Established in early 2000, Paysafecard is one the largest operators of financial services via the internet in Europe. It’s a very capable service and used widely to pay online, most notably used by players at online casinos. It’s available in 37 countries, has a reach of over one billion customers and is accepted in more than 5000 online establishments, mainly those geared towards entertainment.
Paying online with a Paysafecard is easy, instant and does not require the use of your bank or credit card details. The system used is the same system used by prepaid phone cards in that you buy the card and use the pin found under the scratchable surface to make the transaction. They are available to buy from more than 470,000 outlets worldwide and it can also be used to upload credits to a Skrill e-Wallet account.
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How does a Paysafecard card work?
Paysafecard works in the same way that prepaid credit works for a mobile phone or international telephone card. You buy a physical card with cash and on the reverse there is a scratchable surface, under which is a 16 digit pin code. You then use this pin code to pay via the merchant’s online payment system for the value of the card. Paysafecard can be bought in different unit values. Currently they are 10, 25, 50 and 100 Euros. You are able to make larger payments by combining up to 10 Paysafecard pins in one single transaction, so the most you can make in a single transaction is €1000. The value represented by the card can be converted into one the 21 other available currencies but there will be a foreign exchange fee applicable, often called a conversion fee these days.
For Paysafe users that live in France, the U.K and even Germany there is also the option to use a physical MasterCard version. This works the same as normal MasterCard’s in that you charge the card with a certain amount and then are able to use the funds on the card to pay for goods and services either in a physical shop or online. This represents a second way of depositing at an online casino with the same product should you not be able to get to a physical point of sale.
Paysafecard: The pros and cons
Is Paysafecard not quite what you were looking for? Before making your mind up why not check out some payment alternatives from the list below: