Pros and cons of Paysafecard betting
I’m a good-news-first kinda guy. So, here’s the top benefits of using Paysafecard for betting purposes. But what about the inevitable bad news? Well, there are one or two pet peeves of mine. See the list of highs and lows below:
Advantages
- Fast transactions.
- Water-tight rep.
- Relatively easy-to-use.
- Exclusive promos are common.
Disadvantages
- Withdrawals are a no-go.
- Fiddly PIN codes are required.
- There’s a 50 EUR limit.
Now’s probably a good time to point out that Paysafecard isn’t available all over the world, either. If you live somewhere on the green-list, though, such as Austria, Belgium, Netherlands, Spain, or the UK, the pros of using this prepaid card massively outweigh the cons in many ways. Starting with deposit times…
Dropping deposits with Paysafecard bookies
Fun fact:
Paysafecard isn’t really a card. It’s actually a 16-digit PIN code. Perhaps they should’ve called it “Paysafecode” instead, but I digress…
To make a deposit with a bookie, you’ll first need to top-up your Paysafecard account. Once funded, you’ll receive that all-important PIN, and can deposit with bookies/casinos, by:
- Clicking “Payments” on their websites.
- Following that up with “Deposit”.
- Selecting Paysafecard from the list.
- Entering your PIN and hitting “Confirm”.
- Poof. There goes your deposit.
Nine times out of ten, we’re looking at instantaneous deposits here. Particularly with any of the bookies or casinos I’ll be recommending here.
Cashing-out to Paysafecard – can you do it?
The eagle-eyed among you will note I’ve already answered this one. Withdrawals simply aren’t an option with Paysafecard – hands-down the card’s biggest con.
But don’t worry. The best brands will let you cash out via PayPal, credit card or potentially even directly to your bank. Expect 48-hour-or-less waiting times with these methods, depending on which you choose.
What verification checks do Paysafe bookmakers carry out?
If this ain’t your first rodeo, you’re probably already aware that verification steps are standard procedure with most bookies. Now, it doesn’t matter which
online betting deposit methods
you use, chances are you’ll need to get past the following before making your first deposit:
- Email/SMS verification.
- KYC checks.
For the former, your casino will fire a one-time code to your email or smartphone that you’ll need to use to verify your account. And the latter? Well, Know Your Customer (KYC) checks require ID uploads before you can bet. And that’s that.
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What do processing times look like?
Any Paysafecard betting brand worth a second look ought to let you deposit instantly. Swiftly swerve any sites that suggest waiting more than 2 hours is reasonable – because it isn’t.
Does playing at betting sites with Paysafecard incur fees?
Paysafecard’s own charges vary from country to country, but bookmakers themselves will rarely hit you with fees of their own. It’s a bit like playing at
PayPal betting sites
– it’s the provider’s fees you need to worry about. Casinos are the friendly ones.
Generally, Paysafecard doesn’t charge a thing in your first year of using their service. That said, they’ll slap you with a monthly fee for any remaining balances left on your “card” at the end of the year thereafter. There’s also upper transaction limits in force – high rollers, take heed. Here’s how it works in a few popular Paysafecard-friendly countries:
| Country |
Monthly fee |
Max transaction amount |
| UK |
50 GBP |
1,000 GBP |
| Australia |
80 AUD |
200 AUD |
| Germany |
50 EUR |
1,000 EUR |
| Switzerland |
50 CHF |
1,000 CHF |
| Czechia |
1,000 CZK |
24,000 CZK |
Psst, guess what? A currency converter’s available on the Paysafecard website if you need it.
What security measures are involved?
Now, I know we all want the best Paysafecard betting brands to take safety super-seriously, but in my honest opinion some sites take it a little too seriously.
Generally, any brand that expects a song and dance beyond KYC checks or email verification is taking the biscuit. But obviously, you do want to make sure you sign-up with a trusted site that offers:
- SSL encryption.
- Two-factor authentication (2FA).
- Random Number Generator (RNG) software.
The best Paysafecard betting sites revealed…
You’re probably rearing to go and use your Paysafecard (code) at a few bookies right now, right? Well the good news is that Paysafecard features at many of the highly-rated betting sites featured in the banners of this page. The bad news is that this prepaid card doesn’t feature at all of them. But fear not, as you will still be able to make your deposits and withdrawals with some of these alternative payment methods.
1. Credit and debit cards
Most people still opt to use credit and debit card brands like Visa and Mastercard for their online betting. This isn’t just because of the familiarity of the payment method, but it’s because cards offer you instant deposits and the highest levels of security.
2. Ewallets
Lots of people like using ewallets like PayPal and Skrill for online betting because they offer you a seriously convenient way to play, and you’ll find that ewallet withdrawals are some of the fastest around.
3. Bank transfers
The majority of betting sites will let you make deposits and withdrawals with a standard bank transfer. This has the advantage of high limits and security, although you might notice that the withdrawal times are relatively slow.
4. Cryptocurrencies
There are more and more crypto betting sites appearing each year, and this is to meet the demand of people who want to fund their bets with coins like Bitcoin, Ethereum and so on. While you should be careful about which crypto betting sites you use, there is no denying the freedom that blockchain technology offers you.
How to choose the best Paysafe bookmakers
To be honest, whether you’re dropping NFL wagers at
credit card betting sites
or spinning slots at casinos that take Paysafecard, the herbs and spices that make-up the tastiest iGaming site are always the same. You ought to look out for:
1. Fast Paysafecard deposits
Cause if they don’t support Paysafecard betting and they won’t let you deposit quick sticks, they might not be right for you.
2. Fair and varied withdrawal options
Your Paysafecard will only take you so far. By which I mean, as far as being able to make a deposit. So, go find yourself some MasterCard betting sites. Or, at the very least, a brand that offers fast cash-outs to PayPal, Skrill or whatever other reputable method you’d rather cash-out to.
3. Unique Paysafecard bonuses
One privilege of depositing with your 16-digit PIN is you might be able to land a Paysafecard-exclusive promo – but only with certain providers. Search wide.
Conclusion – pick your Paysafecard betting sites carefully
So, having a Paysafecode, as I like to call it, in your online payments arsenal will grant you easy access to instant-deposit bookmakers and casinos far and wide. You’ll also benefit from one-off promos every once in a while, and the knowledge that you’re betting using a water-tight e-wallet.
Just be careful to case out which casinos offer the best bonuses and fastest deposits ahead of time. And look-out for viable withdrawal options, too – as Paysafecard cash-outs remain sadly off-the-table.
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Popular FAQs regarding Paysafecard betting sites
Paysafecard throws people off from time to time. I for one am frequently hit up with the following queries from quite rightfully bemused bettors:
⛔ What happens if I enter the wrong PIN when depositing?
Well… Your deposit won’t process, basically. It’s dead important to punch in your PIN right.
🏆 Which Paysafe bookmakers are best?
Roobet and GGBet are worth a whirl, as is Stake.com.
❓ Will Paysafecard launch in any other countries?
Paysafecard’s currently up-for-grabs in 50 countries. But word on the ground is this’ll expand closer to 60 in the years ahead. It hasn’t been confirmed which countries are in the crosshairs yet, mind…
