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With this in mind, we will take a look at one of their prime services — Paysafecard. Out of the many different payment solutions supported by online casinos Paysafecard has risen to be the dominant prepaid deposit method.
This service is owned by Paysafe Group, a company based in the Isle of Mann. Paysafe Group was founded more than two decades ago, back in , and since then the company has had a major presence in the online payment solutions market.
In addition to Paysafecard, it is also the parent company of two of the most-used eWallets in the world — Skrill and Neteller. In this article, we will discuss all advantages, disadvantages, and potential problems that may arise when using Paysafecard to deposit to your favourite roulette casinos.
Paysafecard is one of the most widely available and reliable ways for you to fund your casino balance. This payment service is available in many countries across the globe and chances are you can also benefit from it.
One of the best aspects of Paysafecard is that you can get a voucher at many different retail locations. These are usually sold in supermarkets, gas stations, various kiosks, newspaper stands and others.
This makes the service very accessible and anyone can do it without any hassle. There are no fees for loading a prepaid voucher and thus, you will be able to deposit the same amount to your casino balance that you gave at the retail location.
The cards come in the form of a receipt, which features digit PIN code that you will have to enter whenever you wish to spend money.
The process is completely straightforward and no one should experience any issues doing it. One of the best perks of using Paysafecard is the anonymity associated with the service.
Since the vouchers are bought with cash money, you will not be required to submit any information about yourself.
The same is true when you deposit the money to your casino balance. As a result, your banking and credit card details will remain completely secure and out of sight.
This is the perfect solution for security conscious players and those like to keep such details private.
Moreover, Paysafecard makes for an excellent option for players on a budget or those with poor impulse control, the so-called problem gamblers.
As most prepaid cards are, Paysafecard vouchers cannot be reloaded and once you use all the money, all you can do is buy a new one.
This could help people stick to a particular budget, as they would be unable to meet the cost of their deposit. Unlike credit cards, there is a limited amount of money that you can spend when using Paysafecard and since you have to physically go to a retail location to buy a new voucher, this inconvenience alone may be enough to dissuade people from gambling too much.
Having covered the benefits of using Paysafecard, we have to look at the other side of the coin and examine what are the negative aspects of this service.
A major one is the inability to withdraw your winnings using the same method. Paysafecard is a prepaid voucher, not an eWallet or a credit card.
As such, you cannot add money to your existing balance. This might present a real issue for you if you do not have another payment solution ready.
This is the biggest aspect that detracts people from using Paysafecard. Something else that we also have to take into consideration is the fact that every time that we wish to load money on a voucher you would have to go to a retail location and purchase a new one.
This could be highly inconvenient for those who do not live within walking distance to a store that sells them.
Making the trip every time you wish to reload could be tiring and even annoying to some extent. While it does help those with bad impulse control and problem gamblers limit their gaming sessions, normal players will be inconvenienced by this and are unlikely to use this payment method in the future.
Then we also have to take into consideration the fact that it is impossible to withdraw your winnings. This means that those who play for higher sums than the average player will have to resort to using another payment service, such as Skrill or Neteller.
While Paysafecard may be a fully satisfactory payment method for casual players, the service may prove to be lacking for more seasoned veterans.
The low deposit limits and the inability to withdraw winnings makes Paysafecard less than ideal for high rollers and the like.
Using Paysafecard at online casinos is quite simplistic. In fact, it might be the easiest payment method out there. When you log in to your casino account, simply go to the cashier page and find the prepaid option under the deposit methods.
You will have to submit the digit PIN code located on the voucher in order to complete the transaction. The whole process takes less than a minute and you can immediately use the funds to start placing bets on your favourite roulette game since the transfer is made immediately.
This is one of the easiest and most hassle-free ways to play at online casinos, as the service could be used by just about anyone.
There is no setup time or identity verification that you need to sort out in advance. There is no cost to funding a card, as we have mentioned above, nor are there any fees for spending the money.
The only time when you will be charged by the company is when your card has been inactive for more than 12 months at a time, which rarely happens.
In this case, you will have to bear the cost or make a small transaction. When you deposit to online casinos, however, there is always the possibility that there may be transaction fees.
For the most part, casinos do not charge you when you make a deposit and take on the cost of the transaction themselves.
However, there is a decent number of them that take a different route. These cases are rare, but they do exist. If you are playing at such a casino, you could look into the VIP programs offered to players.
A major aspect of making transactions online is the security of your personal and banking information. As far as Paysafecard is concerned, this service does not require you to submit either.
Deposits are made with full anonymity since you do not have to enter any data about yourself or your personal finances. This is something highly praised by gamblers everywhere, especially those who are concerned about their information being leaked online.