CBM Writer

Are Prepaid Cards a Good Casino Deposit Method?

Prepaid cards kiosk

June 8, 2021

Online casino players have access to an ever-expanding range of banking methods for their gambling adventures. From the most traditional solutions to digital currency, most players can and should be able to find their preferred tool. With that in mind, modern casinos are compelled to diversify their banking offer and give the customers much needed convenience and security when it comes to their finances.

Here at Casino Banking Methods, we love to explore available systems of payment and break them down all the way to the nitty-gritty. Our goal, of course, is to guide our readers in the ways of choosing the method most suitable for their gambling blueprint. On this page, we ask and answer the question – are prepaid cards the best depositing methods at online casinos?  How do these options compare to conventional payment solutions and what is their appeal? From Paysafecard, Flexepin and Boleto to CashtoCode and AstroPay, we take a closer look at prepaid tickets and their use at casino sites.

Prepaid Cards – What’s the Secret?

There is no secret, really. Prepaid cards are a very efficient concept, easy to understand, easy to execute and easy to benefit from. You will find other terms that signify more or less the same thing – stored-value cards, prepaid tickets, prepaid vouchers, prepaid codes, disposable cards, disposable vouchers, pre-loaded cards etc. Simply put, these are payment cards that contain a predetermined amount that has been loaded on their balance. Users have to purchase a card and add funds to it – charge it to a certain amount. Alternatively, if you opt for pre-denominated cards, you simply need to pay the amount stated on them and get the card with the balance equal to its cost.

With this balance, players can make payments at online casinos and once they spend all the money on the balance, the cards become invalid. Some prepaid vouchers can be reloaded, but usually these are a one-time thing, disposable, and in order to use them again, you must purchase a new one.

Prepaid cards normally have a fixed monetary value. A range of different values is there for users to pick the one they find most suitable. Most of the brands offer low values, mid-range values and higher values, so their customers can side with the amounts they are comfortable using. But where does one get a prepaid card? Depending on the type of card, you can get them at various providers/venues. Specific prepaid cards are obtained at financial institutions. Others can be purchased online or bought at retail outlets, gas stations, markets or kiosks.

Top Prepaid Cards Accepted at Casinos Online

Until fairly recently, the only option for prepaid payments at casinos on the web was Paysafecard. Great, but where is the variety? Moreover, players from certain parts of the world didn’t have access to a secure prepaid card solution such as Paysafecard.  Luckily, the prepaid banking category got buffed with the addition of other options which are just as efficient and practical. Let’s list the top prepaid cards to deposit with at your preferred online casino.

Paysafecard

Paysafecard holds a stellar reputation among online gamblers for a number of reasons. The brand has been around since the early 2000s. It grew from a physical card to a printable e-voucher. Starting out in Europe and countries such as Austria, Germany and the UK, Paysafecard made its way to several world regions, including Argentina. A Paysafecard voucher is available online and in stores. It contains a 16-digit PIN necessary to make the payment and employs several technical security mechanisms, which make it hack-proof and indeed pay-safe.

Ticket Premium

Ticket Premium is a tailor-made prepaid solution for casino players accepted at hundreds of casino websites. Formerly known as Ticketsurf, Ticket Premium works as a voucher that you can purchase at many points of sale across Europe (particularly France and Belgium), or online. Once purchased, your Ticket Premium card will have a unique code (11-14 characters) that you will use to authorize the money transfer. One great feature of Ticket Premium is that users can spend a part of the value and save the code and the remaining balance for a future transaction.

Flexepin

Flexepin prepaid card deposits are especially common among casino players from Australia and Canada. The solution is one of the best alternatives to Paysafecard, presenting a solid prepaid voucher format with a 16- or 19-digit code. Flexepin can be bought in-store or online and its details are provided on a printable slip. Depending on the circumstances under which a person has purchased a Flexepin voucher, there may be some fees involved.

Boleto

Boleto Bancario is a casino payment method that specifically targets Brazilian players. The system includes invoice payments, or payment slips. Once you request a Boleto Bancario, you will receive a slip to print and then go to a bank, drugstore or post office and pay the specified amount for your ticket. Boleto Bancario is regulated by the Brazilian Federation of Banks (FEBRABAN), supports local Brazilian currency and makes for around 23% of all online transactions/cash payments in Brazil. The fact that one can easily deposit at mobile casinos using Boleto slips makes the option even more accommodating.

CashtoCode

CashtoCode has found its way inside many casino cashiers, despite being highly unconventional. The reason why people like this method is that you have the ability to generate the code for payment, hop over to the nearest POS, pay for it and get your deposit done without any typical banking hassle. CashtoCode can only be processed in Euros and they are possible to make in European countries such as Austria, Germany, Italy and the Netherlands. The CashtoCode network counts on over 150,000 retail locations, so it shouldn’t be hard to complete your transfer in optimal time.

CASHlib

CASHlib is a payment product available across Europe, with a massive network of participating merchants. This popular e-voucher solution allows the customers the flexibility of an online purchase or buying at a physical POS. The availability in particular countries may be limited to online purchase only, but for most users this is just added convenience. The CASHlib lip/receipt contains a unique 16-digit PIN code that is the only requirement for you to make a successful casino deposit. One of the highlights of using CASHlib is the ability to check the balance you have on your voucher(s) via the official CASHlib website.

AstroPay

AstroPay has many users in Asia and Latin America. The reason for this is the possibility to purchase AstroPay prepaid card with a range of local methods and keep them in local currency. To obtain a card, one needs to register through the site or app and purchase their preferred denomination of an AstroPay voucher. Once issued, the voucher will contain a 16-digit card number, expiration date and a 4-digit CVV code. Provide these details when depositing at an online casino and you will be ready to play within seconds.

Where Does the Superiority Come From?

From a player’s perspective, what are the benefits of making deposits with prepaid tickets? Why not just pull the lever and let the cash pour directly from a bank account? Granted, but the safety concerns would be through the roof. In fact, safety is one of the main reasons why online casino players turn to prepaid options for funding their casino balance. Of course, there are other pros to this banking format. Let us elaborate:

  • The safety of prepaid cards goes beyond bank firewalls and passwords. Why? Because you don’t need to share your personal or banking info in the first place, therefore protecting them dos not become a safety concern. Players who are reluctant to disclose their bank card numbers, account numbers, identity details and the like, can simply buy a prepaid voucher with cash and complete their deposit with the voucher code.
  • Paying offline for your prepaid card is an additional means of avoiding going online, creating profiles and sharing your emails or other sensitive data. Full anonymity is not a dream here, it’s the everyday reality of a prepaid card user.
  • In some parts of the world, people don’t maintain bank accounts or have cards issued by banks. For such players, prepaid cards are the ideal solution. They can pay a visit to their local supermarket, pay for the voucher in cash and leave no online trace of the transaction.
  • Another important characteristic of prepaid payments is the fact that they limit the users’ spending. Online gamblers are prone to being carried away easily, and they often struggle with budget management. A prepaid card option solves this by offering limited, budget-friendly values without the dangers of overspending.

Any Downsides to Depositing with Prepaid Vouchers?

Making casino deposits online with prepaid vouchers is a brilliant way to achieve effectiveness, discretion and safety in your payments. But, is it perfect? We would hesitate to make such a claim, simply because of personal preference. We need to be objective and also point out the traits of prepaid card that may not sit well with some players.

For example, some prepaid cards come with fees. As negligible as they are, their presence is unwanted. Furthermore, the greatest issue with prepaid cards is the inability to receive withdrawals. If you decide to deposit with an e-voucher, know that you will have to rely on a different method of payment once you submit a withdrawal request in 90% of the cases.

To Sum Up

Prepaid cards are one of the best ways of depositing, but not THE best for every type of player. Try them out and see if you feel your online gaming has improved due to better spending control and less worry about your banking details. Long-time casino players often testify to the usefulness of prepaid cards. The CBM team can do nothing more but confirm it.

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