The Paysafecard is one of the safest ways in which you can deposit money online. The company are essentially an e-wallet, but it allows you to use a separate card for each transaction you make, eliminating the use of uploading bank or card details to numerous betting accounts. The company, founded in Austria, is popular within the UK and across Europe.
The card works by physically buying a pre paid card that includes a 16-digit number along with a dedicated pin. It works in much the same was as your debit or credit card would, except there is no need to supply any personal or banking details to go with it. Each card can be picked up directly from a number of outlets such as supermarkets, newsagents, petrol stations and more.
Betting Websites That Accept Paysafecard
How to Deposit Using Paysafecard
You will need to first go and purchase your Paysafecard from any number of outlets across the selected countries above. You can simply go to the Paysafecard website and enter your location to find which shops sell these locally.
Your card will include a 16-digit number (similar to that of your credit or debit card) and a pin in which you need to scratch to reveal. Make a note of how much is on your card and also the pin, as you will need to know both before depositing.
After logging in to your betting account you will then be asked to enter the amount you wish to deposit and to enter your password again. Once this has been confirmed you will be forwarded onto the Paysafecard website where you need to enter your 16-digit code along with your pin. If you have a Paysafecard account you can also enter your username and password at this point to access previous cards with funds on.
Simply click the ‘Pay’ button and your account will be instantly credited with the amount selected. Should your account not be credited then we would advise checking the amount on your card as if there are any flaws then the transaction will fail. There will also be a currency converter tool at your disposal if you are depositing in a currency that is different from that of your card.
What Countries Can Use Paysafecard’s for Online Gambling?
The UK, Austria and Germany are three areas where the Paysafecard is most popular. Being an Austrian based company this is pretty understandable, but the ability to use it in a number of countries around the world makes it one of the most accessible from our list. Countries that currently accept Paysafecard’s for online gambling are:
- Czech Republic
The Paysafecard has become one of the most popular ways to bank within the online gambling sector. It’s ability to be used in a variety of different ways form countries around the world is one of the main reasons behind its popularity.
How It Started
The company has been about since 2000 and it was their aim to allow people to use a banking method that would keep their details from being storable online with these gambling companies. They started life by taking telephone payments using the card, but eventually moved to more electronic versions as technologies advanced.
The company was originally based in Austria and it was Hannes Androsch who was the figurehead behind the Paysafecard. He was able to bring in IBM Austria to help with the technology of the card before then going live in 2000 in Austria and a year later in Germany.
As the process of the payments was between different companies the cards needed to be pre-approved by banks. In Germany, the Commerzbank was the first bank to approve pre-paid cards such as this, which later turn out to be a revelation within a number of payments sectors.
By 2006, the company were already heavily featured in Great Britain, Spain, Greece, Slovenia and Slovakia, as well as Austria and Germany. Just a year alter the company had revealed that they had taken over 10 million transactions.
In order to expand the company needed to get their bank licensing and legislation under control. This meant that they were able to grow within all states within the EU, with the only exception being that of Estonia. This progress allowed them to receive a MasterCard license, which again added another layer of depth to an already impressive product.
In 2009, they decided that they needed to grow into markets outside of the EU, with the first being in 2009 within Argentina. This was met with great success and the soon followed products within the USA, Mexico, Canada, Peru, Uruguay, Australia, New Zealand, Kuwait and Saudi Arabia.
The company’s expansion wasn’t going unnoticed and soon got their slightly larger competitors looking at possible acquisitions. In 2013, a deal was finally done with British e-wallet, Skrill, buying out for a reported £140 million. Skrill also were able to take over Paysafecard’s biggest competitor in UKash, which essentially allowed the two companies to merge into one.