Paysafecard is one of the world’s most popular prepaid solutions. Designed originally to make small purchases on the Internet, Paysafecard is quick and convenient. Since the iGaming scene discovered this service, it has been available at online casinos for a while. It is one of the most supported services in the online gambling industry, available to millions of players worldwide. Below, we will go into detail about the most important features of Paysafecard and how it will affect your online gaming experience.
How to Use Paysafecard at Online Casinos
If you want to use Paysafecard to play at online casinos, first you will need to purchase a voucher. Paysafecard can be bought at more than 300,000 retail locations all over the globe and odds are that you will have one such in your area. To get a voucher, simply go to the cashier, hand them the money and they will print one out for you.
Once you have acquired your voucher, you can make your payment to the online casino. To do so, you have to bring up the cashier page. From there, select the Paysafecard option from the list of support banking methods. Enter the 16-digit PIN code on the voucher and the sum you wish to deposit. Confirm the payment and you are good to go.
The process of depositing with Paysafecard is quite simplistic and you will have no problem in doing so. As far as withdrawals are concerned, we have to inform you that they are not available via Paysafecard. Given the prepaid nature of the service, it is only reasonable that payments can only go in one direction. When the time comes to withdraw your balance, the casino will give you alternative services to cash out. Usually, this will be a Bank Transfer and you will need to provide the casino staff with your banking details.
Taxes and Fees When Using Paysafecard at Online Casinos
As far as the cost of Paysafecard, you can use this service without paying a penny extra. Purchasing a voucher does not require more than what you wish to spend online. The merchant does not charge a fee for the service, nor will you be asked to pay anything extra when making transactions online.
There are only three situations in which direct fees are involved. The first is when you want to withdraw the balance of a PIN. When this is the case, you will have to pay a percentage of the transaction or a flat fee. This is done to cover the cost of the bank transfer to send you your money.
Additionally, making payments in a foreign currency will incur an exchange fee. The exact amount will vary, depending on the currencies involved. However, it is usually in the 1-2% range and is not something that will break the bank.
Last but not least, if you purchase a PIN and forget to use it, there are maintenance fees. After 12 months, the voucher will start being charged $2.00 per month until you use it. This will go on until you spend the money or the balance is simply depleted.
Deposit and Withdrawal Timeframes When using Paysafecard at Online Casinos
Paysafecard transactions are some of the fastest out there and you will be convinced of this as soon as you use this service. After you have entered the PIN number, the amount you wish to deposit and have confirmed the payment, the deposit will be processed instantly. There is no wait time as with other services. This means that you will get to stake your money immediately.
The fact that you will not have to wait for the transaction to process makes this service worth it. By comparison, other payment methods such as Bank Transfers can take multiple days to process, which is hardly ideal.
On the topic of withdrawals, we have already covered that they are not possible via Paysafecard. Still, you have to get your money out somehow. This is usually done by the very service we called slow directly above – Bank Transfers. It is a good idea to consider this before you choose to go for Paysafecard.
Advantages of Paysafecard for Gambling Transactions
Paysafecard is certainly a popular banking method in the online gambling scene. Therefore, it is only reasonable to say that it comes with several benefits. Some of these are specific to Paysafecard, whereas others are shared by multiple payment solutions in the iGaming space.
The most immediate and useful features of Paysafecard are its accessibility and efficiency. A Paysafecard voucher can be bought at many different locations you usually visit. For example, the gas station, the supermarket, a newspaper kiosk, etc. This means that you can pick one up during your day-to-day affairs and will not have to go out of your way to purchase one. Next, the instant deposits are a great reason to use Paysafecard, since you can start playing right away.
Another point to consider is the security that Paysafecard offers. Many other online banking methods require you to enter some sensitive information. Paysafecard, on the other hand, does not. You can use the voucher without even providing your name. If your data was never entered anywhere, there is no chance for it to be leaked. As a result, you can play in peace, knowing that your identity online is protected.
Disadvantages of Paysafecard for Gambling Transactions
In the interest of fairness, we also have to provide insight into the negative aspects of Paysafecard. As it happens, they are significant ones and should be seriously considered before choosing Paysafecard as your primary banking method.
The largest drawback of Paysafecard is the lack of withdrawal functionality. Since this service is only capable of deposits, you will need to look for a different way to cash out your funds. This can rightfully be considered a hassle and alternative payment solutions may be better for you.
After this, we have to consider the spending limits on a Paysafecard voucher. The maximum amount a Paysafecard PIN can hold is £100 or the equivalent in other currencies. This is quite low all things considered. Granted, you can link up to to 10 PINs in the same transaction. However, the logistics of purchasing 10 vouchers at once make the whole process inelegant.
Last but not least, we also need to consider that you need to physically buy a PIN. All other banking methods in the iGaming scene do not require you to do anything special in the real world. While this is not a problem while you are going about your business, it can be if you need a top-up late at night when the stores are closed.
Mobile Casino Banking with Paysafecard
Mobile gaming is at an all-time high and all aspects of the industry are being adapted for mobile use. The same goes for this payment method. You will be pleased to know that Paysafecard works just as well on mobile devices as it does on desktop computers. The banking process on mobile is the same and there is no practical difference between the two. You can have full-fledged mobile gaming experience with Paysafecard and there is nothing to get in your way.
Paysafecard also offers a mobile app for Android and iOS devices, which offers some of the functionality of the Paysafecard website. You will be able to check the current balance of your PINs and track your previous payments. Moreover, you will also be able to reach customer support via the app and more.
There are no significant differences between using Paysafecard on desktop computers and mobile devices. The service is not dependent on a particular platform and has a long history of being available on many different kinds of demographics.
Is It Secure to Use Paysafecard at Online Casinos?
Security is one of Paysafecard’s most prominent features. Whereas other payment methods require some degree of banking and personal information from you, Paysafecard does not. Therefore, if your sensitive data is not entered in the first place it cannot fall into the wrong hands. When you deposit with Paysafecard, you only enter the 16-digit PIN and nothing else.
Additionally, the service also offers high-end encryption for further protection. Modern-day SSL protocols are downright impossible to get around and they make any hacking attempt not worthwhile. With all of this in mind, you can be certain that Paysafecard is secure in every sense of the word.
Of course, you will have to protect your physical vouchers. If anyone gets ahold of them, they will be able to conduct payments with your money. Therefore, keep a close watch over them and do not leave them out in the open.
FAQ About Paysafecard
Can I reverse a Paysafecard payment?
All Paysafecard transactions are final. There is no mechanism in place to reverse payments once they are carried through. Unlike with credit cards, you do not have chargeback available. Therefore, it is important to pay attention when you make transactions and to also not let anyone else have access to your PINs.
What can I do if my Paysafecard PIN gets stolen?
If you know your PIN number, then you can visit the Paysafecard website and freeze the voucher. That is only available if the balance has not been spent. Once you freeze the voucher, you can get another PIN for the same voucher.
Where is Paysafecard available to buy?
If you do not know of any merchant that sells PINs, Paysafecard is here to help you. On the Paysafecard website and the mobile app, there is a map which shows all locations offering vouchers. You can easily look up your city and see where the closest retail store is.
What are the Paysafecard limits?
Paysafecard vouchers are available in several denominations. Specifically, you can get a PIN in £10, £25, £40, £50, £50, and £100. You can link up to 10 PINs in a single transaction and therefore, the maximum transaction amount with Paysafecard is £1,000.
How do I withdraw the money from a Paysafecard voucher?
If you wish to get back the money you placed in a PIN, you can request a withdrawal on the Paysafecard website. Simply contact customer support and provide them with the necessary information. The withdrawal is done via Bank Transfer but you will have to pay a fee.