Wirecard was launched back in 1999. The company is headquartered in Munich, Germany, but is also rapidly expanding in Europe, Middle East, Africa and Asia. Its main focus is on payment processing, whether it's done online, offline or on mobile. Wirecard also has a ton of subsidiaries, such as Wirecard Bank AG and their communication services, for instance. See the full review next to learn how it works. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.
How It Works?
Over the years, Wirecard has grown into a big corporation with many products and services. However, one of their main products is to do with white label solutions for electronic payments. So as a merchant, you can outsource your whole payment process to Wirecard. The company offers different solutions to cater to even the most demanding customers. Their portfolio consists of the Wirecard Checkout Page, credit card processing and online banking payments, alternative payments, worldwide payments, POS terminals, card management solutions and more.
As a customer, you probably won't notice anything special, other than Wirecard's checkout portal. And if that name doesn't ring a bell then don't worry, because up next we are going to take a look at how trustworthy Wirecard actually is.
First of all, Wirecard is a publicly listed company, meaning it does have responsibility to act in a well-behaved manner in order to satisfy its investors. This also gives some sense of confidence for Wirecard's customers, including merchants and consumers.
Another major part of their security setup is fraud prevention. Their system manages risk and even recognises irregular transactions before they are completed. Furthermore, Wirecard's intelligent filters save merchants as well as customers from "false positives", which are normal transactions that are erroneously categorised as fraud.
When it comes to Wirecard's card payments, there are two things to note: the tokenization and PCI standards. These two combined pretty much guarantee that customer’s data is kept safe and secure at all times.
As a consumer, you probably come in contact with Wirecard if you use Skrill, Neteller, MercadoPago, Yandex or Paysafecard, to name a few. That is, of course, if you use a merchant that outsources its payment process to Wirecard. Using these e-wallets and prepaid cards almost always comes with a cost. Whether it's the regular transaction fees or merchant's own set of fees, consumers are always advised to familiarise with all the terms and conditions before using any financial services.
Wirecard is a multinational company that specializes in outsourcing and white label solutions for payment processing. It’s publicly traded and headquartered in Munich, and is rapidly expanding across the world in all sales channels: online, mobile and POS payment processing.
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Posted by CCJ Team