Can I use Paysafecard to deposit in my eToro account?

Paysafe Group Limited services include, but are not limited to secure transborder payments. The provider’s card can be used for day trading, specifically opening online accounts and making deposits, in addition to applicable trading fees. You can purchase this prepaid card in over 50 countries at hundreds of thousands of points of sale. It’s available in Euro, GBP, and 28 other currencies.  

Types of deposit methods

White eToro doesn’t accept it, it does accept plenty of other deposit methods, such as credit and debit cards. The platform supports MasterCard, Visa, Maestro, and Visa Electron. Instant transfers in USD, GBP, EUR and AUD are possible. It also supports PayPal in the same currencies. Users need an active PayPal account with a card linked to it or funds available on the account balance.

Transfers using Neteller are instant and available in USD, GBP, and EUR. The limit is $10,000 per transfer. It’s much lower than that for credit and debit cards, $40,000.

Bank transfer

Bank transfers take from four days to a week. You can make one in USD, GBP, and EUR. There is no limit here. To avoid delays, it’s important to quote the transaction ID. To do away with unnecessary bank fees, you must transfer funds to the platform in the same currency as your bank account. For example, a bank account in USD will correspond to an eToro account in USD. That way, you won’t be charged currency conversion fees.

Skrill and iDEAL

The platform also accepts Skrill and iDEAL. Transfers using both of these methods are instant. The currencies supported by the former are USD, GBP, and EUR with a limit of $10,000. iDEAL is available only in the Netherlands                with a limit of $50,000. To carry out a transaction, you will need access to online banking. You don’t need to register to make a deposit.

Options for users in Europe

Transfers using Rapid Transfer are only available in the European Economic Area with a limit of $5,500. Like most of the previous choices, USD, EUR, and GBP are supported. To carry out a transaction, you will need access to online banking. You don’t need to register to make a deposit.

Finally, people in the EU can use Trustly. The limit is $40,000. This option doesn’t require any additional registration process, just access to an online banking account.

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