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. It 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.
Paysafecard was established in 2000 and has remained a popular payment method since its launch. Today it operates in over 40 countries, over 20 currencies, and over 20 languages. A Paysafe Holdings UK Limited subsidiary, Paysafecard is available at over 500,000 sales outlets around the world.
Paysafecard and Bingo Sites
Paysafecard is a commonly accepted method of payment at online bingo sites, thanks to the security and speed of transactions – you don’t need to give the bingo site your bank details in order to deposit money. Watch out, though – some sites don’t accept it, and some won’t let you qualify for the bonus unless you use a debit or credit card.
Because you don’t enter your card details into the bingo site directly, it means that in the unlikely event that the bingo site’s security is compromised, you won’t have your details stolen. Paysafecard is also unhackable – it is absolutely impossible to hack Paysafecard PINs or to change their balance with so-called generators. Paysafecard hacks are not possible due to numerous technical security mechanisms. Software claiming otherwise is part of a scam.
If you become the target of fraud, you can lock your paysafecard PIN(s) around the clock. This immediately protects your existing balance from further attacks. Locked PINs can no longer be used to make payments! However, you are still able to request a refund of the existing balance of your paysafecard PIN(s).
How To Sign Up for Paysafecard
First, you will need to purchase a Paysafecard from a retailer such as Asda, One Stop, PayPoint, McColl’s, or WH Smith. You can purchase Paysafecards in the following amounts: £10, £25, £50, £75 or £100 (or at a PayPoint, you can acquire even higher sums of £125, £150 or £175). This card will come with a 16 digit code, or PIN.
Once you have your 16-digit paysafecard PIN, you can create an online account called “my Paysafecard”. This will allow you to store your purchased PINs and keep all the information centralised and secure.
Advantages and Disadvantages of Paysafecard
Advantages of Paysafecard:
- 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.
Disadvantages of Paysafecard:
- 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.
Paysafecard Vs Other Brands
Paysafecard works similarly to other brands such as PayPal and Neteller in that it allows you to keep your money separate from your bank account, and means that you can deposit funds or withdraw without having to enter your bank details into the bingo site. The fees associated with Paysafecard tend to be low or non-existent on deposits and withdrawals and the time frames tend to be fairly efficient in comparison to some other methods.
Paysafecard Usability and Registration
Once you’ve opened a free paysafecard account, you can make payments to online bingo sites with just your username and password. When you make a deposit at a bingo site, you’ll need to click on the option to deposit, then click on the Paysafecard logo to get started. You’ll input your deposit amount, and your PayPal details – email address and password – and then you’ll be able to confirm your payment. That’s all you need – it’s not necessary to type in any new details.
You can both deposit and withdraw by Paysafecard at a bingo site, so you can just use one method for all your transactions. It usually costs a small fee to withdraw using Paysafecard, but it tends to be one of the faster methods to withdraw (a few days).
Paysafecard on Mobile and Tablet
You can pay by Paysafecard on mobile n the same way as you do on desktop, but there’s also an app you can download for iPhones and Android. With the Paysafecard app, you have all services right in your pocket. Find your nearest sales outlet, check the balance of your Paysafecard PIN and manage your Paysafecard products.
Paysafecard Final Thoughts
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.
We’d rate Paysafecard as 7/10.