Nexi

Nexi is an Italian credit/debit card tied to your bank account. Casino players can use it to deposit money in their account

Home Payment Methods Nexi

When we think of credit and debit cards, most of us think of just two brands: Visa and MasterCard. However, many countries have card brands that operate in their local market. Italy is no exception, offering its own cards since 1986.

These initial cards were launched under the CardaSi branding and were a joint project of Italy’s banks and financial institutions. From 2018 onwards, these cards adopted the name we know them under today: Nexi. Can these credit and debit cards compete with other payment methods when it comes to online casinos? Find out in this OG24 review.

What is Nexi?

Nexi is an Italian credit/debit card tied to your bank account. The service has been active since 1986 and functions identically to MasterCard and Visa cards. Nexi is run by the Istituto Centra delle Banche Popolari Italiane (ICBPI), Italy’s largest financial conglomerate. With its backing, Nexi became a massive company and Italy’s top employer in 2022.

Nexi can be used for Online Gambling
Nexi can be used for Online Gambling

The company requires you to have an account in one of Italy’s banks to use its services. If you’re interested in a card, you can apply for one without visiting your bank. On the company’s website, you can browse their many different cards. You can then sign up for one by entering your full name, tax code, and the bank’s ABI code. Assuming all goes as planned, you’ll receive your card in seven days.

Currently, Nexi is only available to Italian citizens with a documented yearly income. Because of that, the service exclusively operates in Euros. Nexi Cards can be added to Google Pay and Apple Pay, allowing you to pay with your smartphone. Users of these cards also benefit from the IoSi loyalty program, letting you claim exclusive rewards and discounts.

Facts

Nexi logo small og24

Payment TypeCredit/debit card
HeadquartersMilan, Italy
Founded1986

Pros

  • Instant deposits
  • Easy to use
  • Simple registration
  • Secure payment method

Cons

  • Only available in Italy
  • Deposit and withdrawal fees

How to Deposit with Nexi?

If you’ve ever used a bank card to deposit, you’ll find adding money through Nexi is more or less identical. The company made the experience as seamless as possible to ensure payments are completed smoothly. Follow this guide, and you’ll be ready to enjoy everything the casino offers.

1. Register a casino account. If you’re already signed up, log into the account you already have.

2. Open the banking page. Here, you’ll find all the payment methods the casino supports. Pick the Nexi logo to select it for the deposit.

3. Initiate the transaction. You’ll have to type in the amount you wish to deposit and your card details. That includes the card number, expiration date, and the CVC code on the back. After filling everything out, hit the Deposit button.

4. Enter the one-time password. Players will receive the OTP via SMS. Type it into the requested field to authorize the payment and transfer the funds.

5. Start Playing! With the funds in your casino account, you’re free to start playing casino games.

How to Withdraw with Nexi

Using Nexi to cash out functions more or less the same way. You open the withdrawal section on the cashier page and pick Nexi as your payment method. From there, you type in the amount to cash out and enter your card details. Withdrawals are not subject to one-time password checks, but you will have to wait before receiving the funds.
Nexi takes advantage of the same security protocols we see in other bank cards. Its extra features are also fantastic, especially if you plan to use it for more than casino payments.

FAQ

Nexi is an Italian credit/debit card network. It functions identically to Visa and MasterCard payments while providing extra features beneficial to Italians.

You can only sign up for this payment method if you’re an Italian citizen with a bank account.

Yes, you can! However, each withdrawal is subject to a cashing-out fee.

Transfer Times and Fees

Despite how impressive Nexi is, it’s not without its downsides. One of them is a 1.5% fee for all deposits and withdrawals. You’re also charged a flat 0.15 euro fee per transaction. Because of that, you’ll want to minimize how many deposits and withdrawals you make when using Nexi.

You’ll be happy to hear deposited funds transfer immediately to your casino’s balance. Unfortunately, the same is not true when cashing out. It’ll usually take two or three business days for your Nexi withdrawal to be transferred to your bank account. However, depending on the online casino, you may have to wait longer.

Security

Nexi connects to your bank to facilitate transactions. That forces it to follow the same security protocols used by financial institutions, ensuring every payment is secure. You must also verify each deposit with a one-time password sent via SMS. That means even if someone steals your card info, they cannot use it without access to your phone.

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