wirecard info

tech77

Hi.
I'm thinking of setting up a wirecard account.
I've looked at the wirecard site but i'm still a bit uncertain about how it works so hopefully someone will help me out.

Does this sound right:
All you need to do is register on the wirecard site with username and password (is any other info needed?)
Then an account is set up in Germany and you get sent out account details (via email??) such as account number, IBAN etc so you can then transfer money to the account from your own bank account.

BTW what's the cheapest way to transfer money internationally to such an account (internet/phone banking to a nominated account?).

You're then set to use it as a virtual mastercard online?
You can top up anytime unlike 3v?
As long as you have the funds in the account there's no upper limit to transactions (unlike with 3v)?

Also i read that larger amounts deposited to the account are subject to identification.
Can someone explain what this identification involves and what amounts are subject to this?

Any advice much appreciated.
Thanks.

PeteK*

Yeah that is all you do and need. Just go set it up and if there is info you're usure about and want to ask on this site, then just cancel and start again. O_o?

It does all seem odd and like a scam, but it's not. I have an account and have used it.

It's free to send money to an account?

tech77 wrote:

You're then set to use it as a virtual mastercard online?
You can top up anytime unlike 3v?
As long as you have the funds in the account there's no upper limit to transactions (unlike with 3v)?

Yeah you're set to use a Virtual MasterCard.

You can top up any time BUT that does not mean your cash goes into the account right away...

Umm there are limits.. Ruu will reply to this I'm sure.. he knows all about it lol. And can correct me if I am wrong.


I might be wrong on some parts.. but I'm sure I'll be corrected if I am.

tech77

Chatmaster wrote:

Yeah that is all you do and need. Just go set it up and if there is info you're usure about and want to ask on this site, then just cancel and start again. O_o?

It does all seem odd and like a scam, but it's not. I have an account and have used it.

It's free to send money to an account?


Yeah you're set to use a Virtual MasterCard.

You can top up any time BUT that does not mean your cash goes into the account right away...

Umm there are limits.. Ruu will reply to this I'm sure.. he knows all about it lol. And can correct me if I am wrong.


I might be wrong on some parts.. but I'm sure I'll be corrected if I am.

Thanks.
I suppose once it's related to Mastercard in some way that's fair enough.
Should be above board.

You don't need to give your own bank details to set up an account do you?
That's the only thing about i wouldn't like.

And how much money have you been able to draw from it without going thru an identification process- I take it you haven't had to do this.

BTW is there any other alternative to 3v like this anyone knows of that might be worth looking at.

byte

There's a massive thread about this on the Bargain Alerts forum.

If you lodge more than €300 in one go, your money will be frozen until you go through an identity verification process (some German legality afaik). This involves filling and signing a form, and sending it with photographic ID (which in turn must be stamped and verified by a Garda).

tech77

Thanks.
That thread was a great help.
Much appreciated.