Paysafecard Casinos
Paysafecard is a pre-payment service that enables electronic payments to pay for online goods and services. The service has existed for around twenty years and is now available in over forty countries across the globe. The service has undergone many changes in ownership over the years but is currently wholly owned and operated under its name, with the holding company named Paysafe Group. This conglomerate is also responsible for e-payment services, Neteller and Skrill.
This payment method has always been a popular way of paying for play on online gaming sites because of its simplicity and widespread availability. You don’t need a bank or credit account to pay for goods with Paysafecard, making it a popular choice for general online transactions.
Paysafecard can be bought on any high street and in many neighbourhood stores. They can even be bought from some larger petrol stations. Certainly, Paysafecard is available for purchase wherever you see the distinctive yellow PayPoint signs, but also at many other general stores. You can pay for them by credit or debit card or even cash, making them an excellent option for people without a bank account or a poor credit rating.
Paysafecard can be bought in several different denominations. All participating retail outlets sell cards at fixed denomination points between £10 and £100, with official PayPoint retailers also selling cards up to a top value of £175. You can then use these cards to make payments for goods and services at thousands of online shops and organisations, including casinos and other online gaming sites.
Each time you buy a new Paysafecard, you are issued a unique 16-digit PIN code, which you enter online to pay. You do not have to spend the entire value of your card at once; any remaining credit is left on the card for future use. Equally, you can use more than one card to make purchases, so even large value items can be bought using the service, up to a maximum of £200.
All payments made using Paysafecard are fee-free, except in some specific circumstances. Instead, the vendor or retailer is charged a small fee for accepting your payment. Fees are only charged to Paysafecard customers where a currency exchange is involved or if the card is not used within twelve months of purchase. A cost of £3 per month is applied until the balance has been used.
Several other advantages can be gained when using Paysafecard to make purchases online. It is an excellent way to avoid the possibility of various forms of online fraud because you do not need to disclose any of your personal financial details when making a purchase. Whereas when paying with a standard credit or debit card, you may have to give your card number, expiry date and CVV number (the three-digit number printed on the signature strip). So long as you are dealing with reputable sites, this form of purchase is very secure. Still, it remains possible for your details to be hacked or stolen, for example, by hacking into insecure data storage facilities at the vendor or intercepting data through insecure Wi-Fi networks. This is impossible if you use Paysafecard because you do not need to disclose any of this information.
For some players, the anonymity involved in using Paysafecard is also attractive: your online purchases will not appear on your bank or credit statements, for example.
But of course, alongside all these advantages, there is a downside. And for Paysafecard, it should be treated very much like cash. If you lose your unique 16-digit PIN, you have effectively lost your money. So you need to look after your unused cards, slips and numbers like you would need to look after your banknotes. Once lost or stolen, they cannot be replaced, unlike a credit or debit card, which can be. Please also ensure you don’t disclose your numbers to anyone else because once they have your 16-digit code, it’s as good as cash.
Paysafecard is accepted by most casinos, including those carrying NetEnt games. It seems likely to remain a popular way of making deposits at online casinos for the foreseeable future.
Advantages:
- Paysafecard is a secure and anonymous payment method. Funds are transferred instantly and securely without revealing your personal or financial information.
- It is widely accepted by online casinos, which makes it a convenient option for players.
- It is a prepaid card, so it’s easy to keep track of your gambling budget.
- Deposits are instant, so you can start playing immediately.
Disadvantages:
- It is not possible to make withdrawals to a Paysafecard, so you need to choose another option when cashing out your winnings.
- The maximum amount you can deposit with Paysafecard is limited to £150 in some countries.
- You may incur fees for certain transactions, such as topping up your Paysafecard or exchanging currency.
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