Paysafecard

Players can make fast, reliable payments at many online casinos using a Paysafecard. To purchase the voucher, go to a retailer to buy a prepaid card containing a 16-digit PIN code. Alternatively, bettors can purchase these cards also online and then use the code to make payments in sportsbooks that accept this payment method.

Anonymity is thus guaranteed as there is no need to share bank details, and the payment method is also highly convenient. Indeed, it makes bankroll management much more straightforward, keeps fees low, and allows players to make instant deposits safely and securely.

Today, the service supports 23 currencies and is present in 43 countries. The Paysafecard deposit option is the world's first and only pre-payment voucher system.

Online Sportsbooks And Paysafecard - Overview

The company launched Austria in 2000 as an online banking solution for the European market, allowing players to store and top up money on a prepaid card. While allowing users to fund their accounts quickly and anonymously, this option is most frequently associated with gambling sites. As more countries started offering legal online gambling, the need for a quick and easy way to fund accounts rose.

Paysafecard betting is a popular option among all top-tier online casinos and sportsbooks, including Bet365, Betvictor, Coral, William Hill, Paddy Power, 888sport, and Betfair, for example.

All gamblers require is to purchase a 16-digit PIN code, which is available at over 600,000 retailers in over 40 countries. Afterward, bettors can enter the PIN when they want to top up their sportsbook, then input their location into the search bar, so the website displays all the retailers in their area.

While punters can use Paysafecard to fund almost any account, it cannot be used to make withdrawals. Prepaid cards come in denominations of 10, 30, 50, 100, 150, and 250. Indeed, US dollars, GBP, and euros are among the currencies on offer. Overall, it is a budget-friendly option that gives bettors control over their spending while allowing players to keep all their codes in one place.

Deposits and withdrawals using Paysafecard

Funding their accounts to use this payment method is a simple process for bettors. The deposits are instant, and bettors can start wagering on their favorite sports immediately without needing an e-wallet or credit card. They can even download a mobile app, which allows instant payment across thousands of sites.

However, Paysafecard's policy does not allow withdrawals. Therefore, players will need to find alternative methods.

While it is an inexpensive payment method, there are some fees that bettors should be aware of. If bettors do not use all the funds in their voucher within 13 months (or longer, depending on their country of residence), they will be charged a $2 or currency equivalent maintenance fee. While requesting a refund, the operator will assess a fee of $7.50.

There are also conversion costs for making sportsbook deposits in a currency that differs from the one on their voucher. The annual fee for a Paysafecard is €9.90 or its equivalent, and funds uploaded to the card will incur a 4% fee. When cardholders make an ATM withdrawal, they pay a 3% fee, while foreign currency payments require a 2% fee.

How to deposit with Paysafecard

NetBanking can be used to transfer funds to a Paysafecard. So, follow these steps to fund an online casino account.

1. Select Paysafecard as the preferred deposit method.

2. Players must specify the amount they want to deposit and confirm the transaction.

3. On purchasing the card, players are requested to enter the 16-digit pin to confirm their identity. The payment is available on the bettors' online casino account, with instant processing times.

The entire procedure will take only a few minutes. Bettors can use multiple PaysafeCards to make large deposits, and you can also check the Paysafecard website for more guidelines regarding depositing money to online sportsbooks.

Safety and trustworthiness

One of the advantages of using this payment method is the high level of security it provides. The Paysafecard payment process does not require any credit/debit card or bank account information, making it one of the safest options. This approach eliminates the risk of exposing sensitive data to the website where they bet.

While players must be careful not to share their PINs with anyone, Paysafecard has taken steps to avoid fraud. It also protects PINs from being hacked, and there is no way for anyone to hack a bettor's PINs or change the amount charged on their Paysafecard's vouchers.

The operator also warns customers about scams, so bettors know the risks of disclosing their account information or PINs. It also takes precautions to protect the information that users share, ensuring the protection of sensitive data and that third parties cannot access it.

Pros

• Straightforward online payments: Players are not required to provide personal details. Therefore, it's one of the easiest ways to pay online.

• Safety and security: Cardholders do not have to disclose their banking information to casinos.

• Free mobile app: Through the application, customers can check the closest location where they can buy the voucher. They can also check their balances.

Cons

• Withdrawals: The service only allows bettors to top up their betting accounts. To withdraw winnings, they will need to find alternative payment methods.

• In-store purchases: Bettors must physically visit a store to buy a voucher before making any deposits.

• Not accepted everywhere: Paysafecard is only available in 50 countries. While being quite popular in the Nordic countries, such as Finland and Sweden, many bettors from the US, for example, can't make deposits with this method.

Final verdict - Betting with Paysafecard

Thousands of websites across the globe accept Paysafecard. It's one of the most widely accepted payment methods, giving bettors the option of a simple, safe, and quick way to top up their accounts and begin betting immediately.

The PINs are easy to obtain, and the deposit process requires no information about a bettor's bank account or credit/debit cards, making it one of the safest methods on the market. Bettors can remain anonymous while making deposits with sportsbooks. For added convenience, the company also offers a mobile app that allows bettors to scan QR codes for vouchers, check their current balance, and keep track of their money.

Overall, Paysafecard is a safe and secure way to make online payments. However, this payment method isn't the only option on the market, and considering the company does not allow withdrawals, it is one aspect that requires attention.