Using Paysafecard at online casinos

PaysafeCard Payment Method

Paysafecard was established in 2000 in Austria as a “cash for the internet” platform. As the name of the company suggests, allowing users to pay safely and securely is of utmost importance to the payment service provider. More importantly, unlike paying with your credit/ debit cards or e-wallets, Paysafecard offers total anonymity which is why it’s become so popular with punters playing online. You purchase a voucher with a unique PIN code at a shop with cash or other payment methods, then make deposits at your chosen online casino with the Paysafe code.

With the widespread popularity of Paysafecard casino sites, it’s only fair that our experts at WhichBingo evaluate this payment system and tell you both the advantages and disadvantages you get when you pay by Paysafecard. In addition, we also recommend which are the best casinos that accept Paysafecard where you can be assured of getting the finest selection of games, bonuses, and support. So, if you want to make deposits anonymously using cash while still being able to receive a topnotch casino experience, then take a look at the table below:

Featured bingo sites that accept paysafecard

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The advantages and disadvantages of using Paysafecard

Pros:

  • Highly Secure and anonymous – Because Paysafecard works like a pre-paid voucher, if you purchase the PIN by cash, none of your personal details is disclosed at any point, even when you make a deposit at Paysafecard casinos online. Not only does this process give you anonymity, but it’s also much more secure than leaving your credit/ debit card, bank account, or e-wallet details at casino sites.
  • Instant cash deposits – Paysafecard is a pre-paid voucher and there’s no verification needed for your ID. As long as the code and PIN number that you key in are correct, you can immediately gain access to those funds in your casino account.
  • Widely available and convenient – You can find many outlets that sell Paysafecard available all across the UK at numerous supermarkets, petrol stations, major retail outlets, and newsstands. Most online casinos accept payments by this service provider too, making it extra convenient if you want to make deposits using cash.

Cons:

  • No withdrawals allowed – The biggest problem with Paysafecard is that you’re not able to make withdrawals from your casino account to your voucher. However, most online gambling sites will allow you to cash out using an alternative banking method. You can, however, withdraw to your Paysafecard account if you have one, but this will defeat the purpose of being completely anonymous.
  • Low limit on vouchers – The highest-value Paysafecard voucher is £175 which means that if you want to deposit more, you must combine a few vouchers, which might pose as a bit of a hassle.

Banking with Paysafecard

Should you still be considering if Paysafecard is the right payment platform for you, let us give you more useful information to help with your decision process.

Deposit and withdrawal times

The moment you’ve purchased a Paysafecard voucher, it’s valid immediately. You can use it to load up your casino account and the funds will be reflected instantly. Unfortunately, withdrawing from a paid voucher isn’t possible.

Ease of opening an account

One of the best things about using Paysafecard is that you’re not required to register anything to transfer money into your casino account. However, you do have the option to create a Paysafecard online account where you can buy and manage vouchers as well as use it like an e-wallet. Registration is free, easy, and fast.

Fees structure

It’s pretty much free to make payments at an online casino with Paysafe unless the casino itself charges a processing fee. The only fee that might apply is if your voucher still has some credit left after 12 months of purchasing it. From the 13th month and onwards, a maintenance fee of £2 will be deducted every month.

Our final thoughts

Paysafecard offers high security, anonymity, and convenience all within its payment platform. You don’t need to have a credit card or even a bank account to use their services plus it’s basically free. The downside is that you won’t be able to withdraw to your voucher and high stakes players will find it inconvenient to use due to its low limit on vouchers. On the other hand, if you’re not a high roller and looking for a hassle-free way to play while protecting your identity, then you should check out our recommended Paysafecard casinos online now!

More Casinos Accept PaysafeCard Payments: