Paysafecard is one of the most popular casino payment methods and you will see it at many online casinos that you visit. Here, we are taking you through everything you need to know about this payment method so you can decide whether or not it is right for you.
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Who Is Paysafecard?
Paysafecard is one part of the Paysafe Group and provides an online payment method where you can use cash instead of having to use your banking details. The card is prepaid and you can then use this prepaid card to make deposits at your favourite online casinos to get started playing amazing slot games.
This company is European and was formed back in 2000 in Austria before expanding across the rest of the continent. This group always holds high standards relating to consumer safety as they have authorisation from the Financial Conduct Authority.
In 2015, the company was acquired by another big payment method provider, Ukash, who have since phased out the Ukash brand and payment method. It has only been since 2015 that they have become a member of the Paysafe Group which has a number of very reputable payment solution businesses under its umbrella.
How to use Paysafecard to fund your online slots account?
Paysafecard is super simple and easy to use to fund your online slots account, but firstly, you need to purchase one of these cards with your prepaid money on it. Before heading on over to the Paysafe card website, you will need to be 18 or over to purchase one of these cards and you have to register online with them, providing your name, date of birth, address, mobile number, email address, chosen username and, finally, your chosen password.
Once you are logged in to their website, you will then easily be able to buy a prepaid Paysafecard. This is a great way to control your gambling limits as cards are available in sums of 10, 25, 50 or 100. It is available in 46 countries around the world and you can purchase it in your local currency.
Now it is time to make your deposit at your favourite Paysafecard casino. When you are placing a deposit, you will be able to choose from a list of payment options and this is where you can select Paysafecard. You can then enter the amount of money that you want to deposit from this card and type in the 16 digit code on your voucher. This confirms your deposit payment. After this has been completed, you should then find the money credited instantly to your online casino account.
Another option when using Paysafecard is to create your own My Paysafecard account. With this account you can enter in multiple card codes which will combine them and make it much easier for you to manage and keep track of your cash flow. This money will be available in one account and you will be able to make payments using just your username and password, rather than having to type out 16 digit codes repeatedly.
Playing on a casino that does not offer Paysafecard, but you still want to use this payment method? You may still have the option to if the casino offers Neteller or Skrill. These are e-wallets that can be used as a depositing payment method at many online casinos, but what is unique about them is that they accept deposits from Paysafecard. This means that you can purchase a Paysafecard, deposit it into one of these e-wallets instead of using cash, and then make your deposit at the online casino that you are playing at.
Pros and cons of Paysafe Card
There are many pros and cons to playing at casinos with Paysafecard. Below, you can find out what the top positives and negatives are to help you decide if this is the best option.
- It is safe and reliable
- You can make a deposit without having to provide your bank or debit/credit card details
- Provides anonymity if you do not want online gambling to appear on any bank statements
- It works fantastically well for those who do not have a bank account or credit card as they may otherwise not be able to visit and play on online gambling sites
- There are no fees attached to make a deposit
- It is simple and easy to use
- You can download and log in to their mobile app on the go
- Fees charged after one year on cards with a positive balance
- You cannot make withdrawals using this payment option
- Having to use another payment option for withdrawals can make the process of obtaining your cash much longer
- The maximum depositing limits may not be high enough for some players who like to gamble thousands at one time
How does it measure up?
Paysafecard is a brilliant option for those who want to online gamble a little bit more discreetly online or for those who are apprehensive about entering their personal bank details online, which is something that we completely understand. It is easy to use and the fact that it will not cost anything for the majority of players makes it incredibly attractive as an online payment option.
However, this will not be the best payment option for everyone. This is mainly due to the withdrawal process. If you have to use another e-wallet or bank wire transfer to get your cash out, why not keep everything simple and just use these to deposit the cash too? Furthermore, for those who like to bet large amounts of cash when playing their favourite slots online, and we are talking about thousands of pounds here, this is most likely not going to be the right payment option for you with its maximum depositing limits.
There really is no other payment service on the market quite like Paysafecard and where it really excels is in the anonymity it provides you. If you are not too bothered about this feature but enjoy the other benefits that it brings, you might also want to look at using an e-wallet service like Neteller or Skrill that offer even more such as being able to make withdrawals using this payment method.
Paysafe Card FAQs
Below, you can read more about some of the most frequently asked questions that we hear from our readers regarding Paysafecard casinos.
Does Paysafecard Offer A Mobile App?
Paysafecard is one of the few payment methods available to you at online casinos that also offers a mobile app too. The app is fantastic as it provides a way for you to easily log into your account whilst you are on the go and you can check your balance remaining on your card. This is especially handy for those who prefer to play their favourite slot games via their mobile device.
How safe is this payment method?
Paysafecard slots are extremely safe and you do not need to worry about the safety of your finances or personal details. If you use your debit or credit card online, then this is no different in terms of its safety and you can feel comfortable using it. What’s more, Paysafecard is a very reputable company within the online gambling world and this company owns two of the largest e-wallet payment systems online which are Neteller and Skrill. As you can see, they are big players in this industry.
However, what you do need to remember to do is look after the pin numbers associated with your Paysafe Card. If you do notice anything suspicious with your card, make sure to contact them ad have it locked immediately. We would also always recommend checking that the online casino you are playing on is authorised to accept this payment method, so you know that you can trust it.
Are there any commission fees?
One of the things that players love most about playing online slots with Paysafecard is that, unlike some other payment methods, there are no commission fees to use this payment method. When you are making a deposit, you will not be charged anything extra.
It is worth noting that after the first twelve months you may incur a very small administrative fee in your currency and this is charged on a monthly basis. You will only receive this charge if your prepaid card still has a positive balance, but what is not so great is that you cannot cash out your card to avoid this.
How long do withdrawals and deposits take?
You cannot make withdrawals with this payment method and we have more information on this for you below. For your deposits, this will usually be credited to your online casino account instantly
What are the minimum and maximum amounts I can deposit through it?
The minimum and maximum amounts that you can deposit at Paysafecard casinos can differ slightly from casino to casino, but generally, they are about the same. The minimum depositing amount using Paysafecard is normally £10, or euros, depending on what currency you are using. This is the lowest value voucher that you can purchase from their website. Usually, the maximum amount that you can deposit using Paysafecard is £1000, which will be more than enough for most players wagering at online casinos, but this could be an issue for those high rolling players who want to be able to deposit thousands of pounds into their online casino account in one transaction.
If I deposit with this payment method, do I have to use it for withdrawals as well?
Unfortunately, one of the biggest cons of using Paysafecard is that you cannot make withdrawals with it, even if you have used it to make your deposit. You will have to look for another payment method on the slots site. We would recommend using an e-wallet system such as Neteller or PayPal as they are easy to use, trusted, safe and reliable. These withdrawals payment methods are available at a wide range of online casinos and in many different countries, so you can choose the one that you think will be best suited to you. We would also advise you to take a look at bank wire transfers as these usually have a quick turnaround time and you can have the money transferred straight into your bank account.