Paysafe Casinos

About Paysafe

You won’t require credit cards, debit cards, or bank accounts to use paysafecard. All you need to do is enter the 16-digit code on the casino website’s payment or banking section to make your deposit. This payment method is a quicker and easier way of depositing funds into your casino account.

You’ll come across many casinos that accept paysafecard as one of their payment methods. Most of them also offer attractive bonuses and promotional offers for the users of this digital payment system.

The journey of paysafecard began in Austria in 2000 with Michael Altrichter, Armin Sageder, Reinhard Eilmsteiner, and Michael Muller. This group of four with Sageder as the CEO intended to create ‘cash for the internet’ in the form of paysafecard. A year after the company was founded, it also launched its operations in Germany.

Soon, paysafecard was made available as an e-voucher in addition to the physical card. In 2003, Eilmsteiner and Sageder left the company and Michael Muller became the CEO. The next year, paysafecard was also available as an online payment solution. Between the years 2005 and 2007, the company expanded further in Europe, covering Spain, Greece, United Kingdom, Slovenia, and Slovakia.

In 2015, paysafecard became a part of Optimal Payments, which was later rebranded as Paysafe Group. It currently operates in more than 40 countries covering most of Europe, Australia, Western Asia, New Zealand, North America, and South America.

Pros and Cons of using Paysafe in online casinos

As paysafecard is a type of prepaid voucher, anyone can sign up on a casino website and make their deposit instantly. However, you’ll need to find a shop, store, or a retail outlet nearby. This is only possible if you reside in a country where paysafecard services are available. There are retail outlets that sell paysafecard vouchers in most European countries.

If you reside in the United Kingdom, you can locate a store with a ‘Pay Point’ or ‘Pay Zone’ sign outside it. These are the stores that would usually sell paysafecard’s prepaid vouchers. Some places in Spain also have vending machines that can be used to purchase the paysafecard vouchers. Now let’s take a look at the pros and cons of this online payment system:

Pros:

• Your sensitive data is not shared on the casino websites
• Depositing funds into your casino account is quick and easy
• It is extremely useful for controlling your spends in online casinos
• Paysafecard is widely available as a payment method on the casino sites

Cons:

• You can only make deposits of lesser amounts
• It is not available in many countries of the world
• The withdrawal process requires an account with paysafecard

How does Paysafe compare to other payment methods?

Prepaid vouchers, such as Neosurf and paysafecard have become popular deposit options in online casinos today. It is largely due to their ease of use and the kind of anonymity and privacy that they offer. Players can easily purchase them from their nearest store or a reliable website that offers them for sale.

While using your paysafecard voucher for deposits, you don’t need to enter your personal details. This is not possible in case of bank wire transfers and credit or debit cards. Besides, you’ll need to open a bank account for making a transfer. You’ll need to apply for a debit or credit card before you can get one and start using it for online transactions.

In case of paysafecard vouchers, you don’t need to go through such processes. You can make instant deposits and withdrawals using cryptocurrencies, but they are subject to transaction fees and local taxes. Such fees and taxes can be avoided by using paysafecard as your payment method.

Paysafe Fees

You’ll incur little or no fees if you use paysafecard as your preferred payment method in the online casinos. For most part, it is free on the user’s end. You’ll not be charged anything when creating a PIN for your voucher. Users of paysafecard don’t have to pay any commissions. So, the amount you pay for your prepaid voucher is what you’ll get to use for your online transactions.

The only fee you’ll incur on paysafecard vouchers is the one charged by the online casino on the transactions made on the website. This percentage might vary depending on the casino you’ve chosen for playing your favorite games. Often, it might go as high as 5 percent.

It is, therefore, extremely necessary that you read the terms and conditions on the casino website with regards to fees. You might also be charged a certain percentage on the transaction if you’re making payments in a foreign currency.

How to use Paysafe for online casino deposits

You can make fast and easy deposits on the casino websites using paysafecard. For this, you’ll first need to get your prepaid voucher from your nearest store. The paysafecard website has an interactive map that would help you find a store closest to your location. Once you get to the store, you’ll need to get a prepaid card of a certain amount.

After getting your voucher, you can use it to deposit funds into your online casino account within a few seconds. This is done by heading to the payments or cashier or banking section of the website. Once you’re on the payments page, enter the amount you want to deposit. Before making the deposit, confirm the online casino’s minimum deposit requirements.

The next step would be to enter the 16-digit PIN of your voucher as soon as you’re redirected to paysafecard. Then tap on ‘pay’. The online casino will accept the deposit if you’ve got the required amount of funds on your prepaid voucher.

How Paysafe can be used for withdrawals in online casinos

Many individuals belive that paysafecard vouchers can be used only for making deposits in the online casinos. In fact, you can use your prepaid voucher to withdraw your winnings as well. The ‘Payout’ feature of paysafecard allows you to withdraw funds using the ATM option.

However, this is possible only if you have a paysafe account. It must also be kept in mind that you can only withdraw a certain amount every month if you have a standard account. Unlimited accounts enjoy a higher withdrawal limit per transaction.

To withdraw your winnings, go to the payments section of the casino website and select the option to withdraw. From the set of options, choose paysafecard. Enter the amount you want to withdraw. You’ll need to log in to your account on the paysafecard website and go to the ATM option to withdraw your winnings.

How secure is Paysafe?

Paysafe card has always been a secure and reliable payment method in the online casinos. This is because you’re not required to enter any of your personal information during the transactions. When it comes to the other payment methods, you’ll need to provide some form of identification.

As paysafecard uses the system of prepaid vouchers, which can be purchased using cash from the store where they’re available. Even when you enter your voucher’s 16-digit PIN during a transaction, you’re not asked any personal information.

If you happen to lose this 16-digit PIN, you can freeze your balance and request a new PIN from paysafecard. As they’re prepaid, the players can only use the amount for which it has been paid for. This helps problem gamblers immensely in controlling their spends on the casino websites.