Our verdict
paysafecard is not a multi-currency account. It is a prepaid code you buy with cash and spend online with a 16-digit PIN, so the merchant never sees your bank or card details. For anyone who already has a bank account or a neobank card, the question is when that privacy is worth the fees and limits.
Those fees and limits differ by country, and each paysafecard country site publishes its own. Below are the figures from the UK, Irish and German sites. All three charge a monthly service fee on codes that still hold credit after a while, which is the main cost to plan around.
paysafecard fees and limits by country
| UK (GBP) | Ireland (EUR) | Germany (EUR) | |
|---|---|---|---|
| Voucher values | £10, 25, 40, 50, 75, 100 | €10, 25, 50, 100 | Not listed on the page we checked |
| Max per payment without an account | £40 | €50 | Not listed on the page we checked |
| Max per payment with an account | £1,000 | €1,000 | Not listed on the page we checked |
| Service fee on a code with credit left | £4 a month from the 2nd month | €4 a month from the 2nd month | €4 a month, first charged 30 days after purchase |
| Account inactivity fee | £5 a month from the 13th month | €5 a month from the 13th month | €2 a month from the 13th month |
| Refund (paying out remaining credit) | £6 per refund | €7.50 per refund | 5% (max €5) per refund |
Each paysafecard site also says a fee applies to payments that involve a currency conversion, without stating the percentage. In the US, codes are closed-loop gift cards issued by The Bancorp Bank, with retail fees from $1.49 and a $2 monthly fee only after 24 months of inactivity.
Verdict for bank and neobank users
paysafecard makes sense for one job: paying a site you would rather not give your card details to, with a fixed amount you have already set aside. Buy a code close to the amount you plan to spend and use it within the first month; the £4 or €4 monthly service fee and the £6 / €7.50 refund charge make it a poor place to leave money.
Pay in the code’s own currency, because conversion fees apply and are not published. If you want a reusable account instead, the Irish PaysafeWallet lists a free Start plan with a 2% conversion fee and a Plus plan at €36 a year with 1%, still well above what a neobank or Wise charges for currency exchange.
Sources
Every fee on this page was checked against these official provider pages on .
Pros
- No bank account or card needed to pay online
- Bought with cash at hundreds of thousands of outlets
- 16-digit PIN keeps your details private
- Fixed-value top-ups limit overspending
- Widely accepted at gaming & digital-goods sites
Cons
- GBP/EUR 4 monthly service fee on unused codes from the 2nd month
- Conversion fees on cross-currency payments
- Not a full wallet — limited send/receive
- Without an account, max GBP 40 (UK) or EUR 50 (Ireland) per payment
Fees & key facts
| Sign-up | Free — buy at face value |
|---|---|
| Monthly fee | Unused codes: GBP 4 / EUR 4 a month from the 2nd month (UK, Ireland) |
| Send / receive | N/A — pay with 16-digit PIN |
| Exchange rate | Conversion fee on cross-currency payments (rate not published) |
| Withdrawals | Refund of credit: GBP 6 (UK), EUR 7.50 (Ireland) |
| Card | Optional — paysafecard Mastercard (select markets) |
| Availability | ~50 countries |
| Currencies | ~20+ currencies |
| Founded | 2000 |
| Headquarters | Vienna, Austria |
| Regulation | Central Bank of Ireland (EEA: Paysafe Prepaid Services Ltd); FCA (UK: Prepaid Services Company Ltd) |
Ready to try paysafecard?
Open the official site to check current terms in your country and sign up.
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paysafecard — frequently asked questions
Is paysafecard safe to use?
paysafecard is regulated by Central Bank of Ireland (EEA: Paysafe Prepaid Services Ltd); FCA (UK: Prepaid Services Company Ltd) and uses standard protections such as encryption and two-factor authentication. As with any provider, make sure it is licensed in your country, use a strong password and never share one-time codes.
What fees does paysafecard charge?
Account/monthly fee: Unused codes: GBP 4 / EUR 4 a month from the 2nd month (UK, Ireland). Sending or receiving: N/A — pay with 16-digit PIN. Currency conversion: Conversion fee on cross-currency payments (rate not published). Withdrawals: Refund of credit: GBP 6 (UK), EUR 7.50 (Ireland). Fees can change and may vary by country, so always confirm the latest terms on the official paysafecard site.
Which countries can use paysafecard?
paysafecard is available in ~50 countries. Exact availability, currencies and features can differ by country, so check the provider's site for your location.
Does paysafecard offer a card?
Optional — paysafecard Mastercard (select markets). It supports ~20+ currencies.
What is paysafecard best for?
paysafecard is best for cash-funded online payments, no bank account. paysafecard is a cash-based prepaid voucher that lets users pay online without sharing bank or card details, redeemable via a 16-digit PIN at gaming and digital-goods merchants.
Who is behind paysafecard and where is it based?
paysafecard launched in 2000 and is based in Vienna, Austria, regulated by Central Bank of Ireland (EEA: Paysafe Prepaid Services Ltd); FCA (UK: Prepaid Services Company Ltd).
Comments 12
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Very secure and easy to find vouchers in Europe. But if you don't use the pin balance within a year, they start charging a monthly maintenance fee.
I use Paysafecard to control my budget on gaming. It is completely safe since I don't have to share my bank details or credit card anywhere.
Perfect for online privacy. I just buy a voucher at the local gas station with cash, enter the 16-digit code, and buy my games online. No bank required!
Excellent prepaid voucher. The 'my paysafecard' online account lets you combine pin balances, which makes it much easier to pay larger amounts.
Very secure and easy to find vouchers in Europe. But if you don't use the pin balance within a year, they start charging a monthly maintenance fee.
Great for small payments, but the vouchers are hard to use for large online transactions since you can only combine a limited number of PINs.
Excellent prepaid voucher. The 'my paysafecard' online account lets you combine pin balances, which makes it much easier to pay larger amounts.
I use Paysafecard to control my budget on gaming. It is completely safe since I don't have to share my bank details or credit card anywhere.
Excellent prepaid voucher. The 'my paysafecard' online account lets you combine pin balances, which makes it much easier to pay larger amounts.
Excellent prepaid voucher. The 'my paysafecard' online account lets you combine pin balances, which makes it much easier to pay larger amounts.
Excellent prepaid voucher. The 'my paysafecard' online account lets you combine pin balances, which makes it much easier to pay larger amounts.
Perfect for online privacy. I just buy a voucher at the local gas station with cash, enter the 16-digit code, and buy my games online. No bank required!