The growing number of online Payment options is coupled with a parallel increase in the online gambling industry. Several names have built a strong reputation in the tools for the e-commerce business, and among them are PaySafe and Neosurf.
PaySafe has expanded across 50 different countries, while 20,000 websites accept Neosurf as an online payment solution. Since the renowned gambling websites acquired these two payment companies for their simplicity and efficiency, here are the essential differences between them.
Overview
PaySafe
This elite payment processor in the online gambling market was created by a team of entrepreneurs in Vienna, Austria, in 2000. This prepaid online payment service operates with a license from the UK's Financial Conduct Authority (FCA) and has reached 50 countries after 22 years. PaySafe is simple to use. Players wishing to deposit at Casino Deps sites with Paysafecard can buy it in the nearest selling outlet or order online.
Different denominations of $10, $25, $50, $75, or $100 can be deposited in an online casino using a Paysafe Voucher purchased depending on your need, and in the card, you get a 16-digit unique PIN code. After registering at your preferred gambling platform, you need to choose the amount you want to use and enter the PIN code. Since the company's agreement with Mastercard in 2020, another card was launched to provide a safe and seamless online transaction: PaySafecard Mastercard.
Similar to the PaySafecard Classic, this new one is a prepaid credit card that can be used for online gambling because it is an excellent solution for gamblers who want to play in share their bank account. In addition, they can also prevent the expected bills or monthly contracts, which can provide a significant advantage but can lead to excessive spending.
Neosurf
Created in 2004, Neosurf is a payment option available as prepaid cards and cash vouchers to players worldwide. The firm is not only licensed by the Financial Conduct Authority, but the 128-bit SSL encryption also ensures the best protection for the users. Neosurf operates across the European Union (EU) and European Economic Area (EEA), and today this world-renowned payments solution caters to customers in over 150 countries.
To deposit with Neosurf, the first thing you have to do is purchase the voucher. You can buy it at the nearest retailer. As Players can buy the voucher in over 50,000 stores worldwide, you will likely find a convenient distributor. If you don't want to buy it in cash, you can buy the voucher online, which is the fastest option.
Neosurf cards are available in different denominations including $10, $15, $20, $50 and $100. In the prepaid voucher, you'll find a unique ten-digit PIN that you can use for easy payments on gaming platforms. A considerable benefit of using this instant payment is that you don't need to disclose your details. Actually, you just use your Neosurf Pincode to access to complete your transaction on the iGaming site.
Comparison
PaySafe
Pros
- Quick Payments
A significant advantage of using PaySafe is its accessibility. Since this leading specialised payments platform has broadened its service across the globe, it won’t be difficult to find the voucher somewhere. It is also the same case for those who want to purchase it online. They only have to search for a reputed voucher online shopper, and everything will be as easy as a walk in the park. The payment will be, thus, processed quickly. - No Deposit Fees
When choosing to deposit with PaySafe in the same currency, there is no need to pay fees because this service is completely free. Nonetheless, the players who choose physical retailers to buy prepaid cards may be required to pay an additional fee apart from the voucher's initial price. - Responsible Gambling
Every country has its own strategy regarding responsible gambling policy. Aside from introducing different laws and regulations to protect vulnerable people from excessive gambling, PaySafecard also contributes to preventing and minimising harm related to gambling by limiting a maximum of $100 per payment.
Cons
- No Withdrawal Option
Although this method is reputed for providing a seamless and convenient online payment solution meeting the users’ requirements, the withdrawal option is not supported. Those who choose the Paysafecard gambling site will need to find alternative banking options to cash out their winnings. - Limited Amount of Deposit
Some players are disappointed when they learn that the deposit amount is limited, affecting their gambling experience. Actually, multiple Paysafecard voucher denominations can be chosen, and the highest per single PIN is $100.
Neosurf
Pros
- Effective Control Policy
The players who tend to gamble too much should use Neosurf because this popular payment solution can help them control their spending on gambling websites. In fact, once the voucher balance is spent, the players need to buy another one, so they have time to think about whether they continue to gamble or not. - Safety and Security
As Neosurf is created with a voucher system, which is very secure, the chance of fraud is minimal. This popular gaming payment solution has no financial details like banking accounts or card numbers. Thus, all you have to do is purchase a voucher and use the PIN.
Cons
- Not Suitable for High-Rollers
This payment option is not dedicated to the high rollers who bet with large amounts of money. In fact, high rollers known as whales are the players who gamble with high stakes. Evidently, they have to find another payment to permit them to deposit and withdraw whatever sum they desire. - Lack of Withdrawal Option
Let’s admit that an excellent online gaming experience requires a smooth payment system for deposits and withdrawals. Though Neosurf has spread its voucher at several locations worldwide or online merchants, this option’s cash-out system hasn’t yet developed. Therefore, the users must find other alternative methods before subtracting their payouts.
