Skip to main content

Prepaid PaySafe cards discontinued from November 25

Neteller - Skrill

Bitcoin users, rejoice! Starting from November 25, the Neteller and Skrill e-wallets will block the usage of prepaid MasterCards. The change will take place in more than 100 countries. This is likely to benefit Bitcoin users, because there will be auspicious conditions for the acceptance of this digital currency.

The Neteller and Skrill e-wallet brands belong with the PaySafe Group. Last week PaySafe Group announced to customers that it was going to stop the usage of prepaid MasterCards in a number of countries. But the change will not be applicable to the 28 countries within the European Union, and there are more countries in Europe, like Switzerland, Norway, Monaco, San Marino, Lichtenstein, Iceland.

Prepaid MasterCards were very convenient for online gambling, but with the change in PaySafe Group's policy, punters in those over 100 countries will no longer be able to avail themselves of these cards. Well, at least PaySafe Group reminded those affected that they could use Skrill and Neteller accounts to withdraw their funds to and to transfer amounts from one account to another.

There are certainly to be a large number of gamblers affected in large gambling markets like those in Australia and Brazil, which will be affected by the discontinuation of the prepaid cards. The change does not yet include countries in North America, where PaySafe payments have been in use since 2014. It has been reported that customers using PaySafe cards in Russia and in China can continue to use their already paid for cards, but there will be no cards issued from now on.

PaySafe Group has not yet explained the reason for the discontinuation of prepaid MasterCards. But it is expected that both customers and operators in the countries affected will increasingly turn to Bitcoin as a convenient digital currency which will enable fast and secure payments.

Latest Casino News

Jun 03, 2021
The online casino industry is growing as fast as possible. Millions all around the globe prefer it as a form of entertainment from home and on go. They play for fun and with the hope to win…
May 10, 2021
The history of online slot machines is quite long and dates back to the 1800s. The creator of the first slot machine was Charles Fey who worked as a car mechanic. In 1895 he made a very…
Apr 18, 2021
Online casino industry has recently seen rapid expansion thanks to the latest advancements in technology. It has evolved from online gameplay on computer desktops to modern smartphones or…
Mar 21, 2021
Modern online casino industry provides a lot of fun and plenty of rewards to millions in every corner of the world. Using the latest technology innovations and improvements the online…
Feb 15, 2021
Over the past few years the online casino industry has expanded massively. Many new online casinos including scam ones have made their appearance on the market scene. The main and most…
Jan 05, 2021
Nowadays players feel free to play their favourite online casino games from anywhere and at any time. This has been made possible thanks to the great technology development and innovations…
Dec 15, 2020
The online casino industry is growing extremely fast. New exciting games are created by talented developers. New casinos appear every day. Customers play for fun and the lucky ones win big…
Nov 30, 2020
Playing online casino games is a common form of entertainment all over the globe. Over the past few years the gaming options have increased a lot. Government authorities in many countries…