June 8 - Paysafecard has been granted a UK e-money license and will look to
expand further into Europe.
This is great news for the online casino industry, particularly for
players who have used prepaid phone cards. The Paysafecard system works on
exactly the same basis. An obvious benefit to players is increased
security as there is no personal information being exchanged in the use of the
card. Although using your credit card at online casinos is
quite safe, the provides another alternative. Players still have concerns over
their credit card details being stolen, even though it is a rare occurrence.
Another advantage of the Paysafecard is self-protection, i.e. you can only
spend as much as was purchased on the card. This is a great feature for all those
players wishing to have full control over their gambling budget.
As part of its license granted by the UK Financial Services Authority,
Paysafecard are required to keep100% cash cover
of funds in reserve, which means that yor money is not at risk if you hold an
unused card.
Many casinos such as
Euro Grand Casino,
888.com, and
32 Vegas Casino already offer this as a deposit method.
Paysafecards are available 10, 25, 50 and 100 (local currency) values and can
be bought at over 105,000 locations in Europe.
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