Paysafecard Review

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 Mastercard Limits

Paysafecard Mastercard Fees

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.

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:

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.