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Introduction to Paysafecard
Paysafecard is a simple and easy way to pay for stuff online. It is a prepaid card that you can top up according to your needs and use them to pay and get some attractive cashback and other offers.
The paysafecard is issued by Smart Payment Solutions Private Limited. Having been established in 2001, if paysafecard was a person it would be old enough to drink now. Paysafecard is one of the leading prepaid payment methods in Europe.
It can be used for online gaming, messaging and calling and a host of other internet services. If you get one you need not worry about using your bank card or credit card online and it getting misused.
The paysafecard is as safe as cash and is so very convenient to use. Once you verify your identity at an outlet nearby, you will only need your phone number to verify yourself. Once you pay for the card and get it, you will receive an sms on your phone that’ll carry a 16 digit pin.
This is the pin that you will need as all you have to do is enter this pin every time you want to pay online and tada! Your purchase is done.
You can purchase a paysafecard in the following amounts: ₹5000, ₹2000, ₹1000, ₹500, ₹200 and ₹100. Being a global leader when it comes to online prepaid payments, paysafecard is available in many other currencies including GBP and Euros.
This makes paysafecard a go-to payment option across Europe and in India.
Deposit and Withdrawal options for Indians
The first thing that you should know is that you can transfer money to and from your paysafecard at any time. You can do this via netbanking.
As casino enthusiasts, we know the question you have on your minds. Yes, you can use the paysafecard to deposit money into your casino account at various online casinos including Leovegas and Royal Panda. To deposit money into your casino account, all you need is the 16 digit pin that we already mentioned. Just choose paysafecard as your method of deposit and enter the 16 digit pin. The funds will be in your casino account in a matter of seconds. And the best part is that you can do this from your phone, laptop or any other device.
But sadly, casinos do not allow you to withdraw your winnings back into your paysafecard. So you can choose an alternate casino payment method such as bank transfer or Visa or Mastercard.
Advantages and Disadvantages of Paysafecard
The greatest advantage that the makers of paysafecard boast about is the fact that a paysafecard transaction is completely anonymous. Think about it, you only verify your identity when you purchase the card for the first time and thereafter, you can just use your phone number to top up the card. And even your phone number is only registered with paysafecard.
When you use it to pay at an online casino, you just enter the 16 digit pin as opposed to a credit or debit card. No name on card, expiry date, cvv and all that stuff. Just the pin! The casino will not know any other financial data about you.
This is probably one of the reasons that many casinos do not allow you to withdraw money from your casino account to a paysafecard. This is a huge bummer.
If you are someone who overspends when they use a debit or even worse, a credit card, the paysafecard is a great way to help you control your spending habits. Especially when you are gambling, you need to have access to limited funds. This also helps if you are sticking to a budget. Also, casinos do not charge any transaction fee when you make a deposit with a paysafecard.
One huge disadvantage of using the paysafecard is that there is no app or website through which the card can be topped up. You always have to go in person and look for a retail outlet nearby.
Another huge turn off is that you can only purchase or top up your paysafecard with cash. You cannot use a credit card. But this makes the transaction even more secure and anonymous but it becomes a problem when you don’t have cash in hand. One other disadvantage is that all online gambling platforms do not accept paysafecard.
Now that you know what a paysafecard is, its advantages and disadvantages for online gambling, you can decide if it’s the right option for you when playing your favorite Teen Patti Games.