What Is Paysafecard?

Paysafecard is a prepaid payment method that allows players to deposit funds at online casinos without linking a bank account or credit card. It was first launched in 2000 in Austria and has since expanded its presence to more than 60 countries. Available in over 650,000 retail outlets worldwide, Paysafecard has earned a solid reputation for providing safe, anonymous, and instant online payments.

Instead of traditional banking methods, Paysafecard works through prepaid vouchers. These vouchers come with a unique 16-digit code, which you simply enter when making a deposit at your chosen online casino. There is no need to provide personal banking data, which makes Paysafecard one of the most private options for casino players.

Whether you're a seasoned player or someone new to online gambling, Paysafecard offers a secure and user-friendly way to top up your account and start playing right away.

How Paysafecard Works at Online Casinos

Using Paysafecard for casino deposits is simple. First, you need to buy a voucher. These are available in preset amounts and can be purchased either online or from physical retail locations. After obtaining your voucher, you just visit the casino’s cashier, select Paysafecard as your deposit method, and enter the 16-digit PIN to transfer the funds.

Most deposits are processed instantly, allowing you to start playing immediately. You can combine multiple vouchers if you want to deposit more than one contains. However, Paysafecard is designed for smaller transactions, so it may not suit high-stakes players who prefer to deposit large amounts at once.

One important note is that Paysafecard is primarily used for deposits. Withdrawals are not usually supported unless you create a myPaysafe account, which unlocks additional functionality such as cashing out and balance tracking.

How to Create a Paysafecard Account

While a Paysafecard voucher can be used without any registration, having a myPaysafe account offers more flexibility. To open one, go to the official Paysafecard website and click “Sign Up.” Enter your country, email, and password, then verify your email address.

Next, fill in your full name, date of birth, address, and phone number. You'll receive an SMS with a confirmation code. Once verified, your myPaysafe account will be ready to use. With this account, you can manage your vouchers, combine balances, and apply for a prepaid Paysafecard Mastercard for broader usability.

The myPaysafe account also enables withdrawals from casinos that support it. Without this account, you’ll be limited to deposits only.

How to Deposit with Paysafecard at Online Casinos

Depositing with Paysafecard is one of the easiest processes available for online players. After registering at a Paysafecard-friendly casino, navigate to the cashier section and choose Paysafecard from the list of payment options. Enter the amount you want to deposit and the 16-digit voucher code. Once confirmed, the funds will appear instantly in your casino account.

Most online casinos accept Paysafecard without any additional processing fees, although it's always worth checking with the operator beforehand.

If you are using a myPaysafe account, you can log in during the deposit process instead of entering your PIN manually. This is particularly useful if you are using multiple vouchers or want to track your spending in one place.

Can You Withdraw with Paysafecard?

While Paysafecard is widely accepted for deposits, withdrawals are a different story. Most casinos do not support Paysafecard as a withdrawal method unless the player has a registered myPaysafe account.

To withdraw, log into the casino, go to the withdrawal section, and select Paysafecard (if available). Enter your myPaysafe email and the amount you'd like to cash out. You will then be asked to log in and confirm the transaction. The waiting period depends on the casino but is typically faster than bank transfers.

Players without a myPaysafe account will need to choose an alternative method like a bank transfer, Visa, or an e-wallet to receive their winnings.

Paysafecard Mastercard Option

Another feature that expands Paysafecard’s flexibility is the prepaid Paysafecard Mastercard. This physical card is linked to your myPaysafe balance and can be used wherever Mastercard is accepted, both online and in-store.

To apply, log into your account, request the card, and upload valid photo ID for verification. The annual fee is €9.90. Once activated, the card gives you ATM access and retail payment options using your Paysafecard funds. Keep in mind, however, that certain transaction types (like ATM withdrawals) carry additional fees.

Paysafecard Casino Bonuses

Many online casinos offer bonuses for players who deposit using Paysafecard. These can range from welcome bonuses and reload offers to free spins and cashback rewards.

Some typical bonus types include:

• Welcome Bonuses: Usually a matched deposit offer, sometimes paired with free spins for new players.

• No Deposit Bonuses: Rare, but occasionally available upon registration.

• Reload Bonuses: Offered to existing players when they fund their account again.

• Free Spins: Often bundled with deposit offers or given during promotional periods.

• Cashback Offers: A percentage of your losses returned to you after a certain period.

• High Roller Bonuses: Occasionally available, but limited by Paysafecard’s deposit caps.

Always check the terms and conditions. A few casinos exclude Paysafecard from bonus eligibility, although this is becoming less common.

Advantages of Using Paysafecard for Casino Payments

Paysafecard has built its reputation on privacy, security, and ease of use. One of the biggest advantages is that you never need to expose your personal banking information. Since it's a prepaid method, the amount you can spend is fixed, making it ideal for those who want to control their gambling budget.

Paysafecard also bypasses banking restrictions. Some financial institutions flag or block transactions to gambling sites, but since Paysafecard operates outside the traditional banking system, this concern is eliminated.

The mobile app is another strong point. It helps you manage vouchers, locate nearby vendors, and even generate custom voucher values with Paysafecard Direct. This level of control and portability makes it perfect for mobile-first users.

Disadvantages and Limitations

Despite its many benefits, Paysafecard has a few limitations to be aware of. One major drawback is the lack of a direct withdrawal option for non-account holders. If you want to cash out winnings, you’ll need to use a different method or register a myPaysafe account.

Another limitation is the need to purchase a new voucher every time you want to deposit. While this is simple for online buyers, some users may need to physically visit a store, which is less convenient.

Paysafecard also imposes limits on voucher amounts, typically up to €100 or €250 per card. Although you can combine vouchers, this structure is not ideal for high rollers looking to deposit large sums quickly.

Lastly, fees can apply over time. Vouchers that remain unused for two months will incur a maintenance fee. Similarly, inactive myPaysafe accounts are charged €5 per year. These are avoidable with regular use but should still be considered.

Paysafecard Fees and Limits

For standard usage, Paysafecard does not charge transaction fees. However, several types of fees may apply:

• Inactivity Fee: €3 monthly for vouchers not used within 24 months.

• Account Inactivity: €5 annually after 12 months of inactivity in a myPaysafe account.

• Mastercard Fees: €9.90 annual fee, plus ATM withdrawal and foreign exchange fees if you opt for the prepaid card.

• Redemption Fee: €7.50 if you request a refund of a voucher’s unused value.

The maximum value per voucher is typically €100 or €250 depending on the country, with the total deposit limit reaching up to €1000 in most casinos. If you plan to deposit more than that, you’ll need to combine multiple vouchers or choose another method.

Mobile App and Convenience

The Paysafecard app is available on both Android and iOS and adds a great deal of convenience to the experience. It allows players to scan vouchers, check their balance, store PINs securely, and locate nearby stores that sell Paysafecard.

A unique feature is Paysafecard Direct, which lets you top up your account directly at the register without the need for a printed voucher. This is perfect for mobile users who want to keep their playtime uninterrupted.

Future Outlook for Paysafecard Casinos

As mobile gaming becomes the industry standard, Paysafecard is well positioned to grow. Its mobile integration, voucher simplicity, and expanding support for withdrawals make it increasingly viable for everyone playing online.

Players can expect to see more casinos integrate Paysafecard with bonus systems, and the evolution of its Mastercard product may eventually close the gap with traditional bank cards.