Sports betting is a popular pastime for millions of Italians. Sports betting in the country became legalized and regulated in 2006. Sports enthusiasts from Italy can currently choose from a plethora of betting sites. Bettors who want to wager real cash must first fund their sportsbooks. Postepay is a dependable payment option that Italian gamblers can use. It allows Italians to safely and conveniently transact business online and in person.
Poste Italiane, Italy’s national postal service, is the provider of Postepay. Therefore, Postepay is unquestionably a reliable method of payment. The parent corporation was founded in 1862, and it is now Italy’s primary postal service provider. Poste Italiane was first publicly traded on the Milan Stock Exchange in 2015.
You may have guessed that Postepay is an Italian payment system designed specifically for Italians. This method of payment has drawn the interest of thousands of Italians due to its many benefits. Postepay, Italy’s second most popular payment option in 2019, is gaining popularity. On average, over a million people utilized it every month, according to the statistics.
How Postepay Functions?
Postepay is a reloadable Visa and Mastercard prepaid debit card. What makes this payment option stand out from the rest is that customers do not need a bank account to get a Postepay card. That’s because the Italian government gave Poste Italiane permission to handle card transactions. A digital version of the physical Postepay card is also on the market.
To a large extent, Postepay functions similarly to other debit and credit cards. The Postepay card must be used at a physical point-of-sale terminal if it is to be used in a store. The cashier will key in the total amount of the purchase, and that amount will be debited from your account immediately. Online purchases can also be made with a Postepay card by entering the card number. The majority of businesses that acknowledge Visa and Mastercard also accept Postepay.
Postepay cards come in a variety of styles to accommodate customers’ varying needs and tastes. The Postepay NewGift card (in all its incarnations), My Postepay, e-Postepay, Postepay Twin, and Postepay EnelMia were all discontinued in 2018. Postepay Standard, Postepay Evolution, and Postepay Evolution Business are now the most popular Postepay card types. It’s important to remember that you can only have a maximum of three Postepay cards at a time.
1. Postepay Standard
Most people use the Postepay Standard card. Online and in-store purchases are both possible with this method of payment. The universal acceptance of this currency also extends to post offices. It costs €10 to get a Standard Postepay card. Take note that there is a maximum balance of €3,000 that can be kept on Postepay Standard cards. Additionally, the daily limit for withdrawals from ATMs is €250. Postepay Standard cards can be renewed up to two months before and up to eighteen months after their expiration date.
2. Postepay Evolution
Postepay Evolution customers get free access to all Postamat ATMs. It’s also compatible with Apple Pay and Google Pay, so you can use your mobile device to make contactless and online purchases.
To get your hands on one of these Postepay cards, you’ll need to fork up €5. In addition, you must immediately add €15 to your card’s balance. This card has a limit of EUR $30,000. Withdrawals of up to €600 per day are possible with the card. Maximum withdrawal per month is €2,500. There is a €3,500 daily cap on cashouts.
3. Postepay Evolution Business
Postepay Evolution Business cards are available to workers who have VAT numbers, independent contractors, and single proprietors. You can use it to shop everywhere Visa is accepted, even online. If a cardholder links their Postepay Evolution Business to a physical Tandem POS or Postepay Code Service, they will be able to accept payments in the form of bank transfers.
This Postepay card costs just €10, and it can store as much as €200,000. There is a €600 daily withdrawal cap at the bank and Postamat ATMs. Up to €2,500 can be withdrawn each month by cardholders. Be aware that there is a €36 annual fee. Postepay Evolution Business cards have daily and monthly spending limits of €3,500 and €10,000 respectively.
4. Postepay Mobile App
Postepay offers a mobile app that works on both Android and iOS smartphones, satisfying the interests of its clients. The Postepay app is available on the Google Play store for Android users. You can download Postepay from the App Store if you have an iOS-based smartphone. The Postepay mobile app makes it simple for customers to control their Postepay and PosteMobile prepaid cards.
Postepay Digital Card, which can be used for online payments, may be requested from within the app. In participating merchants, the Postepay app enables contactless mobile payments using a smartphone. A Postepay Evolution Card allows you to send and receive money internationally. In addition, you can pay for things online using your fingerprint, FaceID, or PosteID.
Opening a Postepay Account
A Postepay Card can be obtained easily. A Postepay Card can be obtained at any U.S. Postal Service branch. You will also need to produce identification (driver’s license or passport) and provide your Italian tax code. There is a cost associated with using a Postepay card, the exact amount of which depends on the card type you use.
Postepay’s website is accessible from any desktop computer, so there’s no need to leave the house to use it. Open an individual or corporate account by clicking the Sign In button. After that, a registration form needs to be filled out. Your entire name, tax ID number, email address, and physical address will be required.
No matter if you apply for a Postepay card online or in person at a post office, you can expect to get your card in the mail within two to three business days. The Postepay card can only be used once it has been activated online. You’ll need to provide them with the card’s number, expiration date, and security code for that. Additionally, you’ll have to show some form of identification.
Funding Your Postepay Card
The next step after getting a Postepay card is loading money onto it. You will not be limited in your choices, fortunately. The local post office is the place to go if you want to load money by depositing cash. You can add funds to your Postepay card using either another Postepay card or a BancoPosta card. Postamat automated teller machines can also be used to add funds.
You can link your PayPal account to your Postepay card. With this, you may easily move money between your PayPal and Postepay accounts. Your next step will be to click the Link a Card button inside of your PayPal account. A drop-down menu featuring both Mastercard and Visa options is at your disposal. The following information is required: card number, expiration date, security code (3-digit number on the back of card), and billing address. Finally, hit the “Confirm Card” button. Please note that PayPal’s processing fee is €1.50.
You can also load money onto your Postepay card with a credit or debit card from Visa or Mastercard. You can top off your Postepay card at any of the many cigarette stores or SISAL kiosks spread around the country. Postepay lets its customers load their prepaid cards from the comfort of their own homes by dialing into a toll-free customer service line. It is possible to add funds to your Postepay card via the website or mobile app.
Depositing to Your Sportsbook Balance
Sporting events in Italy can be purchased using Postepay, a convenient online payment service. To fund your sports betting account with Postepay, you must utilize an online sportsbook that accepts Postepay.
After signing up for a Postepay betting site, head to the cashier and hit the Deposit button to fund your account. If you’d like to deposit a certain amount, go ahead and select Postepay as your chosen payment option. Try selecting Visa or Mastercard if Postepay is not listed as a payment option.
You’ll need to enter your Postepay card number, expiration date, and CVV code on the Postepay website after clicking here (the three-digit code on the back of your card). After you verify the transaction, the funds will instantly be deposited into your sportsbook account. The standard minimum Postepay deposit at online sportsbooks is €10.
Withdrawing from Your Sportsbook Balance
Postepay WithdrawPunters can withdraw their sports betting earnings to their Postepay cards. Making a withdrawal with Postepay is simple and only takes a few minutes. The online sportsbook has a cashier section that may be accessed by logging into your account. After that, choose Postepay as your withdrawal option by clicking the Withdraw button.
If Postepay isn’t an option, choose Visa or Mastercard and enter your card information there. Since Postepay is not an option for withdrawals on this betting platform, players who have won money must instead use Direct Bank Transfer.
Remember that the maximum balance that can be stored on each Postepay card type varies. For instance, the maximum balance that may be loaded onto a Postepay Standard card is €3,000. For significant purchases, the Postepay Evolution Business card is your best bet.
Withdrawals made with Postepay typically take between 2 and 5 business days to process. Furthermore, remember that all online sportsbooks have a waiting time during which your money will be locked in your sports betting account.
Cost and Fees
Postepay is a popular and cheap payment option among Italian sports enthusiasts who place bets online. Postepay deposits and withdrawals are typically free at online sportsbooks. Read the fine print before committing to a betting site because there is always an exception to the norm.
However, there is a €5-€12 issuance cost associated with the various Postepay card kinds. There is no cost associated with getting a Postepay card to use online. You should know that there is an annual fee for some Postepay cards. For comparison, the yearly charge for a Postepay Evolution card is €12, while the fee for a Postepay Evolution Business card is €36. Standard Postepay cards do not incur any yearly maintenance charges.
To load money onto your Postepay card, there are no costs involved. Postepay cards reloaded in currencies other than the Euro incur a 1.10 percent foreign currency conversion fee. Consider the following withdrawal costs if you have a Postepay Standard card and plan to make a withdrawal:
- Withdrawing money from a Postamat ATM will cost you €1.
- The fee to withdraw money from official post offices is €1.
- Withdrawals from authorized bank ATMs in Italy and other Eurozone countries cost €1.75; withdrawals from authorized bank ATMs in non-Eurozone countries cost €5 + 1.10% of the withdrawal amount.
- Here are the withdrawal fees that will be applied to your account if you use a Postepay Business or Postepay Evolution Business card:
- A machine at an ATM won’t charge you anything to take out money. Postamat withdrawals from official post offices cost 1 euro.
- Withdrawals from authorized bank ATMs in Italy and other Eurozone countries cost €2.
- Money withdrawals made with a Postepay card outside of Eurozone countries will incur a fee of €5 plus 1.50% of the amount withdrawn.
Security and Privacy
Postepay’s reputation for reliability has made it the country’s preferred method of electronic payment. The firm responsible for the Postepay cards, Poste Italiane, has taken user security very seriously and has installed a number of safeguards. The European Payment Services Directive is also met by the business (PSD2).
Poste Italiane gives its customers the option to sign up for an additional layer of online protection. The Postal Service’s official website utilizes the tried-and-true 3D Secure system to safeguard any financial dealings made through the site. This means that a one-time use password will be sent to your phone by free SMS.
Connecting your Postepay card with your mobile phone is required if you wish to use the web security feature. Any post office or ATM equipped with the Postamat system can be used for this purpose. You can then put your choice into action by going to the Poste Italiane website.
A Postepay card can be obtained without the necessity for a bank account. Therefore, private information will not be compromised. Additionally, the Poste Italiane website uses SSL encryption technology compatible with the SHA256 algorithm to safeguard communications between Postepay cardholders and the website.
Users of Postepay have the option of turning on SMS notifications. Whenever a transaction is completed, they will be notified immediately. To reiterate, there is no fee associated with activating the service, but you will be responsible for paying the cost of each SMS sent. Payments made with the Postepay mobile app can be authorized with additional layers of security provided by PosteID, fingerprint scanning, or FaceID.
Advantages of Postepay
Postepay is an attractive alternative payment option for many customers. Getting a Postepay card is a breeze, to begin with. Postepay cardholders are given a wide variety of convenient methods for adding funds to their cards. Postepay cards can be used for both in-store and online purchases, as well as cash withdrawals from participating ATMs.
Online purchases made with a Postepay card provide you with the assurance that your money is being handled securely. This is due to the fact that cardholders can shop online without worrying about giving out their banking details. In addition, you can use the Postepay card without linking it to a specific bank account.
The Italian betting community appreciates Postepay because it streamlines the process of making deposits and withdrawals. You can quickly add funds to your sports betting account because deposits are handled in real time. Bookmakers that accept Postepay make it easy for punters to withdraw their winnings. Furthermore, there are no fees associated with utilizing Postepay at legitimate online sportsbooks while making a deposit or withdrawal.
Poste Italiane’s primary objective has always been to provide for the requirements of its clients. To meet this demand, it has introduced a specialized Postepay app for both Android and iOS devices. Those who have downloaded and installed the software on their mobile devices can manage their finances with ease. As an added bonus, Postepay cards prevent customers from incurring debt. Thus, a Postepay card is ideal for those who struggle to resist the temptation to gamble.
You can always count on Poste Italiane’s customer service team to help you out. You can get in touch with the helpful service staff by sending an email or giving them a call.
Disadvantages of Postepay
The payment service Postepay is almost ideal. Postepay has a lot going for it, but one of its shortcomings is the fees it charges. There is an initial cost associated with getting a plastic Postepay card and then a yearly maintenance fee. Additionally, there is a fee attached to making a withdrawal.
It’s also a bummer that Postepay cards only have so much space for cash. You also can’t use your Postepay card immediately away after signing up for it. It’ll take a few days to get to you. You’ll have to wait even longer if you want to get a Postepay card the day before a weekend or holiday.
The single supported currency by the payment gateway is the Euro. However, as Postepay is only available in Italy, that shouldn’t be a problem anyway. Finally, it is not easy to discover an internet gambling establishment that accepts this kind of payment.
Conclusion
In Italy, Postepay has become widely used. It’s essentially a reloadable prepaid debit card that can be used as often as desired. Paying with your Postepay card is possible both online and in-store. Payments related to gaming can also be processed using this way. Using Postepay, you can quickly and easily add funds to your online sportsbook account. Postepay is another withdrawal option for victors.
You can select the best Postepay card for your situation from among the many available options. There is a small fee associated with utilizing the payment solution with a Postepay card. Sports bettors can rejoice, as most bookies offer free Postepay processing.
