Paysafecard
Although Paysafecard was first launched in 2015, you might already be familiar with their payment process – this is because Paysafecard is the successor to the popular online system Ukash, which was accepted at a wide variety of bingo sites.
About Paysafecard
Paysafecard is an electronic cash prepayment-based provider which allows you to make purchases and play online safely, all without the need for a debit or credit card. To use Paysafecard you simply purchase a card which is loaded with your funds, and enter the 16-digit PIN when spending money online.
Pros:
• With a Paysafecard, it’s easy to impose a limit on your spending – because you’re effectively paying by cash, there’s no way to run up a debt on your card.
• Bingo sites should be secure enough for you to enter your bank details without a worry, but if you’re still reluctant, then Paysafecard allows you to deposit funds without entering any bank details at all – you don’t even need a credit or debit card!
• Paysafecards are widely available and can be bought and topped up in convenient places like supermarkets or newsagents.
• You can top-up other digital wallets such as Skrill and NETELLER using your Paysafecard.
• If you’ve got an iPhone or Android mobile, you can download the Paysafecard app to help track your spending.
• Paysafecard offer a loyalty points scheme called my PLUS – every time you pay with your Paysafecard, you gain points which can be exchanged for rewards.
Cons:
• Not all bingo sites accept Paysafecard (however, the majority do).
• There’s a time limit of 12 months to spend the cash on your card – after this period, £2 a month is taken from your remaining balance.
• If you don’t keep a record of your PIN and you lose the card, you’ll lose your cash.
• Some sites may have a transaction fee for using Paysafecard, which can vary from site to site.
• You can’t withdraw any winnings to the card – you need a bank account for your money to be paid into.
• Some sites require a debit/credit card to be registered for you to be eligible for bonuses.
• There can be hefty transaction fees for paying Paysafecard funds into Skrill or NETELLER, so make sure it’s necessary before you move any money between accounts.
Verdict
We think that Paysafecard is a great method to deposit initial bingo funds – you will have to work through wagering requirements before you can withdraw winnings, anyway, so if you’re looking to try out a new site or you just want to play bingo for the first time, Paysafecard might be an ideal option for you. It’s easy to impose a limit on your spending if you’re strapped for cash, and it’s simple to manage multiple PINs in your online account. With plenty of bingo sites accepting Paysafecard already – and more compatible sites launching all the time – you’ll never run out of options.
