Most of us conduct online payments on a daily basis, so finding a fast, secure, convenient, and cheap option becomes very important. Luckily, the market is filled with a variety of financial products for every taste: debit and credit cards, e-wallets, cryptocurrency, and much more.
However, there is one method that stands out – . It allows making fast and safe payments from any part of the world avoiding huge fees and data losses. Want to know more about this option? Then go on reading!
About the company
Paysafecard was founded in Austria in 2000. In 2013, it was purchased by Skrill and in 2015 the Skrill Group joined Optimal Payments Group. A few years later, it rebranded into Paysafe Group and absorbed Ukash and Wallie.
Paysafecard is a prepaid card that doesn’t require a bank account or any personal information. It is a voucher with a 16-digit PIN code that can be purchased in more than 650,000 points of sale across the world. There are also several official online stores that sell Paysafecard in all denominations: $10, $25, $50, $75, and $100.
This payment method is widely used in lots of industries. For example, social media networks, music, telecommunications, and online shopping. It is also not rare to find that offers its services to players all over the world. Gamblers choose this method for its anonymity, instant deposits, and avoiding the risks of exceeding the budget. However, this method is most popular among gamers. It officially partners with League of Legends, PlayStation 4, and Steam in 20+ countries.
How it works
The Paysafe card is most commonly sold as a printed card with a 16-digit PIN code. You need to scratch the back of the card to see it. The card is also sold online and the code is sent to your personal account. As we have already mentioned, the card is available in several denominations – from $10 to $100 (or another currency equivalent). In a dedicated app, you can also choose one of the alternative currencies like Norwegian kroner or Polish zloty.
When you have a card and are ready to use it, go to the necessary online shop or gaming platform, choose the payment section, and insert the PIN code from the card. The money will leave your Paysafe balance immediately. You don’t have to transact the whole sum at once. Just indicate the necessary amount and use the card until the full balance is used. It is allowed to combine up to 10 cards for a single transaction. However, each website might have its own limits.
One of the best things about Paysafecard is that it doesn’t charge any fees for buying cards, using them, or checking your balance and payment history. But here are a few exceptions. 12 months after purchasing the card, you’ll need to pay a $3 administrative fee. If you conduct payments with a currency that is not on the list, Paysafe might charge approximately 2%.
Paysafe advantages
As you already know, Paysafe is a good replacement for regular banking methods and even e-wallets. But to help you make a more informed decision, let us enumerate the main advantages that Paysafe has:
- Support of numerous currencies including . This means that you can conduct transactions in your native currency without any confusion.
- Outstanding security. At the moment, Paysafe is one of the most reliable payment platforms thanks to top-notch security protocols and compliance with international policies. It is also encrypted and has a unique Risk Solution Program.
- User-friendly web-based and mobile solutions. You can log in to the account either on desktop or through a dedicated app to track the payments, change your information, find a point of sale, or select a currency.
- Personalized reports. Business owners have access to Paysafe reports which provide insights, useful tips, and information for better market performance and improved relationships with customers.
A great alternative to traditional methods
If you are looking for a faster and safer way to make online transactions, Paysafe is surely worth trying. It is very easy to find a point of sale nearby or purchase a card on the Internet. With its help, you can remain anonymous and don’t worry about exceeding the budget. Safe and enjoyable purchases!