Paysafecard Werkarten AG is an Austrian company with its main offices located in Vienna, responsible for the first medium of prepayment via internet in Europe consisting in non rechargeable prepayment cards for purchasing goods and services online without requiring the provision of personal information nor the use of a credit card, becoming the equivalent of the traditional payment in cash method and having become one of the most popular alternative methods of payment today that is also used at Paysafecard casinos.
The Development of Paysafecard Werkarten AG
Paysafecard Werkarten AG was founded in 2000 with the support of BAWAG PSK and issued the the first prepayment card in Europe with legal approval to carry on online payments, also known as the ready cash of the Internet. The company took one year to expand to Germany, with a guarantee from Commerzbank, and is currently present in 40 countries, all of Europe, the USA and part of the South American continent, in which it is also expanding, beginning with Argentina; it is accepted on more than 4000 web stores, among which include games , telephone and messaging services, social networks and communities, online dating, services via internet, music and general online entertainment services.
Paysafecard services are offered by more than 600,000 points of sale, since 2004 purchases were also possible online and from 2008 the company has had permission to issue electronic money and in 2012 company shares were acquired by Skrill (MoneyBookers), one of the most important online payment companies in Europe. Their success has lead them to receive awards such as the Best Prepayment Company Outside of the US and the Prepaid Award as a leader of the Organization of prepayment. The company has also received assistance such as a subvention from the UE ( eTEN) in order to further drive payment systems via internet without the use of credit cards.
How to Obtain a Paysafecard and Use it in Online Casinos
Paysafecard cards do not require the user to create a bank account nor online account, merely acquire a Paysafecard at any of the possible points of sale, such as but not limited to: normal supermarkets, Kiosks, petrol stations, drug stores, prepayment card vending machines or via the Internet. The prepayment card is rectangular and the same size as bank cards, with a 16 digit PIN. Payment, purchases and transfers may be performed via computer, telephone or tablet, without imparting any financial or personal information, only introducing the 16 digit PIN is required, spending predetermined amounts and once the total value of the card is spent the card's PIN number is rendered invalid. It is not possible to top up the card. In isolated cases, such as online shops like Amazon and Zalando, their may be the option to trade the card value for a gift voucher. Paysafecard’s may be purchased for a minimum value of 10 EUR, 5 Eur in Germany, and a maximum of 100 EUR and are not rechargeable.
If a player wishes to make deposits into a virtual casino or games portal using Paysafecard, the user should first check to see if the platform accepts these prepayment cards, and for casinos that do accept said payment method, the user must access their casino user profile, select Paysafecard as a method of payment and the 16 digit PIN. the deposit is instantaneous, but it should be borne in mind that winnings may not be withdrawn using Paysafecard and payments can only be made in EUR and GBP.
Payment Limits, Fees and Commissions
- Maintenance fee: from the 13th month a monthly service fee of GBP 3 is deducted from the remaining balance of the PIN
- Conversion fee: paysafecard charges a fee for using currency other than GBP and provide a currency converter which allows you to calculate the conversation rate in each case
- Redemption fee: whenever a refund is required, a 6 GBP is charged
- My paysafecard maintenance fee: if the account is dormant for over 12 month a GBP 2 is deducted per month
Maximum amounts for Paysafecard is 200 GBP.
Paysafecard Company Details
The company is listed with the following address in the UK: Prepaid Services Company Ltd., Floor 27, 25 Canada Square, London E14 5LQ, Commercial registry number: 576 18 61, Commercial court: London. The managing directors are currently: Udo Müller, Maximilian von Both, Elliott Mark Wiseman, Ian Raymond Francis, Daniel Jay Chazonoff.
Company contact information is as follows: Help and Support: E-mail: firstname.lastname@example.org, Website www.paysafecard.com
The company has a considerable presence on social media, as follows:
Paysafecard UK Limited as issued by Prepaid Services company Limited is authorised by the Financial Conduct Authority in the United kingdom in accordance with the UK Electronic Money regulations, 2011.
Paysafecard have won a number of awards as listed below:
- 2015 Paybefore Awards "Consumer Value"
- 2015 EGR B2B Awards "Mobile Payments Solution"
- 2014 Paybefore Awards Europe "Consumer Champion”
- 2014 Banking IT-Innovation
- 2013 Paybefore Europe Awards "Best Consumer Value”
- 2013 Paybefore Awards "Best virtual or digital Program”
- 2012 Paybefore Awards "Best Digital Currency”
- 2011 IAB – Web AD Bronze Award "Beste Werbe Strategie”
- 2010 Paybefore Awards "Best Network Branded Gift Program”
- 2009 Prepaid Awards "Leading Prepaid Organisation 2009”
Paysafecard Wertkagen AG provides an anonymous payment service consisting in prepayment cards for online purchases operating in 40 countries with the option of making purchases in over 600,000 point of sale as well as on the internet, permitting deposits to be made to virtual casinos and games platforms instantaneously and securely without the requirement of providing personal details, but doesn't give the option to withdraw winnings, nor save money using the card. Paysafecard's may be purchased for a minimum value of 10 EUR, 5 Eur in Germany, and a maximum of 100 EUR and are not rechargeable. Learn more about banking cards VISA, Visa Electron, MasterCard, Maestro, e-wallets Skrill, Neteller, PayPal and online payment card EntroPay.