Paysafecard is a leading pre-paid financial provider which was established in
2000 to address the need for a simple, affordable and safe way to encourage
globalisation and conclude financial transactions online.
Since its inception, paysafecard can effectively boast that an estimated 37
million internet payments have been made to date using their pre-paid card
system. This popularity is derived from its convenience, its affordability and
its safety. Its simplicity is derived from the mere fact that a consumer does
not need to be in possession of a bank account, and is not subject to credit
checks. He/she merely needs to purchase a card/voucher at one of 20 000
paysafecard affiliated retailers across the United Kingdom, which can be used at
over 2700 web vendors within the United Kingdom and Europe. They are available
in values of £10, £25, £50 and £75, and are each assigned a unique 16 digit pin
code. The pin code, coupled with a user password which the consumer selects
him/herself online, acts as a security measure to ensure that only the bearer
of the card is able to make transactions. An added security benefit is the fact
that with the paysafecard, online transactions do not require the issuing of
private banking details or personal information. This safeguards the user from
the fraudulent misuse of their banking funds, as well as identity theft.
Using the paysafe card is immediate and online merchants, upon request from
the user, will debit the specified value from the card and credit the consumer
with products, services or gaming values. There is no authorisation waiting
period or banking delays, and as such, this payment method is fast becoming one
of the most popular platforms for online transactions.
The paysafecard is available in Pounds Sterling and Euros and should a
consumer be purchasing goods or services from another country, the amount
payable will be converted using the published exchange rate on the day of the
transaction. The issue of cards is free, and checking balances online is also
charge free. A card redemption fee of £4 is applicable and a monthly
administration fee of £2 is charged should a year pass after the first payment
on the card is made, or two years after the card is purchased, whichever is the
soonest.
As previously mentioned, paysafecard is affiliated to over 2700 internet
merchants, including some of the largest bingo and betting sites online. SKY
Europe, Skype and Betfair Sports, Casino and Poker are some of their partners,
but for a more detailed listing, consumers can visit their website listed above.
paysafecard is an official money lending institution and is registered with
the United Kingdom Financial Services Authority (FSA) as an electronic money
issuer.
