Paysafe Betting

Pre-payment methods, and PaySafeCard in particular, have become very popular methods to pay for products and services online using real cash, with no bank account or bank card needed. You can of course also purchase using bank cards, and many do as this means you cannot see the ultimate transaction on your statement. Many PaySafeCard betting sites exist and most will allow you to fund your account free of charge with similar minimum limits to conventional bank cards.

Pay with paysafecard at your online betting portal. Back the winner of the next exciting event at your online betting portal. Pay with complete confidence with paysafecard - your secure online payment method. Pay quickly and simply without entering any personal information. Betting sites Best Paysafecard Betting Sites. For punters that want to add funds to their online betting accounts without sharing any personal or banking details, Paysafe provides an excellent service.

Pre-payment cards can be loaded with cash or any other funding mechanism and can be used in lieu of cash. PaySafeCard PIN numbers can be purchased at any store displaying the 'PayPoint' symbol where you use your card to purchase a 16 digit PIN representing amounts as low as £10. This and other pre-payment methods can be used with any of the online bookmakers listed here. Some bookies will still allow you to claim your sign up bonus when you deposit by these methods - indicated in the table below.

• PaySafeCard:

Bet365 - Best PaySafeCard Betting Site

Bet365 stand clearly above the rest when it comes to funding a betting account using a PaySafeCard and if you are someone that wants to bet using cash without sharing your financial or personal details online this is your best option.

They offer low deposit levels of just £5 and they also one of an handful of operators to allow you to withdraw back to PaySafeCard (if you have a MyPaySafeCard account) with a £5 minimum withdrawal amount. Withdrawals can take as little as 24 hours too. Maximum limits for deposit is £770 and for withdrawals is £2000.

Online Bookmakers That Accept PaySafeCard

Many different people want to have the option use cash when paying for goods and services online and just because you decide to bet online doesn't mean you can't use cash. PaySafeCard provides a means to fund your betting account with cash in a simple and easy way. It is not the only pre-paid voucher of its type but it is the most widely accepted online, especially with online bookmakers and casinos.

PaySafeCard is owned and run by the PaySafe Group, who also own Skrill and Neteller. Since acquiring Skrill for around $1.1 billion back in 2015 the group phased out the old Ukash pre-payment card, which used to be its major competitor. Ukash was discontinued at the end of 2015 having now been fully replaced by PaySafe.

The service requires no gathering of personal information or bank details and works a little bit like the old top up cards for mobile phones. In this article we will show you how to use PaySafeCard and other prepayment services.

PaySafeCard Gambling

PaySafeCard and other prepayment services are a very safe way to bet. All services are regulated by the Financial Conduct Authority (FCA) and have the same right and protections as real cash.

Once you have funded your online betting account using your PIN the money is simply counted as cash and can be used as such or withdrawn to any other registered payment mechanism you have with the bookmaker. Very few operators payout in PaySafe vouchers and so you will need to have another registered payment method, a bank account, card or eWallet available to withdraw funds into.

Generally the easiest way to do this if you don't want to involve a bank account directly is to use either Skrill or Neteller. As these are part of the same group you the payment process is very easy.

It is also important to note that if you use PaySafeCard to fund a betting site, especially if this is for the first time, then you will almost certainly need to submit other verification documents. When using a bank card some companies can verify your identity and age using a soft credit check, with PaySafeCard there is no such information. Verification is a legal requirement and will usually kick in before your first withdrawal or first withdrawal over a threshold amount.

How To Get A PIN

To buy a PIN simply visit any distribution outlet to obtain an e-voucher. Purchase a PIN at any shop or store displaying the 'PayPoint' logo, these include post offices, convenience stores and newsagents. The vouchers can also be purchased with a large list of other retailers listed on the Pay Safe site.

When you purchase a voucher in a store the PIN will come in denominations of £10, £25, £50, £75 or £100 in the form of a printed e-voucher. Any customer can purchase several PINs if you would like more than £100, there is the option to buy up to 10 PINs from any outlet at any one time.

If you purchase from any PayPoint provider £125, £150 and £175 denomination vouchers are also available. Check online for a list of distribution outlets. We strongly recommend you do this as scammers have been known to operate in markets like this.

my pafsafecard

You can store all of your PIN numbers online if you register for a my paysafecard account. This can be useful not just as a means to store your PINs and retrieve them easily when you need them, it also means you cannot lose your PIN as you could do if you just get a printed voucher without an account.

Paysafe Betalen Met Paypal

Store up to £5000 in prepaid vouchers in the account, accessed easily with a username and password. You also get loyalty 'my plus' rewards if you register for the online account, useful if you use the service regularly.

You could also choose to get a paysafecard MasterCard which allows you to spend funds from your account in places that don't accept the vouchers. This also lets you fund any amount you like and you can also use it with PayPal.

For an alternative try ecoPayz and the associated EcoCards. Alternatively Entropay offer a very good prepaid VISA accepted by many betting companies.

My PaySafeCard App

PaySafeCard set themselves apart with the option to use a bespoke mobile app. Available on Apple and Anroid system the app lets you keep track of your registered account and see exisiting and used PINs including expiry dates.

A nice feature is the ability to find outlets nearby where you can purchase a PIN. Get help and information, see promotions and even use the app on a smart watch.

How To Bet Online Using PaySafeCard

Once you have your PIN simply visit any of the bookmakers listed on this page and fund your account instantly by entering the 16 digit code (see example below). You are allowed to use up to 10 PINs in any one transaction. From this point on the money in your betting account is treated as any cash.

Most bookies do not allow withdrawals to PaySafeCard (although some are registered to issue PINs and will let you withdraw this way). Money can be withdrawn using any other registered payment method you have with the bookie.

If you have a my paysafecard account you do not need to keep your e-voucher or write down your pin. You can fund your betting account using just your username and password, see the screenshot example below.

Following purchase your pin is valid for up to 12 months and is shown as a use by date on the voucher. Even if you do reach this expiry limit the PIN will not expire straight away you will instead by charged a £3 monthly fee for each month you go over this limit. If you have a my paysafecard account the charge is £2 a month if you haven't used a PIN within the previous year.

You can have your voucher refunded at any time by sending an email to the company with your card serial number and your details. You may however be subject to a £6 redemption fee

Usually you will be required to fund the account to the amount of the voucher purchased. If this does not suit you there is the option to use an intermediate e-Wallet service such as the PaySafeCard owner Skrill. This way you can load cash to a digital wallet and then spend however you wish.

History of PaySafeCard

PaySafeCard is a system originally devised in 2000 by four Austrians who wanted to bring cash to the internet. They created the method based on existing calling cards and mobile top up systems where cards and vouchers can be purchased providing a PIN that can be redeemed for credit elsewhere. One year later in 2001 the mechanism was rolled out in Germany. In 2002 the service launched printable e-vouchers alongside the physical card and by 2004 cards and PINs became available online.

By 2006 the service expanded to Greece, Slovenia, Spain, Great Britain and Slovakia. By 2008 the PaySafeCard had passed 15 million transactions. The company continued to expand moving into many more countries and in 2014 became part of the international Skrill group.

The Skrill Group was then purchased by Optimal Payments Limited, owners of Neteller, a year later in 2015. The whole group of companies then decided to change its name to the Paysafe group. Following the merger PaySafeCard replaced Ukash as both were owned by the PaySafe gorup.

Countries Where PaySafeCard Can Be Used For Gambling

PaySafeCard is available in over 40 countries worldwide and is available from nearly 700,000 retail outlets. Pre-payment systems are simply another way of using cash and so come under the same restrictions as other payment forms when it comes to using the system for online gambling. For example, if you are betting from a restricted country such as the US you will be unable to use this to fund a UK betting site no matter what payment mechanism you use.

Pre-payment cards and vouchers do however offer a useful way to fund betting accounts from restricted bank accounts. If your bank is based in a country where online gambling is illegal or restricted they may prevent you loading funds into your UK bookmakers account even if you are in the UK. One option to get around this is to use your restricted account to purchase pre-payment vouchers such as PaySafeCard and fund your betting account directly, or indirectly using a digital wallet.

Security

With PaySafeCard and other pre-payment services there is no need to hand over personal bank details. These services are simply alternative cash methods and are afforded the same legal protection that convention cash is. In many senses these services are more secure than cash, if you lose your voucher or card then you can cancel or redeem the voucher online. If you do however lose the PIN and don't cancel the voucher anybody else could use this just as they would if they found real cash.

Its worthwhile registering for the online account as this way your vouchers are uploaded giving you added protection if you lose an e-voucher or pin. If you purchase an e-voucher not linked to a my paysafecard account and then lose it there will be no way to trace your voucher, especially if you pay with cash for that voucher.

These systems have several other benefits too beyond the privacy that cash transactions bring. If for some reason either the vendor or the betting site you are using were to be hacked and card details stolen you would be protected from any fraud if you use PaySafeCard and other pre-payment formats.

PaySafeCard Fees & Limtis

There are no fees when registering for PaySafeCard or when buying a PIN in store. Fees are generally not charged by betting sites either that accept PaySafeCard, and if they do there will usually be a charge for other payment methods too. The few online bookmakers that let you withdraw by generating PINs may occasionally charge a fee.

If for some reason you lose your voucher or would like a refund you may be liable for £6 a fee. If you fail to use your PIN within 12 months you will also be liable for a £2/month fee (£3 if you don't have an account) until you use the voucher or until the voucher amount is used up in fees.

There is a maximum individual payment of £200, or £250 if using my paysafecard. If you verify your account you can increase your transactional limit to £1800. If you want to make a payment larger than this you will need to make several transactions.

Editor’s note: The following is a guest article submitted by payments processor Paysafe. It has been edited for style and the content does not necessarily represent the views of Legal Sports Report.

For sports betting firms operating in crowded markets, finding an edge over the competition is critical. Particularly in mature markets such as the U.K., product differentiation is typically marginal. Similarities in user experience can outweigh differences, and the scope and breadth of sports markets offered are fairly similar from operator to operator.

This is not to say that there is not product and user experience (UX) innovation across the industry – as there undoubtedly is. However, with such a homogeneous offering to work with, acquisition and retention can default to a race to the bottom.

As we see in the U.S., operators are fiercely competing on sign-up offers, ongoing promotions, odds boosts, and competitive vigorish. This tactic has proven to be effective in the U.S. thus far, but it is also expensive as cost per acquisition continues to spiral.

Winning players in the US

With the U.S. online sports betting market scaling at pace – both in states where regulation has already been passed and in states on the cusp of passing legislation – there will be millions of new customers for sportsbooks to win. And sportsbooks are already investing heavily in the battle to win these new players.

DraftKings and FanDuel alone reportedly spent over $154 million in media advertising (excluding social media spend) between January and September 2020, according to data from market researcher Kantar.

More expensive promotional offers and lower odds seem like the unavoidable and foreseeable conclusion to acquiring new players as the U.S. market becomes more saturated. Make no mistake: a combination of pent-up demand for sports wagering and a growing addressable market can support this strategy in the near term.

But what about the long term? This is the high-risk game at play – spend significantly upfront and bet on long-term player monetization. To maximize the economics of this strategy, operators must consider more ways to differentiate.

A change of approach

Ever-increasing costs for player acquisition is neither a healthy state for operators nor the industry as a whole, so if sportsbooks can differentiate themselves another way, then they should.

To find out whether there are other tactics operators could employ to differentiate themselves favorably with players, we commissioned a survey of 2,000 players in December 2020 across eight states with a regulated online sports betting market.

When we asked U.S. players to give us their top three criteria when evaluating different sportsbooks that they do not currently have an account with, over a quarter of players (28%) named good promotional offers as a differentiator that is important to them. A similar percentage (27%) said good odds were in their top three criteria when assessing one sportsbook over another. So, there is clearly some value in both, as would be expected.

But surprisingly, promotions and attractive odds were not the biggest differentiating factors for players. Instead “being able to trust the brand” (32%) and “quick and easy payouts” (37%) were both selected by a higher percentage of sports bettors as being the most important factors when choosing a sportsbook.

How payments factor into acquisition

And the same pattern is true when we asked players with multiple online sports betting accounts open how they choose which account to bet with at any given moment.

Paysafe Online Betting

Both the odds (36%) of the specific wager they want to make, and the inclusion of a promotional offer (44%) are important to much fewer players than how quickly they can receive their potential winnings (51%.)

Moreover, three-quarters of players, when directly asked, say that being able to receive payouts quickly is the most important factor when deciding whether to open an account with an online sportsbook or not.

Looking ahead

As the U.S. online sports betting industry grows and goes from strength to strength in 2021, and new markets open, solving the issue of standing out from the competition is going to be critical for operators. Treating account deposits and withdrawals as a point of differentiation, rather than just a necessary function, will be key.

Specifically, this means increasing speed of payouts to bank accounts, as two thirds of players (66%) expect to receive their funds within 24 hours.

Paysafe Voucher Betting

A second strategy is to offer more payment methods for players to deposit and withdraw. Three quarters (75%) of players would change their payment method if it meant faster payout and over half (52%) would even pay a premium, so it is easy to understand why payment methods that offer immediate payouts such a digital wallet will be critical to sportsbooks’ success.