As the web grows to enormous proportions, it’s become a whole world entwined with our current lives and established itself with each growing memory. At the present time, life without the internet has become unimaginable. This is absurd because just a generation before, the internet was virtually non-existent. And why not? The road down the web is one laced in convenience and filled with information. Now that the web is so interweaved with each step in our lives, it’s become a part of our decision-making that we’ve started to depend on it for everything. From how we acquire information to more convenient ways of modern living, its become a no-brainer to turn to the internet. This even includes our most vital financial transactions which are moving online.
As industries move their businesses online, different ones emerge, each with a new agenda in mind but made possible by the surge of the web. Now, whole industries that are web-dependent have come to be and have created a new need for the selling and purchasing of products online. This is where online payment methods come in as a third party entity for all online transactions. And its because of their simplicity and convenience that these types of entities are gaining traction for their own slew of offers. And of course, it also makes sense that exchanging financial transactions online does come with a risk, so it becomes just as vitally important to choose the safety and security of the preferred mode of payment you’ll be using to transact or even store your money on an online platform.
Paysafecard as a payment method
The reason behind Paysafecard’s popularity as the preferred payment method of so many who do their transactions online is because of its convenience. In fact, it’s become one of the most popular payment methods in online casinos all around the world where it’s available. Paysafecard and those in other countries all share the same feature: it’s prepaid.
Paysafecard is a prepaid debit card that you can reload in any of its carriers. Paysafecard is normally offered as one of the main options in numerous online casinos but is not limited to that industry alone. You can purchase from any of the merchants that offer Paysafecard as a payment option. Paysafecard is neither a virtual wallet or a credit card. It is more consumer-oriented where users are able to purchase the card, reload and purchase online in the realms of gaming, online casinos, music, e-commerce, and many more.
Paysafecard is available almost everywhere—convenience stores, ticketing offices, and even online through online banking, so loading up Paysafecard and other countries where the card is available is simpler and more convenient than ever. And for those looking to transfer funds into your account in an online casino, its relatively easy to do so.
Background
Back in the earlys 2000s, the Paysafe Group was still composed of Optimal Payments, Netbank and Neteller where each were created in the late 90s. It is now the owner of Skrill and Neteller .
It was in 2017 that the Paysafe Group was sold to Black Stone Company and CVC Capital Partners. It was in December of the the same year that Paysafe was delisted from the European Stock Exchange.
How to use Paysafecard
It’s simple and easy to use Paysafecard. First, purchase a Paysafecard from any of the outlets carrying them. Next, choose the amount you want which ranges from 10, 25, 50, 75 to 100. The card will have a 16-digit PIN which you input with every purchase from the thousands of online stores that have Paysafecard as a payment option.
Deposits into your online casino accounts are also fairly easy to do, but most of all, possible through the instructions offered in your desired online casino. However, withdrawing funds is not feasible with Paysafecard and will need to redirect to other payment options like Neteller and Skrill to cash out.
Products and Services of Paysafecard
While Paysafecard is a prepaid service, it does offer some special features through Paysafecard Online Account and Paysafecard Mastercard. Paysafecard Online Account is a personal online payment account that helps multiple PaySafeCard Pins in one account. Of course, your account will be guarded by a username and password as a means of verification.
Paysafecard Mastercard is a plastic card much like your typical credit/debit card but allows you to reload, even online, providing you already have a Paysafecard Online Account synced. Transactions with the Paysafecrad Mastercard also allows you to make transactions online and offline.
Pros of Paysafecard
- It’s convenient enough because of its availability in almost every convenience store. All you need to do is load up and enter the 16-digit PIN to purchase in online stores.
- It is guarded by a verification process which is the 16-digit PIN you use to in all your purchases.
- There is no commitment to postpaid subscriptions with prepaid cards.
- You can deposit any amount you want thus not adding time pressure on payments.
- This is preferred by those who want a simple and anonymous platform for their transactions.
Cons of Paysafecard
- Players can’t withdraw winnings using Paysafecard. Because of its prepaid nature, it only allows payments.
- Although you use PIN codes as a mode of payment, you cannot combine them when depositing in an online casino.
- Another risk is the nature of the cards. Because it’s also a physical card, the chances of it being misplaced is higher.
Final Word
Paysafecard is an alternative to those who don’t want to be held back by a subscription plan. Its prepaid nature allows the freedom of loading up as needed. Although these invite certain risks and also doesn’t allow the withdrawals of your winnings from online casinos. Paysafecard is both a convenient and anonymous way of making payments through a prepaid card system.
