How to Redeem and Manage Your Paysafecard Balance

Cash is no longer King, but still popular

Your Paysafecard is a small piece of fintech wizardry that essentially allows you to convert cash into digital currency and pay and play online. Rather than having to use a bank account or associated digital wallet, Paysafecard is a great way to keep your 'fun money' separate from the humdrum, everyday costs and essentials. 

While the percentage of people paid in cash has fallen dramatically over recent years, many people prefer to withdraw cash from their bank accounts to assist with budgeting. In fact, after a solid and steady decline in cash transactions, 2023 was a turnaround year, and the BBC reported a surprise jump in cash-only spending. They noted that cash remains the second most popular payment method, with an estimated 3 million people still reliant on cash payments.

Turning cash digital 

So, if you are a cash fan, but you enjoy online gaming and gambling, there has to be an intermediary. In the past, a player in a land-based casino or seaside amusement arcade could have taken their banknotes to the cashier and converted the 'readies' into chips or small-denomination coins. (Cash was known as 'readies' because that is what it was, cash on hand, ready to use at any time.). However, it is not relatively as easy when you want to use cash to play at online casinos or even pay for Xbox or cloud-based games.

Easy to monitor

Paysafecard is easy to use, and you can check your balance by entering your 16-digit code on their website. Alternatively, you can create a Paysafecard account or download the app to keep tabs on your balance. If you have an account, you can lock it as you would do with a debit card. Being able to lock your card is a handy feature if you realise you have accidentally used it on a scam website, been targeted by a fraudster or not received the item or service you were promised. 

Paysafecard at online casinos

Looking specifically at the online casino market, Paysafecard lets you make deposits into your casino account without needing a bank account or e-wallet. If you are worried about finding legitimate and secure sites, you can rest easy when you use your online Paysafecard at Casino.org-recommended casinos. They conduct thorough background checks to ensure that they only recommend reputable and trustworthy casinos. With over 100 eligible casino sites in the UK, having independent, expert advice is a great option.

Paysafecard's services are a bit like the casino cashier, but instead of converting cash into chips, you get a voucher with a 16-digit number and PIN code that can be used at online checkouts. In some scenarios, you can use it to pay without registering, but that is not the case with regulated and reputable online casinos, which always require accounts to be verified and identities to be authenticated.

Online casino gambling is an excellent form of entertainment that lets us while away some downtime. Unlike watching a movie or reading a book, it also has the added lure of the possibility of winning some money. While everyone knows that online casinos are a business where the house always wins in the long run, we all dream of cashing out the jackpot and enjoying some luxuries.

The great thing about paying with Paysafecard is that you do not need to share any additional personal information. It is a great way to maintain control of your finances because you can only stake as much as there is on the card. When your budget is gone, it's gone. Unlike some alternative e-wallets, Paysafecard is usually an eligible payment method for most casino bonuses and promotions.

Some things to be aware of

You might be wondering if there are any downsides – it all seems pretty well organised. Well, it is until it comes to withdrawals, as these cards are essentially payment rather than withdrawal mechanisms. Although most of us may not be lucky enough to consider how to withdraw our winnings, it is something we need to take into account. If you create a Paysafecard account, you can link it to your casino account for easy deposits, and, at some online casinos, you can also generate withdrawals to your account.

However, not all online casinos allow withdrawals to Paysafecard accounts, and Casino.org report that withdrawals using this method can take around 48 hours. This means that it is a slower option than something like PayPal or a bank-linked e-wallet. Despite the downside, it can still be a desirable option, particularly if you want to retain the balance to fund your next online casino session.

Payments and withdrawals are simple. You simply need to follow a few easy steps.

Paying into your online casino account using Paysafecard

Before you start, make sure you set up a Paysafecard account. You can either buy your card with cash at a retail outlet and register it online, or fund it directly with Trustly or a debit card. You will be sent a PIN to check your balance or make transactions.

Next, select your favourite Paysafecard casino and create an account. The experts always recommend completing any verification processes at this stage to ensure smoother withdrawals later. 

Select the amount you want to deposit and enter your PIN to connect your Paysafecard and complete the payment. Do not forget to select any relevant bonus offers before you complete the transaction.

Withdrawing your winnings (hopefully) using Paysafecard

If you have come up trumps at the casino tables or online slots, you just need to reverse your footsteps. At the end of your playing session, head on over to the cashier section of the casino website. Select Paysafecard as your withdrawal method.

Select the amount you would like to withdraw. If you have had a bumper win, you may need to make multiple withdrawals or consider an alternative withdrawal method, as Paysafecard withdrawals are often capped at £100 at casinos.

And now you have to play the waiting game - check your balance to see when the funds are back in your account. As we mentioned, this option may take a little longer than others, but you can be assured that the funds will appear and can then be transferred elsewhere or used to pay and play again.