Essentially, a Paysafecard is a pre-paid card that allows you to spend money online without needing a bank account. Obviously, you are free to use a bank if you wish. This secure payment method will offer a layer of additional privacy between your current account and online betting sites, though.
The Paysafecard is steadily becoming synonymous with online betting websites. This betting payment method is constantly growing in popularity. You load up your card with money in advance, making depositing into your online account easy.
Read on to find out why we favour this form of payment. We talk you through how to use it, if it’s secure and how to bet.
- 1 Best Paysafecard Betting Sites
- 2 What is Paysafecard?
- 3 How Does it Work?
- 4 How to Use Paysafecard for Online Gambling?
- 5 How Do I Deposit on a Betting Site with Paysafecard?
- 6 Are There Fees Involved in Using Paysafecard for Betting?
- 7 The Benefits of Betting With a Paysafecard
- 8 Frequently Asked Questions
- 8.1 Why Have I Never Heard of Paysafecard?
- 8.2 Do I Need a Current Bank Account to Get a Paysafecard?
- 8.3 Will Paysafecard Ask for My Personal Information?
- 8.4 Where Can I Buy a Paysafecard?
- 8.5 Is There a Minimum Deposit Amount When Betting with Paysafecard?
- 8.6 How Much Can I Deposit into My Betting Account with a Paysafecard?
- 8.7 Will Paying by Paysafecard Impact Odds?
- 8.8 Will Paysafecard Refund Me if I Change My Mind About a Bet?
- 8.9 Can I Cancel My Paysafecard Account and Get My Balance Refunded?
- 8.10 Can I Have Multiple Paysafecard Pins?
- 8.11 What are the Terms and Conditions of Using a Paysafecard?
- 8.12 Will I Still Get Free Bets if I Use Paysafecard?
- 9 Summary
- 10 Other Horse Racing Betting Payment Methods
Best Paysafecard Betting Sites
Check out the full recommended list of best Paysafecard Betting Sites updated with best bonuses for January 2021.
New Customers Only. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits apply. Full T&C's Apply
New customers only – Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply. Full T&C's Apply
New UK & NI customers only. 18+. Sign up using promo code ‘SPORTS60’. Deposit & place first sports bet at a minimum of £10 in one bet transaction at evens (2.0) +. £30 paid in free bets within 48 hours of bet settlement, expires 7-days after issue. Doesn’t apply to customers who place their first bet on the Virtual Grand National. E-Wallet & Prepaid Card restrictions apply. Your first bet must be settled within 60 days of bet placement. SMS validation may be required. Game restrictions apply. Maximum 30 Free Spins on selected games. Free Spins expire after 7 days. Full T&C's Apply
18+ New UK+IRE customers. PayPal and certain deposit and bet types excluded. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets valid for 7 days on sports, stake not returned, restrictions apply. Full T&C's Apply
New players only. Qualifying bet(s) must have minimum odds of 3/1 and must be settled before triggering free bet. Free Bet must be used on an accumulator with 3 or more selections. 18+. begambleaware.org. Full T&C's Apply
18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. Full T&C's Apply
KQC: 18+. Play safe. New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. Full T&C's Apply
New customers only. 18+, BeGambleAware.org. Min deposit £10. Money back as bonus. Wagering requirements: Sportsbook 3x at min. odds of 1.40 (2/5), Casino 25x. Only one bonus can be used at a time, Sportsbook bonus must be wagered before using the Casino, unless the bonus has been forfeited. Bonus will expire after 7 days of opt-in. Full T&C's Apply
18+ New Customers only. Deposit, opt in and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days. Plus a £10 Game Show Bonus, selected games, wager 40x to withdraw a max of £250. PayPal and Card Payments only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly. Full T&C's Apply
What is Paysafecard?
Paysafecard is an e-commerce payment service used to buy products and services using cash. The history of Paysafecard dates back to 2000, with the company initially known as Optimal Payments. It changed name in 2015.
Paysafecard was similar to Ukash, its lone competitor, which was acquired by the passage group. This makes Paysafecard unique in the e-commerce world.
If you want to deposit funds into an online account without using debit cards or a bank transfer, this Austrian-based option, based in the city of Vienna, has the answer. Paysafecard provides prepaid payment solutions to approximately 1 billion customers in 43 countries around the world.
How Does it Work?
Paysafecard is a prepaid card which can be used to shop online across the world or in-store on your local high street. The primary benefit of this payment method is that it allows you to avoid funds coming directly from your bank. Instead, you deposit the money you want to spend on the card. You can even use cash if you like. This means that betting sites that accept Paysafecard can place your wager without obtaining any of your personal details.
In addition to privacy, this payment method is a great way to cap and control your online betting.
If your balance is empty, you’ll need to wait until it’s been topped up before you can bet again. That reduces the temptation to impulsively keep gambling in an attempt to reverse a cold streak, getting yourself into financial difficulty.
Paysafecard is simple to use, and you can instantly transfer money onto your card. Do bear in mind that most bookmakers will not let you withdraw to this card, though. This means you may still need to hand over bank details to gain your winnings, even if you’re using a Paysafecard to place your bets.
If you’re interesting using Paysafecard for your online sports betting, follow these steps.
- Head to the Paysafecard site and sign up for an account. This is rapid and completely free
- On the site, you’ll find your closest bricks-and-mortar retailer. You’ll need to purchase your first Paysafecard in person, so head to the shop in question and pick yours up, loading it up at the same time. You can pay cash, debit card or credit card to make your first deposit onto the card.
- Download the Paysafe group app for iOS and Android on your smartphone or tablet
- Once you sign-up and attempt a transaction, you will receive a 16-digit PIN
- You can use this PIN to add funds to your card, which in turn can be used as a deposit method on your Paysafecard betting site of choice
- After your first purchase, your PIN can be used for 12 months. If you want to keep using this payment type for better after this – or for any other reason – you’ll need a new PIN or to pay a fee to keep the old one alive
How to Use Paysafecard for Online Gambling?
Paysafecard stands above other payment methods for funding a betting account as you’re allowed to use cash. With the method, you can register and gamble with online sites without having to share your financial or bank details that could easily be compromised.
There is no need to add a credit or debit card to your account or go through any time-consuming processes like creating an e-wallet. All the same, placing a bet is just as easy as using other, more traditional payment methods. Just select Paysafecard as your payment source of choice.
All you need to start betting with Paysafecard is a 16-digit PIN. If you sign up for the payout service, you’ll keep your personal information private as you withdraw winnings to your Paysafe account – though be aware that many online Paysafe betting sites do not offer this option.
How Do I Deposit on a Betting Site with Paysafecard?
So, by now you have a Paysafecard, a 16-digit PIN and money in your Paysafecard account that you’re keen to place in your betting account. What next?
It’s simple really. Head to one of the Paysafecard betting sites that we recommend at the top of this page and decide which bookie meets your needs best. Ts and Cs apply with each online bookmaker, so do your due diligence to make sure you’re getting your money’s worth.
These Ts and Cs also apply to any welcome bonus that you may be open to new customers, such as free bets. If you want to make a free bet, you may instead need to sign up using an alternative method. You can also delete this information and replace it with a Paysafecard once you’ve made a qualifying bet. Check any rules surrounding this. 7 days free betting stakes is a common condition of a welcome bonus.
Once you’ve settled on which horse racing UK betting site works for you, select Paysafecard as a payment type. You’ll be prompted to enter your 16-digit PIN. This is the equivalent of the long card number on the front of a debit or credit card. As long as you have money on your Paysafecard, and the PIN was issued within the last 12 months, your bet will be placed.
Using this method to deposit funds with your favourite online Paysafecard betting sites takes just seconds – perfect for acting on a late tip. Some new online betting sites also accept Paysafecard withdrawals, but it usually takes about two working days to complete the process. In addition, not all bookies will offer this service. Have a good look at which Ts and Cs apply before committing. You may still need to provide bank account information to obtain any winnings.
Are There Fees Involved in Using Paysafecard for Betting?
Unlike some e-wallet providers, which are arguably the closest competitor to Paysafecard betting, it’s usually free to use Paysafecard for online payments. However, you’ve to know that specific situations may involve fees. Check which Ts and Cs apply with any online merchant before using Paysafecard.
It’s free to register for a Paysafecard and obtain a PIN Generally, there are no fees when you use Paysafecard to add funds to your betting account. If there is a fee, it will be a charge that applies to all other payment methods. Online bookmakers with withdrawal methods that generating PINs may charge a fee occasionally.
Be aware that, after 7 months of use, a service maintenance fee of £3 will be deducted from your paysafecard balance. It’s up to you if you’re OK with that. Other examples of instances where you may pay a fee include when you request a refund. The sum of the deduction depends on the amount being refunded, but it is often locked at £6. Also, users are charged an additional service fee of £5 per month after 12 months of inactivity on a Paysafecard account.
The Benefits of Betting With a Paysafecard
There are clear and obvious advantages to using paysafecard in conjunction with your betting account. These include:
- You can use cash to top up your paysafecard balance, retaining your privacy
- You can top up a Paysafecard instantly online using Neteller or Skrill
- The Paysafe group take your security seriously and will act on any suspicion of fraud or theft
- You won’t need to hand over any personal details to a betting site
- You can manage your gambling – if you don’t have enough money on a prepaid Paysafe card, you can’t use it to place a bet. Paysafecards do not offer a, “bet now, pay later” service
As with all payment methods, Ts and Cs apply to using Paysafecard for gambling online. Make sure you’ll get any free wagers that you’re expecting, and that any free bet stakes are not altered for using this payment method. Overall though, Paysafecard is a great, secure way to gamble.
Frequently Asked Questions
Below are questions we get commonly asked:
Why Have I Never Heard of Paysafecard?
We cannot answer that for you. Rest assured though, the history of paysafecard is completely transparent and easily accessed online. The company was previous known as Optimal Payments, so perhaps you have heard of them? If a vendor has not heard of paysafecard, point them toward the sales guide on the website.
Do I Need a Current Bank Account to Get a Paysafecard?
No, that is the beauty of Paysafecard. As is prepaid service, you can top up your balance with cash. This is the only way to bet over the internet with ‘real money’. Naturally, this is completely private, secure and safe.
Will Paysafecard Ask for My Personal Information?
No, the website will not ask for bank or debit card data. You’ll need an email address to monitor your balance, but that’s about it.
Where Can I Buy a Paysafecard?
Head to the Paysafecard website and you’ll be provided with a long list of potential vendors. Any convenience shop or petrol station forecourt with a PayPoint or ePay service will offer Paysafecard services. You can also pick up a Paysafecard in branches of Asda, WH Smith, McColls and OneStop.
Is There a Minimum Deposit Amount When Betting with Paysafecard?
The minimum deposit requested by a bookmaker depends on their unique policies. Take a look at what Ts and Cs apply. William Hill, for example, demands a min £10 deposit if you bet this way. At Coral, you can deposit £5.
How Much Can I Deposit into My Betting Account with a Paysafecard?
All transactions are capped at £40. If you want to place more than that into your account, you’ll need to make multiple transactions.
Will Paying by Paysafecard Impact Odds?
That depends on the bookie. Odds of 1, 2 , 10 or 50- 1 should remain in place with paysafecard – it’s basically a cash wager. Do make sure this is the case, though. Every betting site has different policies.
Will Paysafecard Refund Me if I Change My Mind About a Bet?
No, the paysafe group will not get involved if you experience gambler’s remorse. If you want a refund, you will need to arrange this directly with the bookmaker. If your request is accepted, the refund will be restored to your paysafecard balance. There may be a fee incurred, though. Usually, this expense will be included in returns deposit.
Can I Cancel My Paysafecard Account and Get My Balance Refunded?
Yes, you’ll just need to fill on a form at the paysafecard website. If you provide bank details, the balance remaining on your paysafecard PIN will be refunded and the PIN will be declared inactive.
Can I Have Multiple Paysafecard Pins?
You can have up to three active paysafecard PINs active in your name at any given time. This is a way of getting around any spending limits, should you wish to do so.
What are the Terms and Conditions of Using a Paysafecard?
Take a look at the official Paysafecard website for a full list of Ts and Cs. We’re confident that you’ll find them very reasonable and pretty standard.
Will I Still Get Free Bets if I Use Paysafecard?
That depends on the betting site in question, and what terms and conditions apply to that particular bookmaker often a first deposit is required. All will become clear once you place your first bet. It’s possibly advisable to start small and stick with a min deposit, gradually adding more funds to a Paysafecard once you’re sure it is working for you. Check on other rules and regs too, such as bet stakes not included. You may also find that any free wager bonus is only valid for 7 days, so act quickly.
An increasing number of betting sites and online gambling sites are starting to accept Paysafecard as a payment method, with good reason. This is payment type ensures that the bookie gets their money immediately, no questions asked. As a bonus. it’s also secure and easy for punters to use. There’s a lot of love about Paysafecard when it comes to sports gambling over the internet. Look into this payment style if you’re keen to retain your privacy and moderate your betting.
Other Horse Racing Betting Payment Methods
Our team has reviewed other payment methods for horse race betting. Check out our latest posts updated on January 2021 :
- Apple Pay Betting Sites
- Bet Using Phone Bill
- Bitcoin Betting Sites
- Boku Betting Sites
- EcoPayz Betting Sites
- Ethereum Betting Sites
- Neteller Betting Sites
- No Card Details Horse Betting Sites
- Payforit Horse Betting Sites
- PayPal Betting Sites
- Paysafecard Betting Sites
- Skrill Betting Sites
- Trustly Betting Sites
- Ukash Betting Sites