Paysafecard Casino Deposits and Withdrawals

Paysafecard is a simple-to-use payment option requiring neither a bank account nor a credit card. It was first launched in 2000 in Austria and two years later became available as an e-vouchers as well as a physical card. The following year, the company reached its first milestone with more than 10 million Paysafecard transactions.

In 2008, they acquired a license issued by the British Financial Conduct Authority and in 2009 another one which allowed them to issue MasterCard products. Year 2010 was marked by a launch of YUNA Prepaid MasterCard and an entrance into the USA and Mexico.

Paysafecard is a subsidiary of Vienna-based Paysafe Holdings UK Limited, a company present in 46 countries around the world.

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How Paysafecard Works

Completing a free sign-up process will get you my paysafecard Standard status account. Free upgrade to Unlimited status makes it possible to make more frequent and bigger payments. Once you’ve got the account, it’s time to load it with some cash. One can use search function available on the service provider’s website to find the closest sales outlet, then head over there to buy Paysafecard in amounts of £10, £25, £50, £75 or £100. Clients can also purchase PINs from the comfort of their own homes by visiting one of authorised online shops.

Having done the purchase, you’ll be able to pay online by entering the 16-digit Paysafecard PIN. Any money left over can be used for another purchase, either on its own or combined with other Paysafecard PINs. Make sure to spend the entire amount within 12 months or else a £3 monthly provision fee will be deducted from the remaining balance.

Your personal account called my paysafecard and fundable by PINs lets you make online payments by entering nothing else other than a username and password. Prepaid Paysafecard MasterCard, enabling one to pay the same way as with a credit card, can be topped up from the client’s my paysafecard account and used to pay both online and offline wherever MasterCard is accepted. Free Paysafecard app is available for download in Apple’s App Store and Google Play. Mobile users only need to scan the QR code displayed on the voucher to get the money transferred to their Paysafecard account. Mobile app offers one to login with a fingerprint, username and password, or alternatively use the 2-step login. Paying with Paysafecard is basically free, except for a monthly maintenance fee charged from the 13th month onwards, redemption fee applied to refunds, and conversion fees for transactions involving foreign currency.

With my PLUS loyalty program you’ll be collecting points every time you pay with my paysafecard. Points are redeemable at my PLUS Shop for exclusive discounts at selected online shops and other rewards. The first batch of 10,000 will be yours as soon as you sign up, and recommending the service to a friend earns you another 25,000.

 

Website: https://www.paysafecard.com/

 

Paysafecard Security Measures

Paying with Paysafecard is pretty much like paying with cash. No personal details need to be shared with the receiving party, which makes this option exceptionally safe, but it’s still important that you look after your PINs the same way you’d keep banknotes out of somebody else’s reach. The provider will warn you about scams, viruses and Trojans, and even if PINs are impossible to hack, clients can lock theirs whenever they wish if targeted by fraudsters. There is a dedicated hotline one can use to cancel a lost or stolen Paysafecard MasterCard.

 

Using Paysafecard for Online Casino Payments

When you find an online casino willing to accept Paysafecard deposits, simply navigate to their banking page, select Paysafecard, and enter the amount you’d like to pay. The only thing that remains to be done is entering a unique 16-digit code to complete the payment. Funds will be transferred to your casino amount within seconds. The only downside is that the same method can’t be used to make a withdrawal so you’ll need to pick an alternative option when cashing out.

 

Online Gambling with Paysafecard: Benefits and Disadvantages

The biggest benefit might be the fact this payment option is available to players who either don’t own a bank account and a credit card, or are not comfortable using either for making online payments. Paysafecard allows the latter to fund their real money online gaming activities without having to share any sensitive information. Some appreciate the fact there’s no record of their casino expenditure, and others welcome the help with controlling their spending. Once you gamble away the pre-loaded amount, there’s no other option but go out and purchase another card.

When paying with a Paysafecard, you’ll be charged no fees on deposits or withdrawals, and maintenance costs are tiny compared to those incurred when using credit cards or eWallets. PINs keep your gambling money safe and secure, and since the card has no ties to your bank account, your savings are not endangered. Though the online gaming world is normally happy to accept Paysafecard as a deposit method, there’s no way they can pay out your winnings in the same way, and that’s the only major disadvantage one needs to take into consideration.

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