Paysafecard is an electronic payment system that does not contain electronic wallets and customer accounts, as it is based on vouchers. Vouchers are cards that have special codes (16-digit number). This electronic payment system is the most popular in Europe and the company’s offices are located in 27 countries.
The company was formed in 2000 in Austria, but then relocated to the United Kingdom. The amount of vouchers is indicated in euros, however, you can convert to 23 international currencies. In many countries, vouchers are sold in stores, kiosks and even gas stations.
The duration of the card is indefinite, but after 3 years, 2 euros will be charged monthly as administrative costs. Paysafecard vouchers can only be used for top-ups as these cards are non-rechargeable.
The advantages of the Paysafecard system are:
- Interaction with electronic wallets of most popular payment systems
- No commissions
- No need for verification and entering personal data
- Flexibility for the online space
- Wide choice of payments
- Convenient mobile application
- Having a history of transactions
- Availability of a loyalty program
- Instant payments worldwide
