There are some advantages and disadvantages of using the Paysafecard deposit method at live casinos, so let's examine them:
Paysafecard Pros
Some of the pros of using Paysafecard include its account creation, convenience, prepaid vouchers, ease of use, and so on. Here are a few more details on each of these advantages:
Account Creation
There is no need for a bank card or even creating an account if the player wishes. Potential users only need a phone number and an internet connection to get started.
Prepaid Voucher
It is convenient to purchase a prepaid voucher with a 12-digit code online or in physical locations such as post offices, kiosks, and gas stations. There are even machines where money is put in, and a ticket comes out with a code.
Convenience
A mobile or computer can be used to log in and make a deposit. This is great for people that don't want to leave the house. It's a very easy and convenient way to get playing at a live online casino quickly.
Ease of Use
The Paysafe app is simple to use and can be used on iOS and Android phones. Both also contain lots of information about promotions and FAQs. It is possible to see all the previous transactions and other important information by using the app.
Individual Vouchers
Buying individual vouchers not only limits the amount of money that fraudsters can take from one transaction. It also means that online players can control their budgets easily. It is simple to set a limited budget based on one voucher.
Paysafecard Cons
While there are many benefits to using Paysafecard, there are also few potential drawbacks to consider. Here's a bit more information on these downsides:
Inactivity Fee
There is an inactivity fee for online accounts that have not been used for 12 months. Fees also apply when sending money to a bank account from an online account.
Prepaid Vouchers Limitations
The prepaid vouchers can only be used for deposits and not withdrawals. So a win from a live casino will mean that another method will be required for getting the funds. A bank transfer or a wire transfer may be some options. The company also allows users to make an account online. However, this is not suitable for those wanting real anonymity away from the internet.