The best Paysafecard casinos 2024
Paysafecard is a prepaid payment method that allows casino players to transact securely and conveniently with cash online. Paysafecard uses vouchers that contain a 16-digit code, which is the only detail you need to submit when paying via this method.
Paysafecard is a brand of Paysafe Group, a company that has experience in the online gambling payments space and owns other popular casino payment methods such as Neteller and Skrill.
Paysafecard was designed for maximum security when transacting online. You do not require a bank account, credit card or any other verification systems to be able to use it. Paysafecard essentially operates like a ticket system: you buy your ticket (voucher) and redeem it at your favourite online casino.
You can use a single code multiple times (until the total value is depleted), or you can even use multiple codes if your deposit is a significant amount.
Paysafecard is available in over 50 countries and more than 30 currencies. Globally, there are over 650,000 points of sale where the vouchers can be purchased with cash and used in thousands of online casinos. For further convenience, the vouchers can also be purchased online using practically any payment method.
In addition to the voucher, there is also a Paysafecard MasterCard as well as a My Paysafecard account that serves as a basic eWallet-like system for tracking your codes and available balances. If you have a My Paysafecard account, you can also create a virtual IBAN that will allow you to perform bank transfers to and from your account.
Pros and Cons of Paysafecard
Pros
Security – Paysafecard is a very secure payment method for gamblers who are concerned about their privacy or a third party viewing their transaction activity. You only need to input the 16-digit code to complete transactions, thus concealing any confidential personal or financial information.
Convenience – With over 650,000 retailers selling Paysafecard vouchers, casino players from around the world can easily get started playing with this secure payment method. Additionally, the vouchers are available for purchase online, and for further convenience, the My Paysafecard mobile application can be used to locate stores that sell vouchers near your location.
Simple Transactions – It is simple and straightforward to transact with Paysafecard. Simply buy the voucher and input your 16-digit code. There is no need for account creation or passwords.
Multi-Currency – Paysafecard e-Vouchers are available in over 30 different currencies. You can also redeem a voucher in a different currency and enjoy incredibly low conversion rates.
Physical and Virtual Cards – Paysafecard users have the option of having physical and virtual cards linked to their codes. The cards can be used to shop online, but also make withdrawals at ATMs.
Virtual IBAN – Paysafecard has an option of creating a virtual IBAN that casino players can essentially receive bank transfer payments to their Paysafecard account.
Mobile App – Paysafecard has a mobile application compatible with both Android and iOS. The app is useful in locating stores that sell Paysafecard vouchers as well as tracking the balances of your different codes.
Budgeting Control – Paysafecard vouchers are preloaded with funds. You cannot spend more than what you prepaid for your codes. In this way, gamblers can stay in control of what they spend. Furthermore, Paysafecard has a Gambling Block feature that allows casino players to block themselves from gambling or related merchants.
Cons
Account Limits – Paysafecard has a limit of 50 euros per payment. This can be a little inconveniencing for players who want to play with relatively bigger amounts. They will be forced to perform numerous transactions or open a My Paysafecard account.
Limited Acceptance – Paysafecard is a global leader in the e-Money space, but it is not yet as prevalent in online payments compared to alternatives such as PayPal and credit cards.
Fees – Paysafecard covers the majority of transaction fees. But there are still monthly maintenance fees if you do not redeem a voucher within one month. There are also charges incurred when you utilize the virtual IBAN as well as physical/virtual card options. Additionally, there are also conversion fees applied when transacting in a different currency.
Withdrawal Limitations – The Paysafecard payout system that allows users to withdraw funds to their Paysafecard account is only available in selected places, mainly in Europe. You must also create a My Paysafecard account to access the available payout methods.
Casino Withdrawal Limitations – If you used an e-Voucher, you obviously cannot withdraw back to the voucher. You will need a My Paysafecard account to be able to withdraw, however, you should be aware that not all casinos offer withdrawals to Paysafecard, and there are often low withdrawal limits.
Fixed Denominations – Paysafecard e-Vouchers can be bought in standard denominations, such as: €10, €25, €50, €75, and €100. This can inconvenience gamblers who wish to deposit hundreds or thousands into their account as they will need to purchase and load multiple voucher numbers.
Not suitable for high-rollers – As you can tell from the above limitations, Paysafecard is probably not an ideal option for high-rollers.
How to Use Paysafecard
Here is how to use Paysafecard as a payment method with your favourite online casino:
Depositing with Paysafecard
After logging into your casino account and going to the cashier, you can deposit with Paysafecard in two ways as below:
- The classic way where you will be prompted to enter your 16-digit voucher code.
- Using My Paysafecard where you will be prompted to enter your login details. Depending on your account limits, this method can combine multiple codes if you wish to deposit a larger amount.
Paysafecard deposits are processed instantly, and the funds should show in your casino account within a few minutes. You can contact the casino support team if that is not the case.
Withdrawing with Paysafecard
Here is how to withdraw with Paysafecard:
- Log into the cashier/banking section of your casino account and select Paysafecard as your preferred withdrawal option. In most cases, it will default to the same payment method used for depositing.
- You will be directed to withdraw to your My Paysafecard account. You can use your balance to shop online, make online payments, or withdraw using the physical MasterCard at ATMs.
Paysafecard casino withdrawals are typically processed within 24-48hrs at most casinos. You should then be able to use your funds shortly afterwards. However, not all casinos support Paysafecard withdrawals (even those that support deposits using the method).
Paysafecard Crypto Payments
Paysafecard has not integrated any cryptocurrencies or crypto payments (as of November 2023). Still, casino players can use Paysafecard to buy and sell cryptocurrencies through crypto exchanges as well as peer-to-peer crypto trading sites.
Paysafecard Fees
The Paysafecard system cover fees for almost all transactions. But there are still some fees involved. If you do not redeem your codes within a month, you will be liable to a monthly maintenance fee. There is also an annual fee that does not exceed €10.
For My Paysafecard account users, there is a 4% card loading fee as well as a 3% fee for ATM cash withdrawals. Bank transfers using the virtual IBAN also attract some charges.
Paysafecard also conducts seamless currency conversions that attract a competitive 3% FX fee.
Paysafecard Casinos
There are plenty of casinos that support Paysafecard as a payment method. While it might seem that online payment methods are rampant, it is important to note that cash is still a preferred payment method for a huge number of people. This is a demographic that online casinos cannot afford to miss out on, and Paysafecard offers a solution for them to pay with cash.
Many gamblers prefer Paysafecard for its security and convenience, as well as simplicity and ease of transactions. In some Paysafecard casinos, redeeming the vouchers can also earn you some extra benefits, such as free spins.
Is Paysafecard Legit?
Yes, it is. Paysafecard is a brand of Paysafe Group, a company that has been engaged in the online payments space for over 25 years and is authorized and licensed around the world in top jurisdictions, such as the UK, Ireland, and the USA.
Conclusion
Paysafecard is a payment method that allows users to enjoy the practicality of paying with cash and then being able to gamble online. It is a preferred payment method for casino players who wish to protect their privacy or enjoy anonymity online. It is very simple to use Paysafecard for transactions, just like topping up mobile vouchers!
However, Paysafecard does not have a direct withdrawal system. Gamblers who wish to use the platform for withdrawals will have to create a secondary My Paysafecard account that will require other verification procedures. Even so, this payout system, as well as its mobile application, is only available in select locations around the world. There are also fees that will
