Paysafecard is one of the many online payment methods that are now facilitated by sports betting websites. The prepaid card provides an extra level of security and flexibility when making your sports bets. This is due to the fact that you don’t even need a credit card or bank account to use Paysafecard. As a result of this flexibility, there are a growing number of people keen to see what kinds of Paysafecard betting sites are currently out there.
To help meet that interest, we’ve created a shortlist of the most reliable Paysafe betting sites currently in existence. This should allow you to find a trustworthy bookie who accepts this kind of payment method. Additionally, we will look at how a bookmaker’s Paysafecard terms and conditions could affect how much you can deposit and withdraw. Plus we will take a look at the history of Paysafecard so that you can see why it suits online sports betting so much. Finally, after reading our pros and cons regarding this payment method, you should have everything you need to decide whether you should use Paysafecard. So read on for our in-depth guide and learn more about how to make a bet at one of the reputable Paysafe betting sites.
Paysafecard was launched in 2000. It provided customers with a very 21st century method of making online payments. Rather than requiring users to tie their online purchases to a bank account or a credit card, Paysafecard can be bought offline, but used online. In order to use Paysafecard, you just need to enter the 16-digit PIN number supplied when you buy the card. From there, you can enjoy safe, secure and fast payments for a wide variety of goods and services online.
The Paysafecard project was devised by four Austrian entrepreneurs, who realised that there was a gap in the market. They understood shoppers wanted a quick and easy way to pay for online products. Such was the success of Paysafecard that it expanded across Europe, eventually acquiring an e-money license from the British Financial Conduct Authority.
With further successful launches as far afield as North America and New Zealand, Paysafecard has gone from strength to strength. We’ve seen the payment method used for over 120 million transactions worldwide in 2017. You can use your Paysafecard to make payments for anything from online music services like Spotify, to communication tools such as Skype.
We, however, are going to focus on Paysafecard’s potential for betting sites. We are going to see how Paysafecard sports betting can give you an extra level of flexibility and safety when wagering online. So, read on for all the details you need so as to make use of this great payment method.
Which Bookmakers Accept Paysafecard?
Top Three Operators For Paysafecard
In order to make a bet with your Paysafecard funds, you’re going to need to find a bookmaker who facilitates the payment method. Here are three great examples of Paysafecard-accepting betting sites.
As one of the UK’s longest-running bookmakers, William Hill is always a safe pair of hands for your sports betting needs. The bookie facilitates Paysafecard deposits of anywhere between £10 and £200. Your payment should arrive instantly in your William Hill account. William Hill state that they will not charge a fee for the transaction, but Paysafecard occasionally charges fees for refunds and payments made in foreign currencies. It’s therefore advisable to double-check the terms before you make your deposit. Like most other betting sites, William Hill only accept Paysafecard for payments, but they do allow you an easy way to withdraw via a bank transfer. This means that you can withdraw winnings of anywhere between £25 and £99,000. Be prepared to send some identification documents to validate the payment, however. Additionally, the funds might take between five and 10 working days to show up in your bank account.
This is one of the most popular bookmakers in the world, and they feature Paysafecard amongst their wide range of payment options. You can make a Paysafecard deposit from as little as £10, and the bookie states that the funds will take around 10 minutes to arrive in your account. As Paysafecard is usually only used to make payments, you cannot withdraw any winnings from 888Sport back to your prepaid card. However, the betting site allows you to make a withdrawal to other sources. These include Visa and Maestro debit cards, or via bank transfers. All of these withdrawal methods have a minimum threshold of £3, except bank transfers which have a £10 minimum withdrawal amount. These withdrawal methods can take up to eight days to process. Again, you will also need to provide some documentation in the form of photographic ID and proof of address for your first withdrawal.
This hugely popular bookmaker allow you to make speedy deposits via Paysafecard. At the moment, you can only make a Paysafecard payment through the desktop version of the website, which is a little limiting. However, you can deposit from as little as £5 and see the money appear immediately in your account. Like most other bookmakers, PaddyPower won’t allow you to withdraw winnings back to your Paysafecard. Instead, you are able to collect your money by making a bank transfer; you can do this from as little as £10 at a time. PaddyPower state that it should only take them between one and five days to process the payment. As with other bookies, you will need to provide a copy of your bank statement along with photographic ID when making your first withdrawal. PaddyPower allow you some of the lowest limits for minimum deposits and withdrawals. This makes it clear PaddyPower are keen to make life simple for Paysafecard users.
Are There Any Charges To Use Paysafecard?
One of the biggest benefits of using Paysafecard is the fact that the payment provider won’t charge you a penny for making an online transaction. Similarly, the majority of reputable bookmakers won’t charge you any fees for using the prepaid card. With that said, be sure to double-check the bookie’s terms and conditions and contact customer support to clarify if needed.
We should mention the fact that Paysafecard do occasionally add some fees, but only in very rare circumstances. One fee is a maintenance fee that occurs every thirteenth month after you purchase a Paysafecard. This costs £3, which is deducted from the balance of your card. If you claim a refund via your Paysafecard, the payment service will add a redemption fee of £6 from your refund. There are also conversion fees for any payments that involve foreign currencies. You can check the Paysafecard currency converter to see how much this will cost you each time. Finally, if you go an entire year without using your Paysafecard, then the payment provider will deduct £2 from your account. This is for maintenance purposes but can be avoided by making regular transactions.
What Are The Advantages Of Paysafecard?
#1: Paysafecard is hugely popular amongst sports betting fans. One of the primary reasons for this is the fact it allows you to keep your betting funds separate from your regular money. This is important as you should only ever wager with money that you don’t mind losing. So when you use a Paysafecard, there’s no danger of you blowing your household budget on a daft sports bet. While we may think that we can always keep our gambling under control, this isn’t always the case. Paysafecard gives us that extra level of insurance to ensure that we only bet in a responsible manner.
#2: As your Paysafecard is completely separate from your bank account and credit card, you also benefit from enhanced security. While top betting sites are licensed, regulated, and feature the highest level of encryption, there’s always the potential for problems when using money online. We have seen a handful of examples of how hackers have managed to defraud people within the digital domain as a result of human error. So why not play it safe and use Paysafecard to ensure that there is no chance of being hacked when enjoying some sports betting.
#3: Paysafecard users also enjoy very fast transaction times. While payments made with debit cards and e-wallets may take a few hours to arrive in your account, Paysafecard deposits should show up instantly. This means that you can get to sports betting sooner, as there’s no need to wait for the transaction checks with other payment methods. Finally, the lack of processing fees ensures continued popularity for Paysafecard with sports betting fans.
Conclusion: So if you want a safe, fast and cost-effective way to bet on your favourite sports, be sure to check out where you can pick up a Paysafecard.
What Are The Disadvantages Of Paysafecard?
#1: The most obvious reason not to use Paysafecard is the fact that you can’t make withdrawals back to the prepaid card. While Paysafecard introduced a new Payout feature in 2015, few bookmakers have implemented this option. Instead, most bookies will prefer to only allow you to withdraw via bank transfer or cheque. This slows the whole process substantially. So if you want fast withdrawals, then Paysafecard might not be the best option for you.
#2: It might seem like a minor issue, but the fact that you can only buy Paysafecard vouchers in limited denominations might put off some betting fans. While there are over 600,000 Paysafecard sales outlets worldwide, and even more online, the denominations available are limited. You can usually buy Paysafecards in denominations of £10, £25, £50 and £75. This should be more than enough for most people, but if you need more flexibility, then you might need to find an alternative payment method.
#3: While the majority of online bookmakers are happy to take payments from Paysafecard users, there are a few betting sites that have yet to facilitate the payment option. This means that Paysafecard users have a smaller choice of betting odds to choose from due to the limited number of bookies. This, in turn, means that you could potentially miss out on some of the best odds available on your chosen sport. Thankfully, nearly all of the best bookies now accept Paysafecard so this shouldn’t be too much of an issue.
Conclusion: While the limited denominations and acceptance of Paysafecard can be overcome, punters can be put off by the lack of withdrawal options.
Full Test — Our Experience Using Paysafecard at Paddy Power
In order to really see the pros and cons of using Paysafecard, we decided to put the payment method to the test at one of Europe’s top bookmakers, PaddyPower. The Irish betting site allows customers a wide range of payment options. These include bank transfer, debit and credit cards, as well as e-wallets like Neteller, Skrill and PayPal. And, of course, they accept Paysafecard, so we thought it the perfect place to see how this payment method works in action.
As soon as we had verified our new PaddyPower account, we could head to the deposit section of the desktop website to make our first payments. While it was great to find that we could make a Paysafecard deposit at PaddyPower with as little as £5, we were sad to find that our Paysafecard deposits would not qualify for the brand’s welcome bonus offer. This is because only initial deposits made with credit cards, debit cards and PayPal would qualify for their £10 risk-free first bet deal. We thought this was a real shame.
Thankfully, we were glad to find that our Paysafecard deposit quickly appeared in our account balance. This helped us make plenty of sports bets, much as you would with any other payment method. Additionally, there weren’t any processing fees for using our prepaid card. This meant we could also make multiple payments so as to make bets throughout the day. As we were placing a number of bets on football matches and horse racing events, this flexibility was highly useful.
At the end of the day’s betting, we managed to get some decent winnings and went to withdraw our funds. Sadly, we discovered that, like many other bookies, PaddyPower don’t allow you to make withdrawals back to Paysafecard. This meant that we had to make a withdrawal via bank transfer. This required some identification checks and took nearly five days to turn up in our bank account. So while we could make fast payments with Paysafecard, the same didn’t apply for withdrawals.
Is Depositing With Paysafecard Safe?
The fact that Paysafecard isn’t linked to your bank account or credit card means that this is one of the safest ways to add funds to a bookmaker’s website. Each Paysafecard comes with a 16-digit PIN number that you activate in order to transfer money. This ensures that only you have access to your betting funds. Once the money has reached the bookmaker, then it’s just as safe as any other online payment method. The simple fact that your Paysafecard is separate from your bank account means that if your account does get compromised, you won’t suffer too much financial damage.
What Are The Alternatives To Paysafecard?
The lack of withdrawal methods means that many sports betting fans will be discouraged from using Paysafecard. Thankfully, there are plenty of other payment methods to try. Most punters tend to use credit and debit cards like Visa, MasterCard and Maestro. These standard options enjoy low minimum deposit and withdrawal amounts, and they are accepted by nearly all reputable bookmakers. If you are looking for a payment method with fast withdrawal times, then you should check out e-wallets like PayPal, Neteller and Skrill. These offer you a great deal of flexibility and security, although they don’t always qualify for a betting site’s welcome bonus. Finally, there are plenty of other payment methods available. These range from old-fashioned bank transfers, to cryptocurrencies like Bitcoin and prepaid cash cards. As a result of this vast range of choices, you should have no problem in finding a payment method that’s perfectly suited to your own betting needs.