paysafecard casinos

What is Paysafecard

In the last couple of years, Paysafecard has greatly increased in popularity, being preferred by more and more players, especially in Europe. Most of the popularity comes from the fact that this is one of the fastest and safest casino payment methods on the market. 

This company is considered at this moment one of the best when it comes to online payments. Paysafecard was founded way back in 2000 in Austria and it is not part of Paysafe Holdings UK Limited. 

Since then, their services gained a reputation for being extremely safe, reliable, and very fast.

Over the decades, the company managed to expand its services in more than 40 countries and 5 continents, going through numerous changes and partnerships. 

Skrill bought the company in 2013 and in 2015 bought another world-leading payment system, called Ukash which was very similar to Paysafecard. In the end, all Ukash vouchers were replaced completely by Paysafecard vouchers.

After all these changes, in 2015, the UK Optimal Payments group bought the whole Skrill group becoming a titan. However, they liked the name of this company so much that they changed the whole name to Paysafe Holdings UK Limited as we know it nowadays. 

The entire group is under the strict regulations of the United Kingdom Financial Conduct Authority and managed to secure some game-changing partnerships with other titans, including Mastercard, another reputable payment system operator. 

It seems like Paysafe Holdings Limited Group has big plans because they already announced their future partnership plans with other big companies like Google Pay and Apple Pay.

In terms of functionality, Paysafecard is a prepaid online payment system that operates based on 16-digit PIN vouchers that can be acquired from local stores or online vendors. The vouchers can then be used by providing the 16 digits PIN whenever you pay online or make online transactions. 

The remaining cash and the PIN associated can be used again for future payments. If you want to make a bigger payment and you require a larger amount of cash, you can combine multiple vouchers. 

How to Make a Deposit at Online Casinos with Paysafecard

Even if transactions with Paysafecard are completely safe, the whole process takes more time compared to other casino payment methods and requires a couple of additional steps. 

To help you out, we have designed the following guide that will guide you step-by-step through the entire process. 

The first step is to get yourself a Paysafe account and for that, you need to

1. Go to this provider’s homepage and head to the registration section

2. You will be required a couple of personal information like your Full Name, Phone Number, Email Adress, Date of Birth, and current address. After all, these pieces of information are provided, you will be also required to select a username and a password that will be used to access your Paysafe account.

3. You will receive an SMS with the validation code. Head back to Paysafecard’s website and enter the code to complete the verification process

4. Your Paysafecard is now ready to be filled with cash and used

You now have to acquire a Paysafe voucher to fill your account. You can do that at various outlets in your region or online from a couple of vendors. 

Once you have both your Paysafe account and a voucher, you can move to the next step and make a transaction at a gambling site. 

1. Go to your online casino’s homepage. (If you don’t have one, just pick one of the casinos in our lists) and log in to your player account

2. Navigate the Cashier section and chose Paysafecard as a deposit method

3. Enter the amount of cash you wish to deposit and provide the 16-digit PIN found on your Paysafecard voucher.

4. Deposits are usually instantaneous so you should be able to play in minutes

How to Withdraw from Online Casinos using Paysafecard

This is one of the biggest changes that occurred recently that made Paysafecard an even more popular payment method. Originally, it was impossible to use Paysafecard as a withdrawal method, and once used as a payment method, players had to resort to other withdrawal methods. 

All these have changed after the recent partnership with Mastercard and now players can withdrawal their wins using Paysafecard. 

To make a withdrawal using Paysafecard you need to follow quite similar steps, however, here is where your email used at Paysafecard’s homepage comes into play. The whole process looks like this:

1. Head once again to your online casino and log in to your player account 

2. In the cashier section, choose Paysafecard as the withdrawal method

3. Enter the amount of cash you wish to withdraw and the email address

4. After the casino verifies your transfer, your fund should be delivered pretty fast in your Paysafecard account

Pros and Cons of Paysafecard

Paysafecard is a great payment method, especially for casual players and has a lot of useful elements to bring to the table, however, just like any other casino transaction method, it also comes with a couple of cons that you can see in the table below:

Because Paysafecard allows completely anonymous transactions, players in countries where gambling is illegal or under a grey zone may be tempted to use it. However, keep in mind that this payment system is under severe regulations in some countries, therefore, unavailable at the casinos in that region. 

Paysafecard Safety and Security

Players that chose Paysafecard as their casino transaction method don’t have to worry at all because this is by far one of the safest payment systems on the market. 

You don’t have to provide any sort of banking or personal information when you make online transactions, therefore, no bad actors can get to them.

In countries where gambling is under the monopoly of the state or in a grey legal zone, Paysafecard is still offered at the casinos in the region, this payment method successfully replaces other “classical” methods like credit and debit cards or bank transfers. 

Paysafecard Taxes and Processing Times

Even if gambling operators require no fees for this payment system, Paysafecard does have some taxes for transactions. The account itself never expires and it’s never closed unless you want to, however, there is a €3 administration fee per month. 

If other similar transaction methods do not allow refunds, that’s not the case with Paysafecard, however, there will be a €7,5 tax required + 2% of the transaction value for the transaction. You can check all the fees in place on the Paysafecard website.

In terms of speed, Paysafecard deposits are processed instantaneously, however, the withdrawal timeframes will vary from one casino operator to another. 

The Best Paysafecard Online Casino

Being available in over 40 countries, Paysafecard's new online casinos are definitely in no short supply and that may confuse a couple of players. Luckily, here at NonStopBonus, we use a complex system to create and update a list of the best online casinos that are offering this payment system. 

That’s why our lists can also be sorted according to other real players' ratings and reviews so you can easily see which one of these gambling sites has been in the top preferences. 

Paysafe Casino Bonuses

Each online casino on the market will try to come up with the best bonuses and promotions to attract new players and keep veterans happy. 

The only issue is that Paysafecard users are not eligible for some of the best bonuses on the market like no deposit bonuses due to the legal regulations in many countries.

To be sure, just check the specific casino’s Terms & Conditions section before rushing in to open an account, to see what payment methods are eligible and which ones are restricted. 

Final Thoughts

Paysafecard is one of the most popular casino payment methods, especially in Europe and recently its popularity increased because it became available for withdrawals.

Being so popular and available on 5 continents and in more than 40 countries means that you will have no problem finding a good casino that accepts it. 

This system is forbidden in a couple of major markets like the United States or Turkey and in many other countries, players using this payment method are unable to claim certain bonuses. 

However, Paysafecard brings to the table secure and very fast transactions that are completely anonymous as you don’t have to share any sort of personal or banking information with the other party when making online payments. 

Another important aspect is the fact that’s very easy to gamble responsibly with Paysafecard because due to its nature, it’s very easy to set a couple of limits. 

All the vouchers come with predefined cash amounts so you can keep a record of how much you spend in a gambling session or over a period of time.