Paysafecard is a type of cash voucher that can be used at a variety of online casinos in a number of jurisdictions. Available through a number of retailers, Paysafecard is often chosen for its convenience and security. Currently available in a total of 5 currencies (euro, pound, US dollar, Swiss franc, and Swedish krona), it's easy to see why Paysafecard is one of the most popular deposit methods worldwide.
No US Dollar Deposits
Because of recent regulation put in place by the United States Department of Justice, Paysafecards funded with the US dollar cannot currently be used at any online casino. However, a select few US-friendly casinos do allow Paysafecard deposits in other currencies. If you're a US player, ask your casino's support to see if Paysafecard is an option for you.
Unlike most other methods of funding an online casino, Paysafecard is not an e-wallet. As such, using it does not require completing any secondary registration forms, verifying any data, or waiting for transactions to get processed. Rather, Paysafecard works on a ticket system that allows you to buy a 16-digit code, then redeem it at any participating merchant for the full cash value.
Obtaining a Paysafecard
The most convenient way to get a Paysafecard is to go to a local certified retailer. If you are unsure where you can get a Paysafecard voucher in your neighbourhood, go to their website and enter your location to get a detailed list of nearby locations. Then simply go to the store and purchase the Paysafecard voucher of your choice. Make sure to specify that you want an over-18 code.
You may also purchase a Paysafecard through a few online exchangers. These are typically more expensive than a store would be and are not nearly as secure, so make sure you pick an exchanger you trust if you opt to go this route. Instead of getting a physical Paysafecard voucher, you will simply get emailed the code. Due to the higher risk of online transactions, good Paysafecard exchangers will also put a password on the code.
Redeeming a Paysafecard
Once you have the Paysafecard 16-digit code, you'll just have to load the casino of your choice and click Paysafecard in the cashier. This should redirect you to the secure Paysafecard website, where you must enter your code along with a password if it came with one. The funds should then automatically be credited to your casino account.
Advantages of Paysafecard
The most obvious advantage to using Paysafecard is the high level of convenience. In order to get one, all you have to do is take a trip to a local merchant and make the purchase with cash. You don't have to make an account somewhere or be subjected to long waiting times. Once you've got the voucher, you're free to use it instantly.
Another big plus with Paysafecard is the added security it provides you (assuming you go through a local retailer rather than an online exchanger). The ability to purchase them with plain cash makes them a great way to deposit online without sharing credit card or bank information.
Disadvantages of Paysafecard
Paysafecard is only available in fixed amounts that vary from currency to currency. As such, you may have a difficult time if you like to deposit odd amounts or are a particularly high roller. In these instances, you may want to look into a more practical e-wallet solution.