Paysafecard is a prepaid payment solution that provides enhanced online transaction security. Paysafecard codes with a value of $10 to $100 can be purchased at one of the selling places listed on their website. You can then use them to deposit at reputable online casinos.
It’s a safe and secure solution because no financial information is ever transferred across sites. Paysafecard is currently available in over 40 countries, making it acceptable for the majority of gamers. In addition, the free iOS and Android mobile app allows gamers to keep track of all their codes in one spot. QR codes can be used to make mobile payments directly from the apps.
If you’re curious to learn more about Paysafecard such as its history, steps to make deposits and withdrawals with it as well as pros and cons. This is definitely the right piece for you. Read on for a memorable learning experience.
About the PaySafeCard
Paysafecard is a prepaid online payment mechanism based on vouchers with a 16-digit PIN code that is not tied to a bank account, credit card, or other personal data. Customers can buy vouchers at local stores and pay for them online by entering the code at the website’s checkout (e.g. an online game). Paysafecard codes are not intended to be sent through the mail or over the phone.
The Paysafecard corporation is situated in Vienna, Austria. Paysafecard.com Wertkarten AG (“paysafecard.com prepaid card Inc.”) was formed in 2000 by four Austrians, including the first CEO Armin Sageder, and was later moved into a GmbH. (private limited company). IBM Austria was a technical partner who provided expertise as well as the original hardware. Paysafecard was launched in Germany the following year. Michael Müller, one of the company’s co-founders, was named CEO in 2004.
Paysafecard was awarded EU money in 2005 as part of the eTEN program, which supports electronic services having a trans-European character. Paysafecard was then introduced to Slovenia, Greece, Slovakia, Spain, and the United Kingdom. The British Financial Services Authority (FSA), later the Financial Conduct Authority (FCA), granted Prepaid Services Company Ltd., a British subsidiary, an EU-wide e-money licence in 2008 under the Financial Services and Markets Act 2000, expanding a small e-money issuers certificate valid for the United Kingdom in 2006. This gave the corporation permission to issue e-money across the European Union. Paysafecard Switzerland also got a financial intermediary license.
Skrill, one of Europe’s major payment service providers, finalized the acquisition of paysafecard.com Wertkarten AG in February 2013. Optimal Payments Group, a competitor of Skrill, completed the acquisition of Skrill group, including Paysafecard, in August 2015, and renamed itself as Paysafe Group. Paysafecard is still a valid payment method that many people use to process payments, particularly at reputable online casinos.
How to deposit using Paysafecard
Paysafecard is a convenient and safe way to make a deposit. To get started, follow the steps below:
Purchase a Paysafecard code
The Paysafecard website or app can help you discover your local location. Because there are no fees, the amount paid corresponds to the amount accessible on the code.
Look for a reputable online casino
The greatest Paysafecard casinos are mentioned on this website, and you can sign up for a free account in minutes.
Select Paysafecard from the cashier’s menu
After logging in, the deposit button should be prominently displayed on the casino site. To see the cashier and the available deposit choices, click on it. To proceed, select Paysafecard from the drop-down menu.
Input the code as well as the amount
By mixing different Paysafecard codes, you can deposit as little as $10 or as much as $1,000 in most circumstances. It is possible to spend only a portion of the sum from a single code and keep the rest for future payments.
Play Paysafecard casino games with the money you’ve earned
Transactions are completed immediately, and no fees are charged for deposits at the best casinos. Paysafecard does, however, charge a 2% fee for payments made in currencies other than the one in which the pin was obtained.
How to Cash Out Using a Paysafecard
Paysafecard withdrawals are generally not permitted by casinos. However, the operator provides a service called My Paysafecard, which is accepted by a number of casinos. Stay tuned to learn how to use this feature.
Make an account with My Paysafecard
Register on the site to keep track of all of your Paysafecard numbers and their current balances in a more organized manner. It is recommended that you use the same information as you did for your casino account.
Make your way to the casino’s cashier
Select Paysafecard as a method of withdrawal from your favourite online casino’s cashier.
Fill in the amount you wish to withdraw
Withdrawals from Paysafecard must normally be between $20 and $1,000. However this varies with each casino. In addition, the operator pays the processing fees instead of the customer.
Take pleasure in your wins
Within 24 hours, the withdrawal request should be approved. Following that, the funds will be immediately available in your My Paysafecard account.
Safety and security
So many reasons make Paysafecard a safe and secure option. Customers can use Paysafecard to make online payments while remaining anonymous. This is due to the fact that they are not required to reveal any credit card or personal information in order to make a transaction. The only information required is the 16-digit codes, which can be purchased with cash at local selling points. Because the maximum deposit per card is roughly $100, there is a limit to how much you can lose in the unlikely event of fraud.
Customers can use the mobile app to check their current balances across different codes in real time. It also allows for anonymous direct payments through the use of unique QR codes. It has won numerous honors since its inception in 2000, and it continues to evolve in response to market changes.
Pros and Cons of Using Paysafecard as a Payment method
There are limitless advantages you stand to gain from using Paysafecard as your preferred payment method. It has its downsides too but if they don’t bother you so much, then you’re good to go. Let’s find out more under the headings below:
There are so many advantages you stand to gain using Paysafecard. Check out some of them below:
- Online payments that are extremely secure and do not need the sharing of any personal information
- Paysafecard has a large number of sales outlets all over the world.
- Almost every major online casino accepts this way of payment.
- To keep in control, use user-friendly smartphone apps.
- For online casino deposits, there are no fees or extra charges.
Using Paysafecard also has its own downsides. The cons of Paysafecard as a casino payment method include:
- Paysafecard is not always available for casino wins withdrawals.
- Deposit limits are substantially lower than for other types of banking.
- To purchase codes, customers must go to a local selling location.
It’s evident after an exhaustive examination of Paysafecards as a casino payment method that it’s one of the best. The steps to get started are as easy as making a recharge. You would definitely enjoy the thrill of using Paysafecard as your preferred method since the best casinos offer it. Have fun gambling with your Paysafecard!