The Paysafecard Group is an online payments company which is based on the Isle of Man. It is therefore regulated via the UK Financial Conduct Authority (FCA) and is regarded as safe to use within the United Kingdom, especially at online and mobile casino sites.
Paysafecard is in effect a pre-payment method. You can buy these cards from many local convenient stores and selected petrol stations, meaning that there should be a participating retail outlet near you wherever you live. You can buy cards wherever you see the yellow PayPoint PP logo, and at many other participating retailers.
You can buy these pre-payment cards in several denominations. All participating retailers sell cards ranging in value from £10 up to £100. PayPoint outlets can offer cards up to as much as £175. Each card has a unique 16 digit PIN number. All you need to do is key in this number at your casino site of choice to make a deposit to your virtual wallet. You do not need to spend the entire amount either. Remaining credit remains on the card for you to use for a future purchase.
You can now even set up a Paysafecard account. This has several advantages. Firstly, if you have several active cards, you can register them with your account so you can easily check how much credit is left on each. Furthermore, you do not then have to remember each PIN: you can use your account to make casino deposit instead. All you will then need to do is pay using your account username and password, rather than the individual Paysafecard PINs.
There are generally no charges to the user when using Paysafecards to make payments. The exception is if you do not use your Paysafecard (or your account if you have one) for more than twelve months. In this case a monthly maintenance charge is attached to your card (£3) or account (£2). Retailers, who are charged a commission when they accept your payments, effectively pay for the service.
Paysafecard is a very convenient way to make a deposit at a casino site. It is particularly useful for customers who do not have a credit or debit card. The fact that you can buy them locally, with cash, makes them an ideal solution to the problem of making online payments. Online retailers cannot accept cash, so before the advent of payment services like Paysafecard, paying for goods and services online was a real problem if you didn’t have a plastic card of any kind. It is also an ideal payment method for people who do have a credit or debit card but not wish to use their plastic. This could be either for security reasons, such as doubts about the security of a payment site, or reluctance to supply your personal financial details to unknown online retailers. Another possible reason is the need for confidentiality. This is therefore ideal if you feel a casino site you are about to join is not entirely safe. This way you know will your debt and credit card details will be safer until a later date.
The one important thing to remember is that your Paysafecard is effectively equivalent to cash. Like cash, it cannot be replaced if lost. Also, remember that each card PIN is unique, so you have to keep it secret and safe. Anyone with access to that number can use it, so you will need to guard it as if it were real cash.