Saturday, September 24, 2011

What is Paysafecard?

Paysafecard is popular in Europe works as an electronic payment method for predominantly online shopping and is based on a pre-pay system. It is based in Vienna, Austria and has been in existence since 2000. Paysafecard is used online for exchanging cash for electronic money in many countries; most of them are from Europe.  paysafecard has been involved with the eTEN programme, European Union started promoting the card in 2006.


It is becoming commonplace to use paysafecard to buy things at online stores today. For online purchases, most web shops only accept card payment online as an immediate payment method for convenience. Since many people do not have credit card to use online, paysafecard is a good way to be used instead.

How does it work?

People can buy a paysafecard at retailers which links to PayPoint and a secure 16 digital Pin printed on the card. The retailers are located in these countries now:
When the customers pay in an online shop, they enter the 16 digit number to process and so the paysafecard balance will be deducted. The amount can be as much as up to $1,000 though generally they are of the amount $10, $25, $50, $75 and $100.
The monthly fee for a paysafecard is $2, so the credit will be deducted every month. You can check the transaction history and production date of the paysafecard at the official site, enter the respective 16 pin code.

Where to use paysafecard

In the about 22 countries you can buy paysafecard, which is sold as eVoucher with unique numbers printed. There are up to 280,000 sales terminals in the world. You can use paysafecard in 3,500 web shops that accept it online. The categories of the shops can be: online games/gaming (including browser games, skill games, community games), music download sites, telecommunication services, gambling sites, travel and so on.

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