Paysafecard Background Information

Paysafecard was founded by four friends in 2000 who aimed to create a form of cash for internet payments. The company was founded in Vienna, Austria, and a year later, it expanded into Germany. The original concept was to sell people physical cards featuring 16 digit codes that could then be used to make online payments. Very quickly, the company also began producing e-vouchers that could be bought online.

In an early sign of success, in 2005, Paysafecard received funding from the EU to help it expand into more countries. This led to the launch of Paysafecard in many countries and helped it to become one of the leading pre-paid services. A significant milestone for the company came in 2007 when more than 10 million transactions were completed using Paysafecard.

The following year, the company was granted an e-money license by the British Financial Conduct Authority (FCA) through its subsidiary Prepaid Services Company Ltd. At the same time, Paysafecard was becoming available in even more countries. The following year, the company received a MasterCard license and it won a number of awards.

In 2013, Paysafecard was bought by Skrill, in what was the largest start-up exit deal that Austria had ever seen. Furthermore, it also made Skrill into Europe’s leading payment service provider. The company has continued to expand and launch additional products, such as a prepaid MasterCard, and a loyalty programme. Today, the company has a valuation of €3.4 billion and has two of the largest private equity houses, CVC and Blackstone, as investors.

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Advantages of Using Paysafecard

There are numerous advantages to using Paysafecard. For many, the main one is the fact that there is no need to provide any financial details to a casino when making a deposit. You do not need to provide a credit card number, banking information, or anything else. Furthermore, the cards offer complete anonymity. They can be purchased for cash at shops without needing to provide any personal information whatsoever. After entering the card’s 16-digit PIN in the casino cashier, the funds are transferred instantly, so players do not have to wait before they can start playing.

Importantly, Paysafecard can be purchased at thousands of different shops around the world. This means that for the majority of people, they are very easy to get hold of and will be a very convenient method of paying. Furthermore, they make managing a gambling budget very easy as the cards have a predetermined value.

The system of purchasing a card for cash and then depositing funds is also incredibly secure. There is no way that your money or information can be stolen. As long as you do not lose the card’s PIN number and you make sure that no one else has access to it, you can be 100% confident that the money will remain safe at all times.

There are no fees for using Paysafecard, so you won’t lose any money when topping up a casino account. However, it is important to note that if the card’s entire balance hasn’t be spent after six months, then Paysafecard will begin to deduct fees from the card’s balance.

Paysafecard also run a number of promotions, which gives people the chance to enjoy special rewards. For instance, the company often runs competitions with exciting prizes, such as gadgets or digital gifts. This means that casino players will have even more opportunities to win.

There are of course some downsides to using Paysafecard. The main one is that it can very rarely be used for withdrawals simply because you will not have a Paysafecard account, just a code. There are some exceptions to this, and this is explained below. Another disadvantage is that the card values are not very large, generally they are not worth more than €/£/$100. This means that you will not be able to top up your account with large amounts at a time, and casinos also often impose a lower deposit limit on Paysafecard. However, for many people the pros of using Paysafecard greatly outweigh the cons, and that is why it is one of the leading payment methods at online casinos around the world.

How to Use Paysafecard at an Online Casino

Paysafecard is incredibly easy to use. You simply have to go to one of the many thousands of shops that sell them and purchase a card. Usually they come in values of €/£/$10, 20, 50 and 100, although this does vary slightly from country to country.

After purchasing a card, head to the cashier at your chosen casino. You then need to select Paysafecard as your payment method and enter the amount that you wish to deposit. You do not need to use the entire card’s value at once if you do not want to. Then you will be asked to enter the 16-digit PIN code found on the card. The money will then be transferred instantly to your casino account and you can start playing straightaway.

Withdrawals with Paysafecard are a little bit more complicated. You will not have a Paysafecard account, so there is nowhere to withdraw the money to. However, the company does also issue MasterCards, and if you have one of these, then it is possible to make withdrawals. At most casinos, you will first have to verify your identity before making a withdrawal. This is usually done by submitting a copy of a photo ID, such as a passport or driving license, together with a utility bill. This does mean that it is not possible to remain anonymous, but it is the law in an increasing number of regulated markets. If you have a Paysafecard MasterCard, then you will be able to select it as a withdrawal method at your casino. You then simply need to enter the amount you want to withdraw and the card details. The casino will then begin processing the transaction and the money should arrive in just a few days. As usual, you will have to have met all bonus terms and conditions before you are able to withdraw any funds.

Help with Paysafecard

Paysafecard offers excellent customer support to those that need it. There is a huge help centre on the company’s website and it is full of very useful information that is split into easy to navigate sections. It is also possible to reach the customer support team. You can use live chat on the website or telephone them during business hours. There are local numbers for different countries, and the team is happy to help with all queries. You can also turn to the casino’s customer support if necessary and they are sure to do their best to help.

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Frequently Asked Questions
Are there any fees for using Paysafecard?

The short answer is no. If you have bought a €50 Paysafecard (which costs exactly €50) then you will be able transfer that entire amount to your casino account without incurring any fees. However, if you do not use the entire value of your Paysafecard within a certain time period, then Paysafecard will deduct a fee from its balance every month. The time period varies from country to country. Furthermore, you may be charged a conversion fee if you deposit in a different currency to the one you purchased your Paysafecard in.

Can I use Paysafecard on mobile device?

With ease. There are official Paysafecard apps available for Android and iOS that make managing your codes and funds very easy. As long as you are playing at an online casino that is mobile friendly, which most are, then you will be able to deposit funds using Paysafecard from your mobile device with no problems.

Is Paysafecard available in every country?

No, it isn’t, but the list of countries where it is available is huge and it is growing all of the time. You can purchase Paysafecards in the vast majority of European countries, the UK, across North and South America, in many Middle Eastern countries, in Australia and New Zealand, and so on. You can find a full list on the Paysafecard website.

Is Paysafecard secure?

Absolutely. Paysafecard is one of the safest ways to deposit money in a casino account. The cards are purchased for cash and as long as no one steals your code, then no one can access your money. Furthermore, when using Paysafecard you will not have to provide the online casino with any personal or financial information.

Is it worth applying for a Paysafecard debit card?

Paysafecard debit cards are very useful as they can be used to make withdrawals from online casinos. However, if the casino offers a different withdrawal method that you are happy with, then there is no real reason to apply for one.

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