Paysafecard has long been one of the most popular payment methods available, and you’ll find plenty of Paysafecard betting sites. Launched in 2000, Paysafecard offers a unique and secure method of adding funds to your betting account, with an increasing number of customers in India taking advantage of it. This page will deliver a detailed review of Paysafecard, with a specific emphasis on his it works in India.
Paysafecard Betting Sites India
Customers in India can purchase a Paysafecard to the amount of ₹5000, ₹2000, ₹1000, ₹500, ₹200 and ₹100, meaning that it is a payment method that caters well for both beginners and high rollers. It’s quite common to find Paysafecard betting sites today, and the majority of our recommended top 10 betting sites India will offer such payments.
Today, it’s easy to find Paysafecard betting sites in India. However, it is worth noting that, due to its format, Paysafecard only accommodates deposits and not withdrawals. Minimum deposit amounts vary between bookies, however all payments are processed instantly, without fees. In order to purchase a Paysafecard voucher online, credit and card providers including Mastercard and Visa can be used, while some retailers in India have also introduced such products.
What Is a Paysafecard?
Paysafecard is a prepaid card that can be used to make payments at a number of online merchants, including betting sites that accept Paysafecard. Founded in 2000 in Austria, Paysafecard is now available in over 40 countries, including India, with cards being available for purchase both online and in stores.
Paysafecard is owned by the Paysafe Group, with the private limited company having also obtained a license from Mastercard. Payments made using Paysafecard are processed without the need to enter any bank or card details.
How Does Paysafecard Work?
Paysafecard is an accepted payment method at many online retailers, including betting sites. With vouchers containing a unique 16-digit PIN. There is no need for a bank or e-wallet account, however users must be in a position to purchase a Paysafecard through a reliable outlet, whether it be online or in person. It’s a great option for players using online betting apps, as you can conveniently by it on the go.
Customers are able to choose the amount in which they wish to add to their prepaid voucher, whether it be INR 10,000 or INR 100,000. Payments via Paysafecard are verified using the 16-digit PIN, with this method of payment currently only accommodating for deposits at betting sites. Those looking to purchase a prepaid Paysafecard online will obviously have to use a credit/debit card or their bank account details.
History of Paysafecard
The history of Paysafecard dates back to Austria in 2000, with four friends having launched the payment system. The concept was revolutionary at the time, with vouchers having initially been available only in retail shops. However, they were made available for purchase for the first time in 2004, helping them to reach 10 million transactions just three years later.
Paysafecard developed an association with Mastercard in 2009, before Skrill purchased them in 2013. Both Skrill and Paysafecard were then acquired by PaySafe Holdings UK Limited in 2013. Paysafecard is still based in the Austrian capital of Vienna, with the payment method being available in almost 50 different countries, 20+ currencies and on over 4,000 websites.
Paysafecard Bookmakers Pros & Cons
As with any online payment method, there are both advantages and disadvantages to using Paysafecard betting sites. For punters based in India, the following are the main pros and cons of Paysafecard, based on our experiences:
Pros
- Availability – Paysafecard is accepted by the vast majority of online bookmakers, with it now being difficult to find a betting site that has not already added it. Paysafecard is no synonymous with the gambling industry as a whole.
- Speed – Deposits made using Skrill are instant. As a result, there is no need to wait for funds to appear in your account. As such, Paysafecard is a good option for those regularly placing time sensitive bets, including those on in-play markets.
- Easy – Paysafecard is easy to use, with a voucher being purchased simply online.
- Secure – Paysafecard also has an excellent reputation when it comes to security. 128-bit SSL encryption technology helps to ensure that all transactions are processed safely, with all personal details being secure at all times.
- Fees – There are no fees to worry about when it comes to depositing money via Paysafecard. It is only the cost of purchasing a voucher that will be incurred by punters.
- Currencies – Paysafecard is available in Indian Rupees, as well as a host of other major currencies, including EUR, GBP, CHF, SEK and NOK.
- Mobile – The Paysafecard mobile app makes processing payments on the go easier than ever. The Paysafecard website is also fully functional on most browsers, meaning that mobile bettors can deposit funds anywhere, at any time.
- Privacy – Customers can deposit at betting sites without uploading any of their bank or card details, with just your Paysafecard PIN being required.
Cons
- Bonuses – Deposits made using Paysafecard are unlikely to be eligible for any bonuses offered at betting sites in India today. Bonus terms and conditions normally state that qualifying deposits must be made using a credit/debit card or specific e-wallets.
- Limits – Those looking to deposit large sums of cash may find that Paysafecard does not cater for their needs. Payments of over INR 200,000 are likely to require an alternative method of payment.
- Fixed Amounts – Paysafecard vouchers can only be purchased at specific amounts, including of ₹5000, ₹2000, ₹1000, ₹500, ₹200 and ₹100. As a result, there is no way to deposit different amounts at your chosen betting site.
- No Withdrawal options – You can only deposit using Paysafecard, so you need to use a different option for withdrawals.
How to Deposit and Withdraw Using Paysafecard
As we have already discussed, Paysafecard is a payment method that can only be used to deposit funds at betting sites, with those looking to take home funds having to find an alternative option. However, the following is a step by step guide surrounding how to add funds to your betting account via Paysafecard:
- Locate your preferred Paysafecard outlet online.
- Purchase a Paysafecard at your preferred amount.
- Sign up or log in at a betting site accepting Paysafecard as a payment method.
- Enter the cashier page and select the deposit option.
- Enter the amount in which you wish to deposit.
- Click on the Paysafecard option.
- Enter your 16-digit PIN number, found on your Paysafecard.
- Confirm the transaction.
- Wait just a few seconds for your funds to appear in your betting account.
Withdrawals
Unfortunately, withdrawals are not available using Paysafecard. We will outline some of the best alternatives available to customers in India later on.
How to Open a Paysafecard Account
Before you can start making payments via Paysafecard, users must first sign up for an account. This process takes just a matter of minutes, with those registered being able to take advantage of some appealing benefits. The following is a step by step guide outlining how punters in India can sign up at Paysafecard:
- Enter the Paysafecard website or download the Paysafecard mobile app.
- Click or tap on the “Sign Up” option, located in the top-right hand corner of the page.
- Complete the registration form by entering your full name, date of birth, telephone number and your address.
- Create a username and password.
- Accept the terms and conditions and opt in to receive benefits from Paysafecard.
- Verify your new Paysafecard account via email.
- You are now free to purchase a Paysafecard at varying amounts.
Is Using Paysafecard Safe?
Paysafecard is about as safe as it gets in terms of online payments. The only thing in which customers really have to worry about is keeping their Paysafecard PIN safe, with those gaining unwanted access being able to spend the remaining balance with relative ease.
Using Paysafecard to deposit funds for wagering also means that there is no need to store bank card of account details on your betting account. Elsewhere, encryption technology is used to ensure that all personal and financial details are kept safe at Paysafecard, while the platform has a security certificate from a respected industry authority.
Paysafecard Fees
Betting customers will generally not have to worry about incurring any fees when depositing funds with their online bookie. However, a small maintenance fee may be incurred per month, however this only comes into effect 6 months after the purchase of a Paysafecard. This will be deducted from the balance of a card. Meanwhile, those converting funds into a foreign currency will also likely incur a fee, with the exact amount depending on the amount involved, as well as the currencies. Meanwhile, customers looking to process a refund through Paysafecard will also be charged, which is again deducted automatically.
Alternatives to Sports Betting Paysafecard
No payment method is perfect, and neither is Paysafecard. If it’s not the right fit for you, or you simply want to explore other options, check out our three recommended options below.
- Skrill - Skrill is a method of payment chosen by many betting customers nowadays, however it will not suit the needs of all. If you have not liked everything in which you have read about betting sites that accept Skrill on this page, then be sure to check out the other alternatives.
- PayPal – PayPal is the most popular e-wallet online today. Founded over 20 years ago, PayPal accommodates users from all over the world. Payments can be made in Indian Rupees, with the security, speed and convenience making it an appealing option for many. Find the best PayPal betting sites here.
- Paytm – This e-wallet and mobile app is unique to Indian users, and you’ll even find many betting sites accepting Paytm. Most Indians have a Paytm account already set up, which makes it convenient to use for online gambling.
Tips for Using Betting Sites with Paysafecard
Paysafecard is somewhat unique in its format, meaning that it may be new to many potential customers. With that being said, the following are our top tips for using Paysafecard betting sites:
- Be sure to only purchase a Paysafecard from an authorized outlet.
- Never pass your Paysafecard PIN onto anyone else, whether it be in person, over the phone or via email.
- If you have any questions or issues surrounding the use of a Paysafecard, contact their customer service team, who are on standby 24 hours a day.
- A Paysafecard can only be purchased at a specific amount, so be sure to consider your future betting activity when deciding how much you wish to add.
- If you are suspicious about any activity surrounding your Paysafecard, be sure to lock it, which will automatically keep your remaining balance safe.
Bottom Line on Betting Sites that use Paysafecard
Paysafecard is quickly becoming one of the most popular payment methods for betting customers in India. With an increasing number of bookmakers accepting it, its ease of use, safety and convenience is attracting new users on a daily basis. Prepaid cards are the preferred method for many today, with Paysafecard being completely legal and regulated. Be sure to check out what the company has to offer, with rewards, Mypaysafecard and 24/7 support also being found.
FAQ’s | Sports Betting with Paysafecard
Is it safe to use Paysafecard for sports betting?
Yes! Paysafecard is one of the safest methods of payment available to sports betting customers. All of the necessary security measures are in place when purchasing a card, while deposits at betting sites require no bank account or bank card details, adding another layer of protection as a result. Users must simply look after their Paysafecard PIN.
Do I Have to verify payments when using Paysafecard?
When signing up at Paysafecard, verification is required, with users having to upload a copy of their passport, driving license or National ID card. Having done so, a Paysafecard PIN is the only thing that is needed to complete payments.
Will there be any fees added when I use Paysafecard?
Deposits at betting sites using Paysafecard are processed free of charge. However, fees will potentially come about when it comes to currency conversion, returns and maintenance.
What do I do if my payment is declined?
If your payment via Paysafecard is declined, be sure to double check that you have entered the 16-digit PIN correctly. If this is not the issue, contact the Paysafecard customer service team in order to fix the problem.
How long time will it take before my deposit is received by the betting site?
Deposits made using Paysafecard at betting sites are instant, meaning that punters do not have to wait at all in order to start using funds.
How long time will it take before my withdrawal is received from the betting site?
Unfortunately, Paysafecard is not a payment method that caters for punters looking to withdraw winnings made at betting sites. As a result, an alternative method must be used for withdrawals.
Arjun Jindal | Last Modified: August 10, 2022
