PaysafeCard is an online payment service popular with online gambling transactions and this is thanks to its ease of use. PaysafeCard has become one of the most commonly used payment services when it comes to playing online slots and live casino games and signing up for the service requires no credit or debit card, neither does it require a bank account. The pre-paid service is accepted in more than 650,000 sales outlets worldwide and is a subsidiary of Paysafe Holdings UK Limited.
Paying with this service is similar to paying with cash; buy your PaysafeCard PIN at any of the 650,000+ retailers worldwide in denominations of 10, 25, 50, 75 or 100 or if you’re using a PayPoint to make your purchase, vouchers will be available up to 175. Naturally, if you wish to purchase more than this, you can buy more than one voucher. The next step is to pay with the voucher by inserting the 16-digit PIN into the online cashier and you’re done.
Why PaysafeCard?
This payment service is popular as it allows users to remain anonymous; there are no details to divulge such as your name, bank account or email address and there is even a service that allows you to pay via MasterCard – the prepaid card that acts like a credit card, only you’ll need to top up the card from your online PaysafeCard account to use it.
Whether you use a mobile, tablet or desktop computer to play online casino games, PaysafeCard can be used in a flash. If you’re using a voucher which you purchased from a retailer or your MasterCard equivalent, make your way to the cashier at your chosen casino, select PaysafeCard as your preferred payment type and insert the 16-digit code into the box on your screen to complete your transaction or if you already have an online account with PaysafeCard, you can log in and spend money from your online wallet online.
To make a withdrawal via PaysafeCard, you will need an online account with them – it’s free and takes a few minutes to complete. The funds can be used online again or can be withdrawn from any ATM with the PaysafeCard MasterCard. Head to the banking section of your online casino and navigate your way to the withdraw option. Choose the PaysafeCard option and enter the email address associated with your PaysafeCard account. Enter the amount you wish to withdraw and the cashing out process will be actioned instantly.
There are no fees associated with cashing out, although there is a 3.00 fee deducted from your remaining balance on the 13th of each month. There could be a conversion fee when transferring into foreign currency, refunds come with a fee of 6.00 and if your account is inactive for a period of 12-months, that maintenance fee doubles to 6.00.
The processing of withdrawals is usually instant, although the time it takes will ultimately depend on the operator in which you are cashing out from. The minimum withdrawal amount is 0.01 and the minimum deposit is £5 at most establishments. Processing withdrawals can be as short as a couple of hours but as long as a few working days.
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