One of the most overlooked categories in online casino payment is the prepaid product. There are vouchers, cards, and other items that can be preloaded with money in a number of ways, then used to make deposits at Internet gaming sites or purchases from merchants. It’s an appealing option for players who either do not have traditional banking instruments, or are uncomfortable sharing their financial information online.
One of the leading products in this arena is the Paysafecard. Billing itself as the market leader in online prepaid payments, this option is accepted not only in the world of gaming, but also at thousands of other sites across the Internet. And since you can buy it at countless retail merchants, it is a rather easy product to pick up, even if your only resource is cash. It is used far and wide with Saudi Arabia and the UAE being two countries that have recently started selling them.
Using This Service
Using Paysafecard is a fairly straightforward process. First, you’ll need to find a local retailer who can supply you with a card. There are over 500,000 real world locations that sell this product, so you’re probably not too far away from one right now; often, you’ll find that local gas stations, supermarkets, pharmacies or convenience stores sell the cards.
Once you’ve found a location, simply visit that retail outlet and buy a card in the amount of your choosing. Typically, they are sold in amounts ranging from $10 to $100 (the amount may be displayed in different currencies in various countries), though you can of course buy any combination of cards you need to fulfill your depositing needs. You can use whatever method you like to make this purchase: credit and debit cards work just fine, but you can also pay in cash, which is one of the few ways to quickly translate cash into an Internet gambling deposit.
Now that you have your cards, you’ll find that each one has a unique 16-digit PIN printed on it. This number is very important, as it identifies your specific card and is how you will transfer the value from your card to the sites where you want to spend it. Simply type in the PIN when prompted at the site, and you’ll instantly move your money into your casino account.
When it comes to prepaid options, Paysafecard is one of the most popular choices in the online gambling industry. It’s possible that Ukash (a voucher program) is slightly more common, but both of these products are pretty widely accepted, with various countries around the world having a slight preference for one or the other. In this case, the product is available in 42 different nations, making it an excellent option for most players around the world. Likewise the number of online casinos that accept Paysafecard is growing by the day, so there are a plethora of options for players to choose from.
One of the nice things about this option is that it does have some utility even outside the world of gambling. We know that many people who enjoy slots or table games are also gamers in a more general sense, and many social games and massively-multiplayer online games (MMOs) also take this card as a payment option. You could also find some uses for your leftover balances with messaging services such as Skype, as well as a smattering of other retailers. It’s not exactly a product that is taken everywhere, but chances are that there is somewhere outside of your favorite online casino that you visit where you can use it.
What Happens to Money I Don’t Use?
Any funds that are not spent immediately remain on the card. You can then use them at a later date for whatever purpose you like.
Are There Any Fees?
For the first year after you buy a new card, there will be absolutely no fees charged to you. However, if you do not use the full amount at the end of a year, you will start to be charged $2 a month. This means that the Paysafecard is not ideal for use as a long term store of value.
Can I Process Withdrawals Using This Method?
The Paysafecard has been used as a withdrawal method, though this is not as common as finding the card as a deposit option. When this is offered, you will be able to take your balance on a standard prepaid card, or withdraw month at an ATM using a branded MasterCard product.
Is This Available in the United States?
The Paysafecard is sold throughout the United States at retail outlets. However, card numbers that are offered from USA locations are designed not to work with online gambling sites. That means that, in most cases, this is not a good deposit method for Americans who are looking to wager real money on the Internet.
Where Can I Purchase a Card?
The Paysafecard website includes a searchable map that will show you all of the nearby retail outlets that sell their product. Overall, there are more than 500,000 places to buy this product, in 42 nations throughout the world.
Are Paysafecard a Reputable Company?
Yes they are. They are the same company that own 2 of the 3 biggest e-wallet systems online in Neteller and Skrill. They are as safe as owning a debit or credit card.