Paysafecard was founded in 2000 in Austria. It soon acquired its two competitors, Dutch Wallie and British Ukash, another prepaid voucher provider. Today, the company is part of a UK-based Paysafe Group, which also owns Skrill and Neteller. The company operates in more than 50 countries globally, with a headquarter in Viena, and offices in the UK (London), Germany, Mexico, Argentina, Gibraltar, Switzerland, the US, etc.
Paysafecard is among the world market leaders, offering prepaid payment methods for online transactions. Its products are available across Europe, in the Americas (US, Canda, Argentina, Mexico, Brasil, etc.), Middle East (Kuwait, United Arab Emirates), and Australia, and New Zeland.
The range of products includes Paysafecard, My Paysafecard, Paysafecard Mastercard and Paysafecard Direct. In addition, there is also a dedicated app, available at App Store and Google Play.
Paysafecard is a prepaid digital payment method that uses vouchers with a 16-digit PIN to facilitate online payments. The system is entirely independent of your bank. There is no need to connect your bank accounts or credit and debit cards to the service. This also indicates that your data and other sensitive financial information are kept safe.
The card can be bought in thousands of shops worldwide. To find the nearest one, use the built-in search engine on the official website and in the app that will show you a map with pinpointed retailers marked with a distinctive “d” letter. The voucher values vary from £10 to £100. To pay online, simply enter the 16-digit PIN printed on the voucher.
In case you don’t spend the entire amount, the rest remains available for additional payments. However, it’s good to know that if you haven’t spent the money within 6 months, £3 will be deducted monthly from the remaining balance from the 7th month on.
My Paysafecard is a personal digital payment account where you can store and manage your Paysafecard PINs. This option enables you to pay without using a PIN. Register the account, log-in, upload Paysafecard PINs you bought, and pay online with just your username and password.
Paysafecard Direct enables you to top up your account directly from the sales outlets in minutes. Log-in to your Direct service, generate a barcode and select the value you wish to put to your account. Go to the nearest store and ask for Paysafecard Direct, show the barcode and pay on the spot. The amount is immediately on your My Paysafecard account.
As a completely safe and secure banking method entirely independent of your bank and credit cards, this is one of the ideal banking methods for online gambling.
How to Deposit via Paysafecard?
One of the benefits of using these vouchers is that they are so simple to use. However, they are not available for purchasing online, so, first, buy one in the nearest store. Select the amount you think is enough to satisfy your gambling ambitions. Then, on the live casino website, head for the cashier’s and search for this method as a deposit option. You will be asked to enter the PIN code from the voucher. The money should immediately be available for playing!
There is one more solution possible – My Paysafecard account, enabling online payments without the need to enter PINs, as they are directly stored within the service.
How to Withdraw with Paysafecard?
As easy as depositing was, unfortunately, this method, as a prepaid solution, cannot be used to cash out anything from your gambling balance. To withdraw your winnings, you need an alternative. Before you decide to play at Paysafecard casino using this convenient depositing method, first read the casino’s terms and conditions to check which withdrawal options they accept to prepare the one that suits you best.
Transfer Times, Fees, and Security
This method is free. There may be some fees, including conversion fee (there is a handy currency converter on the website to check the differences), and My Paysafecard maintenance monthly fee of £5, charged from the 13th month on. The amount is deducted from the remaining fund if you haven’t had transactions in the last 12 months.
Since you have to use other withdrawal solutions, some fees may apply depending on the options you select.
As a prepaid digital payment method, Paysafecard is secure as it is utterly anonymous in terms of revealing any personal or banking details.
Transaction time when you top up the gambling account is immediate.