Paysafecard has become one of the popular payment methods adopted at online casinos and this is because it is a safe and secured option of making payment. Top online casinos use this prepaid card across different platforms to enable their players to make deposit and withdrawal easily on their website. The processing time for making payment using the Paysafecard is instant when compared to other payment options. We will be explaining how to use this prepaid card to make deposit and withdrawal in this article. You can get more information about top online casinos by checking out coin-onlinecasino .
How Paysafecard Casinos Works
Paysafecard is a prepaid payment option that is used for online transactions because of the improved security measure it has added to it. Players can open a Paysafecard account to purchase vouchers of different value say 10, 25, 40, 50, 75 or 100 in any currency of their choice. Paysafecard now sends the customer a 16-digit code that can be used to make online purchases at any online store. The Paysafecard website lists out the locations where you can get the vouchers in their country of residence. This payment method is available in about 40 countries of the world with different currencies.
Making deposits using Paysafecard is not any different from using conventional debit and credit card. Besides, using a Paysafecard mobile app can make making deposit easier as the locations where you can purchase vouchers are displayed on the app. To make a deposit, you need to buy a Paysafecard code/voucher. The next thing to do is to register with an online casino that accepts Paysafecard. Then you can go to the cashier menu to select Paysafecard as your preferred method of payment. After that, you can now enter your code and the amount you want to deposit then proceed to wager on games.
Most online casinos do not allow you to withdraw your winnings using Paysafecard but they allow you to use a service called "My Paysafecard". To withdraw, you need to set up a "My Paysafecard" account with the casino. You can register on the site to keep track of your Paysafecard codes. Then you can proceed to the "Cashier Menu" to make withdrawals from your account. You need to specify the amount you want to register then click proceed to continue. The processing fees for withdrawals are covered by the site and not by the customer. Your withdrawal request will be approved within 24 hours.
- Safe and secured payment option
- The site bears the transaction fee cost
Advantages and Disadvantages of Using Paysafecards at Online Casinos
One of the benefits of using Paysafecards prepaid cards at online casinos is that your personal information is kept secured and safe because the payment option uses a security code to verify their user's identity. Another benefit of using this prepaid card is that the transaction fee cost is borne by the site and not the user. Besides, Paysafecard supports different currencies across different countries of the world. The Paysafecard site has a mobile app that is mobile friendly and easy to access across all platforms. Players get the same experience on their desktop or mobile devices since it is cross-platform.
One downside to using Paysafecard is that it's not every online casino that accepts it as a withdrawal method. This non-acceptance is due to some country's laws and regulations and the structure of online systems of making payments. When Paysafecard is compared to other payment options, it has a smaller deposit limit. This is because of the threshold that has been set by the operators. The small deposit limit set by the payment option can be beneficial to players that have gambling problems or players that have issues setting a limit to deposit while playing games at online casinos.