PaySafeCard – A Versatile Prepaid Payment Method
One of the more advanced payment methods than the conventional credit/debit cards and online bank transfer, Paysafe is a pretty convenient method of making online payments. Its popularity has even spread to the betting community where it is being increasingly used as a deposit and withdrawal method on many online betting websites. Paysafe is a prepaid card that can be used even if bettors do not have a bank account at their disposal. Users can make payments using a PIN to deposit money into your gaming accounts. In this Paysafecard review, we will be talking about all the aspects of this online payment method so that you can gauge its benefits and draw a conclusion to whether it is feasible to use or not.
Paysafe is a prepaid card that can be used even if bettors do not have a bank account
FAQs about PaySafeCard
[ultimate-faqs include_category=’faq-paysafecard’]
Overview
Paysafecard began its operations in Austria in 2000. The idea behind bringing this online payment method into existence was quite simple: To ensure 100% anonymity while undertaking monetary transactions and deposits. Also, there’s absolutely no need to use credit/debit card details. This is why the Paysafecard prepaid payment system was created. Initially, Paysafecard was available at retailers for several years, but Paysafecard eventually opted for online payment services. Online prepaid vouchers can be bought online by customers. Paysafecard gained a great deal of trust from a wide range of customers across the world. It started in Europe and made its way into America. Today, Paysafe vouchers are available in more than 40 nations around the world, including India. Of late, Paysafecard got a license from MasterCard. This meant that the services offered by MasterCard were included in Paysafecard’s services. The company was acquired by Skrill in 2013 but continues to function under the name Paysafecard. A major advantage of using Paysafecard is that anyone using this method does not need an account. Bank accounts and e-wallets aren’t required. All you need is a retailer close at hand to make voucher purchases. The amount (value) of the voucher to be purchased is decided by the customer. The vouchers having a value of ₹10,000 – ₹50,000 can be bought easily. But acquiring vouchers valued over ₹200,000 is a bit tricky. The voucher contains a 16-digit PIN, which happens to be similar to a person’s credit card number. This number can be put to use in a similar manner you use a credit or debit card number.
Paysafecard can be used for making online payments at several portals and online betting sites
Paysafecard can be used for making online payments at several portals and online betting sites. Also, it can be used to make payments and purchases at online retail shops. When you choose Paysafecard as the preferred payment method, you are required to enter the 16-digit PIN while checking out. You will be able to make payments depending upon the value of your Paysafecard voucher. The remaining funds can also be checked without any problem. As long as there are funds in your voucher, you can use the same PIN again and again. Once the voucher amount is exhausted/used, you’ll have to purchase a new voucher by getting in touch with the retailer. Also, you can use Paysafecard vouchers to make online purchases. However, your credit card/bank account details will be be required to initiate the transfer process so your voucher can be funded.
Making Deposits Using Paysafecard for Online Betting?
Almost every major online betting site accepts Paysafecard as a payment method to fund an online betting account. Make your way to the cashier and choose Paysafecard as your preferred online payment method. Once you have chosen your preferred mode of payment, just enter the amount you wish to use. Make sure that the amount entered is available on your voucher. Enter the 16-digit PIN as it would allow the online casino or bookmaker site to deduct the amount from your voucher. Also, in case your online voucher still has funds, you can use them the next time you fund your betting account. A slight disadvantage associated with Paysafecard is that it cannot be used at the time of withdrawals. When you win, you might want to withdraw the amount to spend it somewhere else. Ask a friend to lend you their e-wallet details in case you don’t have access to yours. Using a bank account is also a great idea because all your earnings stay safe in a bank account, and can be withdrawn as and when you need them. So, it is always a good idea to have an alternative to get your hands on the winning amount. Have an e-wallet or a bank account in place so that the amount won can be withdrawn with ease. Having funds in your e-wallet is a great idea because this amount can then be readily spent to make online payments and purchases.
Withdraw Money using Paysafecard at Online Casinos
Unfortunately, Paysafecard can’t be used to withdraw the earnings at an online casino or bookmaker site. This probably is the only limitation of using the Paysafecard payment service. Updated information will be provided to you in case there is any development in this regard.
Paysafecard Gambling Fee
The fee charged by Paysafecard is lower than what other competitor online payment platforms are charging. So, it won’t be wrong to say that it is one of the cheapest ways to get your online betting accounts funded within no time whatsoever. Also, there is no transaction fee incurred if you are using a Paysafecard.
The fee charged by Paysafecard is lower than what other competitor online payment platforms are charging
Maintenance Fee
If you’ve been using a Paysafecard PIN for 12 months, then you’ll be charged a small fee which is for maintaining your online betting account. The fee varies from one country to other. At present, a £3 fee is charged in the UK. So, it is easier for you to figure out as to how much you’d be paying on account of maintenance fee.
Conversion Fee
This is charged when the users change the currency in which they’ve made deposits. The fee amount varies from one country to the other.
Redemption Fee
In case you are planning to cash out of the Paysafe PIN you use for real money, you will have to pay a small fee. However, the fee can be avoided by transferring it to another casino. You can then withdraw it using some other method.
Is Paysafecard Used at Online Casinos?
Yes, of course. Paysafecard has tied up with some of the biggest names in the world of online gambling including Pokerstars and William Hill. Paysafecard can only be used by you if yours is a country with a regulated online gambling system. Yours can also be a country like New Zealand or Canada; wherein online wagering isn’t addressed properly. For example, in 2017, Paysafecard abided by local laws in Australia after it withdrew its services in the country. Paysafecard still functions in Australia, but cannot be used at the Curacao casinos that cater to the Aussies. This online payment system was launched in Austria, Latvia and Cyprus during the end of 2019. The full range of services, including the likes of Paysafe Mastercard, Paysafecard Cash, My Paysafecard, etc., are available for the users.
Countries Where Paysafecard Deposits is Available
Several countries accept Paysafecard as an online payment system. Below we have mentioned the name of the nations in a list:
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Advantages of Using Paysafecard
Paysafecard can be used as an online deposit method at several online betting websites based in India.
What Does It Offer?
- 100% Anonymity
- No bank account or credit card required
- Safety first
- You get to control your online funds
- The PIN can be used as long as there are funds in your prepaid voucher
- All funds are insured (in case of theft)
- Can be used for making online purchases at stores and vendors
No bank account or credit card required
What Are The Disadvantages?
There are a few disadvantages that need to be taken into consideration before you start using Paysafecard. Most of the disadvantages are menial and won’t have much of an impact on how you make deposits on online gambling websites. However, you can still check out all of the disadvantages before you begin. Here are a Few Disadvantages at a Glance
- Cannot be used to make withdrawals
- No welcome bonuses available
- There is a maximum limit for making deposits
Despite a handful of disadvantages, Paysafecard is used by a large number of people to make deposits to online betting sites across the globe. The disadvantages of Paysafecard are pretty insignificant when compared with the advantages. If you need to withdraw the amount, you can always do so by using any other online payment method.
Customer Service
Paysafecard customer service revolves around one thing, i.e. customer satisfaction. The support staff can be contacted using a wide range of options, such as phone calls and emails. The ‘Inform’ section can be browsed through in case there are any questions.
Min Deposit: $10
Min Deposit: ₹1,000
