Paysafecard is an online, prepaid payment method that is accepted by many online casinos in the UK and elsewhere in Europe. Like other digital, prepaid payment methods like Entropay, or e-wallets like PayPal or Neteller, you do not need to offer personal financial information like card or bank account numbers when depositing or withdrawing from an online casino. A Paysafe Holdings UK Limited subsidiary, Paysafecard is available at over 500,000 sales outlets around the world.
How does Paysafecard Work?
Customers can buy a 16-digit paysafecard PIN at any one of these outlets for the following amounts: £10, £25, £50, £75 or £100 (or at a PayPoint, you can acquire even higher sums of £125, £150 or £175). Then, with this 16-digit code, you can make a purchase at one of thousands of online stores, or make a deposit at an online casino.
Once you have your 16-digit paysafecard PIN, you can create an online account called my paysafecard. This will allow you to store your purchased PINs and keep all the information centralised and secure. What’s more, once you’ve opened a free paysafecard account, you can make payments to online casinos with just your username and password. If you add multiple paysafecard PINs to your online account, the total amount will aggregate, and all your funds will be available with just your log in information.
PaysafeCard On Mobile
There is also a paysafecard app which is available on iOS and Android platforms. Once downloaded, you can log into your account on the go. You can find your nearest paysafecard PIN dispenser, check your balance and top up your account with new PINs.
Like other prepaid services or e-wallets, there is never any need to enter your credit card or bank account information at an online casino. In the case of paysafecard, you’ll never have to enter this information online because the PINs are purchased physically in partner stores. This makes paysafecard unique from other similar services. The downside of using paysafecard is you have to leave your house in order to credit funds, which is potentially inconvenient.
The paysafe Mastercard is a physical, prepaid card that you can use at any outlet that accepts Mastercard. You do not need a credit check in order to acquire one, and you’ll be fully in charge of your finances without connection to your bank account. In fact, you don’t even need a bank account if you prefer not to have one.
There are some minor financial catches associated with it. There is an annual fee of £8, a 4% top up fee, a 3% (min. £3) fee for ATM cash withdrawals and 2% fee for foreign currency payments.
Paysafecard and Online Casinos
The majority of online casinos available to UK customers will accept paysafecard as a payment method. The fees associated with paysafe tend to be low or non-existent on deposits and withdrawals and the timeframes tend to be fairly efficient. For more specific information, visit the Cashier or Banking section of an online casino, for minimums, maximums and limits.