How does it work?
There are two ways in which to purchase a Paysafecard. The first way includes buying it over the counter at your favourite accredited Paysafecard retailer. Make sure you ask for an over 18 code, or else you will not be able to use it at a Paysafecard Online Casino.
You will then receive an actual voucher slip with a 16-digit activation code. The second way involves you registering an online account at their website and loading a virtual card to your profile and charging the voucher via your bank account or credit card.
When wanting to use your voucher, you need only log in to your casino account at a Paysafecard casino, select ‘banking’, and select deposit via Paysafecard. You will then enter your 16-digit code along with your pin (if needed), and your account will be credited with funds to use on your favourite table game or slot machine.
Advantages of using Paysafecard at online casinos
1. Great Security
The security of this service is especially safe when purchasing a Paysafecard over the counter, as you don’t need to register an account and provide any of your sensitive identity and financial information. You merely purchase the voucher with cash, no questions asked. When recharging your casino account, you only need to enter the voucher code to redeem your funds. The only time you may jeopardise your money is if you misplace your voucher.
2. Instant Deposit
Once you have loaded the voucher, the funds are made available to spend immediately. When the voucher is loaded to your casino account, the funds will reflect on your profile within minutes, if not seconds. This way you are able to start playing your favourite iGaming ensembles without delay.
3. Great Customer Support
Should you have any queries or need to troubleshoot any problems with the product, you will have access to an efficient customer services department, 24 hours a day, 7 days a week. Peace of mind is always a bonus when dealing with finances, which Paysafecard gives you in heaps.
4. Numerous special features
Extra bonus features are something online gamblers live for, and this product does not disappoint in this department. In order to benefit from these extras, you will need to register an online ‘my Paysafecard’ account. Once you have registered a profile, you will also have full access to your various vouchers bought so that you can manage your account properly.
The ‘myPLUS’ loyalty program allows you to accumulate reward points for the spending you make. These rewards are redeemable on purchases and spend in the future. There are also options to accumulate bonus points by logging into your account once a day or by subscribing to the monthly newsletter.
An added bonus option available through Paysafecard is the Paysafecard Mastercard, which will be posted to you after application. This is linked to your online account and allows you to spend accumulated voucher funds at all land-based retailers that garnish the Mastercard sign. With Paysafecard, all of your pre-paid spending needs are taken care of.
Disadvantages of Paysafecard casinos
1. No Withdrawals allowed
Currently, you are not able to withdraw funds from most online casinos with a Paysafecard option. It can only be used to deposit, which means that you will have to opt for a different banking method when wanting to cash out from any casino accepting Paysafecard.
2. No Gambling Permission for the USA
Although Paysafecard is available to US citizens, its services cannot be used to make deposits to online gambling facilities, due to regulations in the United States.
3. Only Available in Fixed Amounts
Unfortunately, you are only able to purchase Paysafecards in fixed amounts. These pre-selected amounts differ from currency to currency. This can prove unsatisfying for high rollers who prefer the freedom of super high limits.
Ease of use of Paysafecard
When using Paysafecard, there are a few bits of information that you are most likely going to want to know. Below we discuss some of the finer details involved in using the product.
Paysafecard comes with some boundaries and definitely does not promote unlimited spending, which can in one way limit the chance of dangerous spending at online casinos. There are two different schemes available if you have registered a ‘my Paysafecard’ account.
The standard scheme allows up to GBP 250 spend per transaction up to GBP 250 per month, whereas the unlimited scheme offers up to GBP 1800 per transaction, with a GBP 11,000 monthly cap. This may not be suitable for heavy spending high rollers but can prove quite adequate for the standard iGamer.
Thankfully, the costs involved in using Paysafecard services are very affordable. For the first year, there is no fee for your spending. After 12 months, if cash is still laying in the account, it will attract a small fee per month. Likewise, a fee of GBP 3 will be levied monthly on all accounts after one year for administration costs.
Europe seems to dominate the Paysafecard market, but there are several other countries where the services are available in the Americas and Asia, such as the USA, Canada, Mexico and Turkey. In total, 44 countries support the brand and offer the vouchers at certified retails throughout their countries. The card can then be charged in one of 5 currencies, including Euros, Pound Sterling, US Dollars, Swiss Francs, and Swedish Krone.
If you want to find out whether Paysafecard is available to you and where the nearest accredited retailer is, go to the official Paysafecard website and enter your location to find out.
If it's safety and speed you are after, and you do not mind withdrawing with another banking method, then Paysafecard is a great option to explore at top casinos. Why not choose a Paysafecard casino listed on this page, for quality of play with one of our trusted CasinoWow partners?