PaySafeCard works as a prepaid banking option for anyone who wants to get money onto online casinos. PaySafeCard is easy to use, safe but does have a few limitations. The service started its operation in 2000, and today is one of the most popular prepaid deposit methods for European players at online casinos.
PaySafeCard was recently bought out by Skrill, so expect to see a collaboration in the near future.
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How PaySafeCard Works
Much like Ukash, PaySafeCard is a prepaid voucher which can be purchased at various retail stores. Each country has their own prepaid amount limits. For example anyone living in the UK can only purchase PaySafeCard vouchers in £10, £25, £50 or £75 increments.
If you wish to make a deposit of £500 you will need to purchase multiple PaySafeCard vouchers. At this moment in time UK players can combine a total of 10 PaySafeCard voucher cards.
Depositing at online casinos using PaySafeCard
Using PaySafeCard at online casinos is super easy. Select the PaySafeCard deposit option and enter in your voucher number. It is as simple as that.
All deposits made using PaySafeCard are instant and there are no fees.
If you opt to get the PaySafeCard MasterCard you can top the card up with a certain amount of money and use that to deposit at online casinos. You cannot use the PaySafeCard MasterCard to withdraw your winnings. Their MasterCard service is beneficial to use at online casinos that may not offer the PaySafeCard payment option but accept MasterCard.
Withdrawing using PaySafeCard
PaySafeCard is a prepaid voucher system and withdrawing funds back onto the voucher is not an option. Once you purchase a PaySafeCard voucher and make the deposit and use up all the value, you cannot use it again.
However online casinos do allow you to withdraw any winnings via other methods such as Visa, Skrill, PayPal or bank transfer. Please note that you may need to send details to verify the payment method you are withdrawing your funds into.
Pros and cons of using PaySafeCard
Using PaySafeCard has many advantages, they include:
It’s secure– As PaySafeCard is a prepaid system there is no chance of fraud. You aren’t required to enter in any banking details during your deposit. Just keep your PaySafeCard voucher safe and don’t show anyone else the number.
Owned by Skrill – PaySafeCard were recently bought out by Skrill. No plans about a future collaboration have been mentioned but we expect both payment methods to merge together offering you even greater flexibility.
No fees – Buying PaySafeCard vouchers and using them to deposit at online casinos have no fees. If you buy a voucher for £75 you pay only £75.
PaySafeCard MasterCard – For a small fee you can opt to get a PaySafeCard MasterCard which you can use like any regular card. As mentioned earlier, you cannot use the PaySafeCard MasterCard to withdraw too.
Responsible gambling – To deposit using PaySafeCard you must leave your home and visit a retail store. If you get unlucky and run out of funds you cannot instantly deposit again using PaySafeCard. This ensures you gamble much more responsibly.
Maintenance costs – While PaySafeCards don’t expire like Ukash vouchers, they do have maintenance costs. Each year £2 is deducted from the value of the voucher until it has been used up.
Withdrawing – One of the biggest disadvantages with PaySafeCard is withdrawing funds. You cannot withdraw using PaySafeCard and must use another payment method. This can slow down the withdrawal times if you don’t have a backup method ready.
Inconvenience – Sometimes you don’t want to drive to your local retail store and print off a voucher to play at online casinos. The maximum value of a PaySafeCard is only £75, not making it the best choice for high rollers. You will need to buy several PaySafeCard vouchers if you want to deposit large sums of money
PaySafeCard may not be suitable for high rollers but is the perfect option for people who want to gamble sensibly and not risk too much. The voucher option amounts are quite small and you can still have fun without betting too much.
If you are looking forPaySafeCard friendly online casinos, all casinos listed in this article accept PaySafeCard as a means to deposit and play for real money.