Paysafecard is one of the many companies that is owned by the Paysafe Group, which previously purchased the Skrill Group in 2015. Prepaid cards or pre-payment methods, like Paysafecard, are one type of payment service that continues to grow in popularity in the online gambling industry. The two strongest selling points that this form of payment offers is the zero requirements for bank card details and speed of transaction. One of the largest concerns for sports bettors and online gamers is their personal protection. Every day they fear that their personal information (e.g. bank details) will be shared with third parties or stolen by untrustworthy platforms, so you can imagine why a payment service that doesn’t require bank details is very popular.
Below we will take a look at everything that Paysafecard has to offer and everything it is missing also, to ensure we give you the best help in deciding whether this is the right payment option for you.
Top Paysafecard Betting Sites
The whole reason you are here is to find the best sites that accept Paysafecard as a valid payment option. Well, below you can find our top three best Paysafecard betting sites that currently available.
|What We Check For:|
- One of the leading bookmakers right now
- Impressive live streaming options
- Accepts Paysafecard and many other payment options
- Rewarding free bet promotions
- Simple Paysafecard deposit options
- Great sport coverage
- Offers separate platforms for gaming customers
- Accepts Paysafecard
- Great odds
What is Paysafecard?
Paysafecard is by far the most popular prepaid card available to UK customers and it has been around since 2000. Prepaid cards give customers a form of payment that works by simply buying a card of a certain domination and then being able to use those funds however they wish. There is no need for registering an account with Paysafecard, as customers, instead, buy whichever card they want. For example, Paysafecard’s come in denominations of £10, £25, £50, £75 and £100. A 16-digit pin code is used to verify payments and the only fees that you will incur come when making refunds or when failing to use the funds within 12 months of purchasing.
Using Paysafecard for Online Betting
Like e-wallets, prepaid cards are becoming an increasingly popular method of making deposits and withdrawals at sports betting sites, and this is for a number of reasons. Some consider prepaid cards the perfect option when it comes to online gambling, as not only do they offer anonymity, speed and security but they only let customers use whatever funds have been loaded into the account. The extra level of security that comes with using prepaid cards is due to them not be linked to customers bank accounts, so there is no way in which third parties can find out these personal details offering customers safe payments.
Below we take you through a simple guide of how to use Paysafecard.
- Purchasing a Paysafecard voucher can be done online or at a retail outlet. To find your closest store, simply use the store locator search feature on Paysafecard’s website and head over to purchase a physical voucher.
- Once you are ready to purchase your Paysafecard voucher, you will need to know what size voucher you would like. Denomination vouchers include £10, £25, £50, £75 and £100.
- Following this, you are ready to use your voucher so head to your desired sports betting site and find the ‘Deposit’ section. Then, enter the amount you wish to deposit and provide the 16-digit pin card found on your voucher when the payment window is open.
- Customers can use the Paysafecard website to check their online balance at any time.
Paysafecard Deposit Limits
As we have previously discussed, Paysafecard is a method of payment that can only be brought in particular denominations. These are; £10, £25, £50, £75 and £100. When the time comes to making deposits at your chosen sportsbook, you will generally find that there is a minimum deposit limit of £10 in place. However, Bet365 and a few other online betting sites will offer a £5 minimum deposit limit.
The maximum deposits, on the other hand, sit at £40 for a single transaction. £40 may seem rather low and you would be correct in thinking so, but there is a way to deposit more. You will find that the majority of online sportsbooks will allow customers to use multiple Paysafecard vouchers to deposit more than the original maximum of £40.
So instead, you can expect maximum limits of £500, while Bet365 offers a maximum limit of £770.
The Advantages & Disadvantages of Paysafecard
sIn this part, you will find all the advantages and disadvantages highlighted in one place so you can decide how Paysafecard weighs up to some other popular payment types that are available.
- Very secure payment method
One of the obvious advantages is that Paysafecard is certainly one of the most secure betting payment methods available to make online payments. With there being no need to enter bank details onto online betting sites, you do not run the risk of exposing your personal details. The only time that these details are required is during the payment process for the Paysafecard voucher itself. When confirming deposits made with Paysafecard, customers must input the 16-digit code to verify.
- Instant deposits
Unlike other betting payment methods, Paysafecard’s payment mechanism does not require waiting around when making deposits and offers an all-round simple process
- No need for an account
One of the biggest advantages of using Paysafecard is that it does not require its customers to register an account unlike the majority of other payment providers. This means you do not have to go through the long process of providing a bunch of personal details.
- No personal information required
Similar to the point above, this pre-paid card does not need to take any personal information from you, like an email address, age or home address. You are only required to enter the card details you wish to use to purchase the Paysafecard.
- Can only be purchased in set denominations
One of the biggest limitations that come with Paysafecard is the set denominations that they can be brought in. Despite offering several denominations, including £10, £25, £50, £75 and £100 vouchers. The majority of gamers and punters will want to have more freedom when it comes to the amounts of money they wish to spend.
- Can not be used for withdrawals
Since Paysafecard is just a card loaded with a certain amount of electronic money, it does not work as a withdrawal option. If you plan on using Paysafecard for your deposits, you will need to use one of the other withdrawal methods available.
Alternatives to Paysafecard
Although Paysafecard offers an extremely useful method of payment, there will be a number of you who are not completely taken by the idea and that is why below we have put together a selection of some of the best alternative payment methods available.
Boku is probably the most preferred payment method available when it comes to pay-by-phone methods. Founded in 2009, Boku has been providing punters with a convenient and safe payment method of transaction. Boku can only be used to make deposits and there is a maximum deposit amount set at £30. Customers pay for these deposits by either loading funds on to their pay as you go tariff or via their phone contract. The verification of payments is achieved by a one of code being sent to the mobile phone.
An e-wallet that seems to be following in the successful footsteps of PayPal, is the younger brother Neteller. Founded in 1999, Neteller arrived just one year later than PayPal and is owned by the world-renowned Paysafe Group. Neteller is widely accepted across various UK sports bookmakers and hit the limelight when it recorded processing over 80% of online gambling payments. Like PayPal, Neteller is not accepted as a valid deposit method when claiming certain promotions and offers. But, customers can use it to make standard deposits and withdrawals.
Visa, Mastercard & Maestro
Visa, Mastercard and Maestro are three of the most popular debit card betting options you will find available as UK customers. All three options are accepted at most UK online betting sites. Accounts set-up with either of these three options is considered ‘personal accounts’ where customers have registered accounts with the respective bank. Punters can then fund their bets using whatever funds they have in their personal accounts. Setting up a bank account is not the simplest of processes as you will need to arrange meetings with your local financial institutions(Banks), but it is probably likely that you already have a bank account set-up as they are a requirement in day-to-day life.
In comparison with many other payment types, Paysafecard is widely accepted across a variety of countries. There is a total of 40 countries in which Paysafecard is a viable sports betting payment method and close to 700,000 retails stores sell Paysafecard vouchers. Pre-paid cards like Paysafecard are just an alternative way of using cash to gamble online, so you can not expect to be able to use your prepaid card on a gambling site if you reside in a country where gambling is illegal, like North America.,
However, pre-paid cards can be of use in certain restricted situations. For example, if you have an account with a bank that restricts you from depositing onto sports betting sites or gambling sites in general. Then buying Paysafecard vouchers to fund your betting account will allow you to use your funds to gamble legally.
Paysafecard Bonuses & Offers
Thanks to Paysafecard being a widely accepted payment option across hundreds of sports betting sites, you can count on being able to claim your favourite sportsbook bonuses when making qualifying deposits with Paysafecard. Whether or not you are looking to claim rewarding sign-up offers, free bets offers, cashback bonuses, loyalty programmes or even an Acca boost. Paysafecard is a variable payment option.
We advise taking the time to read the terms and conditions for any promotion that you plan on claiming, as these will stipulate important information regarding the promotion. For example, things like payment method exclusions, payment method restrictions wagering requirements, qualifying bets, minimum stakes, 1st deposit requirements and whether or not a promo code/deposit code is required.