Paysafecard Bingo Sites
Paysafecard is a prepaid voucher payment system and after taking over Ukash it is the ONLY voucher payment system that is widely accepted at online bingo sites.
What is a voucher payment system?
With a voucher payment system, you prepay by visiting a registered outlet (these tend to be convenience stores, newsagents and petrol stations) and buying a card. The funds from the card can then be released at a later time for use online. This is completely different to an e-wallet such as Neteller or Paypal because the funds are tied to a physical card and unless the Payout service has been enabled (see below) it is not possible to withdraw money from it, only spend it. You CAN pay from Paysafecard into the Skrill e-wallet but the fee charged is quite hefty.
How to use
Paysafecards are available in denominations of £10, £25, £50, £75 and £100 and can be ordered online as well as bought from physical outlets. This is quite flexible, as you do not need to spend all the funds on a card at once and also sums from different cards can be combined into one payment. One thing to watch out for, however, is that it is best to use all the credit on a card within 12 months of purchase as after that you will have to pay a monthly service charge.
Each card has its own 16 digit PIN and this number will need to be entered into the cashier section when using it to pay online. If the credit on the card is partially used the PIN on the remainder stays the same (this was not the case with Ukash).
Paysafecard offers a facility for managing cards online, which means that all PINs from owned cards can be held in one account and there is no need to enter PINs when paying, only username and password. There’s also a smartphone app for both iOS and Android to help you manage your cards while out and about.
One thing to be aware of is that there are two types of Paysafecard and in order to be able to use it at a bingo site or any other 18+ only site you MUST have the Adult version, not the Young Adult version.
Paysafecard used to have the major disadvantage that it could not be used to withdraw funds, only deposit them, and therefore players had to use an alternate method to withdraw winnings (and verify it, usually by making a deposit). In September 2015 Paysafecard announced their new Payout service which was developed specifically for gaming operators, allowing winnings to be remitted to a player’s mypaysafecard account where they can either be used to pay for something else, or withdrawn at an ATM using a Paysafecard Mastercard (still a bit of a palaver). Many gaming operators offer this service but not all of them do, so if you plan to use Paysafecard for your deposits this is something to check up on before you sign up.
- You can pay cash for the card so no need for a debit card at that stage
- No details of the method used to pay for the card are stored on the card so remain completely safe from fraud
- Easy to keep track of spending
- It is not possible to run up a debt on it
- Basically cash, so if you lose the card you lose the money (the PIN is printed on the card)
- There may be a transaction fee
- Many bingo and slots sites only accept Paysafecard after the player has made a first deposit by some other means
- Cannot be used for withdrawals, unless the operator has signed up for the Payout service – if not, you will need to set up a debit card or bank transfer and/or possibly pay a charge for a cheque to be issued.
- Many bingo and slot sites exclude Paysafecard deposits from bonus offers and some have additional rules for Paysafe deposits such as a lower maximum bet when playing with a bonus.