What is Paysafecard and how does it work?

In this practical tip, we explain what Paysafecard is and how it works. It is an electronic means of payment that you can buy at many points of sale and in which you do not have to provide any personal data about yourself. In the next sections, you will learn what you should still know.

Paysafecard - what it can do and how it works

• The Paysafecard is an electronic means of payment and a kind of prepaid card.
• You can buy different Paysafecard credits in the range of 10 and 100 euros at different sales outlets, for example in the lottery business. You can also purchase it online.
• You will receive a 16-digit PIN code when you purchase. You can enter this PIN code in supported web shops and use it to pay. You can also use the Paysafecard to pay on Amazon, for example.
• As soon as the credit is used up, the PIN code is invalid. If necessary, you can then buy a Paysafecard again.
• Paysafecards are mainly used in the area of ​​online trading and micropayment payments.
• In principle, the use of the Paysafecard is free of charge. In some cases, the Paysafecard may incur fees.

Security-related information about the Paysafecard

• The difference to other prepaid payment methods is that you do not have to provide any personal data with the Paysafecard.
• In the event of misuse, the maximum amount on the card can be lost.
• Due to new money laundering regulations, it is no longer possible for non-registered Paysafecard holders in Germany to pay amounts over 100 euros with the Paysafecard.
• Registered users, on the other hand, can also use several cards up to a maximum of EUR 1, 000.

If you want to send money online, read on here: We compare different providers for you, including Paypal and Yapital.