Paysafecard is one of the most popular payment options on online gambling sites, but most sites are not tapping its full potential. Often confused with a simple prepaid card for depositing alone, Paysafecard has failed to catch up with debit cards, e-wallets, and bundled mobile wallets in terms of popularity among Swedish gamblers at leading online casinos and sportsbooks.
But those who sign up for a myPaysafe account – a quick solution – merely access the complete potential of Paysafecard, not only for secure prepaid deposits, but also for cashouts. In this article, we’ll take a closer look at why Paysafecard is actually the most versatile payment method in online gambling, albeit held back by a mix of modest marketing strategies and some misinformation. If you’re looking for a Paysafecard accepted casino, this payment method could be your ideal choice.
E-wallets (following debit cards and bank transfers) are the third most popular payment method among players at Swedish online gambling sites. The key reasons? Speed, security, and ease of use. I’d argue that with the ability to both deposit and withdraw, Paysafecard not only rivals e-wallets in all these categories but might even surpass them.
First, the speed of Paysafecard's deposits and withdrawals is competitive with other top e-wallets like PayPal, Skrill, and Neteller. Its anonymity benefits, through the use of prepaid cards, make it a highly secure way to play for Swedish players. And signing up for myPaysafe is faster and simpler than signing up for most e-wallets. You can also top up your balance online or in-store at supported retailers. While the latter option might be a little slower, it's ideal for gamblers who prefer loading funds into their account through cash.
It must also be noted that 27% of Swedish gamblers feel that there should be the same payment facility for deposits and withdrawals. This is a consideration when making an online gaming site selection choice. Hence, Paysafecard misses out on clients by presenting itself as a single deposit facility. Operators like Paddy Power, who currently only provide Paysafecard deposits to their users, might be missing out on clients who prefer to be able to deposit and withdraw using their chosen method.
While the gap between Paysafecard and e-wallets still seems rather wide, after recently exploring the combined breadth of benefits that are accessible when using Paysafecard on internet gaming sites, I can't fathom why this prepaid card/e-wallet hybrid can't grow in popularity.
In summary, below are my five best reasons why Paysafecard can be the most comprehensive, secure, and efficient payment option for Swedish online gamblers, according to Paysafe's insights into what is important to players in a payment method:
Withdrawal speed was the top issue in Paysafe's survey, and to dispel a popular myth, account holders with myPaysafe can withdraw back onto their Paysafecard balance as fast as the other top e-wallets like PayPal.
Security is ever the number one concern for gamers online, and Paysafecard does it best. You never need to disclose sensitive bank details or personal information in making deposits or withdrawals on gaming sites. And with the potential to top up your balance in cash, Paysafecard offers complete anonymity, a preference Swedish players are likely to have. As per the Paysafe report, privacy was one of the key factors for the gamers in choosing an online payment method.
One of the most important features for Swedish players is ease of use. The process for depositing and withdrawing with Paysafecard is incredibly smooth, especially with the added advantage of having a myPaysafe account. The registration process is much quicker than any other e-wallet services, and once you’re set up, managing deposits and withdrawals is a breeze.
Swedish bettors who would like to be worried about their own betting will appreciate Paysafecard's built-in constraints. For non-registered customers, the daily limit is 500 SEK, a suitable cordon for those who would prefer to stay in control. For myPaysafe account holders, the balance limit is 2500 SEK, still promoting responsible betting but with a slight margin.
No bank account? No worries. You don't need to have a bank account to avail of Paysafecard. Top-up options are cash, and you can handle your online casino transactions without connecting them to your bank, something that is an attractive feature for most Swedish players who want to be financially independent.