Paysafecard Brokers 2021 - Which Brokers Accept Paysafecard?
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.
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 $80 billion in 2017, 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
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.
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.
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.
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.
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
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.
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.
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.
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.
Deposits & Withdrawals
Look for the Paysafecard logo in your broker’s deposit section and follow the onscreen instructions. 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.
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
An annual fee of £8 applies for the Paysafecard Mastercard and various additional charges apply, along with a £4,000 balance limit.
Is Paysafecard A Good Choice For Traders?
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.
Does Paysafecard have a UK contact phone number?
Yes, the London office hotline number is 020 7608 8460. See the company’s website for their FAQ portal and contact us form.
Where can I buy a Paysafecard voucher near me?
Paysafecard vouchers can be purchased at 650,000 sales outlets worldwide. Visit the company website to find the UK and global locations.
What are the Paysafecard voucher amounts?
The following denominations are available for topping up Paysafecards; 10, 25, 40, 50, 75, 100 GBP. Additionally, 125, 150, 175 GBP are available at PayPoints.
How do I get a Paysafecard?
Simply register your details via the sign-up logo on the Paysafe website for free. You can then access the gift card shop or top-up to spend at online retailers.
Can I pay with Paysafecard via PayPal?
Yes, simply register for a Paysafecard Mastercard and add the card as a payment method to your PayPal account. To use, top up your Paysafecard online and redeem the vouchers to pay with PayPal or pay later for online transactions.
What is a Paysafecard and how does it work?
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.