What is Paysafecard: Guide & Tips to Consider

Article by : Divya Gandotra Aug 7, 2024

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Paysafecard is a widely accepted prepaid card service launched in 2000 by Paysafe Group. The service was introduced in Austria, but its global reach is now huge, which makes these vouchers the most common for purchasing digital goods and paying for various online services anonymously and quickly.

The beauty of this method is that you don’t add your bank card details to make the transfer, which increases the security level since third-party platforms don’t access your credentials. This approach revolutionized the way people handle their transactions online. Paysafecard is also widely accepted in the iGaming industry since players can deposit small amounts and do it with no KYC required.

To start using the method, it’s enough to purchase the prepaid voucher at one of the thousands of official retailers and get a unique 16-digit PIN code which you will have to insert in a corresponding field to process a transaction. Interestingly, you can use the same code for several transactions when money on your balance covers this amount.

On this page, we’ve prepared a guide explaining what is Paysafecard and highlighting its pros and cons. Additionally, we’ll highlight common Paysafecard scam schemes to help you avoid them, giving efficient safety tips to boot. Here you go to learn all the ins and outs about the Paysafecard prepaid method!

How Does Paysafecard Work? Explanation & Guide

Paysafecard is a prepaid voucher, so you need to purchase this voucher first and spend it at an online shop or any other service accepting the method. Here’s a simple yet informative guide to paying with Paysafecard:

1. Purchase a Paysafecard voucher: these vouchers of different denominations are sold at hundreds of sales points, including online and land-based ones.
2. Reveal the PIN code: each voucher contains a 16-digit PIN code. You can scratch a physical card or reveal a virtual code when buying Paysafecard online.
3. Find a retailer accepting Paysafecard: these can be various online shops or online gambling sites. You can notice a Paysafecard logo on such sites.
4. Enter the PIN to pay: when you are at the cashdesk and pick Paysafecard, you need to enter the amount to pay and the 16-digit PIN code.

Such transactions are instant, and it’s great that you don’t share any personal banking details. The PIN acts as a one-time-use code, validating the transaction. When you have a card worth €100 and spend only €20, this means that you can use the same code one more time to spend the remaining €80 amount.

What Can You Use Paysafecard For?

Well, what is Paysafecard for? Considering its wide acceptance across the world, customers can use it for very different needs, be they online gambling deposits or travelling expenses. Here are the most common areas where you can pay with Paysafecard:

• Online gambling deposits (keep in mind that some promotions exclude Paysafecard, so you won’t be able to activate bonuses)
• Travel expenses of different types, such as booking accommodation or paying for guide services
• Social media platforms available in the form of in-app purchases
• Online shopping, as long as the merchant accepts Paysafecard and the voucher’s value covers the goods’ cost
• Music and video streaming services, especially when you need to make a one-time transaction rather than a subscription

Where to Buy Paysafecard

Well, you like the method and want to use it. Where to buy Paysafecard? Conveniently, it won’t be difficult to purchase the voucher since it’s sold in different forms and hundreds of land-based and online locations. Since customers adore the method for anonymity, the best method not to share your bank details is to purchase the voucher in person for cash. This option is available at different convenience stores, gas stations, and supermarkets, but it also depends on your location. Alternatively, customers can purchase Paysafecard PINs from authorized online retailers, but this method may require additional verification and it’s essential to find proven retailers you can trust.

Can You Transfer Money from Paysafecard to a Bank Account?

Customers can also ask the following: how to transfer money from Paysafecard to bank account? Well, unfortunately, the method isn’t designed for bank transfers since it’s an anonymous voucher for small transactions. First of all, you can use the entire voucher or the remaining amount for further online purchases, so there is no need to send the remaining amount to the bank account; don’t worry, you won’t lose it. However, when you have such a need, you can use Paysafecard Mastercard when it’s available in your region. It’s a unique card option designed by Paysafe which will be linked to your paysafecard account.

Benefits of Using Paysafecard: Will You Like It?

Though Paysafecard can’t boast huge payment limits and can’t be used for withdrawals when you want to cash out from an online site, Paysafecard advantages are outstanding and worth your attention:

• Wide acceptance at loads of online shops & other services
• You don’t share your credentials and don’t need verification
• Payments via the method are convenient and straightforward
• Third-party merchants don’t get your personal information
• Limited voucher’s value helps users to control spendings

Popular Paysafecard Scams and Tips to Protect Yourself

You shouldn’t worry about the safety measures applied by the Paysafe company, but you should be attentive to potential Paysafecard schemes from scammers since they can use the method’s functionality and name to steal users’ data and money. We’ll explain what schemes scammers use and give tips on how to avoid them, such as enabling SMS notifications for Paysafecard transactions, purchasing vouchers from authorized retailers only, avoiding ultra-high sales on unknown sites, and reporting any suspicious activity.

Fake Seller Paysafecard Scams

Scammers may create fake online shops with super low prices and the requirement to pay with Paysafecard. When you make such a payment, scammers steal the PIN code information and will use it to steal money from this voucher. Or such scammers can just disappear after the payment with no goods sent to you.

Phishing Paysafecard Scams

You can receive scam emails mimicking Paysafecard. These messages require sending your PIN code or other sensitive details for verification or other purposes. You can reveal such schemes by suspicious sender addresses, grammatical errors, and urgency tactics. At any rate, keep in mind that official representatives would never require your PIN code.

Social Engineering Paysafecard Scams

When you get messages from your friends requiring an urgent Paysafecard payment, be vigilant since scammers may create fake accounts and pretend to be your friends or family members. You need to check whether this account is new and get in touch with this person in an alternative way, such as a phone call, to clarify things.

Additional Features and Considerations

Depending on your region and needs, you can optionally get Paysafecard Mastercard, a service which allows users to make online and in-store purchases using the remaining balance of the voucher. Furthermore, when you have funds left on your voucher, you can track this amount with the help of the official service which enables users to manage PINs. Yet, this feature may also have geographic restrictions. You can also visit the official site and check what extra services are available for your region.

Conclusion: Final Thoughts About Paysafecard

Paysafecard is a convenient prepaid card used for different needs, including travelling expenses, online gambling transfers, and online shopping. The service doesn’t support large limits and won’t allow you to withdraw funds from online sites with the help of Paysafecard. However, it’s a great way to make anonymous payments and transfer small amounts instantly. Make sure to find proven retailers and avoid common Paysafecard fraud schemes, opt for safety features, and don’t miss the official site to read the news, find out the latest features, and get official customer support help in case of any issue.