PaySafeCard has established itself as a convenient and above all, secure method to pay for online purchases. It provides people with flexibility and is exceptionally easy to use. Because of this, the card enjoys an ever-growing popularity among customers from different nationalities around the world.
It isn’t a bit surprising the card is extremely popular among online casino players and sports betting fans as it presents itself as one of the quickest and easiest ways to load money into your account at web-based sportsbooks. It functions as a prepaid voucher which makes it completely safe to use online as there is no need to reveal any sensitive personal or financial information when you use it. The PaySafeCard can be purchased at numerous retail shops, newspaper kiosks, gas stations and supermarkets. Even though this payment solution is based in Vienna, Austria, its strong presence on the international market is undeniable as it can be bought and used in nearly 50 countries around the world.
Find the best Paysafecard bookmakers here
How Does the PaySafeCard Work?
As was said above, this is a prepaid payment solution, which is convenient and easy to use. Needless to say, if punters wish to fund their sports betting accounts via PaySafeCard, they should first buy one at their local retail shop, newspaper stand or gas station. If you are struggling to find a shop where the card is sold, it is advisable to visit PaySafeCard’s official website and use the general sales guide to find the nearest location you can buy your card from. Please note, there is an online shop where PaySafeCard vouchers are sold as well.
The card comes in many different denominations – £10, £25, £50, £75 and £100. At PayPoint, you will be able to choose from several other denominations – £125, £150 and £175. Once you have paid in cash for one of these options, you will be given a voucher which closely resembles a regular receipt. The voucher has a 16-digit PIN, printed on top. Punters are expected to use and enter this PIN number whenever they are transferring funds from the prepaid card to their sports betting accounts. What is more, there is absolutely no need to connect the PaySafeCard to your bank account or credit/debit card, which makes it the safest way to process online payments of any kind.
However, the voucher has yet another advantage. It is possible to combine several PINs – in fact, you can combine up to ten cards’ PINs at one time. This option is more suitable for punters who wish to load more substantial sums of money into their accounts to place bigger bets with. In addition, combining the PINs will enable bettors to use the entire balance of their vouchers.
If you wish, you can register with a PaySafeCard account at the official website. The process takes minutes to complete and is free of charge. You will be asked to provide some personal information such as your name, street address, valid email address, phone number and date of birth. Opening an account is very handy as it will enable you to keep your PINs in one place and fund your betting account only with your PaySafeCard username and password. Besides, it allows you to have an overview of your finances and to control your expenses much better. There is no need to link the PaySafeCard account to your credit/debit card or bank account, so it is completely safe to use.
Deposits with PaySafeCard
Punters who have opted for PaySafeCard as their preferred method of depositing should simply log into their sports betting accounts and go to the Banking section. There, they should select the PaySafeCard as their method of deposit. Keep in mind, you should first register with an account at the PaySafeCard’s website in order to be able to complete the transaction. The email and name you have registered with at the online bookmaker’s page should coincide with those you have used to sign up at the payment solution’s website.
Why is this necessary? Registering at PaySafeCard’s website will enable punters to enter the PINs of the vouchers directly into their accounts and then use them to fund their betting accounts. Additionally, registration will help you keep track of all PINs you have topped your PaySafeCard account with.
The next step when depositing with the card involves specifying the amount you wish to transfer to your betting account. If you are not sure what your PaySafeCard balance is, log into your PaySafeCard account and check. Once you have specified the amount you want to deposit, enter your PaySafe username and password and confirm the transfer. It will be completed in an instant so you can start betting right away. It couldn’t possibly get any easier than this.
Withdrawals with PaySafeCard
Until recently withdrawing one’s winnings via PaySafeCard was not possible. Fortunately, this is no longer the case as this payment system has recently introduced a special Payout service. The latter allows online sportsbooks and gaming providers to transfer money back to punters who use PaySafeCard.
To request a withdrawal of their winnings to their PaySafeCard accounts, punters are required to simply provide the email address they have registered with. When the sportsbook processes the withdrawal, the winnings will instantaneously end up in your PaySafeCard account’s balance. You can use the balance to make another online payment or fund your sports betting account again. Those, who wish to cash out their money from the account can apply for a special PaySafeCard Mastercard and withdraw the winnings at the nearest ATM.
The good news is the company which provides this payment solution has developed a special PaySafeCard mobile application. This allows for even greater flexibility and better management of your sports betting finances. The application is compatible with popular portable devices such as those that run on Android and iOS. As you can probably suppose, the mobile app can be downloaded free of charge directly from the App Store or from the Google Play store. Interestingly, the app is compatible with smartwatches like those offered by Google Wear and Apple Watch.
The application provides punters with several useful functionalities. First of all, it allows them to quickly search for the nearest outlets where PaySafeCard vouchers are sold or accepted. Then again, it provides them with the opportunity to keep track of their expenses and see the remaining balance in their PaySafeCard accounts. Besides, the application makes it possible for punters to track all of their transactions and better control their expenses. Adding new 16-digit PINs to your PaySafeCard account is also an option when you are using the application.
Fees with PaySafeCard
Without question, PaySafeCard is one of the most affordable ways to fund your sports betting account as essentially no fees are imposed on the transactions. Many web-based bookmakers use this method of deposit and most of them don’t charge punters with additional fees for the transaction. Nevertheless, it all varies from one bookmaker to another. That is why, it is advisable to first become familiar with the sportsbook’s Terms and Conditions before you proceed to use the voucher as a deposit method.
However, punters who process transactions in another currency may be charged for currency conversion. The conversion fee amounts to 2% of the sum you have transferred. Also, if your PaySafeCard’s account remains inactive for a period of 12 months or more, you will be charged with an “inactivity fee” of €2 per month.
Please note, several fees apply to the PaySafeCard MasterCard we’ve mentioned earlier. The card is very convenient to use when you withdraw your sports betting winnings, but does not come free of charge. Topping the card will cost you 4% of the sum you wish to load into the MasterCard, but luckily this cannot exceed €1,00. If you withdraw your winnings via an ATM, the transaction will be charged with 3% fee (and €3,50 at least) of the sum you cash out. Apart from that, punters who have a PaySafeCard Mastercard are expected to pay an annual fee of €9,90.
Undoubtedly, PaySafeCard remains one of the safest methods of payment for online purchases. The same, of course, is valid for funding your betting account. Paying with PaySafeCard closely resembles paying in cash – you simply exchange your money for a given service or product and you are done. There is no need to share any of your personal details or banking information. Besides, this payment system is very well protected against scams and hackers as PaySafeCard employs various technical security mechanisms to protect its customers from identity thefts, misappropriation and other fraudulent activities.
Naturally, each and every punter should remember they must not reveal their PINs to thirds parties. If you have bought a voucher that is on paper, like a receipt, destroy it as soon as you have entered the 16-digit code. Those of you, who experience a certain degree of concern that a third party may have obtained their PINs or PaySafeCard username and password should immediately contact the payment system’s service team and request their account to be disabled.
Advantages of Using PaySafeCard
It definitely is not difficult to discern using PaySafeCard at online sportsbooks has many advantages. The first one is that the prepaid voucher allows for greater control over punters’ spendings. In some cases, enthusiastic sports fans are so bent on backing their favorite teams, they tend to neglect the possibility of losing a substantial sum in the process. Thanks to the prepaid voucher, no such risk exists.
Additionally, if you register with a PaySafe account at the official website, you will be able to keep a closer look on your expenses and check out your remaining balance. As you are practically using only the 16-digit PIN or your username and password to carry out the transactions to your sportsbook account, there is no need to worry about security. In fact, PaySafe is among the safest methods for online payments as the name itself suggests. You don’t need to disclose any banking information to third parties. The fees on PaySafeCard are also quite reasonable if you think about it.
Another advantage of using this method is that deposits are transferred instantly to your sports betting account and you can use them immediately. Moreover, most online sportsbooks list this as an available payment solution.
Disadvantages of Using PaySafeCard
As far as disadvantages are concerned, it is certainly difficult to think of one, when it comes to PaySafeCard. Some punters consider it a mild setback that they have to visit a land-based outlet, a newspaper kiosk or a gas station to obtain a voucher. Of course, it is possible to order a 16-digit PIN online, but those, who don’t want to reveal their personal and banking information, don’t like this option.
On the other hand, sports betting fans are frequently displeased by the fact, not many web-based bookmakers list PaySafeCard as a method of withdrawal. Though it is possible to transfer funds from your betting account to your PaySafeCard account, this is not a widespread practice at this point. Most online sportsbooks use bank wire transfers in such cases or ask punters to select another withdrawal option.
Countries Where PaySafeCard is Used for Sports Betting
Despite the aforementioned minor inconveniences, PaySafeCard remains one of the most popular methods to fund one’s sports betting account. The first reason is that many web-based sportsbooks accept it as a method of deposit at least. PaySafeCard’s security additionally contributes to its popularity among punters from different countries and nationalities.
At this point, PaySafeCard is available in a total of 48 countries throughout the globe – 35 countries in Europe, 7 in South and North America, 4 in the Middle East, plus 2 in Oceania (Australia and New Zealand, respectively). The card can be used as a method of payment in over 240,000 outlets, located in the aforementioned 48 countries. 20,000 of those are located on the territory of the UK alone.
Of course, whether or not you will be able to use it for sports betting purposes largely depends on the laws of the country you reside in. In some jurisdictions, wagering on the outcome of sports events is permitted only at brick-and-mortar bookmakers, while online betting is deemed an illegal activity. That is why, before you buy a PaySafe voucher and attempt to fund your sports betting account, you should make sure this is legal in your country. This means that punters from the United States and Turkey, for example, will not be able to use the voucher for online sports betting purposes.
Meanwhile, in certain countries web sports betting is not considered illegal, but PaySafeCard is simply not available in these locations. One such country is Spain, for instance. Punters, who wish to see whether this payment option is available in their country should head to PaySafeCard’s official website, where they will be able to find an extensive list of all countries where this payment solution is offered. Keep in mind, the list is often updated, so even if your country is not present at the moment, there is a good chance it would be included in the near future.