Paysafecard Bingo Sites – A Look Back at the Companies Beginnings
The original idea for Paysafecard came from a quartet of entrepreneurial Austrians at the turn of the century. Armin Sageder was the CEO as the fledgling service was launched in the year 2000. The Austrian office of the American computing giant IBM provided much of the technical support, and the new payment card started to gain in popularity.
The following year saw the launch of the service in neighbouring Germany. This much larger market enabled Paysafecard to really gain a foothold, and the success of this territorial expansion was the foundation of its future success.
2005 saw the company behind the service win support and additional funding from the European Union, enabling it to plan for further expansion into the wider European market. Paysafecard was soon introduced to several more European countries, including Spain and the United Kingdom.
The service’s arrival in the UK proved to be the final piece in the jigsaw. The UK government’s financial regulator awarded Paysafecard a licence to trade throughout the EU in 2006.
Today, Paysafecard can be used throughout the whole of Europe, apart from some countries constituting parts of former Yugoslavia. It can also be used throughout most of the rest of the world, including Argentina, Brazil, Canada, the United States, Australia and New Zealand. It is available in dozens of different currencies, including all the main worldwide trading forms, including the euro, British sterling, the Swiss franc and the US dollar.
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| Overall Rating: |
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| Member Rating: |
4 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
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A Guide to how PaySafeCards Work
Paysafecard is a pre-payment system whereby every issued ‘Card’ (which can be in the form of a physical card, a paper slip or an electronic communication), has its own unique 16 digit PIN. This number can then be used to make payments, both online and in real world stores.
It’s main advantage and selling point is that enables online payments to be made by people who do not have access to conventional banking, such as credit and debit cards. In fact, Paysafecard can even be used by those who have no bank account at all.
Cards can be purchased in the United Kingdom at many high street, neighbourhood and local stores. Newsagents, convenience stores, petrol stations and even some supermarkets sell Paysafecard, so widespread access shouldn’t be a problem, even in rural areas.
Cards can be bought in a variety of denominations, from £10 to £100. Official PayPoint outlets can sell cards valued at up to £175. They are extremely convenient, and flexible too. Customers do not have to spend the entire value of the card in one transaction: any remaining value is retained on the card for future use. Cards can also be added together for larger value items.
Buying Paysafecard and using it to make a payment is usually fee free. Exceptions apply when any kind of currency conversion applies, when there will be an additional charge. There is also a fee for turning Paysafecard back into cash. You should also ensure that you have used your card within six months of purchase. This is because an additional monthly management fee is applied after this period.
Another point to bear in mind is that the 16 digit PIN must be kept confidential. If customers lose the card or slip, they cannot get a replacement. Furthermore, anyone who has access to the PIN can spend it, so don’t lose it or leave it lying around.
Online Bingo Sites & PaySafeCard
Paysafecard is widely provided as a payment option on most online bingo titles. It is a very popular form of payment: it’s confidential, secure and can be used by players who do not have access to conventional banking arrangements. Look out for the logo at any online checkout or bingo site Banking page.