Online sports betting has grown in popularity across the world, and with it have come payment options that allow punters to pick and choose what suits them best. However, many of these options can be confusing, take a long time to reflect in your sports betting account, or come with hidden fees. Thus introducing Paysafecard for sports betting sites.
Leading Sports Betting Sites That Accept Paysafecard
Paysafecard started in Austria in 2000 and is now available in more than 40 countries worldwide. The British digital wallet service Skrill purchased Paysafecard in 2013 and the Optimal Payments Group acquired it as part of the Skrill Group in 2015.
Top Sports Betting Sites That Accept Paysafecard as a Payment Method
One of the best Paysafecard sports betting sites around is YYY Sports. They have all the most popular sports leagues available, such as the NBA, the English Premier League, and the UEFA Champions League. YYY has over 30 sports markets you can bet on, from the more popular sports like football and golf to esports, politics, and even chess. All the regular bet types are there for you to choose from, such as outright winner, handicap, or totals.
The live betting section at YYY is just as exciting as the sports section, if not more so. Arab bettors can wager on e-football, like FIFA Battle or FIFA Champions League. When it comes to your favourite live sports games, you can watch them play out in real-time in the live TV section. You can also find out about future live games in the live info section, both located on the right-hand side of the screen. This means you can bet in real-time as the game unfolds and also compare odds to see how they shift.
Paysafecard is one of the deposit options offered on this site. Deposits with the prepaid card are instant, and you can use more than one voucher to fund your account. There are no fees for depositing, and the company tries to keep costs to a minimum. However, you may be charged a processing fee, and there is a monthly transaction fee as well. You may also be charged if your account lies dormant for over a year. Unfortunately, you won’t be able to withdraw using the card at Paysafecard sport betting sites.
Advantages of Using Paysafecard for Sports Betting Transactions
If you are an Arab player who likes to use one specific method for depositing funds into your account, then you will be pleased to know that there are many Paysafecard sports betting sites available to you. In fact, it is one of the reasons why so many bettors choose this prepaid card option.
- Safety and Security
The best thing about this method of payment is the level of security it offers. Many people who bet on sports don’t feel comfortable giving out their personal information, so they use Paysafecard instead. By using these Paysafecard sport betting sites, they can instantly transact by merely entering the 16-digit PIN of the voucher they’ve bought, with no need to enter bank or personal details, thus maintaining anonymity.
- Quick Payments
The immediacy of this payment option is another benefit. Paysafecard deposits happen right away at most online sportsbooks, so users can start betting as soon as they confirm the transaction.
- Purchasing Paysafecards
Locating a retailer that sells Paysafecard vouchers is easy, and you can even buy a Paysafecard online or download the app to keep track of your purchases and reload funds, making it easy to deposit at any legitimate sports betting site.
Comparison of Paysafecard with Other Payment Methods Used in Sports Betting
Paysafecard is an electronic wallet that is based on the prepaid system. Essentially, you have to create a PIN that you can use at any Paysafecard sport betting site to deposit money. Paysafecard is very similar to e-wallets, in that you can fund your account quickly and easily, and your privacy is protected because both don’t require your banking or personal information.
You can download the Paysafecard app and handle all your transactions via your mobile device. Not only is this convenient, but it also means you can manage the money you are wagering on sports, allowing you to stick to your budget. Because everything is digitised, you can expect deposits to be quicker than other methods.
If you are betting from an Arab country, you will not want to use your credit or debit card, or even bank transfers, as this may potentially expose you in a country where sports betting is illegal. Thus, e-wallets and the Paysafecard options are recommended.
Another reason to use Paysafecard and not bank transfers or credit cards at a sports betting site is the fees. Payment methods like Visa or Mastercard may charge higher fees to process your withdrawal from your sports betting account, whereas, with options like crypto, digital wallets, and pre-paid vouchers (Paysafecard), the fees are minimal.
How to Set Up a Paysafecard Account for Sports Betting
Firstly, choose a Paysafecard sport betting site. Then you will need to open a Paysafecard account before you can fund your betting account. Customers can receive a Paysafe PIN in a variety of ways. The first way involves you going to an authorised seller and buying a card that has money on it. You can also purchase one online by going to the Paysafecard website. After you’ve done that, there are only 4 steps needed:
- Click on the button that says “Paysafecard Online Shop”.
- Go to the WKV page (the official partner and distributor of Paysafecards).
- Create an account by entering your email address, name and surname, banking details and other information that will be required for verification.
- Enter how much you want to be loaded into your account.
There are no fees, and it’s easy to add money to your betting account. The procedure for making a Paysafecard deposit is this:
- Log into your sports betting account.
- Click on the cashier section and select Paysafecard as your deposit method.
- Enter your deposit amount.
- Enter your 16-digit PIN.
- Your funds will reflect immediately.
Always use the same email address and name at the site as you did to create your Paysafecard account, as this helps with verification and increases security around all your transactions.
FAQs about Paysafecard in Sports Betting
Even though Paysafecard can be used to withdraw money, most online betting sites don’t offer this service. However, many bookies provide other methods with which to make withdrawals, such as e-wallets or crypto.
Because you don’t need to enter your banking information online while using Paysafecard, it provides a secure and safe option to make payments at online betting sites. The Financial Conduct Authority regulates the services offered by Paysafecard. The rules and protections that apply to this payment method are similar to those that apply to cash.
You will not have any fees when you sign up for your Paysafecard account or make your first deposit. Thereafter, you may be charged processing fees by the company to withdraw money from your Paysafecard account. There is also a monthly fee that varies depending on where you live. If you don’t use your account for a year, you will also be charged.