For punters that want to add funds to their online betting accounts without sharing any personal or banking details, Paysafe provides an excellent service. This pre-paid voucher allows players to instantly top-up their online sportsbook accounts using the 16-digit PINs that are printed on the Paysafecard when you buy it from one of the millions of locations around the globe. Paysafe can also be bought online and the 16-digit code is delivered to you upon purchasing the Paysafe voucher of the chosen value.
The Paysafecard payment option started in Austria in 2000 with four local funders. The idea of a voucher that can be used for online betting transactions and various other online shopping necessities caught amazingly well and the Paysafecard quickly expanded in Germany, Spain, the UK, or Greece. Currently, the list of territories where Paysafecard is available contains over 40 entries and the payment method forms an amazing partnership with Skrill and Neteller ewallets that are also owned by Paysafe Group.
We encourage you to keep reading this meticulous review our experts put together for the Paysafe payment option. You will discover a list of casinos accepting Paysafe, what bonuses are available, the fees connected with this payment option as well as other important info about how to use it for online betting.
Some of the seasoned punters reading this text know about the restrictions applied by more and more online bookmakers for ewallet deposits. Skrill, Neteller, and even PayPal are often linked with restrictions when it comes to players claiming the first deposit bonus after making a transaction using one of these ewallets. However, using Paysafecard does not involve such restrictions. All the online bookmakers out there are going to apply the first deposit bonus for a Paysafe deposit.
You just need to make sure to follow the other conditions set by the sportsbook when it comes to being eligible for the first deposit bonus. These conditions can include a minimum deposit, a certain timeframe for making the first deposit, or even making sure someone else in your household did not previously create an account with the same bookmaker. However, strictly about using Paysafe as the deposit method, there are no restrictions to worry about.
So, you’ve purchased your Paysafecard and you’re ready to make your first deposit to start online the online betting adventure. Considering that you’re also made up your mind about which online bookmaker to use, we’re going to go through the steps of using Paysafe to deposit. In case you’re still having second thoughts about the sportsbook, check out our recommendations on this page – you can thank us later! Getting back to the process of using Paysafe to make a deposit at an online bookie:
You should also know that most online casinos do not add any fees on the depositing process, and neither does Paysafe. The amount you select on the deposit page should be exactly the amount you get in the account. Otherwise, it’s time to look for another online bookmaker to play at.
We talked about the series of advantages that the Paysafecard brings for punters, however, it’s time to look at one of its major downsides as well. Despite providing one of the most secure online payment processes in the world, a Paysafecard can’t be used for withdrawals. It is a deposit-only option and if you’re using it to top-up your account, you’ll need to look for alternatives when it comes to withdrawing. We’ve mentioned in the introduction that the Paysafecard is part of a huge group that also contains popular ewallets Neteller and Skrill. Either of these ewallets can be used for quick withdrawals and plenty of options to enjoy your betting winnings as cash or online.
Besides giving you the opportunity to buy pre-paid printed vouchers at gas stations, supermarkets, grocery shops, and many other locations around the globe, Paysafe can also be used strictly online. You can buy Paysafecards online and you also have the possibility of registering an account to easily manage the vouchers you buy. Here’s how to set up a Paysafe account:
Make sure to use a phone number that is in use because you will be asked to confirm the phone number via SMS in order to finalize the process and log into your Paysafecard account.
Right after creating the Paysafe account you can go ahead and use it without verification. However, having a verified account means you will be able to upgrade to the Unlimited plan where you can store as many Paysafecard vouchers in your online account and also increase the number of individual transactions. To verify your Paysafe account, simply use the login credentials to access it and go to “Identification”. Here, you will be asked to provide a series of documents which confirm your identity and address as follows ( you can either use your mobile phone camera or a webcam if you’re doing this from a desktop):
Verifying your account and upgrading it to Unlimited will increase the single transaction limits from €250 to €1,000 and it will allow a maximum balance of €5,000 on your Paysafecard account among other benefits.
Not only that an online Paysafecard account gives you more flexibility and versatility, but it also opens up the option of receiving a Paysafecard MasterCard if you want even more options for online deposits. This card is linked to your Paysafecard account and you can use it everywhere MasterCard is accepted, both for online transactions and POS payments.
The only fees connected with the Paysafecard are the processing fees applied when buying a new voucher. No fees are applied when making the deposit towards the online bookmaker. The fees for getting a new voucher are different from one partner to another, however, these are the fees that should remain constant no matter the location:
Ever since its beginning in Vienna early in 2000, Paysafe went through an amazing journey and is now the biggest and most popular group of online payments in the world. The Paysafe Group currently controls Paysafecard, Neteller, and Skrill. The first big transaction to form this powerful group was made by Skrill that bought the Austrian company Paysafecard.com. In 2014, Skrill also bought Ukash – the British competitor for Paysafecard – and the two payment options merged. In 2015, the group also acquired Canadian-based Neteller to form the incredible holding known today as Paysafe Group.
Despite being available in over 40 countries, Paysafecard remains prevalent in the markets where it all began – Austria and Germany. By merging with Ukash, Paysafecard extended its dominance in the United Kingdom as well with Spain and Greece completing the list of core markets for this payment method.