Nexi

When choosing a payment method, reputation is one of the vital criteria. Selecting a platform with years of history behind it reduces the odds of having a poor experience. A payment option we will review today is undoubtedly a reputable one. Its name is Nexi, although some of you might know it CartaSi. It was founded by the Istituto Centra delle Banche Popolari Italiane, a state-owned banking institution, one of the biggest names in Italy.

As the number of online casinos in Italy is constantly on the rise, Nexi has become a popular deposit and withdrawal method for Italian gamblers. It didn’t take long for Nexi to draw our attention, so we got down to business to bring you a detailed analysis of his versatile banking option. We invite you to join us as we explore every nook and cranny of this platform to see if Nexi is the right choice for you.

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About Nexi

The Istituto Centra delle Banche Popolari Italiane (ICBPI) has a long and successful history. The financial conglomerate was established in 1939 by seven Italian banks. Its main goal was to offer a completely new standard for banking services in the country, and as time passed, more banks joined in on the action. Over the past eight decades, the banking institution significantly impacted the overall quality of the Italian financial landscape.

In 1986, the ICBPI introduced CartaSi, a joint project whose objective was to popularise the use of credit and debit cards. Initially founded by four banks, the number of participating institutions increased to 880 by the late 2000s.

The biggest change to CartaSi occurred in 2017 when it adopted its current name, which coincided with ICBPI’s desire to expand its presence in the digital banking realm. The rebranding was completed a year later, and despite the new appearance, its goals stayed the same.

Target Markets

Unfortunately, users outside of Italy won’t be able to benefit from the advantages of this platform. Also, the only supported currency is euro. This is not surprising, as the payment method is operated by a conglomerate of Italian banks. Some payment methods expanded to international markets in the past, but that’s likely to happen with Nexi. If it does, you will be the first to know.

Nexi Account

Since Nexi is focused on making online transactions easier, it made sure to offer a straightforward sign-up process. These are the steps you have to take to get your Nexi card.

Visit the official Nexi website and find the Cards page, which also contains additional information regarding your Nexi card and its features.
Click on the Apply button, and you will be redirected to a page where you must provide your personal details, bank’s ABI code, and tax code. That’s it; you have successfully applied for a Nexi card.

You should get your card via mail within a week. Remember, it will come with your personal information and other sensitive detail, such as the card’s PIN.

How to Deposit with Nexi?

Once the card arrives at your address, you can start using it to fund your online casino balance. The next step is to open a new account at a gambling site that supports this payment method. Depositing funds with Nexi is easy. After logging into your online casino account, visit the Cashier page and choose Nexi as the banking method of your choice. Enter the sum you wish to deposit, as well as the number of your card, its date of expiry, and CVC. The only thing left is to confirm the payment via a one-time password (OTP).

How to Withdraw with Nexi?

Cashing out with Nexi is a piece of cake, and the entire process is the same as using a Visa or Mastercard. First, log into your online casino account, and go to the Cashier page. Choose Nexi, enter the amount of money you plan to withdraw, and provide your card details (card number, expiration date, CVC). Click Confirm to submit your request.

Transfer Times, Fees and Security

All deposits made with Nexi are processed instantly, allowing players to start playing without any delay. In most cases, it is enough to refresh the page, and the money will arrive in your balance.

Withdrawals are a different story. Typically, your request should be approved in up to three business days. However, keep in mind that weekends and holidays can increase the waiting time.

When it comes to fees, Nexi charges 1.5% on your deposit/withdrawal, along with a fixed fee of €0.15. It may seem much, but it isn’t, and the fee won’t burden you, no matter whether you’re a casual player or a seasoned online casino veteran. Remember that you may incur additional costs depending on your Nexi package and online casino.

Since some of the biggest banks in Italy are behind Nexi, it guarantees optimal security. The platform uses standard security measures like identity verification and anti-money laundering. In addition, every transaction is confirmed by entering an OTP sent to the phone number you entered during the registration process.

Another advantage of Nexi is the fact it has no transfer limits, although there are certain restrictions depending on the chosen Nexi package. Also, your online casino may impose deposit and withdrawal limits of its own.

Customer Support

In case you need to contact customer support, you will be glad to know you will receive a reply in no time. You can get in touch with them via phone and email. The live chat option is available, but you must understand that such a platform is not suitable for revealing sensitive banking details. The official site has an FAQ page where you can find solutions for common problems.