The Paysafecard method is a secure and safe way to manage payments to your online bookmakers. With this system you exchange cash for a 16-digit PIN code. Paysafecard is regulated by the Financial Conduct Authority (FCA) of the UK to deal with electronic money. Although a fairly new venture, Paysafecard is accepted by several online betting sites, including some of the top names. 

Paysafecards are readily accessible. They are available in 33 different countries and are regulated to be dispensed as electronic money throughout Europe. A Paysafecard can be bought from over 400,000 outlets including petrol stations, news-stands, and tobacco shops. A maximum of ten cards can be purchased at one time in $10, $25, $50 or $100 denominations. They are ready to use as soon as you make your purchase. Once you have obtained your PIN codes, using them to make deposits to a participating betting site is as simple as punching in the correct digits. 

Users can check their balance on the Paysafecard website at any time and also use the online store locator to find out the closest place to purchase more cards. This has been made even more convenient with the creation of a new smartphone app which includes a store locator and allows users the freedom to check their balances on the go.

Security is a major consideration with Paysafecard. It is said to be safer than most other e-wallet services, even the most popular Paypal and Moneybookers. This is so because there is no input of personal or financial information to buy a card. You are only allowed to use cash to make your purchase. Therefore, in the event that a system is hacked, you do not run the risk of having your banking or card information accessed and used. In the event that a Paysafecard is lost or stolen, the 16-digit PIN code can be immediately cancelled.

Using Paysafecard is quite convenient. Up to 10 PIN codes can be combined to make a payment. Balances are automatically calculated. No charge is incurred on a card unless it has an unused amount for over 12 months. Two dollars will then be deducted. If a user wants to redeem the value of the card for cash then that will cost $6. 

The Paysafecard is ideal for applying greater control on your betting activity. With it, you are limited as to how much you can spend at one particular time. 

Users who make their first deposits with a Paysafecard to many online betting sites are eligible for free bets and promotions.

Online Betting Sites That Accept Paysafecard

1)  Bet365.com

2)  Betway.com

You can find a detailed list of Paysafecard friendly online bookmakers in the following link:  Online Betting Sites That Accept Paysafecard