Paysafecard is an online payment system headquartered in Vienna, Austria. Paysafecard was founded in the year of 2000. It has several branches in Düsseldorf and New York. More than 500,000 outlets around the world have accepted Paysafecard. Paysafecard is actually a prepaid card which you can use to purchase stuff.
It is accepted in over 40 countries around the world. It won the Best Prepaid Company Outside USA award in 2008.
Binary Options Brokers that Accept Paysafecard
24Option is a well established CySEC regulated broker that has been in the industry since 2009. 24Option offers a demo account that can help newbies reduce the chances of losing money in trades. Apart from a rich education resources, 24Option also provide one-on-one training sessions for traders. The average withdrawal time frame is 3 – 5 days.
StockPair is one of the newest options broker in the industry. It offers a number of fast paced options contracts including 60 seconds and 90 seconds. Stock pair offers two main type sof pair options including fixed pair options and floating pair options. Floating pair options offers a payout ratio of 250% – 360%. Fixed pair options has an expiry time frame of 5 minutes to a few days.
OptionBit is a top binary options broker founded in 2009. It operates under a company called Comitis Marketing Ltd. OptionBit has a headquarter in Cyprus. Its platform is more advanced compared to others. You can save your favorite asset on the platform conveniently. OptionBit offers a payout ratio of up to 181%.
BeeOptions is an options builder founded recently in 2012. It offers a payout ratio of between 60% – 85% and a refund ratio of up to 10% for out-of-the-money trades. BeeOptions allow traders to trade on 131 assets. BeeOptions offers a welcome bonus of up to 25% for traders. They hold promotions from time to time that give away prizes such as 250% bonus.
uBinary is a new broker founded in 2011. uBinary offers free trade signals for traders. The trade signals are sourced from Barclay’s Signals. Ubinary offers platform that feature many useful candlestick charts. They offer welcome bonus that is based on your initial deposit. It has a low withdrawal requirement and does not set any limit on the amount you can withdraw.
Binary Options Brokers That Do Not Accept Paysafecard
PWRTrade is a great broker for traders are not based in the USA. PWRTrade offers an easy to use platform that allows you to open and close deals easily. It offers many different types of options including 60 seconds options, One Touch, Ladder and Pairs Trading. PWRTrade offers a payout of 70% – 85% for the standard trades. For One Touch Options, it is offering a payout of up to 550%.
Cherry Trade has been in existence in the binary options market since 2013. Cherry Trade is based in Gibraltar. It is one of the few brokers that accepts US customers. Cherry Trade has received a lot of positive feedbacks on its intuitive trading platform. The charts uses different color codes to show the changes in the market price. The platform will calculate the potential profits if you win. The potential rebates in the event of out of the money trades is also displayed on the platform.
Paysafecard Versus Credit Card
Just like credit card, you need to key in the 16 digit PIN of your Paysafecard during the checkout. Credit card has a higher spending limit compared to Paysafecard. The low spending limit in Paysafecard makes it suitable for people who only want to transfer a small sum of funds into their account. There is a limit of 100 euros for anonymous card holder. Registered cardholders can have a limit of up to 1000 euros if they use two cards. You can check the balance of your Paysafecard online. If the balance is not used up within 1 year, they will deduct some fees from the card. It is completely free to apply for the Paysafecard.
Paysafecard Versus Bank Wire
It is very convenient to pay with Paysafecard as you don’t have to provide sensitive information such as bank account or personal information. If you use bank wire, you will have to provide information such as name, address, routing number, account number, and Swift Code. Paysafecard does not charge any fee for online transaction. However, if you are using a currency other than Euros, you will be charged with an exchange rate fee of 2% of the transaction. In bank wire, both the sender and recipient will be charged a fee. International bank wire will be more expensive.
The best Paysafecard alternative would be credit/debit card. There is only a small number of binary options broker that accept Paysafecard. On the other hand, all binary options brokers will accept a variety of credit/debit card such as Visa, Mastercard, American Express and Discover.
Conclusion – Paysafecard Brokers
In conclusion, Paysafecard offers a safe and convenient way for you to deposit your funds through a prepaid card. It is a reliable payment system licensed under the FSA in UK.