What is Paysafe?
Paysafecard is a prepaid payment method that allows users to make payments online without even needing to have a bank account or debit/credit card. This payment method is effectively a voucher system, where Paysafecard codes are purchased from shops and then by entering the code you can make purchases or fund your online live dealer casino account. Because you can use cash to purchase the vouchers, this has proven extremely popular as a funding method for online players, and having been in existence for over ten years (originally as ‘UKash’) this has become widely used across the globe.
Advantages of Paysafecard
Paysafecard is basically ‘online cash’, since you are exchanging actual cash money for the vouchers whose code numbers allow you to access money online. Many people don’t want to get their banks involved with online gambling funding, making Paysafecard a popular solution. Also, the service is quick and simple, with no verification required and no need to worry about data breaches. Just buy your voucher code from a participating local store, and enter it where shown to fund your online gaming account. These days most major betting sites will support Paysafecard in countries where the service is available.
Disadvantages of Paysafecard
One major disadvantage when it comes to using Paysafecard to fund your live dealer casino account is that you cannot process withdrawals back to your account. That means that if you are depositing with the Paysafecard system, you will usually be required to withdraw to your bank account. With bank transfers being the slowest withdrawal method, this means you will experience delays of at least a few days to receive your money, and also some banks won’t accept funds from a gambling site. Another issue is that unfortunately Paysafecard can only be purchased in Europe, Oceania, some countries in the Middle East, North Amreica and a few countries in South/Central Americas. This means that residents of countries in Africa, Asia and most of South America will not be able to use this system.
If you are looking for a straightforward, no-frills funding method for your live dealer casino account then Paysafecard is just right for you. The voucher system uses more or less the same system we are familiar with when it comes to topping up smartphones, and transactions are completed in seconds. Of course there are the drawbacks mentioned above, but if you are living in a country where you can purchase the cards and are more interested in fast and unfussy deposits than quick payouts, then Paysafecard can work for you.