Paysafecard Review

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Paysafecard is a prepaid card payment service that allows users to make transactions at online casinos without sharing any sensitive bank information. Paysafecard vouchers can be purchased globally at over 650,000 retail outlets, and you can use your voucher’s 16-digit code to make deposits at Paysafecard casinos. 

On this page, we’ll run through various aspects of Paysafecard, from functionality and fees to safety and security. 

How Does Paysafecard Work?

First off, you’ll need to buy a Paysafecard voucher from a participating retailer. You can find your nearest store on the Paysafecard website by entering your location. 

Once you’ve got your Paysafecard voucher, head to the banking section of the online casino and go through the usual deposit process. Select Paysafecard as the method and enter the amount you want to deposit. You’ll be prompted to enter the 16-digit PIN found on the voucher.

Confirm the payment and your funds should be instantly credited to your casino wallet, ready to use on the plethora of games available. 

It’s also possible to use a myPaysafe account to pay. Once you’ve added the voucher to your myPaysafe account, you can log in with your username and password to complete the transaction instead, similar to using an e-wallet. You’ll also be able to make payments up to £1,000 at a time — the limit for unregistered users is £40, so creating a free account is worthwhile for higher rollers.

Paysafecard Features and Services

Paysafecard users can make transactions online or purchase physical vouchers from dedicated retail outlets. Here’s a breakdown of Paysafecard’s key services and how you can use them.

  • Paysafecard Prepaid Vouchers
    In the early days of Paysafecard, codes accessed through the purchase of physical vouchers were the only way users could make Paysafecard transactions. These prepaid codes are still very much part of the fabric, available to buy at over 650,000 retail outlets around the world. When you purchase a Paysafecard voucher (available in denominations from £10 to £100 in the UK) you’ll find that it comes with a unique 16-digit PIN — simply key this in at a Paysafecard casino to deposit the funds into your account.
  • myPaysafe Account
    In 2013, Paysafecard modernised its services with the introduction of its online account — originally known as My Paysafecard, now called myPaysafe. Through this personalised account, users are able to purchase virtual codes and spend them at online merchants, including casino sites. Instead of keying in the 16-digit PIN, customers can simply upload the funds with linked account information, such as a username or password. myPaysafe limits are also more lenient than those for unregistered users, with vouchers up to £175 available plus a maximum of £1,000 per transaction.
  • Prepaid Paysafecard Mastercard
    If you decide to create a myPaysafe account, you’ll be eligible for a prepaid Paysafecard Mastercard, which can be used to spend your Paysafecard funds at any outlet that accepts Mastercard. Some sites may also allow you to request a withdrawal to the Paysafecard Mastercard. Keep in mind it does come with extra costs — you’ll have to pay an £8 annual fee, 4% top-up fee, and 3% (minimum £3) ATM withdrawal fee.
  • Paysafecard Direct
    Paysafecard Direct is a function of the Paysafecard app that enables users to make lightning quick top-ups. If you’re in a Paysafecard-selling retail location, you can use this feature to generate a barcode within the app, choosing between several credit amounts as you do so. When you’ve selected the amount, head to the till and pay for the credit on the spot — the funds will instantly appear in your myPaysafe account, without the need to enter any PINs, passwords, or usernames.

Paysafecard Fees and Limits

Paysafecard vouchers carry a daily transaction limit of £40, which is great for those looking to limit their budget, but not ideal for high-rollers. Despite the fact that you shouldn’t be charged when you make a Paysafecard deposit at an online casino, there are some fees and additional limits associated with using Paysafecard we’ve outlined these below:  

Paysafecard Payout Limits

Paysafecard payout limits Paysafecard account: Standard Paysafecard account: Unlimited
Monthly payout transaction limit £250 None
Annual payout transaction limit None £24,000

Paysafecard Mastercard Limits

Limits Card for adults Card for young people (under 18)
Maximum credit balance on the card £4,000 £750
Maximum top-up per day £1,500 £750
Maximum top-up per month £4,000 £1,500
Maximum top-up per year £40,000 N/A
Limit per transaction £750 £750
Transaction limit per day £1,500 £750
ATM withdrawal limit per withdrawal £400 £400
ATM withdrawal limit per day £400 £400
ATM withdrawal limit per month £1,000 £1,000

Paysafecard Mastercard Fees

Type of fees Paysafecard Mastercard for adults Paysafecard Mastercard for minors (under 18)
Yearly fee £8 £8
Top-up fee 4% 4%
Replacement card fee £4 £4
ATM cash withdrawal fee 3% (minimum £3) 3% (minimum £3)
Exchange rate fee 2% 2%

Paysafecard Security

One of the main benefits of using Paysafecard to make a deposit at an online casino is that you won’t need to share any sensitive financial information with the site. Not only is this speedier than keying in lengthy account numbers, but it also limits opportunities for hackers to access your bank details. For this reason, Paysafecard is one of the most secure payment methods you can use at an online casino.

Nevertheless, if you’re nervous about Paysafecard security, remember that each voucher comes with its own unique 16-digit PIN. This PIN can only be used once, so it’s impossible for your funds to be hijacked once they’ve been deposited at a Paysafecard casino. This is unless, of course, the casino itself has been hacked, which is highly unlikely. All of our casino recommendations hold a UKGC licence, which holds sites to strict levels of security. Beyond this, the myPaysafe account deploys two-factor authentication (2FA) to boost security provisions.

If you suspect that your Paysafecard account may be the subject of fraud, visit this page on the Paysafecard website. Always remember to be vigilant with your account information — this includes staying alert to phishing attempts, and never disclosing your details to anyone else.

Casino Players Best Suited to Paysafecard

We would recommend Paysafecard to the more casual online casino player that is looking to limit the amount of money they’re spending online. The daily transaction limit of £40 is a fantastic way of ensuring you’re never going over your budget, and the prepaid system in general helps keep your online casino bankroll separate from your day-to-day spending.

If you fall somewhere between the low and high roller, and would like a little more flexibility when it comes to your online casino budget, we recommend creating a free myPaysafe account. Not only will this increase your transaction limit to £1,000, but it will also enable you to purchase Paysafecard vouchers online and give you the option of withdrawing back into your myPaysafe balance at certain online casinos.

Pros and Cons of Using Paysafecard

Now that we’ve been through various aspects of the Paysafecard service, here’s a general summary of its main advantages and disadvantages:

  • Security — As touched on previously, security is an area in which Paysafecard's excels. When using a Paysafecard voucher, the online casino doesn't receive any sensitive bank details, so all of your data is safe;
  • Budget management — Having your transactions limited to £40 a day is a great way to limit your spending at online casinos;
  • Accepted at most online casinos — Thankfully, Paysafecard is extremely common at UK online casinos, so you'll usually be able to make use of the service regardless of where you're playing;
  • Usually eligible for bonuses — Unlike a number of e-wallets, Paysafecard will usually qualify your for your online casino bonuses;
  • Top up with cash — The ability to top up your online casino balance using cash is a rare luxury, but you can purchase Paysafecard vouchers at participating retailers in cash;
  • No transaction fees — You won't be charged anything extra when you make a Paysafecard deposit.
  • Lack of withdrawals — You can only withdraw using Paysafecard if you have a myPaysafe account, and even then most online casions don't allow it;Most online casinos won't allow you to withdraw using
  • Transaction limits — The £40 limit is great for those looking to curb their spending, but will frustrate high rollers;
  • Inconvenience — Those who don't have a myPaysafe account will need to purchase their vouchers in person, which may slow things down somewhat.

Our Verdict

All in all, Paysafecard is a fantastic online casino payment solution that will suit some players more than others. The more frugal and security-conscious online casino players will struggle to find a more appropriate payment service. The spending limits — even to those who are used to spending more than £40 at online casinos — is a truly valuable tool that naturally encourages healthier gambling habits, but some users will still be frustrated by the restrictions. We also can’t ignore the general lack of support for withdrawals, but this is still possible if you make a myPaysafe account, which we highly recommend if you like the sound of Paysafecard’s service.

If you’ve decided that you’d like to give Paysafecard a go, head over to our Paysafecard casinos page for more information on the best casino sites with Paysafecard, as well as details on what sorts of bonuses are available to Paysafecard users. Once you’ve settled on a site, click through to sign up, make your first Paysafecard deposit and start playing.


Robbie Evans headshot

Robbie is an Editor at TopRatedCasinos who joined us in 2022 and has a year’s experience in the gambling affiliate space. Having quickly built up his expertise in all things casino — particularly in the arena of online payment solutions — he’s tasked with writing up guides and reviews across TopRatedCasinos, along with having a big hand in developing the way we format the site to best suit our users. In his spare time, Robbie is a keen sports fan, film buff, travel enthusiast, and all-round thing-liker.

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