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News - 01/12/2014
Depositing Betting Funds using Paysafecards

What is Paysafecard?

 

For those who don’t know, Paysafecard is a pre-paid online payment method. Customers are able to process payments without having to disclose any credit or debit card information, a deciding factor for many, as today more than ever, privacy is key. Not only is Paysafecard one of the most certified payment methods available on the web, it allows holders to process payments quickly and with the utmost safely.

 

Although primarily associated with online shopping, Paysafecards are also a proven method of depositing funds into an online betting account. Purchasing a Paysafecard is simple. By visiting one

of the 450,000 outlets worldwide, you can exchange a cash amount to be loaded onto a Paysafecard. Upon purchase, you will receive a 16-digit pin which is used in order to complete online transactions. For example, depositing funds into a betting account at one of the Paysafecard partner sites.

 

In order to successfully deposit funds, you must be using a betting site which approves Paysafecard as a viable payment method. Although some do not, plenty of the major online bookmakers and Betting Exchanges like World Bet Exchange (WBX) accept Paysafecards.

 

Why use Paysafecard?

 

There a number of reasons why one might opt for using Paysafcard for online betting. Aside from the safety advantages over regular debit/credit card payments, one particular advantage of using Paysafecards to deposit gambling funds, is that because you are only able to use at partner sites and because the card has to be loaded with cash, one is less likely to spend more than intended when gambling. Thus to some degree, minimising the risk, as you can only lose what cash has been loaded onto your Paysafecard.  A further advantage is; because it legal for you to allow someone else to use your 16-digit pin, Paysafecards make an excellent gift for someone who enjoys online betting.

 

Security From a security point of view, you might be thinking: how can I be sure it’s secure and that my details are safe? Paysafecard, ensure their users that security online is constantly monitored and regularly upgraded. The beauty of the Paysafecard though, is that the 16-digit pin you are given, relates only to your cash account. At no point are any credit/debit card or bank details ever revealed, meaning there is zero chance of your private financial information falling into the wrong hands. This being said, it is still important for users to exercise caution when using Paysafecards. Keeping your

pin safe is always advised, because although gaining access to the 16 digit pin wouldn’t enable anyone to identify your card/bank details, it would of course enable them to use whatever money is loaded onto the Paysafecard. Likewise, at no point should you be coerced into adding funds through a website claiming to be Paysafecard, money is only legitimately loaded through authorised sales outlets, where payments take place only in cash. From time to time there will always be websites masking themselves as Paysafecard in order to obtain your card/bank details. These are of course online scams and cooperation with such rogue sites, should always be avoided[CC1].

 

WBX.com is a good place to start depositing with Paysafecard. They accept deposits in GBP, EUR, USD, AUD and CAD currency and have a generous offer of up to £25 free bets for new members. Their odds are also much higher than most bookmakers so you will win more on your bets. Sign Up Now!


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