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Paysafecard Sportsbook Deposits
When you want to bet on sports online, you have different deposit options available to fund your sportsbook account. You can choose credit cards, bank transfers, digital currencies, etc. One of the popular options is Paysafecard. It is a brand of pre-paid vouchers you can use to make transactions online.
What are Paysafecard Sports Book Deposits?
Paysafecard vouchers can be used for all kinds of online transactions, including deposits for online sportsbooks. The Paysafecard vouchers are available in the following amounts: £10, £25, £50, £75 and £100. You can purchase these vouchers at Paysafecard outlets, supermarkets and convenience stores. You can also purchase Paysafecard vouchers at PayPoint.com. At this website, you can purchase these additional amounts: £125, £150 and £175.
Once you have purchased your voucher, you will see that it contains a 16-digit passcode. You will use this passcode to fund your sportsbook account. After you type in the code at the cashier page of new sports betting sites that accept Paysafecard, the funds will automatically be transferred. You even have the option to deposit only a partial amount, instead of the full amount. If you do choose to deposit only a partial amount, the remaining balance in the voucher will be available for future Paysafecard sportsbooks deposits. Just remember that any leftover funds have to be used within 12 months, otherwise, Paysafecard will charge you £2 per month after that.
Advantages of Sports Betting Using Paysafecard
There are a few upsides to using Paysafecard vouchers for sportsbook deposits:
- Fast and easy online transactions
- Paysafecard does not charge for transactions
- No need to disclose credit card details online
- You bet more responsibly using pre-paid Paysafecard vouchers
If you like fast transactions, then you will appreciate Paysafecard. As mentioned earlier, once you put in the 16-digit passcode, the funds will be processed immediately. This makes Paysafecard a great alternative to bank transfers and other e-wallet sportsbook deposit options that can take several working days.
When you use Paysafecard, you don’t encounter extra fees like other deposit methods. For example, some e-wallets will charge when you deposit to the e-wallet account, and then get charged again when you make a deposit to your sportsbook. With Paysafecard, you get to spend the exact same amount you paid the voucher for. This makes Paysafecard a better choice when it comes to value for money.
The next advantage to using this pre-paid voucher is that you don’t need to disclose your credit card details to Paysafecard sportsbooks. Because you only use the passcode, your credit card details will not be stored in the sports betting site’s server. This gives you an extra layer of protection when it comes to online transactions.
Finally, using Paysafecard will help you bet more responsibly. Betting on your favourite sports events, teams or athletes can get very exciting. It’s hard not to get carried away if you are on a winning streak. But because Paysafecard vouchers are pre-paid, you are forced to limit yourself to a budget. This means you end up playing with more control with Paysafecard than other options like credit cards that force you to spend money that you don’t have on-hand.
My Paysafecard E-Wallet
The Paysafecard brand also launched its own e-wallet that can be funded using Paysafecard vouchers. This e-wallet service is called My Paysafecard. Just like other e-wallets, My Paysafecard has fees, including:
- My Paysafecard annual fee - £9.90
- My Paysafecard refund fee - £6
- My Paysafecard inactivity fee - £2 per month after one year of not using your My Paysafecard account
- My Paysafecard conversion fee - 2% (transactions involving currency conversions)
The My Paysafecard account can hold a maximum £2,000 at any one time. The My Paysafecard e-wallet also has a VIP loyalty programme for all account holders. The more you use My Paysafecard, the more points you will receive. You can then use your accumulated points to purchase items at the My PLUS shop.