Paysafecard UK is an innovative payment method that allows people to purchase goods and services online without needing to own a debit/credit card or bank account. The team behind Paysafecard first launched the project in 2000 and they are headquartered in Vienna, Austria. However, they were subsequently bought out by e-wallet provider Skrill in 2013. Nevertheless, the Paysafecard is an excellent way to buy things online without having to expose your personal information.
What is Paysafecard?
Essentially, in order to purchase a Paysafecard, you can visit a range of stores in the UK, which primarily can be found within supermarkets, convenience shops and kiosks. Paysafecard are fully authorized by the UK’s Financial Conduit Authority (FCA), giving users an element of regulatory oversight.
In our ‘Paysafecard UK’ guide, we are going to explain how the payment method works, how you can use it to fund your online casino account and finally, whether or not any notable casino bonuses and promotions are available.
How does Paysafecard work?
If you are worried about sharing your debit/credit card details online, then it may be worth using Paysafecard. There are now a range of leading Paysafecard casinos that allow you to deposit in this manner, meaning that you can still gamble on the go without needing to expose sensitive financial information.
In order to get started with Paysafecard casinos, you will first need to visit an outlet that is authorised to issue them. To give you an idea as to where you can go, UK suppliers include WH Smith, Asda, McColl’s Retail Group, One Stop and most stores that have the PayPoint logo advertised.
You have the option to purchase the card in pre-defined denominations, which is available as a £10, £25, £50, £75 or £100 top-up. Once you make the Paysafecard UK purchase, you will then be handed a card that contains a 16 digit pin number. Do not mistake this for the 16 digit number found on the front of a debit/credit card. On the contrary, this pin number is specifically for Paysafecard purchases.
It is important to note that you cannot spend more than you have on your Paysafecard. If you do attempt this, the transaction will simply be rejected. On the other hand, if you have funds left over that you no longer want to keep on your card, you can withdraw them back to your bank account at a fee of £7.50. Note, you will need to verify your identity if you choose to go down this route.
So now that you are more familiar with how the Paysafecard works, in the next part of our ‘Paysafecard UK’ review we are going to look at how you can deposit at Paysafecard casinos.
How do I deposit at Paysafecard UK casinos?
The deposit process at Paysafecard casinos is very straightforward. Once you have created an account at your respective Paysafecard UK operator, proceed to navigate to the deposit page. Scroll down the list of payment options and look for Paysafecard.
Upon choosing how much you want to deposit in the Paysafecard casinos operator, you will then be re-directed to your Paysafecard account. Here, you need to enter the 16 digit number that is displayed on your Paysafecard. Finally, once you conform the transaction amount, your deposit will be validated. Unless there is an underlying issue, Paysafecard casinos will credit your gambling account immediately.
Although it depends on the individual operator, most Paysafecard casinos do not charge a fee to deposit with this particular payment method. Please note, that you will need to repeat the above steps if you decide to make subsequent deposits.
So now that you know how to deposit with Paysafecard UK operators, in the next part of our ‘Paysafe UK’ review we are going to look at the withdrawal process.
How do I withdraw via Paysafecard casinos?
Although Paysafecard is not backed by any bank or financial institution, it is still possible to withdraw your winnings back to the card. As long as you previously used the card to make a deposit, Paysafecard casinos will allow you to withdraw funds back to your Paysafecard UK account.
Whilst withdrawal times will vary from operator-to-operator, Paysafecard UK casinos usually process a cash-out request the same day.
Upon withdrawing back to your Paysafecard UK account, you can then use the funds at a different outlet, or alternatively, pay the £7.50 fee to transfer the money out to your UK bank account.
Paysafecard UK: Pros and Cons
- Secure way of depositing funds without exposing financial information
- Usually no fees to deposit or withdraw
- Allows those without a debit/credit card or bank account to gamble online
- Inconvenient way to deposit
- High fees (£7.50) to withdraw funds from Paysafecard UK to bank account
- Not all online casinos accept it
Best Paysafecard casinos: Promotions and offers
Before delving in to the best Paysafecard UK casinos, it is important to note that some promotions do not allow the Paysafecard to be used as a payment method. Therefore, it is always best to first read the terms and conditions, prior to making a deposit. Nevertheless, here are some of the most notable Paysafecard casinos that offer bonuses.
Since their inception in 2014, Casumo have risen up the online casino rankings due to their highly interactive platform that stands out from the crowd. Paysafecard UK casinos such as Casumo offer slots, live dealers and of course, software games. New customers are afforded a 100% welcome bonus up to a maximum of £300. Wagering is set at 30x and as per their terms and conditions, there is no mention of any ineligibility for usage of Paysafecard UK.
An additional Paysafecard UK operator that is worth a mention is that of Ladbrokes. As a leading UK based bookmaker and online casino, they have a significant share of the British gambling arena. Their online product range spans table games, slots and live dealers, as well as virtual games and bingo – plus more. This particular Paysafecard UK operator offers new players a ‘Bet £10, Get £50’ offer. Upon checking the terms and conditions, the only two payment methods that have been specified as being invalid for the promotion is Neteller and Skrill – so you should not have any issues.