Paysafecard – A Safe & Easy Way to Deposit Online

Paysafecard, one of the largest web cash service providers in Europe, has been granted its own e-money license. On the 30th of May, 2008, the Financial Services Authority granted paysafecard a license to issue money electronically. Paysafecard say this is only the first step in their plans for internationalisation, with planning already in place to expand throughout Europe and even further afield.

This is a boon for online casino players, particularly players who have experience with prepaid phone cards, as the system works in an identical fashion. Paysafecard offers many advantages to online players such as increased security – you can keep your sensitive information such as credit card details private by using paysafecard. Using your credit card at online casinos is relatively safe, as long as you stick to reputable online casinos. However, not using your credit card eliminates all risk that a scrupulous staff member may steal or sell your personal information.

Using paysafecard instead of a credit card to deposit online also serves as a forced stop-loss limit or bankroll protector. You can only deposit money you have paid against the card, so no more borrowing against your credit card and having to worry about repayments later. This is a great feature for all those players wishing to have full control over where their money is going and how much they are spending.

Lastly, for those players who simply don't have a credit card due to security or other reasons, paysafecard is a cheap, safe and easy-to-use alternative. The UK Financial Services Authority requires that paysafecard keep 100% cash cover of funds in reserve, meaning your money is always safe when holding unused paysafecards.

Many casinos such as Euro Grand Casino, 888 Casino, and 32 Vegas Casino have already taken on this exciting deposit option.

With such a great and secure way of depositing, and all the major online casinos starting to pick it up, why not try paysafecard today as a deposit option? You can buy paysafecards in 10, 25, 50 and 100 (local currency) values. Available in over 105,000 locations in Europe, it truly is an innovative way to move funds online for your gambling.

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