E-wallets like PayPal and Neteller are not the only web-based payment methods out there to use for online casino gaming. Many players also turn to e-vouchers like paysafecard to purchase credit that is redeemable with online casinos upon entering the pin code provided. The following section will advise you on the best places to play, how paysafecard compares with PayPal, and how you can start using it to play with casino sites.
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Since August 31st 2015, Ukash has been replaced by paysafecard following an acquisition. Players will have until the end of October 2015 to use their vouchers before they will become worthless. These e-vouchers perform an almost identical purpose in that you use currency to purchase a 16-digit pin code that is redeemable as cash with online vendors.
From a comparative standpoint, paysafecard performs similarly to Ukash. Therefore, it is difficult to foresee that paysafecard would suddenly move ahead. In terms of security, players can purchase credit in the physical world to redeem virtually. Paying for an e-voucher online is somewhat counterintuitive as you would be exposing yourself to the same risk as simply making casino deposits with your credit card.
Outside of the security benefit, provided it is used correctly, paysafecard can become less convenient as soon as you have to make a payment. That is because hardly any online casinos have a withdrawal system in place for paysafecard. Basically, you would need to receive a pin code in return that would equate to the cash you are expected to receive. You can request a cheque or bank transfer, but the timeframe is simply too long compared to PayPal.
Security is highly impressive for paysafecard, but it does not quite reach the heights of PayPal. Withdrawals and casino deposits via PayPal give you a balance between both sides of the transaction.
Visit the paysafecard site and you can click on a link to look for vendors in your local area. Travel to them and you can purchase vouchers in multiples of £10, £25, £50, £75, and £100. The card will contain a concealed pin code that will release cash once submitted to paysafecard casino sites. Alternatively, it is possible to create an account with paysafecard and make your purchases online. You will limit your exposure by only providing credit card details to one vendor.
Your next stage is to find paysafecard casinos. News and review sites such as ours are excellent places to find such sites. At any online casino you visit, make sure to scroll to the bottom of the page for a recap on the accepted deposits. Look for the paysafecard logo to confirm that the casino accepts it as a payment method.
The next stage is to go ahead and create a new account with the casino, filling in any required information and following any relevant instructions. Soon you will have access to the casino lobby, at which point you should look for the cashier. Click on the relevant link and then enter the deposit value of your paysafecard. You will then be required to enter accompanying pin code from the card to unlock the funds and credit them to your playing account.