Paysafecard Binary Options Brokers

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Paysafecard Binary Options Brokers

Below is a list of recommend binary options brokers that allow Paysafecard deposits:

Paysafecard is a prepaid system of online electronic payment. With the use of paysafecard, there is no requirement for sharing sensitive information such as bank account or credit card details. In fact the paysafecard system is almost akin to using cash to pay purchases in physical shops.

Paysafecard works with the use of 16-digits pin numbers that are printed on a card and entered at the receiving end. The pin numbers can be used several time and customers can also purchase more than one pin numbers. Initially, paysafecard was only available as a physical card but later, it was also made available in the form of eVouchers which can be purchased online since 2004. The denominations which paysafecard can be purchased in are €10 and €100. To obtain larger denominations, customers can combine up to 10 pin numbers for a maximum total of €1,000.

The company which own and managed the payment system is paysafecard.com Wertkarten AG with its physical office located in Vienna. It also maintains subsidiaries in countries like Argentina, Germany, Gibraltar, Great Britain, Mexico, Switzerland, the Netherlands and USA. The paysafecard system is currently accepted in more 37 countries in Australia, Europe and the Americas and over 4000 online establishments.

As mentioned earlier, paysafecard operates under an umbrella of several subsidiaries in several countries. In 2006, the company won funding under the European Union (EU) eTen Community programme to help in the expansion of its electronic payment services across the EU. By 2008, its subsidiary, Prepaid Services Company Ltd, had been issued an e-money license by the U.K’s Financial Services Authority (FSA). This license permitted paysafecard to deal in e-money across the EU. In recognition of the quality of their services, paysafecard was vote as “Best Prepaid Company Outside USA” and “Leading Prepaid Organisation” in 2008 by Prepaid Awards. The value of paysafecard services is not only appreciated by its customers but also by its competitors. In fact, one of its main rivals in Europe, Skrill, acquired the holding company paysafecard.com Wertkarten AG in early 2020.

Recognizing the increasing popularity of paysafecard as a means of making payments, some forward thinking binary brokers have taken the steps of accepting paysafecard’s e-money which their clients can use to make their deposits with.

Binary Options Brokers that Accept PaySafeCard

For those traders that are “unbanked” there is a way to make deposits into a trading account without the need for a credit or debit card or even bank details. This payment method is called paysafecard and it is simple and extremely safe to use. To debit money onto your paysafecard go along to a retailer that sells the paysafecard, give them cash and in exchange they will debit the same amount onto your paysafecard. Once you have this you can then use it to deposit directly into your binary options account and start trading. Cards are available in the following denominations: £10, £25, £50, £75 and £100. At PayPoint you can also get cards from £125, £150 and £175. To make a payment using your paysafecard simply enter your 16-digit card number into the broker’s payment page where you see “Pay with paysafecard”.

Best Binary Brokers with Paysafecard

Paysafecard is becoming more popularly accepted by brokers. If your broker does not accept it you can speak to their customer support staff to recommend the payment method. Here we have compiled some of the best brokers that accept this payment method.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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The Benefits of Paysafecard

The biggest benefit is the fact that you do not need to have a bank account or credit card in order to start making transactions online.

If your broker does not accept paysafecard you can top up a Neteller or Skrill account using your card and then use these alternative methods to deposit into your trading account.

With paysafecard you have access to your own user dashboard which keeps you updated on your transactions. In order to top up your card, you must use your pin. This guarantees safety of your account. You will have ultimate spending control over your account and you can use a variety of pins for different purposes so you may have a clear overview of your spending.

Payments to third parties can be made online, by simply entering your username and password and you will have access to the paysafecard loyalty rewards programme, which gives you benefits.

In terms of security, the paysafecard website, where you will login to your account to either make payments or to receive an account overview, is encrypted to protect your personal details and 16 digit pin number.

How Paysafecard Works

Simply go to a retailer to top up your card or buy some credit. You can pay the retailer in cash if you wish, and your paysafecard will be topped up to the same value. You can then use this debit online to make payments to brokers, gaming websites, social media, music and films and so on.

Paysafecard charges you the following fees:

  • Maintenance fee: each month £3 is deducted from your account balance on the 13th of the month
  • Conversion fee: If your activity requires foreign currency conversion you will be charged for this activity eg. if your account is held in GBP and you are making a deposit to your trading account in USD.
  • Redemption fee: any refunds you receive will be subject to £6 charge by paysafecard
  • my paysafecard maintenance fee: If the customer has not made any transactions over the last year customers will have £2 deducted from their account on the 13th month.

How do you create a Paysafecard account?

You can create a paysafecard account on their website. You will have access to information regarding all your paysafecard PINs. Also, you can pay online with your username and password and from time to time enjoy certain offers.

How secure is Paysafecard?

Extremely safe as you can buy the credit with cash and then use a pin to make transactions online. This means that your personal details or bank details are never compromised, what’s more the paysafecard website features encryption to protect your pin.

How to deposit with Paysafecard

Paysafecard is available in over 500,000 outlets globally. In order to find one near you, use the search tool available on the paysafecard website. You can also download the app from the Google Play store or the App Store which gives you on the go access to the retailers that stock the paysafecard. You can deposit with cash or credit card in one of the retailers.

Paysafecard Compared To Other Deposit Methods

As well as offering loyalty rewards to customers, paysafecard is extremely inexpensive. You will charged just £3 per month and not per transaction unlike other payment methods. With paysafecard you do not need to have a bank account or credit card details to deposit.

Conclusion

Paysafecard makes depositing into your trading account simple and fast. You will need to top up your card at a retailer that offers this service and then you can pay anywhere you see the paysafecard sign. If your broker doesn’t accept it, then simply use paysafecard to transfer funds to your Neteller or Skrill account, and then use these methods to deposit directly into your trading account. This removes the need to have a bank account or a card.

  • What are the brokers accepting Paysafecard?

Some of the leading binary options brokers that accept paysafecard include: 24option and Marketsworld

  • Is it safe to use Paysafecard?

Yes. It’s extremely safe as the website is encrypted and you don’t even need to havea bank account to top up your card. The broker you are depositing with will never come across your personal details, as you simply use your 16 digit pin number to transfer funds to them.

  • Are there any limits using Paysafecard?

No. Although retailers will offer you top ups of £10, £25, £50, £75 and £100. Or at PayPoint you can also get cards from £125, £150 and £175.

Binary Options with Paysafecard

Known as one of the best electronic payment methods, Paysafecard is used by millions of people all around the globe. The whole platform is based on pre-pay system and this is why it is mainly used for online shopping or payments of bills. The platform is in this business for more than 10 years and up to this moment more than 1000 retailers all around the world are using their services and accepting their payments.

The thing that makes Paysafecard that preferred is probably the simple method thanks to which the system works. Once you initiate a purchase, you will get unique PIN code so that when you want to purchase something or pay a bill, all you need to do is to enter the digits. Depending on the sum you have, every PIN code can be used more than one time, however, it might be better to buy multiple PIN codes for stronger security.

Best Forex Brokers for Russian Federation

You can get Paysafecard under the form of eVouchers. Those are actually unique receipts that that has numbers on them. Such eVouchers can be found all around the world and can be used in lots of countries such as Cyprus, Argentina, Canada, Belgium, Malta, Finland, etc.

You can even use Paysafecaerd in England, however, you need to be sure that the store is linked to PayPoint. The eVouchers you can buy have different amounts – starting from 10 and reaching up to 100 pounds. Once you get one, you will see the PIN code that is printed on the back of the card.

More than 3000 webshops all around the world are accepting payments via Paysafecard and the good thing here is they are in different categories such as music download sites, travel, communication services, online gaming, music download, etc.

There are also lots of online binary trading platforms that will allow you to use the code and fund your account. However, you have to be careful when applying the code because there are many phishing sites that will try to steal the digits and use your money instead of you. This is why it is recommended always to check the link and make sure that you have typed the name of the page correctly.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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