Making a Payment With Paysafecard - Step by Step
Paysafecard is an easy-to-use prepaid voucher that requires no preparation or previous registration. It is one of the easiest online gambling payment methods to use. At the core of Paysafecard is a 16-digit code, which you can get from newsstands, shops, or an authorized online retailer. Paysafecard is available in over 40 countries, and you can buy the ticket/voucher in various denominations ranging from 10 to 100 US dollars, euros, Australian dollars, pound sterling, etc.
Once you’ve bought the voucher from a local retailer or an authorized online retailer, you can proceed to use it in an online store or casino. If you are funding a Paysafecard sportsbook, you should open the deposit or cashier page and choose Paysafe or Paysafecard from the listed options. Proceed to enter the 16-digit code from the voucher and confirm the transaction. The amount deposited will reflect on your casino wallet in a few minutes.
Additionally, if you make smaller payments online, you can use the 16-digit PIN multiple times until you exhaust the amount you had recharged. It’s possible to combine up to 10 16-digit PIN codes when making larger payments. For instance, if you are depositing a $ 1,000 (i.e., the maximum amount allowed) to a Paysafecard bookmaker, you can load up to 10, 16-digit PIN codes of $ 100 each.
You can also view the balance of your Paysafe voucher and the transaction history along with the production data at the official Paysafecard website or app by entering the respective16-digit code. To better manage your Paysafecard PINs and even store codes of up to $5,000, you’ll first need to register for an account, which is a quick and seamless process.
Registering a Paysafecard account is free of charge, and you aren’t required to have a bank account or credit card. The benefit of having a Paysafecard account is that you can withdraw funds directly to the online wallet – an option supported by several Paysafecard betting sites.
Average Time of Paysafecard for Deposits and Payouts
Whether you are paying for products or services online or depositing money to any of the Paysafecard betting sites, the transaction is fast, safe, and convenient. Once you feed the code to the online merchant or sportsbook, the payment is processed almost instantly, thanks to the magic of electronic money transfer.
The average time it takes to complete a transaction is about two to five minutes, which means you can deposit money to your favorite Paysafecard sportsbook and instantly place your bet while the odds are still in your favor. And while the transaction speed is often consistent, delays may occur once in a while, especially if the Paysafecard bookmaker faces a technical challenge or undergoing service maintenance. In such cases, the online bookie should communicate to users in advance to avoid inconveniences.
Transaction delays due to issues with Paysafecard are often resolved quickly. A common problem is when a payment remains in “processing” for more than five minutes. Here, you may need to refresh the site and re-feed the 16-digit code, then resend for confirmation. More often than not, such issues resolve on their own.
Compared to the traditional payment methods such as credit cards and bank transfers, which may take days for the amount to reflect on the betting site, Paysafecard is almost instant and remains one of the fastest online gambling payment methods in the market. Check out our reviews for the best Apple Pay betting sites for a comparison of the processing times.
Paysafecard Verification Requirements: Documents You Need
Like the other financial service providers, Paysafecard is regulated and designed to protect both businesses and customers. When registering for an account that will allow you to receive withdrawals from Paysafecard betting sites, there are a couple of verification requirements you’ll need to provide, such as your ID or a passport/driving license. It’s worth noting that your credit card or bank details aren’t required during the registration process.
Paysafecard accounts have two versions: Standard and Unlimited. You are automatically enrolled in the standard version on signing up, limiting PINs upload to $ 2,500 per year. If you plan to use multiple Paysafecard bookmakers, you may exceed this limit in less than a year. A solution is to upgrade your account to the unlimited version.
Upgrading your account requires further verification. Here, you’ll provide documents that coincide with those used during registration. You’ll also need to upload a picture that shows your entire face. Once your details are verified and your account status upgraded, you can enjoy the unlimited benefits of your Paysafecard account. These include depositing and withdrawing up to the maximum limits to and from any Paysafecard sportsbook. Check out our reviews of the best bookmaker deposit options to see what verification requirements there are for the best deposit options.
The History of Paysafecard: A Journey of Innovation and Convenience
Founded in 2000, Paysafecard has grown from a small pre-printed scratch card business to a reputed multinational financial service provider. In 2011, the company acquired Dutch competitor Wallie, and in 2013, Skrill completed the acquisition of Paysafecard. A year later, Skrill acquired Ukash, a British Paysafecard competitor, merging it into Paysafecard. In 2015, Skrill competitor Optimal Payments Group acquired Skill Group and all its subsidiaries, including Paysafecard, then rebranded to Paysafe Group.
Today, several trusted online merchants accept the Paysafe payment system and more than 200 reputed Paysafecard betting sites. Regardless of the country you are in, you’ll always find a Paysafecard bookmaker that will allow you to fund your betting account free of charge. Some Paysafecard sportsbooks even offer a first deposit bonus for first-time users. Recently, Paysafecard has been integrated with major platforms such as Amazon, Google, and Apple, further boosting the company’s reputation.
Paysafecard to Other Providers Compared
Paysafecard offers a more accessible and safer way of transacting or paying for products and services online than the other payment methods. For bettors, depositing or funding a Paysafecard sportsbook is faster than using credit cards or wire transfers.
Additionally, the level of privacy you enjoy with a Paysafecard voucher means you won’t have to worry about sharing your bank or credit card details with any third party. That said, several Paysafecard bookmakers encourage their customers to use this payment system, thanks to the ease of use and zero fees for users who aren’t converting currencies.
Last but not least is that, unlike credit cards, Paysafecard doesn’t allow users to overdraw their funding. That means you cannot spend more than you have, making it easy to control your spending. If you are just getting started with betting, you want to find the lowest minimum deposit sportsbook to jumpstart your betting adventure. Most Paysafecard betting sites allow punters to deposit as little as $10, which is a good start for newbies.
When choosing the best payment method from the many bookmaker deposit options, always pay attention to the convenience of service, level of security, and the deposit and withdrawal fees. Paysafecard offers some of the safest and most convenient financial services in the market. Still, one key concern is the fees – i.e., currency conversion fees and refund/redemption fees. However, this only affects a section of users.
Most Popular Payment Methods
If you are a newbie just starting out with online bookies, you must be wondering if there’s a secure, fast, and genuine way of funding your new betting account. The answer is yes. Paysafecard is a popular payment method that’s safe, fast, and widely accepted in several betting sites. In fact, your search for the best betting sites should begin with bookmakers that accept Paysafecard, then narrowing down to the individual site’s pros and cons.
Another alternative to this method is using Apply pay, which is also super-fast and secure. The one major difference is that unlike using Paysafecard bookmaker, you cannot withdraw your winnings from Apple Pay betting sites back to your Apple Wallet. The other payment methods commonly used in most online casinos include debit cards, PayPal, and bank transfers, which come with their pros and cons. From our experience, most Paysafecard sportsbooks have done an excellent job in enhancing the user experience, e.g., by streamlining the deposit and withdrawal process.
Fast transactions, ease of use, and high security and anonymity make Paysafecard a great online payment system for casino users and online shoppers. Before trying out a Paysafecard sportsbook, you still want to check the quality of their services based on customer services, ease of making withdrawals, the minimum deposits, etc.
That said, the best betting sites for withdrawal come with a seamless payout process, and most of them accept Paysafecard as a withdrawal option. Doing a thorough background check will help you pick the best bookmakers to serve your betting and entertainment needs. If you require other factors for your deposit and withdrawal needs then we suggest taking a look at our reviews of the best betting sites for withdrawal or our review for the best lowest minimum deposit sportsbook
Paysafecard Betting Sites FAQ
🎲 Can I use Paysafecard for gambling?
There are hundreds of gambling operators and websites out there on the internet, and each one accepts a wide variety of different payment methods. The vast majority of online casinos in the US will accept payments made via bank transfers, Visa, MasterCard, and PayPal, but how many will accept the use of a Paysafecard? Our review of Paysafecard betting sites takes a look at whether you can use your Paysafecard to fund your betting, or whether you’ll have to find an alternative payment method.
🤔 How do I get a Paysafecard?
There are going to be numerous steps that you’re going to have to follow to get your very own Paysafecard. There are also a number of steps that you’re going to have to follow to activate it and make it your preferred payment method on whatever betting site you’re using. Our review of online betting Paysafecard sites takes an in-depth look at what you need to do to get yourself a Paysafecard, and what steps you need to follow to activate it and use it as your preferred payment method.
💸 Can I withdraw my winnings with my Paysafecard?
You can withdraw your money with the vast majority of payment methods that you use to fund your betting. However, there are some payment methods that, whilst they are fine to deposit funds with, are impossible to withdraw money with. Our review of the best Paysafecard bookmaker and best Paysafecard sports betting sites around takes a look at whether or not you can withdraw your winnings with your Paysafecard. It also looks at what some of the advantages and disadvantages of using a Paysafecard are too.
🔒 Is it safe to use a Paysafecard to fund your betting?
One of the main things you should make sure of when deciding which payment method you’d prefer to use to fund your betting is whether or not the payment method in question is safe. Using an unsafe payment method is something you desperately want to avoid. Lucky for you, our review of the best Paysafecard betting sites goes into detail as to whether or not your Paysafecard can be trusted. It looks at what security measures are in place to protect your funds, as well as what sort of reputation Paysafecards have. By the end of the review, you’ll know for sure whether it is safe to use a Paysafecard or not.
💳 Which betting sites accept Paysafecard as a payment method?
With thousands of betting websites out there on the internet, there’s bound to be a few that accept Paysafecard as a recognised payment method. Finding a decent US sportsbook or online casino that accepts a Paysafecard as a payment method could take hours on end, but luckily for you, our Paysafecard betting site review has a few suggestions for you. Here at CaptainGambling.com, we’ve done all the hard work for you when it comes to researching the best betting sites that accept Paysafecard. All you have to do is sit back, relax, and pick a site that suits you and your payment method best!