How to Use Paysafecard to Bet

paysafecard

There are some online bettors who like to use debit cards to fund their accounts. Others like utilising e-wallets like Neteller or PayPal. There are even those who opt for the much more modern cryptocurrency option if it is available. Yet there are also those who like something a little more secure overall and those that like the option to bet online using cash if they want to. That’s why they opt for the Paysafecard banking method instead.

If you’re unfamiliar with the Paysafecard payment option, then worry not. We’re here to inform you on it. The prepaid online payment bases itself on vouchers that feature a 16-digit PIN code. They operate independent of you requiring an account or a debit card, which makes them accessible for many people.

What Is Paysafecard? – A Brief History

my paysafecard

The Paysafecard brand launched in Austria in 2000, when four friends combined their knowledge and efforts. Armin Sageder, Michael Müller, Reinhard Eilmsteiner and Michael Altrichter were those four friends, who had the idea of creating “cash for the internet”. It was from this notion that Paysafecard was developed. The four also brought Udo Müller and Joze Rant on board at the same time.

The product idea is a simple one, with Paysafecard vouchers being purchased at sales outlets and then used for paying for items online. This is done by entering a 16-digit code at the checkout. One year after the Paysafecard launches in Austria, it makes its way into the German market as well.

In 2002, the Paysafecard becomes available as a printed coupon or e-voucher, as well as in the shape of a physical card. Eilmsteiner then leaves the company in 2003, with Sageder transferring his CEO position to Michael Müller as he also exits. From the start of 2004, the payment solution becomes available to purchase online as well as in stores.

It was in the following year that Paysafecard received EU funding for the proceeding years, allowing it to tackle international expansion. Over the next few years, deals are forged to see the product launch in countries like Greece, Spain, Slovakia, Slovenia, and Great Britain. By 2008, it had received an e-money licence from the British Financial Conduct Authority (FCA) and a Swiss FINMA licence, allowing e-money to be issued throughout Europe.

Entering the 2010s, Paysafecard launched in many more countries, including Mexico and the United States of America. Michael Altrichter leaves the company in 2010 for new adventures, leaving Müller as the sole founding member of Paysafecard there. In 2013, Paysafecard is acquired by the Skrill brand, and Michael Müller transfers management to his brother Udo.

Two years later, Paysafecard becomes a part of the specialised payments platform known as Paysafe. In 2017, the company launches in the UAE and Brazil, and then becomes a main sponsor of the ESL one year after. In more recent times, Paysafecard has entered into partnership with a variety of top corporations, including YouTube Premium and Amazon.

How to Deposit with Paysafecard at an Online Sportsbook

paysafecard how to useTo start using Paysafecard at your favourite online sportsbook, you can go through some very simple steps. If you intend to use a physical voucher, then you need to go to your local outlet to acquire one of these – although as mentioned you can use cash for this you do not have to use a bank card.

Alternatively, you can open an online account up and order a Paysafecard voucher through that. In either case, you will receive a voucher with the necessary 16-digit PIN on it.

From there, you can use the funds on the voucher to deposit into your online betting account. Once you locate a sportsbook you would like to use a Paysafecard at, you need to go through these simple steps:

  1. Register for an account at the sportsbook by entering your details on the sign-up form.
  2. Go to the cashier and select Paysafecard as your preferred payment method.
  3. Then, enter an amount to deposit and the 16-digit PIN on the voucher of your Paysafecard.
  4. Check the details of the transaction and confirm it to make the deposit.

If you have multiple Paysafecard vouchers, then you can enter several, one after the other. Up to 10 PINs can be entered in a single transaction, allowing you to combine money from several cards into one deposit.

If you’re using an online Paysafecard account, this works as an e-wallet setup. So, instead of entering a PIN code, you just need to login with your wallet username and password after entering the amount you want to deposit.

Paysafecard does also operate as a withdrawal method with some online sportsbooks. This all depends upon if the site supports it as an option for this process. If so, then you need to own a Paysafecard account. Again, you simply request a specific amount to withdraw, enter the Paysafecard account details when requested, and the request is usually processed within 24-48 hours.

Benefits of Using Paysafecard for Online Betting

uk money different coin valuesIt’s not just the fact that Paysafecard is an alternative and unique payment methods amongst the masses that makes it so appealing. There are various other benefits that come with using this banking option for your online betting activity. This includes advantages like:

  • Instant Deposits – When you decide to deposit through Paysafecard, the funds will transfer from the voucher (or your online account) into the sportsbook account straight away. This means you can start betting instantly.
  • Use Cash – Paysafecard vouchers can be purchased in many shops with cash, which means you do not need to have the transactions on your bank account.
  • No Fees – Unlike some other payment methods, you won’t have any fees to pay when you use Paysafecard. Whatever you want to deposit is the amount that is deducted from the voucher, and nothing more.
  • Safety & Security – It’s always ideal to use a safe and secure banking method. Paysafecard transactions aren’t connected to any bank account or card, so you won’t be exposing any such details to the gambling platform.
  • Downloadable App – Paysafecard also provides a mobile app that you can download and use for Android or iOS devices. Through this, you can store the information on all vouchers you purchase, with the balance of each being present alongside.