Paysafecard

Review of the Paysafecard payment method, which is widely used in online casinos, betting offices, and e-shops.

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paysafecard web Paysafecard is the most popular prepaid payment method, highly popular among computer gamers as well as players at online casinos and bookmakers. Paysafecard functions as a prepaid card and collaborates with a wide network of partners where the card can be recharged, such as gas stations, kiosks, Pepco, and Czech Post.

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What is Paysafecard?

Paysafecard is one of many payment methods you can use today. Essentially, it works like internet cash. At any of the many outlets selling paysafecard, you deposit money and in return receive a receipt with a unique 16-digit code, which has the same value as the cash you deposited. You can then use this code to make payments in the online world as if using cash. At the merchant’s site where you decide to make the payment, select Paysafecard as your payment method, then enter your 16-digit code, and that’s it. The main advantages of this method are anonymity, security, speed, and that you do not need a bank account to make a payment. A disadvantage, similar to cash, is that if you lose the receipt with the code, you lose your money.

History of Paysafecard

Paysafecard was established in 2000 in Austria. Initially, it was a startup with the aim to create a simple and secure online payment method for those who do not want or cannot use credit cards. Later, Paysafecard became part of the Paysafe Group and has become one of the most popular payment methods for online purchases in Europe. Today, Paysafecard is used in more than 50 countries worldwide. To this day, Paysafecard remains one of the biggest startup companies in Austrian history.

Who owns Paysafecard?

Paysafecard is owned by Paysafe Group, based in the Isle of Man. This company focuses on digital payment technologies and provides solutions for e-commerce and online payments. In this field, it is among the leading providers. Besides Paysafecard, it also operates other digital payment solutions such as Skrill, Neteller, and Paysafecash.

How to recharge Paysafecard?

Depositing money onto Paysafecard is also one of the main advantages because you do not need to have a bank account. There are various ways to deposit money, and we will present some of them here.

How to deposit money on Paysafecard offline?

This option is the simplest of all. Your task is to visit one of the numerous partners’ outlets of Paysafecard. At the outlet, you tell the staff that you wish to buy a Paysafecard and the amount you want. You can choose from vouchers valued at 200 CZK, 500 CZK, 1,200 CZK, and 2,500 CZK. After paying, you receive a receipt with your unique 16-digit code.

Among partners in the Czech Republic include:

  • BILLA
  • Czech Post
  • Benzina
  • GECO
  • PEPCO
  • EuroOil
  • SHELL
  • Sazka
  • OMV
  • etc.
The nearest outlet can be found on the official website.

How to deposit money on Paysafecard online?

To be able to recharge Paysafecard online, you will need a bank account. However, Paysafecard still maintains its security because you do not need to share your banking details with multiple merchants, only with the Paysafe company. So, what are the options for recharging Paysafecard online? The first option is to find an online store that sells Paysafecard (in the Czech Republic, for example, the web Herní-kupony.cz). Online stores offer vouchers valued at 100 CZK, 300 CZK, 1,000 CZK, and 2,000 CZK. The code will be sent to you immediately after the payment has been made. However, this option has the risk of fraud, so always check whether the website has an official partnership with Paysafecard. The second option is to use a myPaysafe account, through which you can deposit and withdraw money. You will learn more about myPaysafe later in the article.

How to pay with Paysafecard when online betting?

  1. Buy a 16-digit Paysafecard code.
  2. Select a website that accepts Paysafecard as payment.
  3. When depositing money, choose Paysafecard as the payment method.
  4. Enter the amount you want to deposit.
  5. Enter the 16-digit code and click on confirm.
  6. Return to the website and start playing.

Online bookmakers that accept Paysafecard

Among the bookmakers operating in the Czech Republic, you can use Paysafecard to make payments at these companies:
  • Tipsport
  • Chance
  • Betano

Welcome bonuses at bookmakers

As described in the article, these three bookmakers – Tipsport, Chance, Betano – accept Paysafecard as a payment method in the Czech Republic. Currently, all three are offering bonuses for newly registered bettors. The bonus varies slightly for each: Tipsport offers a free bonus of 300 CZK, for full registration. It also offers a welcome bonus of €2,000. At Chance the welcome bonus is 200 CZK free, and you can also claim a bonus of up to €80 for the first deposit. Betano has prepared a bonus of 300 CZK for newly registered users who verify their identity. After you wager the first three hundred, you can claim a bonus of €120 for the first deposit. To learn more about the bonuses at various bookmakers, check out our section bonuses.
Tipsport logo

Tipsport

Welcome bonus €2,000
Chance logo

Chance

Welcome bonus €80
Betano logo

Betano

Welcome bonus €120

Paysafecard and Fees

Users usually pay almost no fees, as Paysafe Group strives to make the service as affordable as possible for users. However, users do encounter some fees. One of these is the disposal fee, which begins to be deducted if you do not use your Paysafecard for 2 months and amounts to €3.20 per month. After 12 months, the fee increases to €5.20 per month. Paysafecard is most commonly used for quick payments, which users usually make within a few days of purchase. Therefore, these fees are not a major complication, however, the fees at bookmakers are typically higher than for other transactions. Usually, the fees are 5%, but fees may vary on each website, so it is important to read the terms and conditions.

Advantages

  • Speed – payments using Paysafecard occur almost immediately.
  • Security – you do not need to enter your banking details.
  • Convenience – you do not need to enter your payment details with each transaction.

Disadvantages

  • Bookmaker fees – e.g., at Tipsport it is 5%.
  • Limited – without a myPaysafe account it is almost impossible to withdraw money back.
  • Low limit – the maximum possible deposit is €48 at a time.

MyPaysafe Account

As mentioned earlier in the article, Paysafecard is a virtual banknote. So, what is a myPaysafe account? It is a virtual wallet. And just like a wallet, among its main advantages is better organization, showing us the history of our payments and deposits, it also allows us to increase the limit of our payments to €960 per transaction, and through the account, we can also withdraw money.

How to create a myPaysafe account?

  1. On the website www.paysafecard.com, click the register button.
  2. Fill in your email address and create a password.
  3. Confirm the accuracy of your email address.
  4. Fill in your personal information such as first name, last name, date of birth, and address.
  5. Enter your phone number.
  6. An SMS with a code will arrive on your phone to verify your phone number.
  7. You have a myPaysafe account.
Paysafecard registration

Detailed guide on Paysafecard account registration

Options for depositing money into a myPaysafe account

You can load money into your electronic wallet using these three methods:
  1. Upload your Paysafecard code – how to purchase the code is detailed earlier in the article.
  2. Bank transfer – the disadvantage of this method is that it can take several days.
  3. Payment card – this is the most convenient option, but if you choose to do so, you must first add your bank details to the account.
Adding bank details is done simply:
  1. In the top bar, click on the Settings tab.
  2. Click the “Add Bank Details” button.
Then upload money simply:
  1. Click on the deposit money button.
  2. Select the Payment Card deposit option.
  3. Enter the amount you want to deposit and fill in your card details.
  4. Confirm the deposit.

How to withdraw money from your myPaysafe account?

  1. Log in to your account on the myPaysafe website.
  2. Click on the withdraw balance button.
  3. Enter the amount you want to withdraw.
  4. Confirm.
For the withdrawal to work, you must have your bank details linked to your account. The bank account must always be held in the country where you registered, and it must be your personal account.

Advantages

  • Security – protects your banking details.
  • Speed – payments are almost instantaneous.
  • Higher deposit limits – with the Standard version of the account €960, with the Unlimited version the deposit is unlimited.

Disadvantages

  • Fees – at bookmakers.
  • Account balance limit – with the Standard account €2,400, with the Unlimited it is €4,800.

Review

We rate Paysafecard coupons very positively, mainly due to security and speed. Another advantage, in our view, is that Paysafecard is not linked to any bank account. Another plus point is the existence of a wide network of partners where the coupons can be purchased. A possible limitation we see is in the limited options for withdrawing money and in low deposits. We find myPaysafe to be a more favorable option as it extends the benefits of Paysafecard with higher payment limits, is more organized and allows much easier money retrieval, while still retaining the security of Paysafecard, as you do not have to worry about your personal and banking details. We see the higher fees at bookmakers as a minor flaw of this payment method. For this reason, we recommend Paysafecard and myPaysafe, especially for those of you for whom security is a priority and are willing to pay extra for it.

Frequently Asked Questions

1️⃣ What if I pay less than the value of my coupon?

If the amount you are paying is less than the value of your Paysafecard, there is no problem. You do not have to worry that you would accidentally tip online merchants. The remainder of the money stays on your prepaid card, and if you have more such remaining coupons, you can simply combine them by entering the codes in succession during another payment.

2️⃣ How to get money from Paysafecard?

Paysafecard allows you to easily transfer money to a bank account using myPaysafe. How it works, how to set it up, and how to make a withdrawal is written in this article.

3️⃣ Do I need a myPaysafe account when paying at bookmakers?

You do not need one. You can pay even if you do not have a registered account. Just select Paysafecard as the payment method and enter your 16-digit code when choosing how to pay.

4️⃣ Where can Paysafecard be purchased?

The easiest way is to buy online directly at www.paysafecard.com. You can also use the app for online purchases. Physically, Paysafecard coupons can be obtained at Sazka terminals, Tipsport and Chance branches, Billa supermarkets and Žabka food stores, Geco kiosks, or OMV and Shell gas stations.

Also read:

Sources: www.paysafe.com, www.johnslots.com, www.paysafecard.com

5/5 - (920 votes)

Michael Cermak

Michael Cermak

I started my betting experience working in customer support for a foreign bookmaker. It wasn't long before I became an active punter myself. This is still the case today. In addition to themed articles, I look for interesting bonus offers and valuable odds. You can find all articles here.

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