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eToro will no longer accept China UnionPay deposits. Which payment method should I use?

It is reported that from August 1, eToro will no longer accept China UnionPay as one of the payment methods. Although it will cause a lot of inconvenience, we can also use other methods for payment, such as VISA and PayPal. ,Skrill,Webmoney.

First, let’s introduce VISA. VISA is a credit card brand. It is not a bank, but is somewhat similar to China's UnionPay. It contains three different types of bank cards, one is a credit card, the other is a debit card, and the third is a prepaid card. The three types of cards have different focuses. You can choose different cards to use according to your own needs. In addition, it has developed different products according to different markets, among which VISA ordinary cards are the most widely used and can well meet the daily needs of most people.

Secondly, let’s talk about PayPal. PayPal is an international payment platform that can accept payments from more than 200 countries or regions. It has a Chinese website. We can register on the PayPal official website and then bind the bank card, so that we can pay with PayPal. This is also the choice of many overseas shopping enthusiasts.

Let’s talk about Skrill again. Skrill is also a fast international payment platform, and has also launched a mobile app version of Skrill, but one drawback is that there is no Chinese customer service.

Finally, let’s talk about Webmoney. Webmoney is an online e-commerce payment system, but its disadvantage is that it does not have a Chinese website, which may be very inconvenient for some users who are not familiar with English.

In general, although eToro has canceled China UnionPay payment, there are still many payment methods to choose from. These payment methods have their own advantages and disadvantages. Some have mobile versions, some are simple to register, and some lack Chinese customer service and Chinese websites. Users can compare them together to choose the payment method that suits them best.