Those who are familiar with performing financial transactions with internet bookmakers, casinos, or other online merchants have likely seen Paysafecard as a payment option.
Paysafecard was established in 2000 in Vienna and has grown to become one of the world’s leading secure prepaid payment methods.
Customers can use their Paysafecard to pay for a wide range of goods and services that are offered online and on land.
This payment method is accepted in 43 countries around the world including Kuwait and Saudi Arabia.
Paysafecard works a little differently than credit cards and eWallets. Customers load these cards at pre-sales points such as gas stations, post offices, and drug stores.
Paysafecard may also be loaded online in some countries. Customers are given a unique 16-digit PIN which they then enter in the payment form at the merchant’s cashier.
So, if you pay $100 to load your Paysafecard you will be given a 16-digit PIN. Let’s say you find a Paysafecard bookmaker and use the Paysafecard to deposit $50 into your account.
You would enter the 16-digit PIN into the payment window. Think of it as if you were handing the cashier a $100 bill. You would then be due change.
In this case, you would receive $50 in change that would come in the form of a new 16-digit PIN which you can proceed to use at another Paysafecard merchant.
This payment method is used to make over 10 million transactions each year.
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How and why should you use Paysafecard for Sports Betting?
First off, to use this secure payment method you must first register for an account by going to www.paysafecard.com. It is free to open an account and it takes just a couple of minutes. After successfully opening an account you need to click on the banking area and link a bank account, credit card, or any other acceptable payment platform to your Paysafecard account.
Options depend on which country you are from. Once Paysafecard is linked to a payment method you just need to follow the posted instructions to transfer funds there. After the transaction is complete you will be given a 16-digit PIN which should be kept secure. Paysafecard may also be purchased at over 500,000 land-based retailers.
This is a recommended payment method because it is fast, easy, safe and secure. No private information such as bank account or credit card details need to be entered when performing a transaction. The method is also accepted by most of the top-rated bookies on the planet which gives customers a wide array of choices when it comes to choosing a Paysafecard bookmaker.
Is it Safe to use Paysafecard for Online Sports Betting?
Paysafecard is a very safe payment method and bookmakers accepting Paysafecard will usually credit your betting account instantly. Paysafecard products meet the highest security standards which are continually being improved upon by their dedicated security team. Check out the security brochure for further information.
Also remember that customers must take certain steps to protect themselves. Users are advised to treat their PINs like cash. Keep this information private and secure and never give out this information over the telephone. More personal security tips can be found here.
Are there Paysafecard Fees for Deposits and Withdrawals at Online Sportsbooks?
Paysafecard does not charge any fees for deposits at online bookmakers. Some betting sites will apply fees to some deposits but these aren’t levied by Paysafecard. Be sure to check with your Paysafecard accepting bookmaker to see if any fees apply to your transactions.
It should be noted that fees may apply to loading your Paysafecard depending on your country of residence and method of funding. Check out their terms and conditions to find out if any fees apply to you.
What about fees on withdrawals? This is one of the drawbacks to using Paysafecard. Sportsbooks do not process withdrawals with this provider.
How to Make Deposits and Withdrawals using Paysafecard?
Depositing at a Paysafecard-friendly bookmaker is easy and usually instant. Simply sign into your sportsbook account and choose the “Deposit” option. Select “Paysafecard” when prompted for a payment method and enter your 16-digit PIN in the appropriate box.
When the deposit is complete you should immediately see a betting balance. Print the confirmation and retain for your own records. If you have funds left over then you can login to your online account to retrieve a new 16-digit PIN.
As mentioned already, Paysafecard-friendly bookmakers do not process withdrawals with this method. Those who use this method to deposit must find an alternative way of cashing out from their sportsbook.
What are the Best Betting Sites that Accept Paysafecard?
Many of the world’s most trusted online bookmakers accept Paysafecard. Industry giants such as Unibet, Marathonbet, and Sportingbet accept this payment method as do William Hill, BetVictor, and Vernons.
You can also use this payment option at Stan James as well as at Ladbrokes, 888, Intertops, and Boyle Sports. Check the sortable bookmaker database at Gamblingjudge.com to find yourself a respected online sportsbook that accepts Paysafecard.
Is Paysafecard Good for Betting Bonuses? What are the Best Paysafecard Betting Bonuses?
Paysafecard deposits are eligible for welcome bonuses ranging from €20 at Paddy Power and Betsafe to the €200 bonuses that are offered at 10Bet and Bet at Home. There are many bonuses available to Paysafecard users which can be found in the promotions section at Gamblingjudge.com.
Are Some Countries Banned from Using Paysafecard?
Paysafecard is accepted in 43 countries which means that many countries are prohibited from using this product. You can refer to the Location/Country locator to see what countries can use this payment method.
Can Paysafecard be used for Sports Betting in the UK?
Yes. Paysafecard may be used by UK residents and many excellent UK bookies accept it as a payment option. Refer to Gamblingjudge.com’s bookmaker database to find out which bookmakers accept this payment method.
What are the Advantages and Disadvantages of using Paysafecard?
Paysafecard is accepted by thousands of online businesses around the world including many leading sportsbooks. This means that users have a great selection to choose from. It is a safe and secure option provided that you keep your 16-digit PIN secure. Paysafecard security meets or exceeds international standards.
The biggest downside to using Paysafecard for sports betting is that users are unable to use this method to withdraw from their betting accounts. The security team is very thorough and using a VPN or logging in from another country will likely get their attention which will likely result in your account being frozen.
These problems can be solved by contacting customer service at email@example.com or by using the “Contact Us” link at their website. You can also call them at 020 7326 7088 ext. 7087.
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