You can easily make the payment receive payments using the card. It is a type of prepaid online method. It makes all things easier and faster.
It is a secure way of making the payment. As you are already paying the money before you make the payment, you will have more control over the payment and the amount you pay. Hence, it will allow you to control the money you will pay here.
Overview of Paysafecard
Paysafecard has recently become popular in many areas. They will give you a voucher which will have a 16 digit pin code. The pin code is useful in making the payment. The working of the platform is simple and easy.
You will have to get into the account and then type in any amount you want. This will be the amount you will spend. Once you enter the amount, Paysafecard will generate a 16 digital pin that you can use. The 16 digit pin will only be used once and you can only track the amount that you have typed in previously. So, it is useful for all the people who are looking for a safe and secure payment method.
Some shops accept Paysafecard. Usually, Paysafecard is popular among sports betting websites and bookmarker websites. So, if you love online casino websites or you simply love to play sports betting, you might want to have a look at the platform. It makes a lot of work easier and faster. Let’ see more about it by checking out all the advantages and disadvantages it has.
Advantages of Paysafecard
We will start by checking out the advantages you will get here. We will then move on to the disadvantages:
- It helps you in controlling what you spend. As you have already added the amount before you spend it, you can only spend a limited amount.
- Gambling is a place where you will no control over things. In simpler words, you will always end up spending more. Paysafecard makes your work easier here.
- Most of the gambling websites accept Paysafecard.
- The payment method is secure as you will use the voucher once.
- It’s a great choice for the people who want to spend a limited amount of money
The interface is simpler and fast. - It won’t take more time to create an account and start using the Paysafecard. However, it might take some time for the verification.
- You can use the same amount to redeposit your money in the sportsbook.
- Now, this can be counted as an advantage as well as disadvantage. The money you keep in the voucher will be valid for 12 months. If you don’t spend the money within12 months, there will be some extra charge that you will have to pay. 12 months is a long time. Hence, it is counted as a benefit.
- They also provide a prepaid Mastercard.
Disadvantages of Paysafecard
Now, let’s move on to the disadvantage of the card. Just like we saw all the advantages, there are certain disadvantages that you might want to know. We will be converting all of them here:
- The first one is the valid period as we mentioned. They will cut some charges you don’t spend the money within 12 months.
- It takes time for verification.
- You can only deposit the money. There is no withdrawal option available. You can withdraw the money from the sports booking website to your Paysafecard account but you can’t withdraw your money back to your bank account. Once the amount reaches Paysafecard, you will have to use this amount. As it is a prepaid card, most people are not worried over here. People only use it when they need to transfer some amount. So, in this way, their money won’t be kept idle.
- You can’t enter the custom amount while creating the voucher. You will have to choose from the given options.
- The sports booking websites might not give rewards for this payment method.
- You will have to create a voucher every single time you want to make the transfer. So, this becomes a time-consuming part for many people.
These are the common disadvantages that you might face while using Paysafecard.
How to get started?
Now, let’s talk about how you can create an account at Paysafecard. It is free to create an account there. No one is going to ask you for the fee. Once you create an account, you will have to provide some proofs to verify your account.
It will surely take some time to verify the account. Once it is verified, you can create your vouchers. You can just log into the account and then it will ask you to select the amount. You can select the amount and the voucher will be created for you.
If a bookmarking website or a betting website is accepting Paysafecard, you can type in the 16 digital voucher code that you just got. When you type in the voucher code, it will automatically cut the money from there.
In this way, you will successfully make the payment. Now, some of the websites also offer to withdraw options by Paysafecard. It is recommended that you don’t use it. Here is the reason. When you withdraw using Paysafecard. It will be stored in Paysafecard. You can surely create another voucher using it but you can’t withdraw the amount in your account. Therefore, you will have to spend it somewhere.
Gambling websites are the most common websites that accept Paysafecard. Hence, it would be harder to find a place where you can enter the voucher to pay the money. Also, along with this, one another thing that you should know is that they also provide the prepaid Mastercard. With that, you can withdraw the money from the ATM card. You can surely check the website to know more about the platform and how it works.