One of the world’s most innovative payment methods paysafecard has grown in popularity alongside the rapid development of the online gambling industry. It was created in 2000, in Austria, and over many years spread to other European countries. Now part of the Paysafe Group, paysafecard is used all over Europe and is increasingly popular with online sports bettors.
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So, What Is paysafecard?
The concept is straightforward but effective. Essentially, it is a prepaid online payment method that makes it easy to carry out a range of transactions on the internet, including making deposits and withdrawals into sports betting accounts. Unlike e-wallet methods, there is no need to go through a registration process with this payment method. All you have to do is visit a retail outlet and buy a prepaid card. These are available all over the world at more than 500,000 points of sale and can be bought in various increments, ranging from £10 to £100.
|10£||N/A||24 Hours||£30||Claim Offer
|5 - 12£||5%||4 - 24 Hours||£100in free bets||Claim Offer
|10£||2.5%||12-72 Hours||£40in free bets||Claim Offer
Additionally, if you visit a PayPoint, you will be able to buy a paysafecard for higher amounts up to £175. When you buy a prepaid card, it will include a 16-digit PIN number, which you can then use to make purchases or to deposit funds into your betting account.
Do You Need to Set up an Account?
There is no need to set up an account in order to use the prepaid cards. But if you wish, you can go to the website and set up an account that will enable you to store any 16-digit PIN codes you acquire, keeping them safe. When you add a PIN number to your account, the funds will automatically be added to your balance, and you can then use your account to make payments or to fund your online sports betting account. It will also enable you to make withdrawals from your betting account, which you can’t do if you only use the prepaid card.
In addition, if you apply for a paysafecard Mastercard, you can use it as a regular bank card, enabling you to use your paysafecard balance at places where they don’t accept the prepaid cards. It also enables you to withdraw money from your account through any ATM. There is a small annual fee of £8 for the paysafecard Mastercard, so you will need to weigh up whether this will fit with your sports betting strategy before you decide to apply for one.
Managing Your Balance
Managing your paysafecard balance is easy to do. In fact, it has many similarities with the process of managing your mobile balance. You can download the paysafecard app onto your mobile device and use that to top up your balance whenever you like, using your preferred payment method. Or if you prefer to visit a paysafecard vendor, you can use the app to find your nearest outlet.
Advantages of Betting with paysafecard
The most obvious advantage of using paysafecard to bet is security. Whereas using a debit card or bank transfer requires you to give your bank or card details to the sportsbook, with a paysafecard, you simply use the 16-digit PIN, without having to hand over any of your personal details. This is particularly useful for online sports betting fans who are concerned about security and offers you a way to fund your betting account without putting any personal information at risk.
How to Bet with paysafecard
The number of online sportsbooks that accept this prepaid card is growing all the time, and you should be able to find plenty that offer this form of payment. There will usually be a minimum deposit amount, which is most typically £5 or £10, but deposits are made almost instantaneously so you won’t have to wait to be able to bet with your money. It’s impossible to withdraw money from sports betting account onto the prepaid card, but you can make withdrawals to your bank account, or you can set up a paysafecard account, as detailed above.
To make a paysafecard deposit with your chosen sportsbook, simply head to their Cashier or Payment section and find the payment option. You will then be asked to input the amount of your deposit and then the 16-digit PIN number. And that’s it; your deposit is complete!
Betting Bonuses with paysafecard
By making your deposit at a paysafecard bookmaker, you may be able to take advantage of a range of welcome bonuses and other promotions offered by sportsbook operators to attract new customers. In fact, some bookmakers may offer specific betting bonuses for customers who use paysafecard to make their deposits, so make sure you shop around to find the paysafecard betting sites that offer you the best deals for registering.
Perfectly Secured Personal Details
Whenever you make any financial transaction online, you can’t afford to ignore security, but sports punters who use paysafecard to make their bet deposits can be reassured that this method is one of the most secure you will find. Without having to hand over any of your financial details, you can fund your betting account to the level that you wish, enabling you to have more control and flexibility over your money and your online sports betting.
Conclusion: The Safe, Modern Way to Bet
There are a host of competing payment methods available for the modern sports bettor, but paysafecard has proven to be consistently popular with punters of all experience levels. It provides a flexible and secure way for you to make deposits and is definitely worth considering for sports bettors looking for a way to improve the way that they fund their betting accounts with their favourite sites.