PAYSAFECARD
Founded over 13 years ago in Austria and with subsidiaries in over 7 countries, including Germany, Great Britain and USA, paysafecard is one of the most used online payment methods based on pre-pay cards or vouchers. Initially, paysafecard was mainly used for online shopping, but in the last few years it has also become an accepted payment method by most online bookmakers.
Paysafecard has managed to become such a popular online payment method because it offers something that no other online payment method can offer: 100% safety and discretion. While using most payment methods brings a risk (very little, indeed) because you share most of your details (including bank account, card number, card expiration date, CVC number etc.), paysafecard doesn't require any kind of personal details.
Here's how it works: paysafecard is basically a prepaid voucher/coupon with a 16 digit code. You can buy a paysafecard from over 450 000 sales points in 33 countries worldwide, especially from ticket vending machines with a touch screen that are on the streets, PayPoint offices or other places where you usually pay your bills or from where you buy prepaid charge credit for your GSM SIM.
When buying a paysafecard, you don't need to share any details, you don't need a bank account - you simply pay the money to the sale point, receive the code, and use that code on absolutely any betting site that accepts paysafecard as a payment method. Once you enter the 16 digit code on the website, the amount that you paid will be credited into your betting account. What can be easier than that?
Many bettors use paysafecard because it's a fast and easy solution to deposit online. For example, if a bettor doesn't have a credit card - he doesn't have any other possibility of making a deposit, or maybe a bettor doesn't want to use his credit card (salary card) for online transactions. There can be many reasons why a bettor can't or doesn't want to use a credit/debit card for online transactions, and this is the moment when paysafecard enters the scene and offers an excellent solution.
The great thing about paysafecard is that you can easily find a selling point by using the official paysafecard website or by installing a dedicated app on your smartphone/tablet (iOS or Android), also - you can open an account in order to check your balance or the ongoing transactions.
Probably, the biggest disadvantage of paysafecard is that you can use it for depositing, but not for withdrawing - meaning that if you deposit via paysafecard to an online bookmaker, you can't withdraw by receiving a similar paysafecard voucher with the total amount of your winnings. Most online bettors will need to withdraw the winnings to a bank account (or Western Union - if available).
Overall, paysafecard is an excellent option for those who want to buy things online or place online bets with real money without using or sharing personal card/bank details or for those who don't have enough money on the credit card at a specific time.
You may also want to read the following:
Depositing to an online bookmaker
Withdrawing from an online bookmaker
Skrill
