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What is Paysafecard and how to use it?
Launched in 2000 in Austria, Paysafecard is an online payment platform that offers prepaid services through the use of vouchers. It first began as an independent company, but it is now owned by a company that owns some major online payment platforms, including Skrill and Neteller. Now, Paysafecard is one of the most accepted online payment options for both local merchants and online gambling platforms.
That said, Paysafecard works in a way that requires the use of prepaid vouchers that can be purchased both at online stores or local sales stores. If purchased at a local store, you will get a physical voucher card, but if gotten online, it will be a digital code sent to you.
Immediately after getting the code, you can proceed to make purchases or payments at online merchants or casinos. This is done by simply entering the specific code you got. Also, since these prepaid cards are not linked to your bank account, your personal information remains private.
How to deposit to a casino with Paysafecard?
Since an increasing number of online casinos are beginning to accept Paysafecard vouchers as deposit methods, it is now possible for punters to use them. Now, it is quite understandable to be unaware of how it works, and this is why here is a guide on how to deposit using this method.
- Buy A Paysafecard Voucher – You can get this voucher from a local shop or an online store that sells it.
- Once you purchase the card, you should scratch the foil off it, and a 16-digit code will be revealed.
- Head to your casino cashier and select Paysafecard as your choice of payment.
- Input the 16-digit pin from the voucher and click Enter
Immediately after, your gambling account will be credited with the amount equivalent to the voucher purchased.
How to withdraw from a casino with Paysafecard?
Usually, withdrawals from casino accounts via Paysafecard are not supported, but then special provisions have been made by the operator. This special service allows gamblers to use a feature called “My Paysafecard” to withdraw their money from their gambling accounts. Below is a step-by-step guide on how to go about it:
- Set Up A My Paysafecard Account – The very first thing is to register on the site so you can track your prepaid codes and current credit.
- Head to the casino cashier and select Paysafecard as your preferred withdrawal option.
- Enter your Paysafecard details as well as the amount you wish to withdraw and click “Withdraw”.
- Once your request is approved, your funds will reflect in the My Paysafecard account immediately.
However, it is best to note that withdrawal requests may take up to 24 hours before they are approved. Also, most casinos often request that their members complete the KYC verification before they can initiate withdrawals. Therefore, it is important to understand all these conditions to avoid unnecessary delays when withdrawing.
Minumum and maximum deposit by Paysafecard
The minimum amount that can be made into casino accounts varies depending on the casino in question, same as for the maximum amount. For some casinos, the minimum amount that can be deposited is as low as 600 PHP, whereas others only accept deposits beginning from 1200 PHP and above. However, note that the Paysafecard vouchers are mostly sold in American dollars, so ensure to always confirm the PHP currency equivalent.
As for the maximum amount, it also depends on the casino you are registered at. Most casinos accept deposits as high as 20,000 PHP. It is important, however, to bear in mind that Paysafecard vouchers are only available in the following amounts – 10, 20, 50, 75, and 100 USD. Thus, if you wish to deposit more than $100, you would need to purchase more vouchers.
What Are The Main Advantages To Use Paysafecard?
Paysafecard, as an online payment platform both for online merchants as well as casinos, has achieved great success in past years, and it is still thriving. In our reviews, we discovered that the secret to this success could be attributed to its many advantages. A few of these benefits are discussed below.
Security
Coming top of the list of advantages is the maximum security that users of Paysafecard get to experience. This is because since you are not required to provide any of your personal details, your info cannot be leaked to third-party websites. And this makes it a very secure means of making payments at online merchants and casinos.
In addition to this, you can download the mobile app, which also provides additional security measures, so a Paysafecard hack is impossible. Thus, with this app, you can simply log in to your Paysafecard account and check out your balance without worrying about being hacked.
Anonymity
Using Paysafecard assures its users of peak anonymity as your personal information is not needed to make use of it. In our investigation into this payment method, we discovered that Paysafecard only requires that you buy the card, scratch the foil and load the recharge code on your casino account.
As such, aside from the voucher’s 16-digit prepaid code, you do not need to reveal any banking or personal details while using it. And these vouchers can be purchased at local sales points or stores. This way, your personal and gambling lives do not have to get unnecessarily intertwined.
No Fees
Another major advantage that Paysafecard has over some other payment options is the fact that no fees are attached to it. Irrespective of whether you are depositing or executing withdrawals, there are no accumulated charges on any transactions. As a result of this, punters are assured that they have complete access to all their casino deposits and winnings.
Pros | Cons |
---|---|
Security | No Payout |
Anonymity | Account verification |
No Fees |
Disadvantages of Paysafecard Payment
As is expected of everything with an advantage, there is always a negative side to it, and this is seen with Paysafecard. It is then up to you as the user to determine if you can ignore these disadvantages that are discussed below.
No withdrawal to a bank account
The major disadvantage that Paysafecard users encounter while using this option is the inability to withdraw funds to a bank account. This is because this option is a prepaid card and so cannot be used for making withdrawals at online casinos. Rather, withdrawals have to be carried out by using alternative payment methods to avoid delays or inconveniences when cashing out.
Need to verify your account for withdrawal
Another not-so-serious demerit is that users of this method must create and verify their Paysafecard accounts before requesting withdrawals. And so those who do not have the necessary documents needed for verification may find out that their funds are stuck in their accounts.
The documents needed for the KYC procedure are scanned copies of a valid ID card, valid proof of residence, and a valid bank statement. These documents are to ensure customers’ identity, to avoid any kind of fraud, and to ensure that the minimum age requirement is met.
Paysafecard is a casino payment method
After reviewing hundreds of casino sites across multiple devices, our Casino10 experts can confirm that Paysafecard is widely used as a Philippines casino Real Money payment method. And the reason for this is that besides being risk-free, it is very straightforward to use.
Budget frames
Another feature that is characteristic of Paysafecard is budget regulation, that is, placing limits on the amount you can deposit. These budget frames differ from country to country, but for punters residing in the Philippines, the transaction limit is 6000 PHP for every one-time payment.
The main advantage of this feature is that you can’t spend more money than you have, and thus, it helps curb overspending. Additionally, this prevents punters who use this banking option from getting addicted to gambling.
Fast Deposit
One characteristic that makes any payment method stand out in any casino live Philippines is instant deposits and timely withdrawals. And this particular feature is what Paysafecard boasts of. Gamblers using this method enjoy immediate transactions as soon as they are done loading the prepaid code into their casino account. Once this is done, you can rest assured that your funds will end up in the right destination account.
Anonymity
When it comes to anonymity in carrying out transactions, only a few other casino payment platforms come close to Paysafecard. This is because punters who use this option do not need to give out their personal information to any website.
To make use of this method, gamblers only need to buy a prepaid voucher from any sales point around them and reload the 16-digit prepaid pin to their casino account. As such, your banking and personal information are kept confidential
Simple
The simplicity of using the payment method is what makes it a very popular option among punters. To use a Paysafecard, you simply have to go buy the card equivalent to the amount you wish to recharge at a trusted sales store. Once it has been purchased, you can then scratch the foil on it and enter the pin in the online PH casino to make a deposit. Immediately after that is done, your payment will reflect in your gambling account, easy peasy.
No Fees
As a means of making deposits and withdrawals at online casinos, this mode of banking does not require any additional fees. It is commission-free, so gamblers do not have to worry about any deductions being made on their winnings. However, with this option, there is a limit to the amount that can be deposited for one-time payments. For every one-time payment, the maximum limit that can be paid is about 6000 PHP, so gamblers should ensure to keep this in mind.
Alternatives to Paysafecard payments in casinos
Besides using Paysafecard as a payment option, there are several alternative banking methods provided by casinos. These modes of payment offer instant deposits as well as timely withdrawals. Additionally, they are very secure, and you can rest assured that your money is safe. Some of these alternatives are as follows.
VISA and MasterCard
Visa cards and Mastercard, generally referred to as credit/debit cards, are one of the most popular, if not the most popular, banking methods preferred by most online gamblers. This is because it is directly linked to your bank, so it allows punters to make payments instantly without any issues.
With this option, several security protocols are in place to make sure every transaction carried out is perfectly secure and properly encrypted. Furthermore, since your banking details are required by the gambling website, there are privacy policies to prevent the unsanctioned sharing of your information by the site.
PayPal
PayPal is for everyone who pays online, and it comes in handy for gamblers looking to make transactions in and out of their casino accounts. PayPal offers its customers optimum security and privacy with the use of state-of-the-art encryption technologies as well as tight privacy policies.
Several top casinos accept this method as a means of payment as it offers instant deposits and timely payouts with no fees attached. Moreover, since PayPal accepts customers from various regions, including the Philippines, Filipinos can make use of this option to carry out transactions.
GCash
GCash is one of the leading e-wallets in the Philippines that makes everyday payments easy and safe. And this banking service is made available by online casinos to gamblers in the Philippines. With GCash, you always have the assurance that your funds are kept safe and every transaction executed is done with utmost precision and speed.
To make use of this option, gamblers need only to create an account with GCash and then input it as the preferred payment option at the online casino using Gcash. Immediately after doing this, your transaction will be reflected in your gambling account.
Paysafecard casino bonuses
One common misconception that many tend to have about Paysafecard deposits is that casino bonuses do not accompany payments via this method. However, this could not be further from the truth as Paysafecard deposits involve real money, and so its users have free access to all Paysafecard casino bonus offers.
Welcome Bonus
This is a bonus offer given to every new member who newly registers on any one of the best Paysafecard casino sites. Welcome bonuses usually come as deposit bonuses, that is, these new members must make deposits before they become eligible to claim them. Also, they usually come as a percentage of the amount deposited.
In addition, different online casinos offer varying welcome bonus amounts, so ensure to go through their promotions page before signing up. And to claim some of these bonuses, you may need to use a promo code when making your first deposit. Also, welcome bonuses have wagering requirements that must be fulfilled before the earnings won can be withdrawn.
Free Spins
Free spins, just as the name implies, are bonus rounds given out to punters on slot machine games. These free spins do not usually stand-alone, as they often accompany deposit bonuses. However, they are sometimes awarded as welcome offers right after you register at some online casinos before making deposits.
One thing to note about free spins given by most online casinos is that they can only be used to play specific slot machines. This implies that you must always check if the free spins awarded can be used on all slot games or are unique to a particular slot.
No deposit bonuses
These types of bonus offers are not dependent on any deposits made by punters, just as the name suggests. Rather, they are awarded just for signing up on the website and also for completing little tasks. No-deposit offers generally come with wagering requirements, so ensure you read through the terms of use before signing up.
With these no-deposit bonuses, punters can win real money, and it comes in handy for gamblers who are just testing the waters. This way, you can play your favorite casino games without staking your hard-earned money.
Reference
- ↑ how does PaysafeCard work? | PaysafeCard - https://www.paysafecard.com/en/product-how-it-works/
- ↑ GCash – Para Easier Ang Everyday Things… #GCashMoNaYan - https://www.gcash.com/
- ↑ how does PaysafeCard work? | PaysafeCard - https://www.paysafecard.com/en/product-how-it-works/
- ↑ GCash – Para Easier Ang Everyday Things… #GCashMoNaYan - https://www.gcash.com/
- ↑ how does PaysafeCard work? | PaysafeCard - https://www.paysafecard.com/en/product-how-it-works/
- ↑ GCash – Para Easier Ang Everyday Things… #GCashMoNaYan - https://www.gcash.com/
- ↑ how does PaysafeCard work? | PaysafeCard - https://www.paysafecard.com/en/product-how-it-works/
- ↑ GCash – Para Easier Ang Everyday Things… #GCashMoNaYan - https://www.gcash.com/
- ↑ how does PaysafeCard work? | PaysafeCard - https://www.paysafecard.com/en/product-how-it-works/
- ↑ GCash – Para Easier Ang Everyday Things… #GCashMoNaYan - https://www.gcash.com/
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FAQ
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Do All Casinos Offer the Option to Deposit Using Paysafecard?
In our evaluation, we discovered that, unfortunately, not every Philippines online casino provides Paysafecard as a means of making deposits.
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Does Paysafecard have any fees?
No fees are charged on transactions made using this payment method. However, if you leave money in your account for more than a year, you will be charged a minimal monthly service fee.
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Can I cancel the transaction?
No, reversing transactions done via this method is impossible. This is because when you make deposits, the money goes directly into your gambling account and is, thus, irreversible.
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How can I deposit money in an online casino?
Making deposits at online casinos is very easy to do. There are several options to pick from, including Visa and Mastercard, E-wallets like Skrill and Neteller, and also prepaid vouchers like Paysafecard and Mint.