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The company is a global leader in online prepaid payment methods, and Paysafecard has become increasingly popular among casino players over the years.Here, we’ll take a closer look at the pros and cons of this payment method and compare Paysafecard to other payment methods commonly found at online casinos. Read on to find out what Paysafecard has to offer.General InformationPaysafecard is an online payment method that lets you pay at numerous online shops across different industries, without the need for a bank account or a credit card. To put it simply, Paysafecard is a world-leading prepaid solution that allows you to pay with cash online.The company is a subsidiary of Paysafe Holdings Limited UK – the same company that’s behind the famous e-wallets Skrill and Neteller. Paysafecard was founded in Vienna back in 2002 and is issued and distributed country-wise. This means that the scope of service providers and partners vary from country to country. Paysafecard currently operates in 40 different countries, covering most of Europe, America, Australia and New Zealand. The company also has some coverage in Western Asia and South America.What makes Paysafecard unique is that it allows people to make completely anonymous cash payments online. Furthermore, this payment solution is available at several local sales outlets in all countries where it’s present. Customers purchase a Paysafecard from their local outlet and use a unique 16-digit code to make payments online. The cards come in prepaid amounts of 10, 25, 50 or 100 NZD.Finding a local retailer couldn’t be any easier. All you have to do is visit the Paysafe website and use the search function. As soon as you’ve entered your address, postcode, and town, Paysafecard will find local sales outlets near you. You can also purchase your Paysafecard online.Payments and WithdrawalsEvery Paysafecard, whether bought online or in-store, includes a unique 16-digit PIN. Each voucher comes topped up with a set value and currency, which once used can never be topped up again. Paysafecard options vary depending on the country.. The maximum amount currently available is £175.Making payments with Paysafecard is extremely simple. All you need to do is select payments with this method and enter the 16-digit PIN of your voucher. Funds that are unused on one occasion remain stored in the voucher and can be used another time. If you do not have sufficient funds stored in one voucher you can combine up to ten Paysafecard vouchers per purchase.Keeping track of your transaction history and the current balance is also extremely simple. All you need to do is enter the PIN on Paysafecard’s website and a transaction summary is instantly displayed.Apart from making payments, it is possible to withdraw funds stored within a Paysafecard, however, users would need to provide their personal information. In line with financial regulation, the user would need to undergo KYC procedures to ascertain his or her identity.How to use Paysafecard at an Online CasinoIf you want to make cash payments at your favourite casino, Paysafecard is the way to do it. Depositing with Paysafecard is quick and easy, once you’ve obtained your PIN code.How to use PaysafeCard: Visit the Paysafecard website and use the search function to find a sales outlet near you. You can also purchase the code online, but we’ll speak more about this later. Visit the physical store and purchase a Paysafecard. You can choose between amounts of 10, 20, 50 or 100 NZD. Once you have your unique 16-digit code, you’re ready to deposit at the casino. This is what you have to do: Open your casino’s payment page and choose Paysafecard. Choose how much money you want to deposit. Enter the 16-digit code on your Paysafecard and finalise the payment. Sending and receiving money with PaysafecardThis payment method differs from others in the sense that you can only use it to make deposits. Well, at least if you want to stay completely anonymous and only use the physical store-bought cards. If you decide to use the digital service MyPaysafecard there are suddenly a lot more options at your disposal. More about this later on.Generally, there aren’t direct fees when you use your Paysafecard PINs. With that being said, the sales outlets will charge a small fee with each sold card, which means that these transactions aren’t entirely free of charge.Conversion FeesCurrency conversions are, on the other hand, not free of charge. Paysafecard charges a fee on any transactions involving conversion into foreign currency.If you’re planning to use this payment method, we’d advise you to sign up with casinos that offer NZD. Then again, that pretty much goes for any payment method.MyPaysafecardPaysafecard has created a digital platform to make the service more user-friendly and hassle-free.By registering a MyPaysafecard account, you can collect all your purchased PINs in one place. This makes it easier for you to keep track of your PINs, and also saves you time at the online casino.Instead of entering the 16-digit code every time you want to make a deposit, you tap in your username and password. However, you still need to enter the 16-digit codes to load your Mypaysafecard with cash. So, in that regard you might question how much time this digital platform actually saves you, right? Well, in theory, that would be true. But, the thing is, Paysafecard have QR codes that you quickly scan with your camera phone. Then again, there are quite some online casinos NZ that support QR codes too, so perhaps the argument of Mypaysafecard being a time-saver isn’t that valid after all? We’ll let you decide.Anyway, the most appealing thing about Mypaysafecard is undoubtedly the recently added pay-out function.And for casino players, this is truly a game-changer. This function has been custom-made for gaming operators as it allows them to send money back to players’ Mypaysafecard accounts.In other words, Paysafecard has made withdrawals possible for users on their digital platform. However, operators need to apply to have this functionality added to their sites.Therefore, you still can’t except every Paysafecard casino to offer withdrawals.PaysafeCard Mobile ApplicationIf you like the idea of using Paysafecard digital platform, you might as well go all the way and download the app. That way, you’ll be able to access funds and payment history and make payments on the go.The app is available on both iOS and Android, and you can download it from App Store or Google Play for free.With this app, you can easily top up your Paysafecard by scanning QR codes. Another neat feature is that you can generate your QR codes and use them to pay for stuff at your nearest outlet.Paysafecard and Online Casino BonusesEven though Paysafecard is owned by the same company as Neteller and Skrill, you’ll be pleased to know that the bonus restrictions such as free-spins on the first deposit commonly associated with Neteller and Skrill don’t seem to apply to Paysafecard. Many casino sites don’t offer bonuses when you deposit with Skrill or Neteller, but as far as we can tell, Paysafecard has gotten the green light.Is Paysafecard Safe?From a safety point-of-view, Paysafecard will put your mind at ease. Just like all other payment solutions offered by Paysafe Holdings, Paysafecard is authorized by the FCA. The Financial Conduct Authority is a financial body that works independently from the UK government and oversees financial services in the UK. FCA is financed through fees it charges members of the UK’s financial services industry, and is responsible for monitoring more than 58, 000 businesses and upholding the integrity of the UK’s financial markets.Any financial service carrying FCA’s seal of approval must adhere to strict security standards. This means that Paysafecard follows the same security protocols as websites dealing with online banking and share trading. It can’t get much safer than that. In a nutshell, these rigorous safety measures entail constant monitoring of all transactions processed by the system. Furthermore, Paysafecard also uses highly sophisticated encryption software, from some of the world’s leading cyber-security firms, to make sure all information is protected.Is Paysafecard a Good Option for New Zealanders Playing Casino?If you want to make cash payments when playing casino, this is the way to go. Using these prepaid cards is super easy and doesn’t take too much effort. The advanced search function on the Paysafecard website makes life easy for you by scouting local sales outlets close to you.When it comes to fees, there’s not that much to say, as Paysafecard is quite competitive in this regard. Outlets charge a flat fee of a few cents per card, regardless of what value you purchase. This means you’ll end up paying somewhere between 0.5% to 5% on every purchase.To keep costs low, it’s advisable to avoid buying prepaid cards of €10 or €20. If you head this advice, the rates are better than competing e-wallets.One of the most appealing aspects of this payment method is perhaps the app. It’s user-friendly and makes payment quick and easy by using QR codes. Furthermore, having direct access to your funds, payment history and transactions on the go is always handy. Not the least for players who enjoy playing slots and table games on mobile.The downside to this payment method is that you seldom can make withdrawals.The recently added pay-out function hasn’t become commonplace at online casinos, and if you’re looking to make withdrawals using Paysafecard you’re not exactly spoiled for choice.