restrictions | No |