Payment methods are a key decision point in online gaming. Players want safety, speed, and control, and methods that don’t deliver get dropped fast. We had a chance to talk to Ville Saari, the Lead Content Manager at Bojoko, to discuss how PaysafeCard fits into the current iGaming payment ecosystem. Bojoko keeps a list of licensed PaysafeCard casinos, helping players explore where it’s supported and make informed choices. In our conversation, we touched on safety, convenience, adoption trends, and how this method stacks up from a fintech perspective.
Why do players care so much about payment methods?
It’s one of the first and last things they experience. If the payment process feels clunky, untrustworthy, or too slow, players tend to leave. We’ve seen that players now expect not just secure deposits, but also instant or near-instant withdrawals. Payment methods are no longer just a utility, they’re part of the player experience.
What makes PaysafeCard stand out from other methods?
PaysafeCard is a prepaid payment method where players buy a voucher with a code and use that code to deposit money into their casino account. It doesn’t require any bank or card information to be shared, which is why it’s favoured by players who prioritise privacy and safety. There aren’t many methods out there that operate like cash in the online environment.
Is PaysafeCard more secure than cards or e-wallets?
It’s more secure in a different way. Because you don’t enter card or bank details anywhere, you reduce the risk of those details being compromised. It also limits spending to the amount on the voucher, which makes it a good choice for budget-conscious users or those who want to stay more anonymous online. While anonymity is not something that you can get at online casinos, at least your personal finances can remain a bit more shrouded.
Are there any trade-offs for that level of security?
Yes, there are a few. Most notably, withdrawals can’t always be made back to PaysafeCard unless the player has a registered account with Paysafe. Even then, not all casinos support PaysafeCard withdrawals. That means players often need to find a different method, like a bank transfer, for cashing out.
How does PaysafeCard’s popularity compare to other payment methods?
While debit cards and e-wallets like Skrill or Neteller still dominate the iGaming space, PaysafeCard has a strong niche. It’s not the biggest player in terms of volume, but it’s a trusted option among certain groups, especially those who don’t want their gaming transactions linked to their main bank account.
We don’t have exact numbers, but market studies often show that eCash products like PaysafeCard account for a modest but stable share of iGaming payments, especially in countries where privacy and financial control are top concerns.
How does it fit into the bigger fintech picture?
From a fintech angle, PaysafeCard is part of a diversified payment ecosystem. It offers value not through speed or flexibility like e-wallets or open banking, but through privacy, control, and accessibility.
It’s also less risky for operators. Because there are no chargebacks with prepaid vouchers, fraud is lower. That makes it attractive from a risk management perspective, even if the processing fees are higher than for traditional methods.
What should players know before choosing PaysafeCard?
Players should be aware of a few things before they go for PaysafeCard. Deposits are straightforward and quick, but withdrawals usually need to be handled with a different method. There can also be limits depending on local regulations. Another detail to keep in mind is that if you leave a balance unused for too long, maintenance fees may eventually kick in.
So, PaysafeCard works best for players who want fast and secure deposits, and who don’t mind managing withdrawals separately.
And from the operator side, any key considerations?
Operators should see PaysafeCard as a strategic addition, not a replacement for mainstream methods. It’s great for player acquisition in certain regions or demographics. But it comes with higher transaction fees, and supporting payouts can add complexity.
Still, its security, reach, and brand trust make it a strong option to offer in a well-rounded cashier.
Final thoughts?
Players value what’s simple, fast, and secure. PaysafeCard hits two of those hard: simple and secure. If you prioritise privacy or don’t want to share your bank details online, it’s one of the best options out there. Just make sure you understand the withdrawal flow before you deposit.
Disclaimer: This article is for informational purposes and reflects the professional opinion of the interviewee on the iGaming payment landscape. It is not financial advice. Users should always confirm the latest terms, conditions, fees, and full withdrawal process directly with the casino and the payment provider (PaysafeCard) before making a deposit. Always play responsibly.
