Visa Credit vs. Paysafecard

If you’re an online casino fan considering their online banking options, we don’t doubt that VISA and Paysafecard popped up in your head at least a few times. Both of these methods are vastly different from each other, but they exceed the basic criteria most players set for online casino banking easily! These services are popular worldwide, so online venues of all sorts accept them as viable options. Naturally, this includes online gambling sites! Since both offer perks like ease-of-use and speedy transactions, they’re likely high on your list of options. So, if you’re thinking of going for one of them, we’ll continue by answering why choose VISA or Paysafecard as your casino payment option?

About VISA and Paysafecard

As you can probably guess, what makes VISA and Paysafecard such obvious options in the online gambling world is their reach. These methods might be different, but they’re both easily-recognizable powerhouses that players associate with trust and reliability! In the realm of online casinos, availability is key. Tons of venues are very selective in who they work with, and since these brands are massive, they’re viable options on most sites! Naturally, this isn’t the only reason why they dominate. They’re convenient, reliable, and safe, among other things! The differences between the two services also give them an edge, respectively. On the one hand, VISA is the leading bank card globally, issuing credit cards, debit cards, and a variety of others that are always in demand! On the other hand, Paysafecard is an increasingly popular prepaid card beloved for its unique features!

If you go out on the streets and ask a random person if they’ve heard of VISA, they’ll likely say yes. The brand is so popular these days, that they’ll probably tell you they also use it regularly! The origins of the service aren’t something most players expect. It was created in 1958 at Bank of America in the US by a run-of-the-mill project manager! The man was asked to come up with a solution to automate the billing process through a computer system, and he succeeded spectacularly! Since the concept exceeded all expectations, it launched the first-ever credit card program and changed the world of banking as we know it! 

VISA is a big part of most people’s everyday life. The brand is a banking staple used across all sorts of fields and industries. From shopping at the local grocery store to purchasing a vehicle from the salon, it’s used religiously, and it’s easy to see why. The service has the largest payment network in the world, collaborating with governments, local and international businesses, and even large financial institutions daily. Add to this the top-tier two-factor authentication security feature it boasts, and you have all the answers you need.

Knowing this about the service, it’s not hard to see why VISA has become such a go-to payment option in online casinos worldwide. On top of the security it provides, people love the convenience that comes with using it! Since pretty much everyone can get their hands on a VISA card, if they don’t already own one, all that’s left is to enter your details into the website and finish your transaction! Even in countries where credit card bans have been implemented, such as the UK and Germany, the service thrives. Since it issues a variety of different cards, users always have an alternative.

Paysafecard was created back in the year 2000 by the now incredibly well-known Paysafe Group. The service was launched nearly simultaneously with two other of the company’s powerhouses – Skrill and Neteller! All three of these services have seen incredible success over the years, and the reason for this is simple. The Paysafe Group tends to take criticism well and uses it to advance its services. It’s done so before on multiple occasions, and we don’t doubt this kind of approach will bring the company even more success down the line.

The Paysafecard is a prepaid card service that was released with a single purpose – to make internet payments safe and secure. During the initial online shopping boom, it was hard to find a reliable method to use for this purpose. The Paysafe Group saw this gap on the market and aimed to fill it with the release of their top-tier product, doing so successfully from the start! Down the line, the service grew to be much more than just a safe online payment method. Backed by EU funding, it grew to encompass European countries like Germany, the Netherlands, Switzerland, Greece, and many others! Of course, things didn’t stop there. It later became a global competitor, reaching the US, Canada, Mexico, Turkey, and more. Today, it’s available in over 40 locations!

The love for Paysafecard mainly comes from its convenience and anonymity. Since the service is a prepaid card, users needn’t share any personal banking information to get it. They can simply purchase it online or through an outlet, and start using it instantly. On top of the prepaid card, users can also choose the MyPaysafecard option and the Paysafe Credit Card option. The former acts similarly to an eWallet, and it can be topped off by a variety of other payment options.

Getting Started with the Two Methods

Although both of these methods are cards, getting started with them isn’t a similar ordeal. Here are the steps you should follow for each one, respectively.

VISA is a traditional bank card, so getting started with it takes a more traditional approach. To obtain a card, you’ll need to visit a bank or other financial institution that partners with the service. Thankfully, you should have a plethora of options to do so. Since VISA partners with many trustworthy banks and financial institutions out there, you can choose one that suits you best. The first step of getting a VISA card is opening an account with the bank of your choice. Once you do this, you can proceed with your card application.

Here’s the part where things get a bit tricky. There are several types of VISA cards. The most common ones are credit and debit cards, so if you’re applying for one of these, you’ll need to fill out an application form with your details. The form can contain information about your work, your address, your pay range, and more. Additionally, you’ll likely have to provide identification documents to finish the application process. Once you submit all of the necessary documents, you’ll need to wait a few days before your card is approved and issued. Depending on the bank or your personal preference, the card will arrive at your address or will be available for pickup in the location you applied for it.

Getting started with Paysafecard is a bit more complicated. Since the service offers three different options, the approach you need to take depends on which one you choose. If you go the traditional route with the Paysafecard prepaid voucher, all you need to do is visit a local outlet and choose a voucher that meets your needs. You can also purchase one online using various currencies. These include the euro, US dollar, Canadian dollar, British pound, and even cryptocurrencies like Bitcoin! These vouchers come in several denominations, including $10, $30, $50, $100, $150, and $250. 

The second option is using a MyPaysafecard. You can set up this card online by creating an account. It’s worth noting that this will require some personal information, as well as a username and password. Unlike the last option, you’ll need to fund this account using an additional payment method. While this part can be somewhat of a hassle, it’s worth it for most users. You can fund your MyPaysafecard with a Paysafe prepaid voucher, a credit card, or a debit card.

The last Paysafe option on the list is getting yourself a Paysafecard MasterCard. This last option isn’t as popular as the previous two, but it can be a good fit for some. If you’re wondering what this process looks like, you should refer to the entire section about applying for a VISA card. The process is practically identical, with the only difference being the issuer.

One thing to note about these options is that they come with a 16-digit PIN code. You’ll need this code to start depositing in online casinos, so be sure to keep it close to heart! 

Using VISA and Paysafecard for Deposits and Withdrawals

Now that you’re familiar with the basics of these two popular payment options, you can move on to the next logical step - finding an online casino! While finding the right online casino for you can be a hassle, the process is shockingly easy with VISA and Paysafecard. The reason for this is simple. Both of these methods are available on pretty much every gambling site you can think of! Your choices of gambling venues are practically limitless, so compare what these websites have to offer and choose the one that matches your tastes!

To fund your online casino balance with VISA, you would have to go through the following steps:

1. Visit the casino’s Payments/Banking/Cashier page. 
2. Look for the VISA logo on the list of accepted methods and click or tap on it. 
3. In the new window, enter the card’s number, expiry date, and the CCV2 number, if needed, and specify your name as the cardholder. 
4. Specify the amount of money you’d like to deposit.
5. Accept the transaction, and the money will arrive on your balance right away.

The VISA withdrawal process isn’t too different than depositing. To withdraw using this method, you can follow the same steps listed above, with a slight adjustment. Instead of choosing the VISA logo from the deposit section, tap on it once you find it listed under withdrawals. Enter your desired withdrawal amount, proceed by confirming the transaction, and you’re done! The process might be easy, but it can be somewhat long. It can take anywhere between 3 to 5 days for the money to appear on your account.

Paysafecard deposits are a bit more complex. Since there are several services you can choose from, the process differs between them. We’ll start with the Paysafe MasterCard. In essence, this is a bank card, so the process is no different than what we just went over with VISA. You can refer to the steps outlined in the previous section and follow them closely to start playing at your favorite operator. 

The next one we’ll explore is the MyPaysafecard option. Since it functions similarly to an eWallet, the first step is setting up an account with the service. Once you’ve done this, here’s how to proceed:

1. Visit the operator’s Payments/Banking/Cashier page
2. Find the Paysafe logo on the list of supported payment options
3. Enter the required account information
4. Enter the amount you wish to deposit
5. Proceed with the transfer and wait for the money to arrive on your balance.

The last Paysafe option we’ll look at is the go-to Paysafecard prepaid card. Here’s how to use this service at an online casino:

1. Check out the operator’s Payments/Banking/Cashier page
2. Search for the Paysafe logo among the other payment options
3. Choose the prepaid card option and enter the required 16-digit code
4. Confirm the transaction and wait a bit for the money to arrive.

When Paysafecard withdrawals come into play, we have some bad news. Since it is a prepaid card, you can’t use it to withdraw from online casinos. While this can be disappointing, you can always find great alternatives to help you out. We recommend the other solutions from the Paysafe family! Both Skrill and Neteller are excellent withdrawal options with several enviable perks.

Advantages and Disadvantages

Now that you’ve learned more about these payment methods, you’re likely closer to choosing between them. To make things a bit clearer, we’ll review some of the pros and cons of using these services one more time.

What propels both of these payment methods to popularity in the online gambling scene is their availability. VISA and Paysafecard are insanely well-known options with long histories behind them. They’re well-established globally, reaching countless regions, especially when VISA is in question! It’s not hard to start using these methods, and that’s what people love about them. On top of their excellent security measures and banking platforms, they’re a convenient choice that doesn’t require investing too much time and effort to get started. Of course, it doesn’t hurt that nearly all online casinos support these options to boot! 

Some of the cons to consider when using VISA are the limitations it faces in specific countries and the fees. The credit card ban in countries like UK and Germany can be a setback for some players. Additionally, the charges you might see from banks and operators can trip some players up. Lastly, the withdrawal times for the bank card are somewhat long, so it’s good to be mindful of them before proceeding.

In contrast, the biggest con to Paysafecard is the lack of a withdrawal option. Since users can’t withdraw using the prepaid card, they’ll need to add a different method to their repertoire that does support withdrawing. Of course, this additional work can be avoided with other services.

It’s easy to see that both methods are top-notch candidates for online gambling. Before you proceed with one or the other, you should compare them to your standards and go with the method that better matches your requirements!