UK-based digital payment platform Wirex has facilitated users to top-up and withdraw from their accounts with the addition of SEPA Instant and Faster Payments.
The launch allows Customers in the UK and EEA to transfer GBP and EUR more easily between their Wirex and bank accounts, augmenting top-ups and withdrawals.
With even more ways to transfer funds in, users can instantly begin buying, holding, exchanging, or selling multiple traditional and cryptocurrencies from within the Wirex app. Alternatively, they can then spend these currencies in everyday life at over 80 million locations globally using the Wirex Mastercard.
SEPA (Single Euro Payments Area) is a popular method for bank transfers and will provide an easy on/off-ramp for UK and EEA Wirex users to move EUR directly between Wirex and their bank account. Every user activating a Euro wallet within the Wirex app can access a unique IBAN and BIC for transferring from their bank account to Wirex, as well as send Euros to compatible bank accounts.
Partnership with Modulr
Wirex’s mission has been to enable everyone to access the benefits of crypto and giving their 5 million customers complete control over managing their funds is an important part of that. Wirex have partnered with digital payment infrastructure provider, Modulr, to introduce popular deposit and withdrawal methods, SEPA and Faster Payments, to their UK and EEA users. In addition to the debit/credit card top-up method already offered, this will give customers more flexibility to choose how they wish to transfer funds in and out of their Wirex account, instantly and at no cost.
Faster Payments allow UK users to instantly send and receive GBP to/from their Wirex and bank accounts. A top-up method rarely offered by competitors, users will get their own unique sort code and account number from Wirex, and can benefit from high transaction limits and zero fees.
More information about Wirex
Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first crypto-enabled payment card that gives users the ability to seamlessly spend crypto and traditional currencies in real life.
With over 5 million customers across 130 countries, the company offers secure accounts that allow customers to easily store, buy, and exchange multiple currencies instantly at live rates on one centralised mobile app. Crypto transfer options are available, as well as the freedom to spend 150+ traditional and cryptocurrencies in more than 80 million locations around the world using the Wirex card.
FAQs
You can choose from a variety of options, including bank transfer, credit/debit card, and cryptocurrency exchange. Please note that the available payment methods may vary depending on the country you reside in and the currency you select.
How long does a Wirex bank transfer take? ›
Your funds will usually be available within your Wirex account immediately. However, in some cases, payments can take up to a few business days to appear.
Can you send money from Wirex? ›
Wirex is a user-friendly and convenient platform that allows you to send and receive money globally.
How do I deposit money into Wirex? ›
Whether you're a seasoned cryptocurrency investor or just getting started, this step-by-step guide will walk you through the process.
- Step 1: Log in to the Wirex App. ...
- Step 2: Choose the currency to top up. ...
- Step 3: Select your linked card or link a new card. ...
- Step 4: Enter the amount.
You can choose to withdraw your entire balance or only a partial amount. If you withdraw only a portion of your funds, the interest earned on the remaining balance will continue to accumulate, but a new minimum daily balance will be taken into consideration.
How do I top up my Wirex local card? ›
Follow these simple steps to add funds to your Wirex account using your card:
- Step 1: Log in to the Wirex app. ...
- Step 2: Choose a currency to top up. ...
- Step 3: Select your linked card or add a new one. ...
- Step 4: Enter the amount. ...
- Step 5: Review the details and confirm payment. ...
- Step 6: Confirm the purchase with 3DS.
Some of the most common reasons include: Payment processing time: The time it takes for a payment to be processed can vary depending on the merchant and the payment method used. Some payments may be processed instantly, while others may take several days.
Is my money safe in Wirex? ›
Fact: Keeping your money safe is one of our key focuses at Wirex, as is accessibility, which is why we use multisig mobile wallets. Combined with the existing safety assurances of the blockchain, our wallets incorporate a range of security measures to ensure the risk of theft is minimised.
How reliable is Wirex? ›
Regulated: Wirex is regulated by FCA, Bank of Lithuania and by the MAS. Customer Support: Users may contact customer support by raising a support ticket. The Customer Support team is extremely responsive. Fiat Money: Users may send, receive, exchange, and spend any one of 9 supported fiat currencies.
Can US citizens use Wirex? ›
We're excited to announce that Wirex has launched in the USA! Americans all across the country will now be able to access easy, secure, and more affordable crypto and fiat currencies in everyday life.
The Wirex card has a dedicated account number and sort code, allowing users to set up direct debits and send payments.
Can I buy and send Bitcoin on Wirex? ›
Buying cryptocurrency with Wirex is easy and can be done using the 'Exchange' feature. This feature allows you to buy and sell supported cryptocurrencies, convert your traditional currencies to crypto or back, and even top up your Wirex cards.
Does Wirex have a wallet? ›
The Wirex Wallet App is a non-custodial wallet, meaning you are solely in control of your Digital Assets.
How do I link my card to Wirex? ›
Step-by-step guide: How to link your local debit or credit card
- Step 1: Log in to your Wirex account. ...
- Step 2: Navigate to the Linked Cards section. ...
- Step 3: Click "Add New Card" ...
- Step 4: Enter your card details. ...
- Step 5: Verify your card. ...
- Step 6: Link your card. ...
- Step 7: Use your card and buy more crypto.
The Wirex Card operates as a debit card, meaning you can spend funds directly from your Wirex account, encompassing both cryptocurrency and traditional fiat currency.
Does Wirex accept debit card? ›
Wirex supports cryptocurrency purchases with various payment methods, including debit and credit cards.
Does Wirex accept PayPal? ›
Wirex accepts bank transfer, credit cards, PayPal, Alipay and more in major currencies such as euros, dollars, pounds, yen, and others.
Is Wirex Visa or Mastercard? ›
Wirex Cryptoback™ is a rewards program offered by the Wirex platform that allows users to earn cryptocurrency for making purchases with their Wirex Visa or Mastercard debit card.
What are the different types of Wirex cards? ›
Virtual and Physical Cards: The Wirex card is available in physical and virtual forms, so users always have a convenient way to spend. Additional Benefits: The Wirex card offers several extra benefits compared to a typical debit card, making it a strong choice for people who want to get the most from their money.
