Best Paysafecard Brokers 2026
The Paysafe Group Limited is a multinational online payment solution for businesses, including trading brokers. Services include secure cross-border e-commerce and alternative payments. This review focuses on using a Paysafecard for day trading, specifically online account opening and deposits, along with any fees for traders. We also list the best brokers that accept Paysafecard deposits.
Best Paysafecard Brokers
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How Did We Choose The Best Paysafecard Brokers?
To identify the top Paysafecard brokers, we:
- Pinpointed all the firms that accept Paysafecard payments from our list of 500 online brokers
- Verified that they support Paysafecard deposits and withdrawals for online trading
- Sorted them by their overall rating, derived from 100+ data points and our hands-on evaluations
Paysafecard Details
Paysafe Group PLC has been a market leader for over 20 years, offering proprietary payment solutions to businesses across various industries including forex trading, betting sites, and retail shops such as Amazon. Current firm owners are CVC and Blackstone, with recent news suggesting Paysafe Payment Solutions Limited is nearing an IPO through a merger, which could lead to a surge in its stocks and shares price.
With a transactional volume of over $140 billion in 2023, Paysafe’s purpose is to seamlessly connect merchants with customers through industry-leading capabilities in payment processing, digital wallet, and online cash solutions from its office headquarters in London, UK.
Pros Of Trading With Paysafecard
Paysafecard
The classic prepaid card is available at over 650,000 points of sale in 50+ countries including the UK. It’s also available in 30 currencies, including Euro and GBP. Users don’t need to share credit and debit card details online to maintain anonymity. The Paysafecard/Paysafe Karte can also be used to top up e-wallets.
A range of e-voucher codes and free gift cards are available providing payment perks. You can buy a Paysafecard from multiple online providers, such as Dundle. The Paysafecard is available in multiple locations, from Germany and Greece to Romania, France, Ireland and India.
Paysafecard Mastercard
The Mastercard lets users top-up from their Paysafe account for free with no prior credit checks. Daily transaction limits, maximum balance holding, and withdrawal amounts are much higher than the Paysafecard so it could suit more experienced traders. A junior account is also available.
Cash Payments
The Paysafecash option can be used by clients to upload cash directly to Paysafe accounts and digital wallets such as Skrill and Neteller. Traders can then easily transfer money into their day trading account.
Customer Service
Paysafecard offers a range of customer service options including email, a comprehensive FAQ section, and a contact form for payment issues. There is also a responsive live chat support team to help with refund queries, along with forums online. Head to the company’s website to speak to an agent.
Mobile App
You can view recent transaction status and find sales retailer outlets via the payment provider’s mobile app. The free application is available for download to iOS and Android devices. Mobile top-up PINs are also available to add funds.
Cons Of Trading With Paysafecard
Transaction Size
The standard maximum payment of £250 is unusually low and may not be suitable for trading account deposits. Traders looking to regularly deposit large sums may want to consider alternative payment options.
Availability
Despite its well-known reputation in online payment processing, PaySafe Group brands Skrill and Neteller are more established as deposit methods for traders given their favourable e-wallet advantages, such as rapid processing, high-security and easy-access digital wallets.
Speed
Transaction times with the Paysafecard are usually quick and you can fund your trading account within a couple of minutes. Note that your broker may have their own deposit and withdrawal processing times depending on the payment method, which can cause delays.
Security
Paysafe has over 20 years of experience in processing payments with a high standard of PCI compliance and annual audit reporting. Regular penetration testing is also integrated into services with supporting advice for consumers about scams.
Paysafecard is authorised through an e-money service license from the British Financial Conduct Authority. All merchants are also subject to money laundering and fraud checks. The company is a legitimate and respected payment provider.
How To Deposit Using Paysafecard
The process is fairly similar across most brokers. At XTB, for example, log in to the Client Office or click the deposit button from your xStation platform. Then choose the account you wish to deposit to and select Paysafecard from the list of options. Follow the on-screen instructions to complete the deposit.
Note providers have varying minimum and maximum transaction amount limits. Certain brokers and retailers may also have verification requirements upon login and withdrawal. Speak to the customer support team if you need further information on how to add money to your Paysafecard and how to use your online account.
Note, you may want to see if a broker has any sign-up deposit bonuses before you make payment.
Fees
It’s free to sign up and register for a virtual Paysafecard, however, the following charges may apply:
- £5 inactivity fee after 12 months
- £6 redemption charge per transaction
- £3 fee per month if full balance is not utilised after 6 months
- Currency conversion transaction fee dependant on the exchange rate
- Any transaction fees charged by your online trading broker
Is Paysafecard Good For Day Trading?
Paysafe is a globally established payment provider with various supported transaction methods and the integration of pre-paid cards. Traders should, however, be aware of the fees as well as the transaction and account limits when trading with a Paysafecard or Paysafecard Mastercard.
FAQ
What Is A Paysafecard And How Does It Work At Trading Brokers?
A Paysafecard is a virtual card that can be used to make payments online and fund trading accounts. The cards can be bought from multiple payment providers and offer anonymity to users.
Which Brokers Accept Paysafecard Deposits?
Several top-rated brokers offer Paysafecard, including Deriv, FXCC and XTB. Check out our list of top brokers with Paysafecard to find the best option for you.
Are Paysafecard Deposits Fast?
Yes, Paysafecard typically processes deposits within minutes. Note that your broker may have their own processing times, though deposits are usually instant.