What is Paysafecard?

Paysafecard is a prepaid online payment. More to the point, it is a physical prepaid voucher that consumers purchase from verified Paysafecard local sales outlets. Paysafecard is available in over 600,000 outlets and is used worldwide in 50+ countries, with cross-border and cross-currency usage possible.

Paysafecard was founded in 2000 and is a subsidiary of the Paysafe Group. The award-winning company is headquartered in Vienna, Austria has over 245 employees, and is a global market leader in online prepaid payments.

Paysafecard offers many benefits to online gambling businesses including easy activation, no chargebacks, and the ability to generate incremental revenue with new customers. Players like using Paysafecard because it is a private, secure and quick way to make deposits.

Top Software Providers that offer Paysafecard

EveryMatrix

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Markor Technology

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SoftGamings

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ProgressPlay

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1click games

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Pragmatic Solutions

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Integration and Functionality

Integrating Paysafecard is easy. You have the option of integrating it directly or via a verified Payment Service Provider (PSP).

If you choose to integrate Paysafecard directly, this is completed via the Paysafecard Service Center. You will be provided with step-by-step guidance through the technical stage of integration, including being provided with REST API keys to integrate into your test environment. Once integration and testing have been completed, you will be able to activate all countries and currencies with a single API. Additionally, you’ll be able to access the Service Center at all times for managing IP addresses and login details for the production system and for testing.

Choosing to integrate Paysafecard via a PSP – which includes some of the software platform providers that we review such as BetConstruct and EveryMatrix – is an easy and straightforward process. You are freed from any technical work and integrating testing. All that is required is a final acceptance test, which is completed by Paysafecard.

How to get a business account through Paysafecard

To become a Paysafecard partner, you will first need to complete the form on the company’s official site.

  • Go to the official Paysafecard site and select the “Business” tab
  • Click “Become a Partner Now”
  • Enter the requested details into the form (e.g. business sector, expected transaction volume using paysafecard, company name, website, your full name, country, email address)
  • Explain how you would like to use Paysafecard
  • Submit the form

Once the form has been submitted, a sales representative will respond to your enquiry to become a partner, and you will proceed from there. Also, businesses are placed in a monthly transaction volume price model. However, there are no setup or monthly subscription fees.

How Paysafecard functions as an iGaming payment solution

Paysafecard is primarily a payment method that is used for making deposits. That said, it does allow for some gambling operators to return funds to certain customers via Paysafecard as well. Eligible customers require a “my Paysafecard” account. Typically, this is offered only in countries where Paysafe Mastercard is available.

Since the single API integration activates all countries and currencies, Paysafecard is an ideal banking option for gambling operators seeking to appeal to players from various markets, to offer local payment and currency options (e.g. USD, CAD, GBP, EUR, NZD).

As for players, this prepaid payment solution is well-liked for being mobile-friendly as well as for its privacy, security, and budget control. To use Paysafecard, players simply purchase a card from a local verified seller, use the funds that have been preloaded on the card, and enter the card’s unique 16-digit PIN. The funds are then immediately deposited into their account.

Benefits and Drawbacks for Players using Paysafecard

Benefits

  • Private and risk-free payment – It’s just like using cash. Players don’t need a bank account or credit card to purchase a paysafecard voucher or pay online.
  • Instant and easy deposit – Players simply head to the cashier, choose Paysafecard, enter the16-digit PIN (or enter their my paysafecard username/password to pay online via their account), confirm the deposit.
  • Easier to keep tabs on bankroll – Once the preloaded funds are used, players will need to add more funds to the card before they can deposit again, allowing them greater control over how much they spend.
  • No fees – It does not cost players to use Paysafecard to deposit at casinos.

Drawbacks

  • Withdrawal not a common option – Most players cannot use Paysafecard as a withdrawal option. They will need to choose another method, such as wire transfer, which is slow to process.
  • Limited deposit amount – Paysafecard vouchers are sold in pre-set amounts (e.g. CAD$10, $30, $50, $100, $150 or $250). Players who want to deposit more will need to have a my paysafecard account and load it with multiple PINs to deposit beyond set voucher limits.

Countries

Examples of countries where Paysafecard is a popular payment method for online casinos and betting sites include:

  • United Kingdom
  • Ireland
  • Poland
  • Portugal
  • Netherlands
  • Belgium
  • New Zealand
  • Canada
  • United States
  • Argentina
  • Peru

Safety and Security 

Since Paysafecard is a prepaid payment, customer transactions are completed in real-time, which means there is no risk of chargebacks occurring. Also, Paysafecard cannot be hacked due to several technical security measures. It also warns against fraud attempts, viruses and trojans.

Customer Support

Paysafecard’s customer support includes a detailed FAQ, a virtual assistant bot “Lara”, a contact form, email and telephone number.

As a Paysafecard partner, you will also have access to an account manager. Your designated account manager will be your primary contact, helping you to take care of your business needs.

Paysafecard Fast Facts

  • Type of payment method – Prepaid card
  • Deposit available – Yes
  • Withdrawal available – Not usually
  • Multiple currencies accepted – Yes
  • Easy integration – Yes
  • Popular iGaming regions – Europe, Canada, USA

Conclusion

Paysafecard is a multi-award-winning online prepaid payment provider. Its easy integration and ease of use make it a top choice among many online casinos and online sportsbook operators, seeking to provide their customers with a secure and fast payment option. Think it would be a great choice for your business? Casinnovate can help you find a Paysafecard partner. Have a look at our software platform reviews or get in touch!