Paysafecard is an online payment method that allows users to transact with or without bank accounts. It is a prepaid credit card; therefore, it comes without any commitments like monthly contracts or unexpected bills. This payment method comes in two forms.
First is the Paysafecard classic/PIN, which essentially uses a digital code to represent a monetary value. Users are expected to buy this code and use it on partner websites to make payments. Transactions here do not require any billing or personal information because you only need the code. It is a safe platform since you do not share personal information online.
The second type is the Paysafecard MasterCard which resembles the regular bank cards. It is a perfect option if you are looking for a prepaid credit card that is usable online and offline. Fortunately, Paysafecard MasterCard allows you to shop on websites that are not partners to Paysafecard. Note that this option applies an annual maintenance fee and other charges on withdrawals, top-ups, and foreign currency exchange.
Paysafecard Profile
- Name: Paysafecard
- Industry: Online payments
- Founded: 2000
- Founders: Armin Sageder, Michael Muller, ReinhardEilmsteiner, Michael Altrichter
- Headquarters: Vienna, Austria
- Products: Electronic Money
- Website: www.paysafecard.com
How to Register a Paysafecard Account
You can create a Paysafecard account in a few minutes. Below are simple steps to follow:
- Visit the official Paysafecard website
- Click the ‘Sign Up’ button in the upper right corner of the homepage
- Fill out a form with personal information, including phone number, home address, and email.
- Create a password
- Complete the process by pressing the ‘Sign Up’ button
After registering an account, you can now make online payments. Customers can use the Paysafecard classic option by providing the 16-digit code on a partner website. On the other hand, Paysafecard MasterCard allows users to transact on any website. You can also use the card to pay in a physical store the way you do with a bank card.
Paysafecard History
The company that runs Paysafecard was founded in 2000 in Vienna, Austria. Four Austrians came together to form a company known as paysafecard.com Wertkarten AG. Among the founders was Armin Sageder, who took up the administrative role as the CEO. The company was later transferred to a private limited company known as GmbH. In 2001, Paysafecard opened a branch in Germany. Michael Muller, who adds up as the cofounder, took over as the CEO in 2004.
In 2005, the EU undertook a program known as eTEN to support electronic services with a trans-European dimension. Paysafecard qualified and was subsequently funded by the EU. As a result, the company expanded and ventured into the UK, Spain, Slovakia, Greece, and Slovenia. In 2008, Paysafecard Switzerland was licensed to become a financial intermediary. In 2013, Skrill acquired Paysafecard and has operated it until today.
How to Deposit with Paysafecard in Casinos
Since Paysafecard is a friendly payment method, many websites have adopted it as their preferred banking option. In the gambling industry, there are paysafecard casinos where you can fund your account using the code or pay online through the Paysafecard MasterCard. It is quick and secure. After logging into your casino profile, visit the cashier section and choose Paysafecard as your preferred payment option. Provide your card details or code, and the amount you wish to deposit, and the casino will automatically deduct money from your prepaid card. If you are lucky to collect some winnings, you can use your prepaid card to withdraw from your nearest bank.
Advantages of Paysafecard
There are various reasons why many organizations and websites prefer Paysafecard in making their payments. The list below comprises some advantages of using this method.
- You can transact without a credit card or bank account
- The system is very secure because users do not need to submit personal information
- Paysafecard offers a risk-free payment option that is also fast
- Customers with Paysafecard can make payments in numerous online shops because it is accepted worldwide.
Disadvantages of Paysafecard
The only limitation of using Paysafecard is that there are some charges that accumulate over time, even when you are not using the platform.
