As you are probably aware, a prepaid card is essentially a voucher with a predetermined amount of money on it. You can then spend this voucher at an online casino to transfer the funds from it to your casino account. This way, your bank details are never at risk of being exposed, so you can be sure that your privacy is safe at all times.
Today, there are actually a number of different forms of prepaid cards; they are no longer simply vouchers that you purchase in shops. However, you can still buy what are essentially disposable prepaid cards. They can be found in thousands of shops across the world and purchased with cash, making them completely anonymous. The best-known card of this type is probably Paysafecard. They come in denominations such as €10, €25 and €50. Each card comes with a PIN number and after entering the number in the casino cashier, the funds are immediately transferred to your casino account.
Paysafecard prepaid cards are one time use only. However, you can also find reloadable prepaid cards. The cards are normally issued by VISA or MasterCard via a third party service, which means that they can be used much like a debit card in a wide range of contexts. You can then top up these cards using the service you got it from, so once again, you don’t have to expose your bank details online.
It is even possible to find virtual reloadable prepaid cards. These can be obtained from payment providers such as Skrill and Neteller. The virtual cards are 100% digital and can be issued immediately. You can top them up with a one-off payment and then use them to fund your casino account. Some of these cards are onetime use and others can be topped up repeatedly.
As mentioned one of the biggest benefits of prepaid cards is the added security. The most obvious security benefit is that you will not be providing casinos with your bank details; therefore, there is no way that they can be stolen. However, another major benefit is that you can’t exceed your budget and spend more than you have.
However, if you are concerned about security, then you can rest assured that prepaid cards often have the same security features as standard debit cards, such as two-factor authentication for payments and PIN numbers that must be entered when making a withdrawal. Furthermore, as they are not linked to your bank account in any way, even if the details are stolen, your account will still be safe.
Prepaid Card Fees
When it comes to choosing a prepaid card, one thing you will want to consider is fees. The fees or charges associated with a card will vary greatly depending on which you choose. For example, a disposable prepaid card such as Paysafecard may not have any fees to use initially. However, if you fail to use the balance within a given amount of time, then a monthly fee will be deducted from it.
If you are using a reloadable prepaid card, then you need to research if there are any fees for topping it up or a monthly service fee. Furthermore, if you are planning to use the card to make withdrawals from cash machines, then there may be a charge for this as well.
However, it is very unusual for casinos to charge players for depositing with prepaid cards. Therefore, the only place you really need to check for fees is with the card issuer.
Depositing and Withdrawing at Casinos with Prepaid Cards
There is no denying that prepaid cards are often one of the fastest and easiest ways to fund a casino account. Simply select your choice of prepaid card in the cashier, enter how much you want to deposit and provide the requested details. The deposit should then be processed instantly and you can start to play straightaway.
However, withdrawing with a prepaid card can be an entirely different story. If you are using a onetime prepaid card, then you cannot withdraw to it. This is one of the biggest drawbacks to services such as Paysafecard. However, there are ways around this. Some prepaid cards, particularly the reloadable ones, can be withdrawn to in the same way as a debit card. Furthermore, services that allow you to create virtual prepaid cards can also often be withdrawn to. If you want to withdraw winnings without providing any of your bank details, then a virtual prepaid card or a reloadable Visa or MasterCard may be the best option.
Choosing a Prepaid Card
When it comes to choosing a prepaid card, the first thing that you should check is which are accepted by your chosen casino. When you know which are available, you can then begin to consider which to use. While Paysafecard is the most famous prepaid card, there are actually many of them, such as ecoPayz, Neosurf, and AstroPay Card. You can find full guides to all of these right here at Bet On Casino.
When you research these cards, you should pay attention to factors such as whether they are available in your preferred currency and how difficult it is to obtain the cards. Disposable prepaid cards, such as Paysafecard, can be bought using cash in shops in many different countries. However, if you are prepared to purchase a card online, then you will have even more options.
When considering a reloadable card, you need to research how they are topped up, what fees may be involved, whether the cards can be used for withdrawals, and so on. In addition to dedicated prepaid card services, you may also wish to consider prepaid cards from services such as Skrill and Neteller. When researching these, you should be considering exactly the same issues.
The truth is that the differences between all of these are often subtle. Normally, the only real difference is in any fees charged for topping them up, so be sure to pay particular attention to this.
There is no denying the many benefits of using a prepaid card at online casinos. They are one of the most private and secure ways of depositing funds in your account. However, they are not without their limitations and you need to consider your withdrawal method and any fees there may be for using the prepaid card. That said, there are plenty of options that address all of these issues. The best idea is to carefully read the guides to the various prepaid cards that we have put together and that way you will be able to make a fully informed decision about which of them is right for your gambling needs.