PaysafeCard review

The transfer fee is 0 EUR on wallet payouts, so sending money adds no separate charge. What does cost you is the exchange rate markup of 2%, which applies whenever money moves in a different currency from the one you hold. On the site that measure ranks PaysafeCard 69 out of 107 brands.

Delivery is Instant, so a payout does not sit waiting. The payout routes cover bank and cash pickup, which means a recipient can have the money sent into a bank account or collect it as cash. Where the person receiving the money is the point, the route you pick is the practical part of the journey.

The wallet covers 31 currencies, a wider spread than the money transfer median 5 across the site. What matters day to day is whether the currencies you hold, send and receive sit inside that list, and what the rate is when you convert between them.

Support runs through help centre. That covers questions about limits, fees and how the wallet works, but there is no phone line or live chat in the channels offered, so a stuck transfer may need time and self service rather than someone on the line. Many money transfer providers on the site list several ways to reach a person.

The wallet is operated by Prepaid Services Company Ltd, which is headquartered in the United Kingdom. The company behind the account is also the one that sets the fees and the limits for each payout route, so the terms you agree to sit with that entity rather than with a bank. Reading them before a large transfer is a sensible step.

Skrill takes nothing when you fund by bank transfer and rises to a higher percentage on card payments, while Paysera is free for euro sends to SEPA and its own users before a small charge starts. PayPal Colombia is free from a balance or linked bank account. PaysafeCard pairs 0 EUR with a 2% markup.