What is the TWINT payment method?

TWINT is a single-use payment method used in Switzerland . It allows customers to authenticate and approve payments using an approved TWINT mobile app. You get immediate notification on whether the payment succeeded or failed.

Is TWINT only for Switzerland?

You can send money to other TWINT users and make payments to Swiss online shops regardless of your location. Payments with TWINT can only currently be made in CHF and only in businesses and shops within Switzerland .

Does Swissquote have an app?

The mobile version of our Swissquote App delivers all its usual power in a highly intuitive on-the-go experience.

Is TWINT like Paypal?

However, it's the most widely used mobile payment solution in Switzerland, ahead of Apple Pay, Google Pay and Samsung Pay. Considering online payments as a whole, TWINT is in fourth place, far behind credit cards but close behind bank transfers and Paypal .

What is TWINT used for?

TWINT allows users to connect their bank account or cards with the TWINT app to make secure payments .

Do you need a bank account for TWINT?

With UBS TWINT, you always have your digital cash at hand. It is free for everyone. Even those without a UBS account . Simply link your UBS account or any Swiss credit card or prepaid card to the UBS TWINT app – and you will be all set to make convenient and secure payments.

Does TWINT take a fee?

TWINT is generally free of charge for our private customers . You can download the desired TWINT app free of charge from the app stores. What's more, transactions are always free of charge with TWINT, regardless of whether you are making a payment to a merchant or sending money to another TWINT user.

TWINT is as secure as e-banking . The money is not stored directly on the smartphone. All transactions take place in a secure environment.

Why can't i send money on TWINT?

The recipient has blocked you The recipient can block you if they use a TWINT app that isn't UBS TWINT. You cannot transfer money to users who've blocked you. The best course of action is to contact the recipient directly so that they can unblock you. UBS TWINT doesn't allow you to block other users.

Is Swissquote a Swiss bank?

Swissquote Group, a Swiss Bank unlike any other | Swissquote.

Can I trust Swissquote?

Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years. You can rest assured, Swissquote is considered reliable as it has multiple top-tier regulation, including FINMA in Switzerland and FCA in the UK .

Is TWINT safe to use?

Secure transactions TWINT is as secure as e-banking . The money is not stored directly on the smartphone. All transactions take place in a secure environment.

Swissquote Introduces the TWINT App as a Client Payment Solution (2024)

Abstract：Swissquote, a renowned supplier of online financial trading services, stated today that it has introduced its TWINT app as a payment option to help its customers. Clients of the organization will be able to make simple and safe payments through smartphone by using the Swissquote TWINT app.

Swissquote Introduces the TWINT App as a Client Payment Solution (1)

The Swiss firm aspires to be a worldwide bank serving private consumers.

The app will be accessible to all Swissquote eTrading account users.

Swissquote, a renowned supplier of online financial trading services, stated today that it has introduced its TWINT app as a payment option to help its customers. Clients of the organization will be able to make simple and safe payments through smartphone by using the Swissquote TWINT app.

TWINT is one of the most popular payment applications in Switzerland, with over four million active users. According to Swissquote, the app will be accessible to all of the company's eTrading account users. The Swissquote TWINT app will be free to download.

Swissquote Introduces the TWINT App as a Client Payment Solution (2)

“The launch of Swissquote TWINT is the next natural step toward our objective of being the first bank for our customers, including in terms of mobile payment.” And we are delighted to have TWINT as a significant partner, stated Swissquote CEO Marc Bürki.

Swissquote has greatly increased its offerings in recent years. In 2021, the financial services company had record growth, with operational sales reaching CHF 479.6 million, a 49 percent increase over 2020. The firm became a structured product issuer on SIX in January 2022.

TWINT App by Swissquote

Clients having an eTrading account and a smartphone will be able to utilize the newly launched app.

“In order to register, Swissquote customers must first download the Swissquote TWINT app from the App Store or Google Play Store.” They will be directed through the registration procedure immediately after activating the app.

TWINT transactions are free for all eTrading-account users, whether for POS or peer-to-peer transactions, according to the company's release.

About Swissquote

Swissquote Group was created in 1996 in Switzerland and has since become one of the world's most trustworthy and well-known brokers. The firm has a desired Swiss stock market listing (SIX: SQN) and over 330,000 customer accounts across Europe, Asia, the Middle East, and Latin America. Swissquote traders are among the most protected as a renowned heritage broker approved by several tier-1 authorities, including Switzerland's own Financial Market Supervisory Authority (FINMA) and the United Kingdom's Financial Conduct Authority (FCA). They're also among the most successful, and they may take use of comprehensive charting tools, a diverse variety of base currencies on forex, CFDs on stock indices, commodities, and bonds, and much more inside the MT4 or MT5 platforms.

Swissquote Introduces the TWINT App as a Client Payment Solution (3)

Pros

Many platform types, like Autochartist, allow users to take advantage of additional market possibilities.
Swiss accounts benefit from money housed in Swiss Tier 1 bank accounts with an IBAN, allowing for easy international trade.
Accounts with no commissions and spreads starting at 0.0 are the most cost-effective way to trade.
Plugins provide traders with additional capabilities for order types, charting, technical analysis, and indicators.
See Also
What is Forex Trading? - Trade the Day
Excellent educational materials are a boon to newcomers.

Cons

Spreads in Swiss accounts are somewhat greater on average than in EU accounts.
The extensive but sometimes befuddling assortment of offerings may surprise newcomers off guard.
Even on the smallest account type, there are high minimum deposit amounts.

Regulated By

Financial Services Authority of Dubai (United Arab Emirates)
Financial Markets Surveillance Authority (Switzerland)
Financial Services Authority of Malta (Malta)
The Securities and Exchange Commission (Hong Kong)
For EU traders, Financial Conduct Authority (UK)

Swissquote on WikiFX App

Swissquote has a high rating on the WikiFX platform, which basically implies that this broker is legitimate and has all necessary licenses. According to WikiFX database, their traders have consistently reported small concerns with this broker. WikiFX, on the other hand, feels Swissquote was able to handle and fix the difficulties.

Swissquote Introduces the TWINT App as a Client Payment Solution (4)

To know more, visit the Swissquote dealer page on WikiFX.

What exactly is WikiFX？

WikiFX is a forex search engine platform that allows traders or consumers to simply find information about a broker by utilizing a single app. The WikiFX app features over 37,000 brokers and collaborates with 30 financial authorities. As a result, WikiFX can help traders handle any forex trading concerns with their brokers.

Stay tuned for more Swissquote news.

To get the news on the move, download the WikiFX App for free from the App Store or Google Play Store.

Swissquote Introduces the TWINT App as a Client Payment Solution (2024)

FAQs

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