Speedcard Banking

Speedcard is a payment operator which core business is e-wallets and Visa cards issued by FBME Card Services Ltd., a subsidiary of FBME Bank that operates in Cyprus. Speedcard isn't widely used and is represented as a payment method only at a handful of casinos. Furthermore, the lack of information about the company and the appearance of its website makes it seem a bit untrustworthy in general.  That in mind, let's take a closer look at its products and services next. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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Speedcard

How It Works?

Speedcard offers various financial services, including Visa and virtual credit cards, as well as e-wallets. Their core business can be compared with PayPal or Skrill, where you have a central e-wallet that can be funded with your personal credit card or via a bank transfer.

Once you have funds on it, you can order a Speedcard Visa card or create a virtual credit card instead. Alternatively, you can purchase using your e-wallet account as well. However that's when your options get a bit more limited due to the lack of merchant sites that accept Speedcard transfers. All of Speedcard's banking options are there to guarantee privacy and safety.

Security

The Visa cards that Speedcard issues are as safe as your local bank's. Just make sure you keep your personal details to yourself.

When it comes to Speedcard's e-wallet solutions, there are two aspects to consider. First of all, all data is encrypted using the banking industry standards. Secondly, Speedcard states that their physical servers are hosted in a fully secure building, protected by CCTV and security guards.

There have been instances where customers are contacted by alleged Speedcard employees and asked for their account information. For that reason, it's best if you only trust messages received through the "Your Accounts" and not your personal e-mail address.

Banking

When it comes to fees, Speedcard is quite a cost-efficient way to do your online shopping. First of all, new accounts are free of charge. The same applies to transfers made from your debit or credit card into your e-wallet, as well as purchases that are made through one of the merchants. However, if you logon to Speedcard directly and fund your account there, a 3.5% fee is added. And if you wonder who will pick up the tab when you buy goods and services directly from an eCommerce site, then it's the merchant.

Summary

Speedcard is a payment processing company that offers physical and virtual Visa credit cards, as well as an e-wallet solution, all of which can be used to shop online cost-efficiently. The company is part of FBME Card Services Ltd, which is based in Cyprus.

Click here to visit Speedcard official website.

Posted by CCJ Team