Paysafecard is an innovative prepaid deposit method which has been adopted across the United Kingdom’s betting industry. However, clients that use this service have several options when they choose to lay their next bet.
The platform is a global leader when it comes to online payments. Paysafecard is based in Vienna, Austria and they are presently active in about forty five countries worldwide.
Since their inception, which was immediately after the millennium, bettors can deposit funds into their casino account without revealing sensitive bank data. The company’s prepaid solution has made it a transparent and trusted platform. At this time, they are the United Kingdom’s most popular betting deposit method.
In 2000, 4 aspiring entrepreneurs from Austria created the “cash for the internet” website and named it Paysafecard.
Just as the name of the company implies, their primary goal is safety. This is what they used as the product’s selling point and it has attracted several users to it. Security has become imperative due to the challenges posed by carrying out transactions on the internet and other cyber security breaches.
One thing that we consider a con when using Paysafecard is that bettors are not allowed to withdraw using this method. Due to several money laundering regulations, bettors that use Paysafecard to deposit funds to online casino websites have to withdraw such funds directly to their personal bank account through wire transfer.
What this means is that they have to leave a distinct paper trail that details the movement of their funds. The implication of this move is that it is very easy to make deposits that are anonymous with Paysafecard. This happens if you have funded the pre-paid PIN with money.
This can cause a lot of problems for some folks, as some bookmakers rely on the chance that you keep betting with your winnings. This is less stressful, unlike when you have to go through the more thorough process of withdrawing your funds and waiting for it to appear.
The Paysafecard resolution centre is also there to help you solve any problems that you might encounter as your journey progresses.
There’s a notion that people tend to panic anytime a problem arises, especially with their payment platform. However, Paysafecard is quite different as their resolutions team is up to the task and available 24/7.