Is PaySafeCard A Convenient Betting Site Deposit Option?

January 30, 2018 July 20, 2018 David Nugent

Placing a bet online will first require you to find a betting site that you can trust but you are also of course going to have to find a way that you can make a deposit into such a site, quickly, easily and without having to pay all manner of ridiculous transaction and processing fees too.

There are no shortages of betting sites that are going to allow you to use your credit cards or debit cards as a funding method, however many people tend to shy away from using such cards as they don’t want to give out their personal banking information when betting online.

There are of course no shortages of web wallets you can use such as Neteller and some betting sites also accept PayPal and Skrill too, however not everyone can sign up to use the service so of those web wallets due to where they live in the world.

You may choose to use a cryptocurrency as the way you fund your betting site accounts online, but there are risks with using those digital currencies and the price of them is quite volatile too.

One alternative method that is highly secure and many be worth you investigating is something known as PaySafeCard which allows you to buy vouchers in cash from retail outlets and use the unique code on each voucher to fund your betting sites accounts instantly and in real time, read on to find out how that payment option works in more detail.

How to Buy and Use PaySafeCard

You can visit the PaySafeCard website and by doing so you are then going to be able to enter your postal code or zip code and by doing so you will then be presented with a listing of every single retail outlet nearby your location where you can buy a PaySafeCard voucher.

In fact, there are some vending machines that I have come across in a range of different countries that also dispense PaySafeCard vouchers, so there are going to be plenty of places you can buy them from too.

All that you need to do however if you are buying one from a retail outlet is to decide how much you wish to have credited onto your voucher, and by doing so you will then be given a voucher of that value.

One the front of the voucher is a long unique code number which PaySafeCard call a PIN, and to get your funds then added to your betting site account you simply log into your betting site account, enter that PIN number and the amount you have credited to the voucher and it will then be added to your account balance in a matter of seconds.

The main benefit of choosing to use this payment method is that you cannot spend more than the face value of the voucher and you are also will never need to give out your personal banking information when using this form of deposit method either.

Paysafe is a One Way Payment Method

There may be many benefits that appeal to you personally about using PaySafeCard to fund your online or even mobile betting site accounts. However, one of the downsides of choosing to use that form of betting site deposit option is that you can only use it for deposits!

Therefore it is not possible for you to be able to make a withdrawal from a betting site and be given a PaySafeCard voucher as your winnings that you can cash in at the retail outlet you purchased them from.

As such if you do like the benefits of using that way of making a deposit into any betting site accounts that you hold, you are of course then going to be required to find a way that the betting site is going to pay you out your winnings.

That shouldn’t be too much of a problem as all betting sites do have a wide and very varied range of withdrawal options that their customers can make use of, but do make sure that the one you coos to use is going to enable you to withdraw your winnings without you being forced to pay all manner of different processing and transaction fees.

Most betting sites will also let their customers who choose to make deposits using PaySafeCard vouchers claim any free bets or bonuses that they have on offer, so you will not miss out on being able to claim such offers and bonuses if you do choose to use that form or deposit method.

About The Author

David Nugent

Editor

Hi, my name is David and I am the chief editor of legalbettingreport.com, I am proud to bring you all latest legal matters concerning the sports betting industry , I am a keen sports fan, dabbling in a few odd bets on my beloved Everton FC

Leave a Reply

Your email address will not be published. Required fields are marked *