How to transfer money from wirecard to bank account

Wirecard’s online merchants can now integrate Pay by Bank app as a new payment method
Users of boon, Wirecard’s mobile payment app, will be able to fund their accounts via Pay by Bank app

Aschheim (Munich)/London: Today, Wirecard and Mastercard made Pay by Bank app, a fully digital payment solution, available to all Wirecard merchants in the UK.

Table of Contents Show

General information
Services and costs
Can I transfer money from my Wirecard?
How do I transfer money from a prepaid card to my bank account?
Can I transfer money from my north lane card to my bank account?
What bank is wirecard with?

Pay by Bank app was created by Vocalink, a Mastercard company, and it enables people to make ‘digital debit’ payments for goods and services via their banking app, with payment made directly from their current account. From today, Wirecard online merchants will be able to integrate Pay by Bank app into their checkout pages, offering this new payment method to their customers.

With this, the process becomes quick and seamless, with no need for a separate PIN, password or a card number. Transactions take place in real-time and shoppers can see their account balance before making the payment. Each Pay by Bank app payment is made directly from the bank account and uses secure digital ‘tokens’, meaning you never reveal any financial details. Crucially, verification is handled by the existing, trusted bank app.

Wirecard’s mobile payment app, boon, will be the first digital wallet to use Pay by Bank app as boon users can load funds in real-time and straight from their Pingit banking app – the new version of the app will be made available to consumers soon.

Jon Wood, Chief Commercial Officer, Pay by Bank app at Mastercard, said: “Pay by Bank app is set to shape the future of online and mobile shopping, as more banks and merchants offer this as a payment option to shoppers, and as more UK banks make Pay by Bank app available to millions of customers. We’re pleased that Wirecard becomes the first business to offer this capability at both ends of the spectrum, both as a card issuer and an acquirer. Mastercard remain committed to transforming the payments landscape with this fast, secure and convenient new way to pay. More banks will be offering this to their account holders in 2018, including HSBC.”

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, said: “Wirecard and Pay by Bank app are a convenient match for consumers and merchants wanting to use entirely mobile, digital and secure payment solutions. We’re delighted to be working together with Mastercard to deliver a superior experience to millions of consumers.”

About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

About Wirecard

Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit www.wirecard.com or follow us on twitter @wirecard.

Mastercard media contact

Adam Keal, 020 7557 5182

Wirecard media contact

Jana Tilz, +49 (0) 89 4424 1363

The cost of opening an account: From 550 EUR

The cost of opening an account:

From 550 EUR

General information

Official site

www.wirecardbank.com

History

Wirecard AG is a global financial services company headquartered in Munich, Germany. The company provides payment processing, card issuing and risk management for more than 14,000 corporate clients worldwide. Its Internet payment services competes with PayPal and Western Union. Wirecard Bank AG operates under German banking license and is a principal member of VISA, MasterCard and JCB. Wirecard AG is listed on the Frankfurt Stock Exchange.

Employees

Website does not have an interface in Russian, only in German and English, respectively during registration it is required to enter your real data using Latin letters.

Account

Terms of opening for admission (days):

Opening terms for cancellation (days):

Recommendations:

Не требуется

Description of activity:

Brief

Account type:

Personal, corporate

Types of accounts:

Settlement, deposit

Departure to the bank:

Visiting the bank is not required

Particularities during account opening:

Currently, Wirecard is only available in Europe. Despite the limited access, the service level is high. In other words, Wirecard offers one of the best ways to pay online.

Terms

Transaction speed:

On the same day

Services and costs

Cost of enrollment:

Fee is not charged

Credit card restrictions:

No restrictions

Insurance for credit cards:

No information

Access to the account:

Internet

Bank services:

By registering with the site the user opens an account in the Wirecard Bank, where he can load cash, use card, direct debit, bank transfer or various local payment schemes. The service includes free virtual Prepaid MasterCard for clients, which can be used for payment in millions of locations of trade outlets of MasterCard worldwide. In addition to standard products of MasterCard, Wirecard system also allows users to send money to each other in real-time mode.

Bank cards:

Wirecard operates just as credit or debit card. Functionally, MasterCard and Wirecard have a striking similarity, the only difference is that MasterCard is plastic card, and Wirecard is virtual one, but you can always order a plastic version of the latter.

Can I transfer money from my Wirecard?

Wirecard offers different online bank transfer options on a single platform, which only has to be integrated into your payment page once, a process which is very easy to complete. Transaction costs are extremely low and you will receive immediate payment confirmation in real time.

How do I transfer money from a prepaid card to my bank account?

You can typically transfer money from your prepaid card to your bank account online, by logging in to prepaid card's app or website. If your prepaid card does not allow transfers to bank accounts, you can use a third party service like MoneyGram to make the transfer.

Can I transfer money from my north lane card to my bank account?

ACH. Allow your customers to quickly and securely transfer funds to a bank account via our always-online digital tools. Cardholders have the option to make transfers using standard ACH timeframes or as quickly as same-day — the choice is theirs.

What bank is wirecard with?

It owed €3.2 billion in debt. The company is being dismantled after it sold the assets of its main business unit to Santander Bank for €100 million in November 2020. ... Wirecard..