If you are among the online casino players reluctant to share personal and banking information, but for one reason or another, you shy away from playing at crypto casinos, Paysafecard might be exactly the payment method you need.
Paysafecard was founded in 2000 by four Austrians and it has soon expanded across Europe. It falls into the category of the prepaid cards. You exchange money for a 16-digit code you use to top up your online casino account. Currently, Paysafe is part of the international Paysafe Group together with Skrill and Neteller, two of the most popular online casino payment methods.
What makes paysafecard different from the other payment methods is the exceptional level of security it offers. The customer does not need to share any kind of information, which makes the risk of frauds and misuses non-existent.
If you have ever used a gift card or purchased a voucher to credit your mobile phone, chances are that you know how to deposit via paysafecard. To acquire a prepaid card, you need to visit the nearest store where paysafecard is available. You can figure out which is the nearest store by visiting the paysafe website and entering your postcode.
Then, you need to choose the denomination. You cannot load less than £10 onto the card. You get a 16-digit code in exchange for your money. Then, you select paysafe from the list of casino deposit and enter the 16-digit code. The funds should be instantly credited to your casino account.
You can use up all your balance at once, a part of it, or combine multiple vouchers.
Withdrawals to paysafecard
Due to anti-money laundering concerns, online casinos return players’ winnings via the same payment method used for depositing. However, withdrawals to a prepaid card are not possible in which case your casino winnings will most probably be paid via bank transfer.
If you are planning to use paysafe on a regular basis, it is worth it to apply for a physical card and use it wherever Mastercard is accepted. A picture is worth a thousand words, so here is how it works:
You can withdraw your casino winnings to your paysafe account and use the funds to make online purchases. In case you want to withdraw your winnings from an ATM, you need to transfer the funds to the physical card.
Paysafe Card Fees
We haven’t stumbled upon an online casino charging a fee for paysafe deposits. However, you might be charged an administrative fee if you do not use up the funds in your paysafecard over the next 12 months after the purchase.
You can check your balance by entering your voucher’s PIN on the paysafe website. For your convenience, paysafe has a mobile app that allows you to keep track of your balance and transactions history.
Countries Where Paysafe is Available
Paysafe is available in more than 40 countries in Europe, South America, North America, Middle East, and Oceania. Due to online gambling legislation hurdles, paysafe is used as a casino payment method mainly in Europe and the United Kingdom, in particular.
