10.1 How to Get Set Up with paysafecard
paysafecard is similar to a pre-paid credit card, with the caveat that it’s not tied to a bank account.
In order to get set up, you’ll need first to apply for an account using your personal details and verify the account. Once this is complete, you can design your card and order it for an £8 fee. You’ll also need to upload your photo identification and wait for a confirmation email, followed by a period of 7-10 working days for your card to be delivered.
From there, you’ll need to activate your card with your online account using details from the card, and request your PIN number for offline payments. After this, you’re ready to top up your card through your account and start making payments.
10.2 How to Get Set Up for Online Gambling with paysafecard
When making deposits into an online casino, paysafecard works much the same as most other e-wallets. When selecting the options for deposit, choose paysafecard (or “e-wallets”, and then paysafecard) and choose the amount you wish to deposit.
It is worth bearing in mind, however, that players are unable to make withdrawals of any kind from an online casino into the paysafecard account – you’ll have to use a different payment method to collect your winnings.
10.3 Advantages and Disadvantages of paysafecard
paysafecard in a Nutshell
- Anonymous payments
- Fast processing times
- Limits on withdrawals
What are the Advantages of paysafecard?
paysafecard’s primary advantage is in its name – safety. You’re able to make deposits without sharing your bank or credit card details, increasing both anonymity and the safety of your information, both online and from your bank statements. And for those who don’t have a bank account, it’s possible to purchase vouchers for the card, at which point you don’t have to provide any personal financial information at any stage if you want to avoid it.
The company holds licenses in a number of different countries across Europe, including from the FCA in Britain, meaning that it meets international standards for the safety of its online data.
Cost-wise, paysafecard is fee-free when making gaming site deposits. Unlike with regular credit cards, you’ll always receive the full value of your payments when paying a betting site.
What are the Disadvantages of paysafecard?
paysafecard isn’t completely free. After one year of use, there’s a small monthly service fee – as well as the initial £8 sign-up fee when applying for the card. This can put off those looking to use it long-term as other options involve fewer costs, and is certainly something you should be aware of before looking into the card.
But the primary disadvantage of using paysafecard is that it is not eligible for receiving withdrawals from online casino sites. This means that to receive any winnings, you will have to use a separate payment method, which may affect whether you wish to use the card.