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Paysafecard is a pre-payment service that enables electronic payments to pay for online goods and services. The service has existed for around twenty years and is now available in over forty countries across the globe. The service has changed hands many times over the years.
It is now fully owned and run under its name. The holding company is called Paysafe Group. This conglomerate is also responsible for e-payment services, Neteller and Skrill.
This payment method is a popular choice for online gaming. It is easy to use and widely available. You don’t need a bank or credit account to use Paysafecard. This makes it a popular choice for online payments.
Paysafecard can be bought on any high street and in many neighbourhood stores. They can even be bought from some larger petrol stations.
You can buy Paysafecard at places with the yellow PayPoint signs. It is also available at many other stores. You can pay with a credit card, debit card, or cash.
This makes them a great choice for people without a bank account or with bad credit.
Paysafecard can be bought in several different denominations. All participating retail stores sell cards in fixed amounts between £10 and £100.
Official PayPoint retailers sell cards worth up to £175. You can use these cards to pay for goods and services at many online stores and organisations. This includes casinos and other online gaming sites.
Each time you buy a new Paysafecard, you are issued a unique 16-digit PIN code, which you enter online to pay. You do not need to use all the money on your card at once.
Any leftover credit stays on the card for future use. You can use more than one card to make purchases. This means you can buy large items with the service, up to £200.
All payments made using Paysafecard are fee-free, except in some specific circumstances. Instead, the vendor or retailer is charged a small fee for accepting your payment.
Fees only apply to Paysafecard customers when there is a currency exchange. Fees also apply if the card is not used within twelve months. A cost of £3 per month is applied until the balance has been used.
Several other advantages can be gained when using Paysafecard to make purchases online. It is a great way to avoid online fraud. You do not need to share your personal financial details when you make a purchase.
When you pay with a regular credit or debit card, you need to provide your card number, expiry date, and CVV. The CVV is the three-digit number on the signature strip.
So long as you are dealing with reputable sites, this form of purchase is very secure. Your details can still be hacked or stolen. This can happen if someone breaks into weak data storage at the vendor. It can also occur if data is intercepted over insecure Wi-Fi networks. This is impossible if you use Paysafecard because you do not need to disclose any of this information.
Some players find the anonymity of Paysafecard appealing. Your online purchases won’t show up on your bank or credit statements.
But of course, alongside all these advantages, there is a downside. And for Paysafecard, it should be treated very much like cash. If you lose your unique 16-digit PIN, you have effectively lost your money. So you need to look after your unused cards, slips and numbers like you would need to look after your banknotes.
Once lost or stolen, they cannot be replaced, unlike a credit or debit card, which can be. Please also ensure you don’t disclose your numbers to anyone else because once they have your 16-digit code, it’s as good as cash.
Paysafecard is accepted by most casinos, including those carrying NetEnt games. It seems likely to remain a popular way of making deposits at online casinos for the foreseeable future.
Advantages:
- Paysafecard is a secure and anonymous payment method. Funds are transferred instantly and securely without revealing your personal or financial information.
- It is widely accepted by online casinos, which makes it a convenient option for players.
- It is a prepaid card, so it’s easy to keep track of your gambling budget.
- Deposits are instant, so you can start playing immediately.
Disadvantages:
- You cannot withdraw money to a Paysafecard. You must choose a different option to cash out your winnings.
- The maximum amount you can deposit with Paysafecard is limited to £150 in some countries.
- You may incur fees for certain transactions, such as topping up your Paysafecard or exchanging currency.
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