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May 29, 2020

Why is Paysafecard So Popular These Days?

Paysafe is an amazing company that offers a wide variety of payment solutions which include credit and debit cards, software, payment gateways, online credit and debit, and merchant accounts. These solutions have been rising in popularity among merchants globally. At the moment, more than half a million merchants in more than forty countries use the system developed by this organization.

The payment solutions are compliant with international and local safety regulations. Apart from providing efficient payment alternatives, Paysafe also generates financial reports that include cash flow statements and currency conversion reports.

So what is Paysafecard?

Paysafecard is an organization that provides pre-paid vouchers that users purchase and use to make their online payments. The organization was established in the year 2000 in Vienna as a stock corporation. It was known as Paysafecard Wertkarten back then.  

Since then, it has been through several infrastructural changes that have improved the quality of services. Today, Paysafecard is one of the top brands that are used in making online purchases or depositing money into sport betting accounts.

The most popular service that the organization offers across the world is the prepaid electronic voucher. So, how does it operate? After choosing a specific amount of money, the merchant issues a unique 16-digit PIN that contains the monetary value that was bought for.  If the merchant or sportsbook accepts Paysafecard as an option of payment, customers will easily use the PIN to make any form of purchase online.

By using Paysafecard, individuals and merchants can send or receive funds in different currencies. By using this platform, users can manage all payment procedures using a single channel. Since it has complied with local and international regulations, Paysafecard is one of the best solutions for both individuals and merchants when it comes to payment services.

Paysafecard acceptance in different spots of the world

As we said earlier, Paysafecard is one of the best organizations offering payment solutions in the world today. This is because it develops effective and efficient systems that offer payment solutions securely and conveniently. Most countries are now using their services differently due to their reputation. Except for a few countries in Asia and Africa, all other nations are heavy consumers of the organization’s services at the moment.

Nations like the US, Australia, Canada, and most African countries use their services to send and receive funds from Sportsbook accounts. Betting has become a hobby for most people around the world because it’s one of the easiest ways to make money in our world today.

How does Paysafecard function and what are the fees 

The prepaid vouchers developed by the organization, commonly known as Paysafecard is quite easy to use and requires no prior knowledge or education to use. These are tickets or vouchers that are usually bought from newsstands, shops, and other retailers. 

They are available in a wide variety of denominations such as $10, $25 and $100 to name a few. Keep in mind that the purchase price includes a small fee that usually ranges from $1.49 and $3.49. Both denominations and fees vary depending on the merchant.

The prepaid voucher has a PIN code comprised of sixteen digits that customers can use to pay in online stores, casinos, sportsbooks, and gaming sites. Once the code has been provided, the transaction happens instantly because it is an electronic money transfer. In terms of safety and security, Paysafecard is among the best payment methods.

Paysafecard is one of the most secure payment methods

Paysafecard offers safe and secure solutions in the digital space. Safety and security are the major reasons why most online merchants and clients use Paysafecard. One of the safety measures that the organization uses to protect its clients is the 16-digit PIN that should only be used at authorized shops.

The organization urges clients to avoid sharing their PIN and other personal details. Paysafecard never asks their clients to send their telephone number or PIN via email. Plus, the team will always use your serial number and not the PIN.

Clients should also ignore e-mails that demand payment of dues or fines by Paysafecard. Keep in mind that Paysafecard is not connected with any violation of the law or fraud attempts. You should also avoid watching tutorials that want you to increase your credit exponentially. These tutorials are developed by scammers.

Why you should use Paysafecard

Paysafecard offers one of the safest and most secure online payment systems that comply with both local and international protocols. Your credit card information is well protected using encryption and token solutions. The software also has a Risk Solution which complies with the PCI.

Clients can track and monitor their transactions anytime they want thanks to the web-based user interface. The user can track and report any case that doesn’t look correct.

The solutions are mobile-friendly. This means that you can process your payments on the go. You can change your currency and payment modes depending on the location of the receiver. Merchants can use these solutions in schedule management, multiple pricing, and sending emails to their clients. Merchants will also benefit from business tips, reports, and insights that Paysafecard sends regularly.

Comparing Paysafecard to one of the most popular payment methods

One of the most popular payment methods in the digital space today is PayPal. PayPal is an e-commerce platform that facilitates the transfer of payments and money via phone, email, Skype, and text message.

On the other hand, Paysafecard offers payment solutions that allow merchants to receive e-wallet services and payments for customers and a prepaid card for offline use.

Both platforms are supported on Google Play Store and App Store. This means that you can access both services on the go. Both are also web-based, meaning that you can access them online.

Paysafecard is ideal for small, medium, and large businesses while PayPal is ideal for freelancers, small, medium, and large businesses.  

You don’t need a credit card to open an account on both platforms. PayPal offers free accounts to new users while Paysafecard doesn’t. Both accounts are based on subscriptions. Other key features that you’ll find on both platforms include credit card processing, fraud detection, and transaction monitoring.

Conclusion 

Paysafecard is a complete and useful platform when it comes to sending and receiving money. With all the safety measures and features, nothing should go wrong when using this platform. 

In case you have a question or a mistake is made, you shouldn’t hesitate to contact customer support. The rates on this platform are quite high compared to others. But it is worth it in the long run. Give it a try today. You’ll probably end up using it for the next couple of years.


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Frankie Wilde is a content writer at Aussielowdepositcasino and other popular gaming sites. Also, he is a passionate traveler and a great cook. Frankie shares informative articles with the world.

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