Paysafecard is the first prepaid card in Europe that allows you to make cash payments on the Internet, and it's accepted by thousands of websites, including poker and other gaming sites. They have been offering their services since 2000. No bank account or credit card information is required so Internet fraud and identity theft are of minimal worries. Instead of being purchased online, over 110,000 outlets are located across Europe where a paysafecard can be purchased. Once you find an outlet, the cards are available in £10, £25, £50 or £75. They are not for sale in the United States. Paysafecard is authorized and regulated by the Financial Services Authority in the United Kingdom.
One disadvantage of using the paysafecard processor, is you can not withdrawal back onto the card that you use. Many online poker rooms that offer paysafecard as a means for deposit will either let you withdrawal via check or direct bank account transfer. This can be a minor inconvenience if you are constantly trying to move money from site to site. Also, cards can not be purchased online, you have to buy them at an outlet.
But that doesn't really mean you shouldn't use paysafecard. The obvious advantages are not having to sign up for anything, nor have any personal information attached to your card. You can use cash to pay for them and in minutes have the funds online. There are also no fees associated with funding online merchants.
Poker sites accepting paysafecard are big names like PokerStars, Titan Poker, Full Tilt Poker, and PartyPoker. The paysafecard appears simple and easy to use and a great option if they are available to you. Just find an outlet, purchase your prepaid paysafecard, and you'll be set.