Paysafecard Casinos
Online Casino deposits with Paysafecard

Paysafecard Overview

Since its beginning in 2000, Paysafecard has become increasingly well known in the e-commerce business over the years.

The company is headquartered in Vienna, Austria.

In the beginning, Paysafecard only made its service available to its customers in Austria.

As time went by, however, shortly after a year, they established a subsidiary in Germany.

From then on, Paysafecard has not slowed down its growth; it has continued to grow massively and has expanded into other countries.

At the end of 2005, Paysafecard received funding from the EU, which further accelerated and boosted its growth.

Thus, Paysafecard is now present in forty-three different countries around the world.

It has around one billion customers to whom it offers an incredible resolution of prepaid payments.

Its clients using Paysafecard can shop at more than four thousand online stores.

Based on these achievements and many others, Paysafecard has become a reputable company and does not seem to be slowing down its development.

With more than a decade of existence, Paysafecard has become a trusted card for customers and consumers, increasing the number of users.

When it comes to making vital decisions about its services, Paysafecard takes customers into account.

It also keeps its customers updated on company developments.

They use an updated and unique technique to transfer funds.

It uses a voucher system instead of making a direct transfer from the debit or credit card.

It involves customers buying vouchers with their cash and exchanging it for a voucher.

Retailers can purchase these vouchers at any Paysafecard establishment or store, including gas stations, supermarkets, and stores.

People can also choose to purchase the vouchers online.

Going back to 2002, Paysafecard used a physical card as a voucher but later introduced an electronic voucher with a 16-digit pin in line with global technology practices.

History of Paysafecard

A group of four Austrians founded Paysafecard in 2000 in the Austrian city of Vienna.

The first CEO of Paysafecard, Armin Sageder, is one of the founders.

Starting out as paysafecard.com prepaid card Inc., the company later became a limited company known as GmbH.

IBM Austria acted as the company’s first technical partner with the sole focus on providing original hardware and know-how.

Micheal Muller, one of the co-founders, assumed the role of CEO of Paysafecard in 2004, which was launched in Germany in early 2001.

Back in 2005, Paysafecard was awarded EU funding, the aim of which was to support e-services with a trans-European dimension.

EU funding was part of the eTEN program.

As a result, this funding boosted its finances and enabled Paysafecard to launch in many other countries such as the United Kingdom, Slovakia, Spain, Greece, and Slovenia.

Paysafecard’s UK subsidiary (Prepaid Services Company Limited) also benefited from an EU-wide e-money license in 2008.

Formerly called the UK Financial Services Authority (FSA), the Financial Conduct Authority (FCA) pushed for this license under the Financial Services and Markets Acts of 2000.

Licensing helped Paysafecard obtain a certificate to issue small e-money, valid in the UK in 2006.

At the time, the certificate authorized Paysafecard to issue e-money throughout the EU.

In Switzerland, Paysafecard later obtained a license to operate as a financial intermediary in 2008.