Paysafecard is Europe's premiere pre-paid online deposit method, established in the year 2000. This payment method is often used in online gambling. Unlike other prepaid options, which require a credit card, debit card, or bank account in order to load the prepaid card, this option allows players to use cash to load funds onto their prepaid card, which can then be transferred to an online casino account.
Paysafecard maintains a headquarters office in Austria. It is regulated by the Financial Conduct Authority (FC A) in the United Kingdom, and it is compliant with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) in the United States. Paysafecard has a legal presence in 31 countries around the world.
It is really easy to buy and use your Paysafecard. You buy the card from your local provider and pre-load the funds onto your card, then pay online by entering the 16-digit Paysafecard pin - it’s as easy as that. Cards are available at 500,000 sales outlets worldwide. These include supermarkets, newsagents and petrol stations. It has set up several distribution points in most European countries. All these sales outlets can be found on the Paysafecard website.
The main disadvantage of Paysafecard is that it cannot be used for making withdrawals at online casinos, so all your withdrawals will be credited by bank transfer, or by another nominated payment method.
Paysafecard offers telephone and email customer support. Frequently asked questions are answered in several languages on the "Inform" section of their website. In most countries, the company offers a toll-free telephone number for support.
If you have money left in your account after one-year, Paysafecard will charge you a monthly service fee of € 2. H owever, there are no other fees applicable for the first year. A refund entails a fee of € 7,50.
To recharge your Paysafecard, you have to go to an authorized store and ask for a charge in any of these denominations: € 10, € 25, € 50 or € 100. You can also use the card to purchase currencies different from your own , thanks to a currency exchange system available on the official Paysafecard website.
Another major advantage is that Paysafecard has a mobile app, available on both the App store for iOS and Android’s Google Play store. Within the app, you can log into your account and keep track of your current available funds or view your latest transactions.
The disadvantage is obvious too - Paysafecard offers no credit option. Players can use only the amount of credits they pay for. However, while some indeed consider this a disadvantage, for others it may prove to be an advantage instead, as it sets a limit on the amount of money they can spend.
Today, more than 3,500 websites support Paysafecard, including a number of casino sites. When you play at an online casino that accepts Paysafecard, you simply enter the 16-digit pin code and your funds are immediately available to you at that site.