Paysafecard Casinos

A Brief Overview

Paysafecard was founded in the year 2000 in Austria. Since its launch, the company has expanded from a simple voucher system. Paysafecard now boasts global distribution and use within online and land-based casinos. In 2018 it reached a significant milestone. The service became accessible for customers in 40 countries, and absorbing competitors like Ukash. 

Buyers can use Paysafecard to pay for a variety of goods and services on the internet. You can use Paysafecard for online gaming, telecommunications, music, and social media. 

The company has gained such a positive reputation that you can find Paysafecard as a payment option in many casinos. These include some of the industry’s biggest names. Due to its prepay nature, withdrawals are not possible. 

Between 2013 and 2015, Paysafecard was recognized by famous digital wallet provider Skrill. They then acquired Paysafecard, bringing it into the Optimal payments Group. Joining the group allowed Paysafecard to become regulated by the United Kingdom as part of the Prepaid Services Company Ltd.

Paysafecard Casino Advantages

Using Paysafecard as your chosen method for deposits has many benefits. The first of which is bankroll management. One of the biggest reasons why Paysafecard gets commended for its service. Customers can only spend what they have due to the prepaid nature of its system. 

To deposit using Paysafecard, players must have the physical cash to purchase the voucher, or move the money to load their account. This enables safer management of funds and helps to determine responsible gambling behaviors. 

Another reason why many are choosing Paysafecard over other services is anonymity. Even if you opt to use a Paysafecard, Mastercard, or the online account, Paysafecard uses strict encryption software.

Paysafecard also supports a wide range of currencies. These include EUR, USD, AUD, KWD, PEN, CWK, and many more. The total amount almost matches the coverage of countries the method is accessible in.

Is Paysafecard Safe to Use? 

The Paysafecard depositing system keeps your details and transactions out of the limelight. It is not necessary when using this method to share any sensitive data or banking details. This means that third party interference or malpractice is avoided entirely.

Like many other prepaid services, Paysafecard has had its fair share of security issues. These are mainly from people attempting to scam the system. For example, in Germany (2010), the company received criticism for its anonymous service. Criminals were abusing the system using stolen credit cards. As a result, a new money laundering law was passed in 2012. The law required anyone using anonymous prepaid services to undergo identification checks if they spend over €100 a month. 

Another security issue to watch out for is phishing tactics. These scam artists will mimic official websites and lure you into inputting your PIN. Their aim is to acquire the funds for themselves. It’s crucial you only enter your Paysafecard casino PIN into a legal and licensed online casino. If you’re not sure if the site is secure then look for the padlock encryption symbol in your search bar.

Deposit and Withdrawal Times

The depositing process using Paysafecard for casinos is instantaneous. You can expect seamless delivery of funds into your casino account. It can not yet be used to withdraw funds. Therefore, you must register a different withdrawal method on your online casino account.

Paysafecard’s Licensing

Paysafecard is regulated under UK licensing. They govern its operations across the EU as part of the Prepaid Services Company Ltd. The firm has received an e-money license from the British Financial Services Authority. Also, Paysafecard holds a Switz license for financial intermediaries. 

What are the Disadvantages of Paysafecard?

Paysafecard has a significant number of advantages for users. Still, it also has a few disadvantages.

The payment method lacks in online partners compared to other popular services. Some customers may be disappointed that their online casino does not support Paysafecard. The options for Paysafecard casinos differ widely depending on your geolocation. The UK and Europe, for obvious reasons, are the most popular.

Another frustration that many online casino players share is the PIN system. Online casino players must specify which voucher they want to draw the funds from. The funds are taken from the oldest active voucher if you load your Paysafecard account with several PINS at a time. At online casinos, this isn’t the case. This can make funds hard to keep a track of.

Paysafecard Casino Fees

Online casino players will have to pay a fee for several occurrences. The first instance is when you convert money through the service. 

You will also experience a $3 fee when using vouchers called ‘maintenance fees’. This fee is only applicable after the 13th month. Alternately, another $5 fee will be charged if your Paysafecard casino account is not active for 12 months. Online retailers may also charge a $6 fee for and refunds.

Overall Conclusion 

Overall, Paysafecard is an excellent option for anyone that takes bankroll management seriously. The service protects your identity and banking details, making it one of the most secure services available.

If buying vouchers seems like too much of a hassle, then there are other ways of using the service. Each option requires different levels of information sharing. Paysafecard also offers its clients around the clock customer care to support you. Because of this dedication to customer satisfaction and security, the company has gained attention from other big named providers. Over the years, the company has made impressive partnerships throughout the industry. 

It has not reached its ultimate goal of being a household service like Visa or Mastercard. Paysafecard is, though, well on the way to becoming a must-have payment option for ecommerce and online casino operators.