Prepaid payment services have been in use for many years and their popularity seems to be increasing on a yearly basis. In the realm of online gambling, one prepaid card has gained a significant user base and widespread support from the vast majority of gambling websites. We are, of course, referring to Paysafecard.
Available in over 40 countries, Paysafecard is available to a large portion of the online gambling community. This service is owned by Paysafe Group PLC, a public company that is also responsible for the management of two of the most popular electronic wallets on the market – Skrill and Neteller. Paysafe Group PLC was established in 1996 on the Isle of Mann and has seen great success in its operational lifespan of more than two decades. As proof of its legitimacy, the company is licensed by the Financial Conduct Authority of the United Kingdom, the government institution that handles electronic financial operations.
In today’s market, the services of Paysafe Group PLC are some of the most popular in the online gambling community. Skrill and Neteller are the go-to choices for eWallet users, while Paysafecard is their prepaid equivalent. Paysafecard is not only supported by a large part of gambling websites, it is also highly accessible, with users being able to purchase a prepaid voucher at more than 600,000 locations around the globe. It is the preferred payment method for countless players who need a reliable and easy to use service, that also provides them with a fair amount of anonymity. In this article, we will cover the uses of Paysafecard and discuss the various advantages and disadvantages that come with it.
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How Paysafecard Works
Paysafecard is simplistic to the point that just about anyone can make use of it. The procedure has been made to be as pain-free as possible, allowing users to quickly purchase a voucher and start playing their favourite games. Basically, the service is available at a large number of retail locations, such as stores, gas stations, newspaper stands, etc., and users can simply walk up to the counter and purchase a voucher. It will come in the form of a receipt, where you will see a 16-digit PIN number. This PIN number has to be entered any time that you wish to make a transaction and it is the key to your balance. Without it, you will not be able to make payments.
If you are not sure whether there is a retail location that supports this service, on the Paysafecard web page, there is a map where you can see all retail partners and their relevant proximity to your current location. This makes it easy for you to find the nearest outlet and purchase a voucher.
Making a Deposit With Paysafecard
Making a deposit with Paysafecard is just as easy as purchasing the voucher. When you have setup your casino account, simply go to the cashier page and select the prepaid option. From the list of available services, choose Paysafecard and wait. A window will pop up on the screen, where you will have to enter the 16-digit PIN, the amount that you wish to deposit and any other relevant information asked by the casino.
When this is done, simply confirm the transaction and you will notice that the cash will appear in your balance within a few seconds. Since there is no downtime with Paysafecard, you can start playing immediately.
Making a Withdrawal With Paysafecard
Unfortunately, when using Paysafecard, you will see that money is only able to travel one way. Due to the prepaid nature of the service, you will not be able to cash in your winnings using the same method. This is one of the largest drawbacks of Paysafecard.
However, that does not mean that your money will be stuck in your casino balance. Often, online casinos will allow you to withdraw your balance via a bank transfer. Of course, you should contact the support team for more information.
Fees and Charges
At some point, you will be wondering how much a service like this would cost you. The answer to that is surprisingly simple. Often it will cost you nothing at all. Paysafecard is free on the user’s end for the most part. You will not be charged when creating a PIN, meaning that whatever amount you give at a retail location is the same amount that you will have on your prepaid card. Commissions do not exist for the normal user and we are all the happier for it.
If you spend a decent amount of time browsing through online casinos, you will no doubt come across one which charges its users a fee for making a transaction. Basically, if you are playing at such as casino, any deposit that you make will likely be charged a commission of up to several percent. While we cannot state the exact figures, often this number goes as high as 5%. For some players, this will not a point of concern, but others may find it distasteful. In such an event, you can always look up a different gambling website where it is cheaper to play.
While Paysafecard is free for the most part, there are some scenarios in which you may be charged fees for additional services. One such case is when you have had the PIN for more than a year and it has not been used. While the first twelve months of using Paysafecard are free, on the 13th you will be charged £3 for maintenance and £3 for every other month that the PIN remains inactive.
Additionally, you may find yourself in a position where you want to withdraw your PIN balance. In such an event, you will have to contact Paysafecard customer support team, which will give you all the necessary information. Basically, you will be asked to supply them with proof of identification, relevant banking information and the PIN number. For the transaction, you will be charged a fee of £6. This will apply to every individual refund.
Finally, when making payments in a foreign currency, the company has the right to charge you a percentage of the transaction for exchange fees. We cannot post any specific numbers here, but this will usually be a few percent of the whole sum.
As you can see, Paysafecard is free to use for the regular user and you can certainly take advantage of this.
Advantages of Using Paysafecard
There are many advantages to using Paysafecard as opposed to other methods of payment. For starters, Paysafecard is one of the most widely supported payment solutions in the online gambling industry. It has become the service of choice for many players around the globe and its popularity does not seem to be diminishing. In fact, you will be hard-pressed to find an online casino that does accept payment via Paysafecard. Where prepaid options are concerned, Paysafecard is a safe bet and you can always rely on it to fulfil your needs.
Not only is supported by the majority of gambling websites, it is also available at hundreds of thousands retail locations in a wide selection of countries. You can purchase a Paysafe voucher at many different stores, kiosks, gas stations, postal offices, newspaper stands, and others. This prepaid card is one of the most accessible payment methods that you will be able to use on the Internet. You can pick one up any time that you go to the store or fill up your car with fuel. This alone makes very worthwhile and you will be able to take advantage of this when you go about your daily business.
We would be remiss not to mention that Paysafecard can be bought at a wide array of different countries around the world. When we stated that this service is one of the most widely available of its type, that was not an exaggeration. Paysafecard can be purchased at any of the following countries: Belgium, Bulgaria, the Czech Republic, Denmark, Germany, France, the Republic of Ireland, Greece,, Georgia, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxemburg, Hungary, Malta, the Netherlands, Norway, Austria, Poland, Portugal, Romania, Spain, Switzerland, Slovenia, Slovakia, Sweden, Finland, Turkey, the United Kingdom, Argentina, Brazil, Canada, Mexico, Peru, the United States of America, Uruguay, Kuwait, Saudi Arabia, United Arab Emirates, Australia, New Zealand, and Egypt. This makes it possible for millions of users to use this payment service.
Getting to the meat of the matter, Paysafecard offers its users instant deposits. No longer will you have to wait for a bank transfer to be processed before you are able to play your favourite games. Any transaction made with Paysafecard clears within a few seconds and you can immediately start playing with your hard-earned money. Whereas other services will slow you down with endless setup procedures, Paysafecard is a quick and convenient solution, allowing you to get right into the action without any unnecessary waits.
The advantages of Paysafecard do not end there, however. You will be able to purchase a voucher in several different denominations, depending on how much you want to spend. Paysafecard will allow you to load up £5, £10, £25, £50 or £100 per voucher and you can spend that money in whatever increments you see fit. Since you will not be charged a commission for topping up your prepaid card, you will always have the exact amount you loaded onto the card. All in all, this means that using Paysafecard for you gambling transactions will not cost you a penny, unlike some other services. Additionally, it is important for you to know that Paysafecard also supports a great number of currencies. While it we will go too much into detail here, chances are that if you have Paysafecard available in your state, it will also support your home currency. Naturally, the most popular currencies are available, which includes the US Dollar, the Canadian Dollar, the Swiss Franc, the Japanese Yen, the Euro, the Australian Dollar, the Great Britain Pound and many more.
Of course, if you want to transact more money, you will not be limited to the denominations listed above. While you can only purchase a prepaid card with up £100 in it, Paysafecard allows you to link up to 10 different cards in a single transaction. This means that you can purchase up to 10 unique cards, each holding up to £100 inside.
Due to the low amount that you can load a card with, Paysafecard is also the ideal payment solution for people with a gambling problem. This is, unfortunately, a reality of life and there is a sizeable number of people addicted to gambling. Such players may find trouble in regulating their spending and therefore, could make great use of a service which limits the amount of money they can spend all at once. Problem gamblers will be limited to a £100 transaction, allowing them to enjoy their hobby without it breaking the bank. While online casinos do offer self-exclusion, it is best when a person does not have to rely on outside help to manage their problem. Moreover, since the service can only hold £100 per card, a problem gambler would have to walk or drive to the nearest retail location, giving them time to reevaluate the situation, which could disincentivize them from further spending.
Anonymity is also a major perk of Paysafecard as you will be able to make transactions with complete privacy. At no point, from purchasing the card, to entering the 16-number PIN, will you be asked to provide any personal or banking information. With online privacy becoming an ever greater concern, it is nice to know that there are services out there that will not ask for more than is necessary. Privacy-minded players will no doubt enjoy the fact that they will not have to enter their credit card number or even provide their name when topping up their casino bankroll. This alone is benefit enough for some people.
Disadvantages of Using Paysafecard
Of course, it would be foolish to think that Paysafecard is the end-all-be-all service and you will find that this payment method comes with several unfortunate shortcomings. While much of what you read above can be considered advantages for a lot of people, others would find these features to be downsides.
We cannot overlook the low denomination amounts that you can use to top up your casino balance. While it may be sufficient for certain budget-oriented players, £100 may not be enough for all gamblers. It is true that you can combine up to 10 individual vouchers, but that is hardly an appropriate solution for most people. That would mean that you will have to keep up to 10 separate receipts each time that you wish to make a large transaction. Where deposit limits are concerned, high rollers will have to resort to another method of payment, which can allow them to transact more money.
Additionally, since the receipt comes in physical form, you will also have to pay special attention not to lose it. You may not think so at first, but a small piece of paper is extremely easy to misplace and you may find yourself looking through the garbage, searching for your prepaid voucher. This becomes an even larger problem when you purchase more than one card. Moreover, if you are unfortunate enough to lose your prepaid card, there is no option to recoup the money you charged it with. While a withdrawal is available in normal circumstances, you will need the 16-digit PIN written on the receipt to do this. This is not a problem with some online-only services such as eWallets or online banking.
Furthermore, since Paysafecard is only available at retail locations, you will have to physically reach one to purchase a voucher. While the hassle of leaving your home and walking to the store may not seem like much, some players mind find that only far way retail spots offer Paysafecard. What in one scenario seemed beneficial, may become a large inconvenience. Especially, when you wish to reload your casino balance but the stores have closed for the day.
One of the most important disadvantages of Paysafecard is the inability to withdraw any winnings. Since the service only transacts money one way, it is impossible to cash in using the same method. This is not only a problem for Paysafecard but for all prepaid services in general. Often the online casinos will give you the option of a bank transfer, but that could take a week or more to process. In other words, it is a less than ideal solution to a very significant problem.
Paysafecard is a service that is tailored to a specific user base and those not in it will have a difficult time when using it. Paysafecard is designed to be a convenient way for players to deposit money to their online balance without hassle or issues. However, that is the extent of what Paysafecard can offer you. Those who are more serious about their online gambling hobby will likely not be satisfied with this service and will have to make use of a different one to achieve their purposes. Overall, Paysafecard can provide you with excellent value, if you are within its targeted demographic.
Security of personal and banking information is a major concern nowadays. Payment services everywhere are taking measures to ensure that their user base’ data does not fall into the wrong hands. If you are looking for a secure and reliable payment solution, you need to look no further than Paysafecard. This service is as reliable as they come and your personal data will remain safe.
Due to the very nature of Paysafecard, you have little to worry about, to begin with. As we have mentioned previously, you will not be required to submit any personal or banking information about yourself when purchasing or using Paysafecard vouchers and this is one of the best aspects of the service. Whereas other payment methods would require you to provide some form of proof of identification, a prepaid voucher can be bought straight up with cash and that would be the end of it. Not even when you enter the 16-digit PIN would you be asked to reveal anything about yourself.
Paysafecard is designed in such as way that your money can only be spent if you have possession of the 16-number code that comes printed on your receipt. Without this, neither you nor anyone else will be able to make payments. However, in the event that you lose this code, you can always freeze your balance and request a new PIN. Paysafecard is one of the safest online payment services that you can use and many security-conscious players have been happily making purchases online with it, not having to worry about any of their private information being compromised.
Every now and then, you may find yourself in need of help when using a particular service. In such scenarios, people normally turn to the customer service team and this is also true in the case of Paysafecard. There are two ways to establish contact with a representative and one of those is to use the dedicated form to send them a message. Basically, to do this, you will have to onto the Paysafecard website and enter the Contact page. There you will have to select the subject of your question, enter your enquiry in the text box below and supply your email address. When you are done, enter the Captcha code and submit your message.
Alternatively, you can always send an email directly to the support team. The company has provided firstname.lastname@example.org as the go-to email address to contact the support team. The support staff are always hard at work maintaining the set standards of quality and you will likely receive a response within a few hours of making the enquiry.
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