What is Paysafecard?
At its core, Paysafecard is a prepaid voucher. But it’s lightyears ahead of most other prepaid vouchers because the company has a full system to regulate and maintain security for the users. Before diving deep into which betting sites accept Paysafecard and how they work, let’s try to summarize what this payment method is all about.
- Paysafecard started its humble journey back in 2000 in Vienna, Austria.
- You buy the vouchers for cash and then use the numbers on the voucher to pay merchants online.
- In some countries, Paysafecard offers an e-wallet known as “My Paysafecard”. You can use it just like you do with other e-wallets.
- Paysafecard has a partnership with Mastercard as well that enables users to withdraw cash from ATMs in selected countries.
- Pretty much all betting sites in India accept Paysafecard as a payment method, making them Paysafecard betting sites.
How Does Paysafecard Work?
As it’s a voucher, Paysafecard doesn’t get much appreciation for how intricate the system is. It might be called a “card” but in most cases, you don’t need a physical card to use it. In fact, the “card” part is not present in Paysafecard’s branding in many countries. It’s just translated in the native language to fit the context.
When you purchase a Paysafecard online or from a nearby store, you get a unique 16-digit code. That’s all you need to deposit into betting sites that accept Paysafecard. No need to disclose your full name, address, credit card numbers, or any other sensitive information on the internet.
Each card is equipped with the value you pay for you. For example, a ₹100 Paysafecard has ₹100 in usable value. When you type in the code into a Paysafecard cricket betting site, the servers verify it and transfer the funds to the recipient.
Another great benefit is that you don’t have to use the entire ₹100 at once if you don’t want to. For example, you can deposit ₹50 at betting sites that accept Paysafecard and use the same card to use up the remaining balance later.
Now, it’s normal for you and other Indian punters to think that Paysafecard may not be very safe. You know, because it doesn’t look as fancy as credit cards. However, the reality is different. It’s one of the safest online payment methods you can use in the world!
History of Paysafecard
At the time of writing, Paysafecard is 22 years old! In 2000, the company came out as Paysafecard.com Weterkarten AG. If we translate it to English, it becomes Paysafecard.com Prepaid Inc.
Just as the name dictates, it only dealt with prepaid cards back then. It still does, in many countries across the world.
After its foundation in 2000, the company improved its technological infrastructure dramatically. IBM is believed to be a valued companion and advisor to Paysafecard during that time. The founding CEO at the time was Armin Segeder. Co-founder Michael Muller became CEO in 2004.
Since 2005, Paysafecard has grown massively all over the world. It all started with eTEN funding that enabled the company to expand across EU countries. Fast forward to today, Paysafecard is available in more than 45 countries, including India!
The company has changed parents quite a few times as well. Currently, it’s owned by the Paysafe Group which also owns Skrill and Neteller, 2 of the largest e-wallets in the world.
- Over 50,000 events per month
- Flexible payment modes
- Easy navigation
- VIP program
Paysafecard in India
As part of its massive expansion all over the world, Paysafecard also launched in India. It’s available at lots of dealer points as well as online. After getting the vouchers, you can not only pay Paysafecard betting sites but also lots of other retail merchants online.
The most common vouchers you can get in India are valued at ₹100, ₹200, ₹500, ₹1,000, ₹2,000, and ₹5,000. If you want to deposit more than these amounts in your betting site account, you can simply buy multiple vouchers at once.
Advantages of Using Paysafecard
So, you’re willing to use the vouchers at betting sites that accept Paysafecard. You want to do that because you believe there are certain benefits to this method, right? Let’s find out what they may be.
When it comes to online betting sites of any nature, the security of information is a major area of concern. Even if you read the privacy policy from top to bottom, you can’t expect to understand all the dynamics.
In those cases, a prepaid voucher like Paysafecard can help you a lot. You’re simply buying the vouchers with cash and using the unique 16-digit code to pay for the deposit. You don’t expose any of your information to the betting site in the process. There are very few payment methods in the entire world that can offer such a level of anonymity.
Although anonymity is a part of security, it doesn’t encapsulate the whole concept. There’s more to Paysafecard’s security than what meets the eye. For starters, the 16-digit PINs you get on the vouchers are completely safe from hackers.
Why?
Because there are no electronic chips included like with your regular credit or debit cards, that’s why. All you can do is enter code to the payment portal and Paysafecard’s servers will verify it. In fact, the company is regulated by the Financial Conduct Authority in the UK to maintain anti-fraud and anti money laundering practices.
If you’re worried that someone has access to your vouchers that you didn’t authorize, you can simply reach out the customer support to block it. It’s as simple as that! The website also contains lots of material on how to use the payment method safely on the internet.
Needless to say, you get all standard security features like SSL 128-bit encryption on the payment portal.
As you know, the topic of our discussion today is the Paysafecard betting sites in India. Can you guess why we’re doing it? If there were only a few sites that accepted the method, we may have skipped on it.
But that’s not the case, fortunately. Betting sites that accept Paysafecard in India are actually numbered in hundreds and we’ve listed the best among them for you.
If you’re familiar with how online payments work in the iGaming industry, you may know that some operators exclude specific payment methods from promotions. We’ve even seen restrictions on what games you can play with what payment methods.
Luckily, Paysafecard cricket betting sites are free from these restrictions. You get access to the entire fleet of promotions at Indian sports betting sites and casino games.
Paysafecard in Betting
Since its inception, Paysafecard has become an integral part of punters’ lives all over the world. The trend is very prominent in India as well. The prepaid nature method and the sheer simplicity make it a very compelling choice for betting.
If you browse through the biggest online sportsbooks and casinos from all over the world, you’re destined to find Paysafecard as one of the most common methods. It’s because the convenience the payment method offers can easily be scaled globally. The same happened to the betting scene in India.
How to Deposit and Withdraw Using Paysafecard?
At Paysafecard betting sites, there are 2 major transactions you can do regardless of what payment method you actually use. Deposits and withdrawals. Unfortunately, Indian punters are unable to withdraw funds using Paysafecard.
It’s primarily because it’s a prepaid voucher. The bookmaker of your choice requires a payment method registered in your name to credit the money. With vouchers, you don’t get that. Moreover, My Paysafecard is not currently available in India. When it does become available, you can use the same account for both deposits and withdrawals.
For now, let’s take a quick look at how you can deposit the money tied to a Paysafecard into your betting account.
- Choose one of the betting sites that accept Paysafecard in India from our list and sign up.
- Visit the payments page. You may find a dedicated “Deposit” button on your account interface. Or, you may have to manually navigate to the banking page.
- Choose Paysafecard from the offered list, enter the amount you want to deposit and click next.
- You should land on Paysafecard’s deposit portal. Here, you need to enter the 16-digit unique code. If entered correctly, the deposit should go through immediately.
How Secure is it to Use Paysafecard in Betting?
You already have a good idea of the security protocols Paysafecard has in place. You know that the vouchers cannot be corrupted in any way. You can also educate yourself on safe online browsing from Paysafecard’s website.
All of these security measures carry over to gambling payments as well. Because when you’re paying the betting site with the voucher, to Paysafe’s eyes, it’s an online merchant. So, you get the same steps to authenticate the payment.
If you’re concerned with the security of Paysafecard betting sites in India, we recommend that you stick to the bookmakers we’re recommending. Our team of experts has spent a lot of time in research to evaluate the license and fairness metrics of these operators.
How to Get Started with Paysafecard in India?
As you already know, the e-wallet My Paysafecard is not available in India. The same goes for the Paysafecard branded Mastercard. So, there’s not really a way for you to open an account with Paysafecard.
However, we can help you dial down the steps for getting started with the prepaid card.
- Find an online or physical retailer that offers Paysafecard vouchers. Make sure they’re authentic. You can refer to user reviews.
- Browse through the offered options and see which ones fit your need perfectly. For example, if you’re not a high roller, you can stick to smaller vouchers. On the contrary, if you bet a lot, you should go for larger ones.
- Complete the payment to the merchant after you receive the voucher code.
Fees
Using Paysafecard for betting or for any other purpose is completely free. From what we’ve seen, most betting sites that accept Paysafecard don’t impose any fees on deposits. As you can’t withdraw in India in the first place, the question of withdrawal fees doesn’t apply.
However, it doesn’t mean you can purchase a Paysafecard and forget about it. You have to use it. If you don’t, you’ll lose the value of your voucher incrementally after a certain period. The period varies from country to country and is subject to change.
The bottom line is, if you’ve purchased vouchers for Paysafecard betting sites, you should use them.
Alternatives to Paysafecard
There’s no doubt that Paysafecards are an awesome vessel for your betting needs in India. They’re easy to use, they’re easy to find, and they’re extremely safe. However, they’re not suitable for withdrawals.
So, you may be wondering what other options you can use at Paysafecard betting sites. Stop wondering because we have the answer right here. Below are the methods you can use if you don’t want Paysafecard.
Credit/Debit Cards
It would be incredibly hard for you to find a betting site in India or in any other country that doesn’t offer credit cards and debit cards. Whether Visa or Mastercard or both, you’ll find card payment options. In fact, it’s one of the most commonly used payment methods in the country!
UPI
Unified Payments Interface or UPI is the latest craze in India’s online payment paradigm. It’s a government-backed online banking service that allows users to pay any merchant offering UPI directly from their bank accounts. Needless to say, the betting sites that accept Paysafecard also belong to the merchants’ list.
E-Wallets
E-wallets have literally changed the world of online payments forever. Whether you’re thinking PayPal, Neteller, Skrill, or PayTM, all of them are available in India. Interestingly, all of them are offered at most betting sites too!
The biggest advantage of an e-wallet is that you can use the same method for both deposits and withdrawals. Although this feature is also present for card payments, they are relatively slow when it comes to withdrawals. E-wallets credit the money in your account immediately!
Frequently Asked Questions
We’ve briefly introduced you to the security measures of Paysafecard in our guide today. Also, all of the Paysafecard betting sites we’ve recommended are tested for maximum security and fairness. So, yes, it’s completely safe to use Paysafecard for sports betting in India.
Which deposit/withdrawal methods can I use when using Paysafecard? Well, you can buy the vouchers in cash if you want. If you’re going with an online vendor, you’ll have to refer to their payment methods.
Are there any verifications necessary when using Paysafecard? There are. For My Paysafecard and Paysafecard Mastercard. However, as none of these features are offered to Indian punters, they don’t have to think about any verifications. The only thing that requires verification is your bookmaker account.
Will there be any fees added when I use Paysafecard? The answer is no for most cases. There might be a few operators who impose charges on deposits and withdrawals. But that’s not going to be exclusive to Paysafecard. Also, if you don’t use the vouchers for long enough, Paysafecard will start deducting fees.
What do I do if my Paysafecard payment is declined? It’s very unlikely to happen. If it does, you can contact customer support. The representatives will ask for the 16-digit code and should be able to help you.
How long do deposits at Paysafecard betting sites take? As soon as you verify the code on the voucher, the deposit will be credited to your account.
How long do withdrawals take? In India, you cannot use Paysafecard for withdrawals.
Tips
Before you jump into one of the betting sites that accept Paysafecard based on our recommendation, we’d like to share some tips. It’s a combination of our past experiences as well as concerns we’ve received from our readers.
- Take Your Time
Sure, the advancement in technology has made everything very convenient and less time confusing. However, you shouldn’t push it further and rush through the deposit process. It can result in incorrect input of the Paysafecard code or you may deposit more than you wanted to.
Our tip is, always take the time when depositing. Go through the website from top to bottom to see if you really want to spend time at the bookmaker or not. - Ask About Fees
Although we’re confident that the majority of Paysafe betting apps don’t impose any fees, you may come across one that does. To be absolutely sure of what you’re looking at, get in touch with the bookmaker’s customer support first.
If you’re concerned about fees from Paysafecard, there are none. However, you may end up paying overdrawing charge if you don’t use the vouchers. Ask your dealer about how long the vouchers can sit around in India. - Ensure Paysafecard is Available
No matter how silly it sounds, it has happened before. And it will happen in the future. To make sure that it doesn’t happen to you, you should stick to our list of recommended sportsbooks.
If you want to go independent and find the Paysafecard betting apps for yourself, read through the Terms and Conditions. It’s the single greatest page for any website to locate every piece of information you want.
The offered payment methods and/or any restrictions on them should be listed under the deposit and withdrawal section. - Pay Attention to the Limits
The fact that you don’t have to use up the entire balance from your Paysafecard at once is a great feature. In fact, this makes this payment method one of the greatest prepaid methods of our time.
Just like all great things in the world, there are some drawbacks to Paysafecard too. In this case, it’s the limits. In most cases, the maximum you deposit at once is capped at a relatively lower amount. You may need to read the limits section of the Terms and Conditions page before you start the transactions.
Summary: Paysafecard betting
Whether it’s cricket betting sites with Paysafecard or any other type of betting site, the payment method in question can do wonders. It’s a prepaid method so you can go completely “no strings attached” mode with your sportsbook payments. You don’t have to expose any more information than you don’t want to.
The vouchers are also very easily accessible in India. The only drawback at this time is that you can’t withdraw from betting sites that accept Paysafecard. But we hope that features like My Paysafecard and the Paysafecard Mastercard will be offered soon!