The Full Overview of paysafecard Betting Sites

paysafecard logoPay with complete confidence and security when making a transaction to a sports betting website with paysafecard. There are plenty of paysafecard betting sites around that are only too happy to help you deposit with ease. This guide will show you exactly how to use paysafecard, and the best bookmakers that go with it. We will look at the pros and cons, how to deposit, the security features and much more. From the table below, you can see our recommendations on where best to deposit with paysafecard. Taking into consideration many different criteria; the welcome bonus, deposit and withdrawal limits, processing times and overall quality of the betting interface – we concluded there are three betting sites that serve users of paysafecard deposits better than the rest. Check them out for yourself by following the link in the table and if you haven’t already registered, enjoy the massive bonuses on offer at these top-quality bookies!

The Best paysafecard Betting Sites
NetBetBonus Matching Deposit Up to £50Win big money with the huge welcome bonus at NetBetSign Up Now!.
Betway100% Bet MatchUp to £30A great small stakes deposit match perfect for betting beginnersSign Up Now!.
MrGreenBet £20 Get a £20 Free BetEnjoy the fantastic sportsbook at Mr Green with a free betSign Up Now!.

The innovative prepaid deposit method has been widely adopted across the UK bookmaking industry and customers using this service will have an abundance of options when choosing where to lay their next bet. paysafecard is a global market leader in online payments, based in Vienna, the company is present and active in 45 countries around the world. Since its launch at the turn of the millennium in 2000, punters have been able to deposit without disclosing sensitive bank details. The prepaid solution to gambling has earned the firm a trusted and transparent reputation as one of the UK’s most popular gambling deposit methods. Read the rest of our guide to find out more.

Overview of the paysafecard Business

Back in 2000, four Austrian entrepreneurs launched the “cash for the internet” platform under the name paysafecard. As is abundantly clear from the name of the service, safety is a primary feature and selling point of the product, many users today are attracted to this method of payment due to modern cyber security precautions and the many data breaches banks have been victim to in recent years. In the next paragraphs you will be presented with all the crucial information for betting with this payment method – accompanied by intuitive infographics, there is no other more complete review of paysafecard betting on the internet.

Fees and Processing Times

Paying with this payment method will be basically free to use throughout the entire duration of using the service. The only fee you will have to face is an annual maintenance cost of approx. £2. Not a bad price to pay for piece-of-mind, efficiency and security when betting your hard-earned cash online. As for processing times, paysafecard operated the same as a bank card once fully topped up, so transactions are completely instant and your money will be transferred to the betting wallet in a matter of seconds after successful confirmation of your credentials.

Operator Processing Time Limits min/max Fees
instant £10 – £1,000
instant £10 – £1,500
instant £10 – £450
instant £10 – £1,000
instant £10 – £125

Unfortunately, due to the nature of this payment method, withdrawals are simply not possible. paysafecard is a pre-paid deposit method only. Due to the intrinsic nature of this service, this is all the payment method will ever be and users will need to use an alternative method to pull funds from the bookmaker.

The Pros & Cons of Using paysafecard for Betting

There are some very unique properties that give paysafecard a clear advantage over other conventional deposit method. Most notably, the detachment of any personal banking data when paying over the internet is a huge advantage. Customers of paysafecard will be able to top up their prepaid card from over 600,000 locations across the world and use their unique PIN to fund the betting wallet. The security benefits of paysafecard are undeniable and for that reason it is the UK’s most popular “cash for the internet” service around.

Pros & Cons of paysafecard
  • Major Strengths
  • helpful and informative app
  • very secure with no personal data
  • instant access to cash
  • Minor Strengths
  • strong anti-fraud protocols
  • easy and fast depositing
  • streamlined registration
  • Major Weaknesses
  • withdrawing is not possible
  • low max. deposit limits
  • not accepted everywhere
  • Minor Weaknesses
  • difficult to obtain a pre-paid card
  • mastercard annual fee of £3
  • have to pay via third party

However, there are some intrinsic problems that will not suit the needs of many punters when playing with this method. The absence of any withdrawal capability is a massive omission from the value of this payment method. Punters will have to use a bank wire transfer when withdrawing winnings that have been funded via paysafecard, simply for money laundering regulators. Another big disadvantage remains the fairly limited value of transactions paysafecard is capable of processing – you will be heavily restricted if you have high-rolling betting needs.

Depositing to an Online Betting Site with Paysafecard

Getting started with paysafecard is very streamlined and effortlessly simple. You have a couple of different routes to take in the sign-up process. Either sign-up online at paysafecard and receive your 16-digit pin number or visit a vendor of paysafecard and fill up the card with cash. Both methods are simple and there is nothing required in terms of identity confirmations. Have a look at our detailed overview of the deposit process in the paragraphs below. The practical nature of funding your betting account with this method makes it convenient for any individual not fully tech savvy with no access to online banking.

Step One: Create a paysafecard Account

The initial registration form to create an online account at paysafecardIn order to obtain a paysafecard PIN there are two different options. The first is to proceed with a one-time registration at the paysafecard online PIN shop – here you can see an example of the registration form you will be required to submit. Once this is completed, you are free to make online payments to paysafecard and receive PIN’s in your account. Alternatively, you can visit one of the +600,000 sales outlets worldwide and pay in cash to receive your pre-paid card and PIN. This carries the advantage of convenience and added security knowing your data is withheld.

Step Two: Payment to paysafecard Wallet

The unique 16-digit PIN number provided after purchasing a paysafecard voucherReceiving the PIN is the key to using your pre-paid cash at paysafecard. It can be considered a voucher code as it functions exactly this way. The pre-paid denominations vary depending on which region you’re paying from, in the UK customers will be able to purchase pre-paid amounts of £10, £25, £50, £75 and £100. As previously stated, you will receive a unique 16-digit PIN number which will validate the value of your paysafecard balance. You can receive this PIN either online through the PIN shop, or at the many retail locations across the UK. 

Step Three: Depositing to Bookmaker Wallet

The paysafecard bookmaker deposit portal where you can confirm the amount to transfer with your log in credentialsIn order to fund your online betting account with paysafecard log in to your account at the bookmaker supporting this payment method and enter the deposit portal. Click on the paysafecard option and enter the desired deposit amount and bonus code (if applicable), then click “Deposit”. You will now be redirected to paysafecard – enter your 16-digit PIN displayed on your card or the online PIN you have received. The confirmation will then be presented, confirm this step and you will then have the funds available in your betting account.

No Withdrawals Possible

This is a payment method that is not supported for withdrawal purposes by any of the bookmakers we have mentioned in this review. Due to money laundering regulation, customers using paysafecard to make deposits to online betting sites are required to withdraw funds directly to their bank via wire transfer. Simply put, this is to leave a defined paper trail of the journey taken by the money, as it is incredibly easy to make anonymous deposits with paysafecard if you have funded the pre-paid PIN via cash. This can be problematic for some people, as some bookmakers are relying on the opportunity to encourage you to keep betting with winnings rather than go through the more painstaking process of withdrawing and waiting for the funds to appear.

Excellent paysafecard Customer Service

The paysafecard resolution centre makes dealing with problems a stress free and well-guided process. There is a notion in the human psyche that causes un-explainable panic when things go wrong with our online payments, luckily for customers of paysafecard – the resolutions team are there to alleviate you from all stress and find the best solution. Take a look at the table below for three methods at resolving issues with paysafecard.

A diagram showing the three best methods to resolve issues with paysafecard

There are three distinct methods when it comes to help at paysafecard, as you can see from the table above we have given you the information required to proceed with any form of assistance. For the quickest solution to your problems, we definitely recommend checking out the comprehensive FAQ section of the paysafecard website. Here you will find detailed lists, neatly categorised in sections that make finding your solution completely intuitive. Alternatively, you can email the customer service inbox and wait for an agent to respond to your enquiry this option may suit customers better who have very complex unique issues that need to be explained meticulously. If it is a human voice you need to reassure you, have a look at the table above for the phone number of paysafecard customer services, be prepared to wait for an agent to become available and always refer to the FAQ section before resorting to this method.

Security of paysafecard Gambling Sites

The main strength of paysafecard certainly lies in its separation of banking information, and in turn, impeccable security for the consumer. There are some very interesting features that the managing security individuals have created at the firm to ensure their users have the best possible experience when paying for goods or services online. Take a look at the table below for a detailed description of the security protocols in place at the company.

A detailed diagram highlighting the various ways paysafecard protects the security of its customers

paysafecard: a Short History of the Firm

The Company at a Glance
The headquarters building of paysafecard
Company Name paysafecard
Headquarters Vienna
Founded 2000
Parent Company Paysafe Group
Users 2m
Employees 200
Revenue US $129m (2016)
Regulator Financial Conduct Authority

paysafecard remains a subsidiary of Paysafe Group PLC, which itself controls the operations of Neteller and Skrill amongst several smaller projects. The pre-paid payment solution was launched in 2000 with the intent to revolutionise the way consumers pay for goods and services online. It was initially intended to work as a bank card, but pivoted two years after launch and pursued the business of e-vouchers. In 2013, the game-changing iteration was introduced that allowed customers to access a personal online account that helped them manage all their PINs and make payments online to their e-voucher balance. Later in the same year paysafecard merged with Skrill and both fell under the control of Paysafe Group PLC. Today, paysafecard is truly a global leader in online payments, boosted by recent developments including a prepaid MasterCard programme and a loyalty scheme called “MY PLUS”. The service has expanded to all corners of the globe, supporting 23 currencies, present in 43 countries and utilising 5 million sales outlets worldwide to drive its ever-expanding network.

Best Alternatives

When considering the vast amount of payment options available to the modern punter – we cannot overlook the quality of PayPal. It is the world’s most popular internet payment company and for very good reason. With over 180 million active users and a market capitalisation far surpassing the competition, PayPal truly is a global leader. When it comes to betting, you’ll be hard pressed to find a bookie that won’t accept a deposit via PayPal – with its speedy transfer technology that makes sending and receiving money an absolute breeze. Take a look at the table below for a breakdown of the main differences between PayPal and paysafecard.

A comparison table between paysafecard and paypal highlighting the main differences of the two services

There are many differences between paysafecard and PayPal, and to be quite frank, they are two completely different types of payment systems that have very little in common. Paysafecard is a e-voucher service that acts as a pre-paid debit card for use online which can only send money and has no possibility for withdrawing. PayPal operates in a very different fashion, connecting the bank card of the user to the account, when paying with PayPal you are pulling funds directly from your bank card in a method that skips out physically depositing funds into the e-wallet. Of course, you can still hold funds on your PayPal account balance, but it is far more efficient to do the payment all in one easy step that requires only an email and password for security confirmation. Both methods differ from standard bank card options when betting online, and they provide a more secure and efficient approach to online betting payments. For a comprehensive guide to the worlds biggest e-wallet provider, read our PayPal review.

Betting with paysafecard – A Handy Depositing Method

We are thoroughly impressed with the extent of the paysafecard network, often an issue with relatively new payment methods is the extent of their usage and availability online. Fortunately for punters using this deposit method, there is an abundance of bookmakers who support this option, still enabling you to receive bonuses, cash-out and live-stream all by funding your account with paysafecard. The “cash for internet” payment system is truly unique, unlike any other payment method – players will be able to fund their betting wallets from the local petrol station in cash and pay safely and privately with their unique 16-digit PIN number. Have a look at our detailed NetBet bookmaker review if you are interested in learning more about the leading bookmaker for paysafecard depositing.

FAQ

If you have any pressing questions regarding anything on this page, send an email to info@bestbettingsites.uk.

How long does it take to refund the balance of my paysafecard PIN?

Refunds usually take up to eleven working days to complete. You will be informed by e-mail as soon as your request has been processed.