Because you often see it listed with other payment options at online casinos, you might automatically think Paysafecard is an e-wallet. That is not so! Paysafecard is a prepaid solution.
Such solutions are great for people who want to keep an eye on their data. Especially financial data is so sensitive that you might not want to save it with an ever-increasing number of different providers. It’s also a good way to stick to your budget. Simply buy a Paysafecard of a certain value and use it up.
Both for reasons of privacy and responsible gaming, Paysafecard, founded in the UK, has become a popular payment method at online casinos.
Keep reading to find out the best casinos for Paysafecard, as well as the pros, cons, and everything else you need to know!
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Using Paysafecard as a deposit method
To use a Paysafecard as a deposit method, you have to buy one first. Available at over 60.000 outlets worldwide, you can simply select the amount you need and take the card home.
If you buy a Paysafecard in a brick and mortar shop like a supermarket, you can pick it up wherever they have prepaid cards. They will likely be sold near the cashier, where you can also find prepaid cards for gaming, music and more.
Selected online retailers also sell Paysafecards. If you have a preferred website that sells prepaid balances, chances are Paysafecard is among them.
Paysafecards are available in fixed values from £10 to £100. As with any other prepaid service, you get a code on the back of the card which you can immediately redeem at the outlet of your choice.
Paysafecard deposit step by step
If you select Paysafecard from one of the possible deposit options at your online casino, you will be redirected to Paysafecard. This works the same way as if you were using an e-wallet. From there you only have to enter the 16-digit code on the back of your card. The card value will immediately appear in your online casino account.
If buying an individual card each time is too much of a hassle for you, you can also sign up for “My Paysafecard”. May Paysafecard is an account solution from which you can manage your individual Paysafecard codes. By transferring several card codes to My Paysafecard, you can build an online balance to pay with. This is especially useful if you want to purchase Paysafecard of a certain amount but not use it all at once.
If you have a My Paysafecard account, you can log in and pay with a username and password instead of entering the 16-digit code when you deposit at your casino.
Using Paysafecard as a withdrawal method
Paysafecard is a one-time payment solution. It doesn’t function like an account you can pay money into. That’s why until recently you couldn’t use it as a withdrawal method. Selected UK online casinos do offer for you to use My Paysafecard accounts for withdrawals.
How fast are Paysafecard withdrawals?
If you can find a casino that does accept Paysafecard Withdrawals, likely marked with the “My Paysafecard” logo, the process is very quick.
It doesn’t take longer than your regular e-wallet, meaning that you will receive the money instantly, at most within several hours.
Paysafecard withdrawal step by step
To withdraw money using Paysafecard at a casino offering this option:
- Navigate to your casino account
- Select the withdrawal option
- Select Paysafecard
- Enter the email address you use for your My Paysafecard account
- Select the amount you would like to withdraw
- Click the ‘withdraw’ button
Pros and cons of using Paysafecard
Paysafecards are easy to use and very secure, but in order to use them, you have to buy one very time. To do that, you have to potentially go out every time. Online gambling is about convenience in many aspects, and Paysafecards are… not. Still, when it comes to protecting your privacy, a prepaid option like this is nearly unbeatable, which makes it just as difficult in case anything goes wrong.
- Enables anonymous payments
- Easy to use
- Full control over your spending due to the limited funds on each card
- No way to track your spending without an account
- Limits on deposits/withdrawals too low for high rollers
- Funds must be purchased in store of with an online service each time, which can take a bit of time
Paysafecard payments for UK gamblers
Paysafecard is an UK company. As such you shouldn’t have a problem finding outlets that sell the cards. Any good supermarket and many newsagents will sell them to you and charge them with the amount of money you need.
Like with any other payment method, a conversion fee will apply to your Paysafecard funds if you play at a casino that doesn’t accept GBP. Generally, however, the chance of fees applying to Paysafecard transactions at casinos is a lot lower than for example debit cards.
One drawback for high rollers are the maximum deposit and withdrawal limits when using Paysafecard. A My Paysafecard account only allows you to store £5000 at a time. You can also only make payments of £1000 at a time by accumulating Paysafecards or using my Paysafecard.
Several big UK casino brands offer Paysafecard as a deposit method, we have listed some for you.
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The probably biggest advantage of Paysafecard is its safety. Usually, when you use any method to deposit funds to your casino account, a lot of your private data is involved. Credit card numbers, payment methods linked to your billing address, online casino charges appearing on your statements.
With Paysafecard, you can achieve the one thing that’s become so very elusive on the internet – basic anonymity. Your personal payment information isn’t involved at all, meaning that you can pay in whatever amount you like and no third party gets involved in the transaction.
This is true for both Paysafecard and its My Paysafecard service. This means there is a certain degree of safety to these transactions since basically all you have to do is not lose the code on your Paysafecard. If something goes wrong, you can easily trace an error back to either Paysafecard or your casino.
Paysafecard vs. Zimpler for online players
Zimpler also works based on the idea that you shouldn’t need an account and complicated verification methods to make online payments. The only mildly annoying thing about Paysafecard is how you need to buy a new card each time you want funds. Zimpler only gets involved when you want to make a payment by directing you to an online service that handles and tracks it for you using your phone. It’s comparable to Paysafecard because it comes with an option to limit your budget. It allows you to remain anonymous in a similar fashion to Paysafecard, while eliminating the potential hassle that comes with buying cards each time.
Alternative payment methods to Paysafecard
Looking for an alternative to Paysafecard, you may be looking for something that allows you to make deposits and withdrawals. Most online casinos only accept Paysafecard for deposits. You will likely also want higher withdrawal and deposit limits.
While e-wallets such as Skrill and Neteller are less private, but they offer deposit and withdrawals at decent limits. You can contact a customer service in case you have questions and sometimes even profit from exclusive offers.