paysafecard

What paysafecard Is

paysafecard is a prepaid code rather than a card or an account. A buyer pays at a sales outlet and receives a 16-digit code, then enters that code to pay online. No bank account, card or credit check is involved, which is why the method exists at all.

Who Operates It

Prepaid Services Company Limited states that it is licensed by the Financial Conduct Authority in the United Kingdom under the UK Electronic Money Regulations 2011 for the issue of electronic money and financial instruments, with firm reference number 900021. Paysafe states separately that Paysafe Prepaid Services Limited, trading as PaysafeCard, my PaysafeCard, PaysafeCard Mastercard and PaysafeCash, is regulated by the Central Bank of Ireland. The Mastercard in that list of trading names is no longer on sale: paysafecard’s own notice gave 31 July 2025 as the date it would say goodbye to its current prepaid Mastercards, with cards already issued working until they expire, and its terms and conditions state that new sign-ups for the PaysafeCard Mastercard are unavailable.

Where It Is Available

Paysafe states that paysafecard is available at more than 650,000 points of sale in more than 50 countries and more than 30 currencies. paysafecard's own product page sets the boundary plainly: it publishes a country table and says that if a country is not in it, paysafecard cannot be used there yet. That table is on paysafecard's own site and is the only version worth relying on, because the list changes. The United States product is a different thing from the European one — paysafecard's United States page describes a closed-loop gift card issued by The Bancorp Bank N.A., used with a 16-digit PIN at participating games partners and licensed online gambling partners, rather than the European e-money prepaid code.

Limits on a Single Payment

paysafecard publishes a per-payment ceiling, and it is low. The limits table on its United Kingdom page gives a maximum amount per payment of GBP 40. That figure is the GBP one, from a country page; other currencies have their own tables, and the figure is reported here with its region named rather than as a global limit.

Payouts Are Published, Within Limits

A paysafecard account can receive a payout, and paysafecard publishes the ceilings. Its United Kingdom page gives a monthly payout transaction limit of GBP 250 for a PaysafeCard account Standard, and an annual payout transaction limit of GBP 24,000 for a PaysafeCard account Unlimited. A separate refund route exists as well, with its own charge. Whether a particular casino offers paysafecard as a withdrawal option is a matter for that operator's cashier.

Fees and Timings

paysafecard states that using paysafecard and making the payment are generally free of charge, and then lists specific charges that do apply: from the second month a monthly service fee of GBP 4 is deducted from the residual credit on a prepaid code; a refund has GBP 6 per refund deducted from the amount paid out; from the thirteenth month a monthly fee of GBP 5 is deducted from a paysafecard account where the holder has not transacted within twelve months; and paysafecard states that it charges a fee for transactions with currency conversions, pointing the reader to its own currency calculator for the rate rather than publishing a percentage. No processing-time figure is published for paying a merchant with a code, so none is given.

Buying a Code in Person

One downside to paysafecard is that you have to get out of the house and buy the code in person, so it is not a convenient method. The flip side is that the inconvenience works as an effective spending limit. Where the nearest outlet is depends on the country: paysafecard runs its own sales outlet finder, which is the only list worth checking.