Paysafe Card Deposits and Withdrawals for Indian Users
You don’t necessarily have to carry your Paysafe card everywhere you go. Indians can use net banking to purchase anything they want through a Paysafe card digitally. Paysafe cards can be used at online casinos. It is one of the fastest ways to deposit money into your casino account. The payment method is supported by Leovegas and ComeOn Casino.
As mentioned above, the payment through Paysafe card only requires a 16 digit PIN. All you got to do is choose Paysafe card as the deposit method. Submit the PIN and process the payment in one click. You can do it using your smartphone, tablet, and PC. However, you are not allowed to cash out your winnings using Paysafe card. For withdrawals, you will need to choose another payment method. For instance, you can opt for Visa, Mastercard, and bank transfers for withdrawal.
Paysafe Cards Benefits and Disadvantages
One of the major benefits of a Paysafe card is its anonymous transaction. The identity verification is only needed when you purchase the card. You only need to share your mobile number for identification when buying a Paysafe card. Once you have purchased this card, all transactions you make through it will be 100% anonymous. You will only need to use the PIN number.
So, if you are using the card at an online casino, all you need to submit is the 16 digit PIN number. That will suffice. It’s far better than credit/debit card transactions that involve CVV, expiry date, card number, and card holder’s name. Even the 16 digit PIN you use is temporary. It will not reveal any financial information to the casino.
The Paysafe card is the best option for people who have the habit of spending too much using credit/debit cards. One reason why Paysafe card is mainly used at casinos is that it offers limited funds to the user. So, you don’t have to worry about overspending, especially if you have a strict budget. Another advantage of this prepaid card is that the casinos do not charge any payment fee. You only have to deposit the amount you will use for gambling.
One disadvantage of a Paysafe card is that it can only be purchased with cash. You cannot use the credit/debit card to buy this prepaid card. While that might sound a secure way of buying this anonymous card, you do not have cash in hand always. Moreover, the card cannot be recharged or reused. If you have used the full balance on the Paysafe card, you will have to purchase another plastic card. There is no way you can top up the same card.
Remember that Paysafe card is only accepted at a few online casinos. Only the most reputable and established platforms support this payment method. It goes without saying that you can only use this card if the casino accepts it. So, it is clear that the pros of the Paysafe card outweigh its cons. You can use it for all kinds of online transactions as long as the website or platform you are using the card on supports it.
Depositing Money using Paysafe Card in Indian Casino
The deposit process using a Paysafe card is somewhat similar to the debit and credit card payments. The main difference is that the Paysafe card is secure and offers a great level of protection. You can use its mobile app to find the nearest retail store that sells a Paysafe card PIN. Let’s have a look at the ways to deposit money using this prepaid card.
Find a Casino
Once you have purchased the Paysafe card, the next step is to search for an online casino that accepts this payment method. You can check our list of Indian casinos that support Paysafe card. Set up an account on the casino website.
Select Paysafe Card payment
Many casinos support Paysafe card transactions. To know if the casino you have registered an account with supports this prepaid card or not, navigate to the payment section. You will find a list of the payment methods the casino supports. Choose a Paysafe card as your deposit method.
You will have to submit the 16 digit PIN code of your card. Once done, enter the total deposit amount. You don’t have to invest the full amount. Deposit as much money as you want into your casino account and save the balance for later use.
Once you have entered the PIN code and amount, you can initiate the transaction. The transaction will be processed almost instantly. No additional fee is charged, except for the 2% currency conversion fee if you deposit money in a different currency.
Withdrawal Process using Paysafe Card
Most casinos do not support direct Paysafe card withdrawal. But, some operators allow My Paysafe Card feature that allows you to cash out your winnings into this prepaid card. Here are the steps to withdraw money using a Paysafe card:
- Register an account for My Paysafe card
- Navigate to the withdrawal payment options and choose My Paysafe card as the withdrawal method.
The minimum and maximum withdrawal limit using a Paysafe card can vary by casino. In most casinos, the minimum withdrawal is $20, while the maximum amount you can withdraw into the Paysafe card is $1000. The casinos take 24 hours to accept your withdrawal request. Once the transaction is approved, you will have the funds credited into your account instantly.
As mentioned before, secure payment is the major advantage of a Paysafe card. You do not need to share your personal or financial information with the casino when making a deposit. You only have to share the unique PIN code, which can be purchased from a local retail store for cash. The maximum you can spend using this prepaid card is $100. This limits the amount you can spend on gambling and other requirements.
There is also a Paysafe card mobile app that you can use to check your current balance. You can use the card to purchase almost anything online without sharing the sensitive card details. The Paysafe card is one of the oldest and trusted companies out there. The company has even received an award for the Best Prepaid Company in 2009.