Does Etoro Prepaid Cards?- Know More About It

If you are considering patronizing the insurance services company, etoro, and are wondering if they accept prepaid bank cards for their online and app transactions. This article would inform you on what you need to know about etoro accepting prepaid cards, along with every other thing you need to know about etoro. Ready to find out? Let’s get right to it and learn about ‘Does Etoro Prepaid Cards?’.

Does Etoro Prepaid Cards?

Does Etoro Prepaid Cards?

According to the insurance company’s official website, only visas and Mastercard that are issued in the USA are accepted by etoro. Etoro does not accept prepaid cards or other cards like gift credit cards. If you wanted to perform a transaction on eToro’s website or app with a prepaid card, it would not be able to go through, but the good news is that you can make use of a visa or Mastercard that was issued in the USA, this way, your transaction would go through.

Ways to use a debit card to perform a transaction on etoro

For you to be able to carry out a transaction on etoro with a Mastercard or visa debit card, you would have to enter the card details on Etoro’s website. Details like your card pin, name on your debit card, and expiry date would be added on the website, the only card details you would not have to enter on the etoro website is your CVV. After you have put in your card details on the etoro website, your debit card would be verified by etoro, and you would be allowed to proceed with your transaction on the website.

Ways to deposit money on eToro’s website with your debit card

After adding your debit card to the store website, the next thing for you to do is deposit money for transactions on the website. Follow these steps to deposit money on the etoro website:

– Click on the navigation button on the upper left side of the etoro website homepage.

– Enter the amount you want to deposit on the etoro website and click on the button tagged “debit card” to choose a debit card as a preferred deposit option.

– The next thing for you to do is to enter your Mastercard or Visa debit card details. This time, you would have to enter your CVV details on the etoro website. This is because you are about to perform an online transaction, and CVV details are important for performing online transactions.

– After entering your Mastercard or visa debit card details, the next thing for you to do is to click on the button tagged “deposit” and the money would be deposited in your etoro account for you to invest.

The most debit card amount allowed on etoro: Does Etoro Prepaid Cards?

For you to be able to perform a transaction on eToro’s website or mobile app, the minimum amount you can deposit is $10 and the maximum is $40,000 for a single transaction. If you want to perform a transaction that is more than $40,000, you would have to break it up into bits, depending on how much you want to deposit.

Other means to deposit money on etoro, apart from your debit card

If you don’t have a Mastercard or visa debit card with you and want to deposit money in your etoro account, a wire transfer is a viable alternative for you. Follow these steps to deposit money into your etoro account via wire transfer:

-Click on the button for navigation on the top left side of the etoro website homepage.

– Enter the amount you would like to put into your etoro account, and click on the button tagged ” wire transfer” to choose wire transfer as your preferred deposit option.

– choose your preferred bank and press “continue” to view the details of your wire transfer.

-Then go to your bank’s app or website and enter your wire transfer details.

– Enter your username and the reference number. 

-An ABA document would be provided by your bank, take a screenshot of the ABA document and upload it on the store website.

Here are some things for you to note while depositing funds in your etoro account through wire transfer:

– The name of the bank account through which you are performing a wire transfer must match the name on your etoro account.

– Your etoro account might not be credited with cash immediately, but it would be credited within 7 working days.

– The least amount you can deposit via bank wire transfer is $500 and the cost is $1,000,000.

Conclusion

Etoro does not accept prepaid cards as you have been informed earlier in the article, but debit cards like Mastercard and Visa are accepted by etoro. Apart from using a debit card, you can make a money deposit into your etoro account through the methods that were mentioned in this article. So, don’t let anything stop you, deposit money into your etoro account and begin to invest.

Does Etoro Prepaid Cards?- Know More About It

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