Paysafecard was created in the year 2000 when four friends came up with the idea of a form of cash for internet payments. Initially an Austrian service, with its headquarters in Vienna, Paysafecard very quickly expanded into neighbouring Germany. The central idea was to sell people physical cards with 16-digit codes on them, much like familiar bankcards, which could then be used to make online payments. The cards were essentially vouchers with a predetermined value and it was not long before the company began producing e-vouchers as well.
Paysafecard was hugely successful and in 2005, the company received EU funding to help it expand its services into more countries. It didn’t take long for Paysafecard to become available in a large number of countries around the continent and it was soon one of the leading pre-paid payment services. After just seven years, in 2007, the company hit the impressive milestone of having carried out 10 million transactions.
In 2008, Paysafecard received an e-money license from the British Financial Conduct Authority (FCA) through its subsidiary Prepaid Services Company Ltd. At the same time, it continued to expand into even more countries. The next year, in 2009, Paysafecard received a MasterCard license, allowing it to issue prepaid debit cards, and the company was recognised for its hard work with a number of awards. For example, it won the Pay Award for “Best Online or Mobile Commerce Solution” and many Paybefore Awards in categories such as “Best Digital Currency”, “Best Virtual or Digital Programme”, “Top Digital Dollars”, and “Consumer Value“.
A few years later, in 2013, Skrill acquired Paysafecard. At the time it was Austria’s biggest ever start-up exit deal. The deal also made Skrill Europe’s leading payment service provider. Today, Paysafecard is available in more than forty countries across Europe, North America, Australia and more with more than 600,000 outlets selling the pre-paid cards. It offers a number of different products, including a prepaid MasterCard, and it operates a loyalty programme. The company has a valuation of more than €3.4 billion and it counts two of the largest private equity houses amongst its investors, CVC and Blackstone.
Advantages of Using Paysafecard
You will quickly discover that there are many advantages to using Paysafecard. For many people, the main advantage is that there is no need to provide the casino with any personal or financial information when making a deposit, i.e. there is no need to supply a credit card number or any banking information. In fact, Paysafecard is completely anonymous. You can purchase the vouchers in a shop using cash without needing to supply any information whatsoever. You then simply need to provide the 16-digit PIN found on the card when making a deposit, ensuring that at no point are your personal details exposed.
Furthermore, Paysafecard is very quick and easy to use. As mentioned, they can be bought at thousands of shops around the world, so you will never have to go far in order to buy one. When it comes to making a deposit, the funds will be transferred to your account straightaway, allowing you to start playing immediately.
All of this also makes the system extremely secure. As you are not providing any banking details, there is no way that those details can be stolen. As long as you do not lose the physical card and you make sure that no one else has access to the PIN number, then there is no way that your money can be stolen.
Another advantage is that Paysafecard is free to use. You will not be charged any fees when you purchase the card nor will you be charged when you make a deposit. The only thing you should be aware of is that if you have not spent the card’s balance within six months, then Paysafecard will begin to deduct fees from it.
If you sign up for a Paysafecard account online, then you may also be able to benefit from a number of promotions and rewards. The company runs regular competitions that offer a range of exciting prizes including gadgets and digital gifts. This means that by using the payment service, you are actually giving yourself even more opportunities to win.
While the advantages of Paysafecard are numerous, there are a few disadvantages that you should be aware of. The main one is that it cannot be used for withdrawals. However, there is a work around to this, which is explained later. Another disadvantage is that it is not a convenient method for making large deposits as the card values do not go larger than €/£/$100. You can of course purchase multiple cards and use them all to top up your account, but you may find the process a bit cumbersome. Despite these issues, thousands of people find Paysafecard to be an excellent payment system and it is one that certainly deserves careful consideration.
Depositing with Paysafecard at mr.play
The idea behind Paysafecard was that it should be as easy to use as cash, and this is certainly the case. You do not even have to create an online Paysafecard account if you do not want to. All you have to do is visit one of the many thousands of shops that sell the prepaid cards and buy one. They come in a range of values, usually of €/£/$10, 20, 50 and 100, but this may vary from country to country.
You can also create an online Paysafecard account. This is very easy to do and will take you just a few minutes. You can then purchase the prepaid voucher online and pay for it through a variety of methods, such as your bankcard.
Regardless of how you purchase your voucher, once you have it you simply need to login to mr.play and visit the cashier. Once at the cashier select ‘Deposit’ and choose Paysafecard as your payment method. You will then be asked to enter how much money you wish to deposit together with the 16-digit PIN found on the card. Remember, you do not need to deposit the entire value of the card at once if you do not want to. The money will become available in your mr.play account as soon as you have entered the required information and you can then start playing all of your favourite games.
Withdrawing from mr.play with Paysafecard
As explained, Paysafecard was not designed for withdrawals and there is no way of transferring money back to the prepaid cards once you have spent it. However, if you choose to sign up for an online Paysafecard account then you are also able to apply for a prepaid MasterCard, and if you have one of them, then you can use it to make withdrawals.
Remember, before withdrawing from mr.play you will have had to complete the identity verification procedure. This is very simple and just requires you to submit copies of a few documents, such as a photo ID and proof of address. This is a legal requirement and something that you will be required to do at all online casinos. You will also need to make sure that you have met all bonus terms and conditions, and that you have money available in your account.
Once you have your Paysafecard MasterCard you can then select it as a withdrawal method from the casino cashier. You will be asked to enter how much you want to withdraw and to provide your card details. We will then begin processing your withdrawal and the money should arrive within six business days.
Paysafecard Customer Support
If you run into any problems using Paysafecard than an excellent place to start is the help centre on the company’s website. It is packed full of useful information and it has been split into easy to navigate categories. However, if you need further help then you can also contact the customer support team through live chat or telephone. You will most likely find a local number for the country that you are based in and the team are happy to help with all questions. You are also welcome to contact the customer support team here at mr.play and we will always do our best to help.
Paysafecard is the perfect choice for those who do not have access to a traditional bank account or those who are concerned about privacy. It makes depositing funds at mr.play extremely secure and straightforward and withdrawing is still possible, even if it requires a roundabout route. There is no doubting that it is an excellent service and it will be the ideal choice for many players.