Paysafecard: The Best Payment Method in the UK for Online Casinos 2022
For years, the most popular form to pay online was a credit card – they were accepted at every major gambling and sports betting site and worked with no problems. But as time has gone on, there are more payment options than ever before. Nowadays, these include services like Paysafecard. This is a prepaid card that can be used to make deposits at online casinos. It works just like a debit card, and it has the same amount of credit as your casino Paysafecard deposit. They can be purchased at most stores that sell prepaid cards, i.e. supermarkets and convenience stores. The amount of the deposit may be between £10 and £100. The cards can also be purchased online with the help of Dundle- the official online distributor.
In 2015, the company was acquired by Optimal Payments Group, a payment services provider regulated in the UK. Later they rebranded as Paysafecard Group. The company has a UK gambling license for money transmission services. So Paysafecard casino is fully regulated and safe to play online. Once you’ve purchased your card, you can use it for various transactions, including making deposits to online gambling websites. Here we will discuss the best Paysafecard UK casino and how to find out which online casinos Paysafecard accept this payment method.
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What Is Paysafecard Payment Method and How Does It Work?
As already mentioned, a Paysafe card is a prepaid card that can be purchased for making deposits at online casinos. Instead of entering your credit or debit card details, you buy the card and enter the PIN code. Once it’s been verified, you can use it to make deposits. Not all platforms accept Paysafe, and not all cards work at all of them. However, the majority of the top sites do.
The Paysafecard Company has a database that holds information about all cards registered to their customers. This is why they can control which of them are accepted. And such control is necessary because the card PINs can be easily stolen or hacked. And since cybercriminals can access your bank account, you don’t want to provide them with any opportunities. The same is true for new online Paysafecard casinos- they want to make sure that the money that comes into their accounts is coming from a safe source.
Deposit and Withdrawal Processes in Online Casino With Paysafecard
No matter if you want to make a Paysafecard casino £1 deposit or prefer playing with larger sums – the process of making a deposit is simple. First, you go to the best Paysafecard casino and pick the option of Paysafe as the deposit method. Then, you enter your card’s code and the amount of money to be transferred. Depending on the casino, you might need to enter your CVV code as well. After that, you will get an address where you can send the money. In most cases, you also need to choose whether you want the money to be transferred instantly or after a certain period. After that, with the help of this guide, you should know what the best online casino that accepts Paysafecard is and how it works.
How to Withdraw Money From a Paysafecard Casino
Once you’ve deposited with Paysafecard, you can also withdraw money from the casino via this system. However, it is not as simple as just entering the same card code you used for depositing. Some online websites do not offer Paysafe withdrawal at all. But few of them take advantage of a service called My Paysafecard, which allows you to transfer your money to a bank account or payment method of your choice. The withdrawal process is almost identical to the deposit one: you enter the amount of money and choose a method of instant payout. However, depending on the platform, the limit of online casino Paysafecard payout can be from £20 to £1000.
Paysafecard Casino Fees
The amount of fees that you get charged if you decide to pay with Paysafecard in online casinos is usually determined by the casino itself. However, we found that most of them charge between £0 and £5 on deposits (less than most credit card processors). This $0 on withdrawal is a standard policy. Paysafecard fees are charged by the bank that processes online payments.
As for the casinos, they don’t have a standard fee for accepting Paysafe since it is done on a case-by-case basis.
Use Paysafecard Casino Safely
As with any other banking option, make sure that you are aware of how the Paysafecard reliable website works and choose the right one. Use a VPN if you’re worried about security. Make sure you have a secure browser (e.g. Chrome or Firefox) because sensitive information is sent through them, such as card numbers and CVV codes. And like any other money, it can be stolen if stored on a computer you don’t own. So, in other words, only enter your PIN when you are on a secure site and never make a withdrawal or deposit on an unsafe PC.
Pros and Cons of Online Payments With Paysafecard
To decide whether playing at Paysafecard £5 deposit casino is worth it, you need to know the pros and cons of this payment system. For that purpose, we’ll list a few main points below.
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Thus, Paysafecard casino has both advantages and disadvantages. It is a convenient way to make a deposit at the best online casino Paysafecard and withdraw money later. Be sure not to forget your PIN because it is the only way of accessing it unless someone else knows it.
Paysafecard: Payment Method History
The idea of Paysafecard was created in 2000 by four Austrians- Armin Sageder, Michael Müller, Reinhard Eilmsteiner and Michael Altrichter. They came up with this innovative way to make transactions safe and secure. After the launch, it gained a lot of popularity in Europe.
As of 2022, the service is available in more than 40 countries. Today, more than 200 online casinos accept Paysafe.
Paysafe Group was created as a result of the merging of three organizations: a security company, financial management firm, and a card processing service provider. They formed one of the largest payment processors in Europe. In 2007, they IPO and reached a net worth of € 1 billion.
Today, Paysafe is one of the most popular options for depositing among UK online gamblers. It has won several Pay Awards and 1st place in the category New Working World and Quality of Living in Great Place to Work contest in Austria. These are just a few of the many awards that it has received.
What Are Alternatives to Paysafecard for Online Casino Players?
There are a few payment solutions that you can use instead of Paysafecard casino £1. But, most of them have similar benefits, and all of them offer more money-back guarantees.
Here are a few alternatives:
- Skrill (Moneybookers) – is a great alternative method of deposit. Moneybookers are used to make deposits on online gambling platforms and online shops and even for sending money to friends and family.
- Neteller – Neteller is a popular online payment system. It was launched in 1999 and is now one of the most popular solutions for making deposits at casinos.
- PayPal – many fastest paying casinos accept PayPal. The minimum deposit is £10. Once you make your deposit, the money is available to withdraw immediately.
All of these secure payment methods have their pros and cons. But for now, Paysafecard remains one of the most popular online payment solutions in the United Kingdom and around the globe.
Best Payment Methods in UK Casinos Online
Final Thoughts on Online Gambling With Paysafecard
Paysafecard is a convenient solution for online casino players in the UK who want to deposit at a safe online casino. It’s popular because it is easy to use and doesn’t require personal information. If you have a code, you can enter it when signing up at the Paysafecard casino UK of your choice, and you’re good to go. If you haven’t done so already, sign up for your casino account at Paysafecard now and use it to make your deposit. And if you have any questions, feel free to ask below. We’ll be happy to help! Have fun playing Safe casino games with Paysafecard!
Read also about Interac online casinos and Pay by SMS casino payment option.
FAQ
- Is Paysafecard safe while gambling?
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Yes, it is very safe when it comes to legal online gambling with Paysafecard. Your money is stored on your card with a 16-digit code, and you can use it to deposit only at trusted and licensed casinos. However, if you lose your card or PIN, your money won't be accessible anymore.
- What expenses can I come across using Paysafecard?
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It all depends on the casino. If you want to withdraw your winnings, there are often transaction costs involved. These fees vary from one Paysafecard casino to the other.
- Do online casinos offer any bonuses when depositing via Paysafecard?
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There are no specific Paysafecard casino bonuses. Each casino has different promotions. But there are always welcome Paysafecard bonus casino offers for new players.
- What are the limits of the Paysafecard deposit?
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There are no limits on your deposit for gambling via Paysafecard. Just make sure that your card has enough funds for your deposit. But be sure to check the terms and conditions of the casino before depositing to avoid any surprises.
- Are Paysafecard casinos safe?
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Yes, the casinos that accept this payment option are fully licensed and regulated. Every Paysafe casino is audited at least once a year by a certified auditor.
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