Table of Contents
- What is Paysafe and How Does it Work?
- Benefits of Paysafecard Bingo Sites
- Drawbacks of Paysafecard Bingo Sites
- How to Use Paysafecard to Deposit at Bingo Sites
- How to Use Paysafecard to Withdraw at Bingo Sites
- Processing Times, Fees, Limits, and Unique Features at Paysafecard Bingo Sites
- Paysafecard Bingo Sites FAQ
What is Paysafe and How Does it Work?
Paysafecard is a prepaid card service that allows you to make payments without your debit card or bank account. The idea is all in the name “prepaid.” It’s a pre-funded card that you can use to make payments online.
Paysafecard uses a 16-digit PIN that you must use to carry out transactions, and each PIN is unique. Paysafe vouchers are sold at retail locations across the UK, and you simply head to a sales point and buy a physical voucher, costing between £10 and £100. Paysafe also has an online website and a mobile app where you can purchase online codes, top up your physical prepaid codes and manage all your vouchers.
Paysafecard started in Austria back in 2000. After entering the UK, they took over the electronic payment system Ukash which was widespread at mobile bingo sites during its time. Paysafecard is now the largest prepaid service that supports gambling deposits.
Benefits of Paysafecard Bingo Sites
Safe and Secure
With Paysafecard transactions, no bank or card details are disclosed on the bingo site. The only data you’ll be giving is the unique 16-digit PIN code. Transactions are risk-free.
Great for deposits
Paysafecard vouchers are inexpensive and hold small amounts, making them an excellent choice for making small deposits at the best UK bingo sites. Transactions are also very quick, and you’ll be credited as soon as you’ve completed the payment.
Simple to use
Probably the greatest advantage of this payment service is that it is straightforward to use. You don’t have to create an account if you don’t want to, and you don’t have to bother about usernames or passwords either. Just purchase a voucher at registered outlets, usually convenience stores, newsagents and petrol stations near you. Then enter the PIN when you want to deposit.
Promotes responsible gambling
It’s impossible to run up a debt or stray from your bankroll when you use this prepaid voucher. Unlike debit cards, where you draw money from your bank account, you can only spend what is saved in a prepaid card.
Drawbacks of Paysafecard Bingo Sites
Limited availability for withdrawals
Withdrawals are not possible with physical vouchers. The only opportunity to cash out with Paysafe is with an online account, and this option may not always be available at bingo sites.
Low limits for high rollers
While the majority of bingo players will appreciate the low limits on these prepaid cards, it will be inconvenient for high-stakes players. If you want to make substantial gambling transactions, you’ll have to opt for an alternative payment method.
How to Use Paysafecard to Deposit at Bingo Sites
- Sign up with a bingo site that accepts Paysafecard
- Head to the deposit section
- Enter the amount you wish to deposit
- Select Paysafecard from the payment options available
- Enter the 16-digit PIN on your physical prepaid voucher
An alternative process exists if you decide to pay from your myPaysafe account online. Instead of the code, you can pay simply by entering your account credentials. This is only available at sites that accept myPaysafe payments.
How to Use Paysafecard to Withdraw at Bingo Sites
Most times, Paysafecard is not available for withdrawals at all. However, this option has been introduced by the provider allowing you to withdraw winnings to your online Paysafecard account and claim the money via ATM withdrawal with a Paysafecard prepaid MasterCard. This remains relatively unpopular because of the process of getting the card and the rather expensive maintenance fees. As a result, you’ll hardly find operators providing Paysafe as a withdrawal option. Those that do are often new bingo sites.
Processing Times, Fees, Limits, and Unique Features at Paysafecard Bingo Sites
There are no fees to be expected at a Paysafe bingo site. However, if you’ve had an unused voucher for a month, the payment service will deduct a monthly service charge. With the online myPaysafe account, the service charge will apply after 12 months of inactivity. In the UK, voucher denominations are £10, £25, £40, £50, £75, and £100. You can benefit from higher limits with a Paysafecard account.
One of the best features of Paysafe vouchers is that you don’t have to finish the entire voucher amount in a single transaction. You can use the remainder later on. With a myPaysafe account, you can also combine amounts from different vouchers into one payment.
Paysafecash is a newly developed service that generates a bar code when you make a purchase. You can scan the code and redeem the payment in cash at any authorized Paysafe outlet.
Its unavailability for withdrawals at most bingo sites is the only significant disadvantage of this payment service. Otherwise, Paysafecard is everything that makes a good gambling deposit method. It’s speedy with transactions and is basically a fee, except for the service charge for inactivity. It’s also safe and secure since there’s no occasion to reveal your card or banking details. It allows you to play anonymously and is great for claiming bingo bonuses.
Paysafecard Bingo Sites FAQ
How can I redeem my Paysafecard PIN?
It’s very easy to redeem your PIN codes. You only have to enter the code when you select Paysafecard as your preferred payment method at a bingo site. You will be credited with the relevant amount immediately.
Can I use Paysafecard to withdraw my winnings?
Paysafecard is not very common for withdrawals, but it is one of the best gambling payment methods. However, it’s possible to withdraw to Paysafe using your online Paysafecard account.
Can I transfer Paysafecards to PayPal?
To transfer your Paysafe balance to PayPal, you must get a Paysafe prepaid MasterCard. Once you withdraw your balance to the card, you can link up the card to your PayPal account.